PhantomFX Raises ₹59.99 Crore via QIP to Global Expansion and Creative Leadership
Chennai (Tamil Nadu) [India], July 15: Phantom Digital Effects Limited (NSE: PHANTOMFX), one of India's fastest-growing and globally recognized VFX studios, is pleased to announce the successful completion of its Qualified Institutions Placement (QIP). The company has raised ₹59.99 Crore through the issuance of 23,43,600 equity shares at ₹256 per share (including a premium of ₹246 per share), reflecting a discount of 4.78% (i.e. Rs.12.85/- per Equity Share) to the floor price of ₹268.85 per share.
This fundraise comes at a transformative time for PhantomFX, as it accelerates strategic investments across creative infrastructure, talent acquisition, and international operations, including its recent acquisition of Oscar winning Tippett Studio.
Allotment Details - Major Investors (more than 5% allocation in QIP):
In a recent Qualified Institutional Placement (QIP), several major investors were allotted more than 5% of the total securities. Vikasa India EIF I Fund, Moneywise Financial Services Private Limited, and Beacon Stone Capital VCC - Beacon Stone I each received 1,95,300 shares at a price of ₹256 per share, amounting to ₹4,99,96,800 each, accounting for 8.33% of the total QIP allocation individually. UNICO Global Opportunities Fund Limited was allotted 1,75,800 shares for a total of ₹4,50,04,800, representing 7.50% of the QIP. Shine Star Build Cap Private Limited emerged as the largest investor with 2,73,300 shares, totaling ₹6,99,64,800 and accounting for 11.66% of the allotment. HDFC Bank Limited also participated significantly, receiving 1,36,800 shares worth ₹3,50,20,800, representing 5.84% of the QIP allotment.
Commenting on the QIP, Mr. Bejoy Arputharaj S., Managing Director of Phantom Digital Effects Limited, said, "This fundraise is not just about capital, it's a testament to confidence. The enthusiastic participation of leading institutional investors is a clear validation of PhantomFX's vision, our consistent execution, and our positioning as a global creative force. It reflects the industry's recognition of our unique blend of innovation, storytelling excellence, and international scalability. We are not simply growing a business we are shaping the future of visual storytelling by building a future ready powerhouse that seamlessly integrates cutting edge technology, artistic brilliance, and cross border capabilities.
With the backing of this QIP, we are now better equipped to fast track our expansion into key international markets, further integrate iconic entities like Tippett Studio, and invest in infrastructure, talent, and AI driven creative workflows. Our roadmap is bold and purposeful focused on delivering unmatched value to our clients, nurturing long term partnerships, and raising the global benchmark for VFX excellence. This is a defining chapter in our journey and for PhantomFX, the most exciting phase is only just beginning."
Global VFX Industry on the Rise: India's Strategic Role and PhantomFX's Impact
The global VFX market is witnessing rapid expansion, projected to grow from
US$ 15 billion in 2023 to US$ 30 billion by 2030, at a CAGR of 10.7%. Closer to home, the Indian VFX industry is estimated at ₹11,400 crore (US$ 1.38 billion) in 2023, with visual effects alone contributing ₹5,400 crore (US$ 647 million). Backed by over 4,000 studios, strong government incentives, and rising global demand, India is emerging as a global powerhouse for high quality VFX services. (Source: IBEF)
At the forefront of this transformation is PhantomFX, a studio delivering acclaimed work for titles like Ayalaan, Salaar, RRR, Leo, and The Flash. Recognized as the first Indian studio to create an entirely VFX-driven alien character, PhantomFX brought "Tattoo" to life in Ayalaan a landmark moment in Indian cinema, PhantomFX has executed over 500 projects, employs 650+ artists, and posted ₹102 crore in revenue for FY25. With cutting edge infrastructure and a fast-growing global presence, PhantomFX is helping define the future of India's VFX leadership on the world stage
About Phantom Digital Effects Limited
PhantomFX (NSE: PHANTOMFX) is a full-service creative studio specializing in high-end Visual Effects (VFX) for films, television, commercials, and streaming platforms. Headquartered in India, the company operates four state-of-the-art facilities across Chennai, Mumbai, Hyderabad, and Bangalore, supported by a team of over 500 highly skilled artists.
PhantomFX continues to expand its global footprint through strategic growth initiatives, with operational hubs now established in the USA, Canada, UK, China, and Dubai. The company holds TPN Gold certification and has a strong legacy of delivering end-to-end VFX solutions to major global production houses.
In a major milestone, PhantomFX has successfully acquired Tippett Studio, an Oscar-winning American VFX company headquartered in Berkeley, San Francisco. This strategic expansion positions PhantomFX at the forefront of the global VFX industry, enhancing its creative capabilities and service reach.
Financial Highlights (FY 24-25)
* Total Income: ₹104.37 Crore
* EBITDA: ₹39.69 Crore
* Net Profit: ₹20.20 Crore
Disclaimer
Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
a minute ago
- Indian Express
Cyber criminals swindle Pune businessman of Rs 2.15 crore, posing as woman with marriage proposal
A 35-year-old Pune businessman lost Rs 2.15 crore to Cyber criminals posing as a woman who approached him on the pretext of marriage proposal and lured him with huge profits on currency trading. The victim was manipulated into making close to 28 transactions to mule accounts as he was made to believe that he was investing in the forex market. A First Information Report(FIR) in the case was registered at Cyber Crime police station of Pune by the victim who runs a company in the service industry. Between April and June earlier this year, the victim was defrauded of a total of Rs 2.15 crore, by cyber criminals posing as 'Aakriti Sharma', claiming she was from a business family. She said she had gotten the complainant's contact from matrimonial services and got in touch with the complainant over Whatsapp. The woman claimed her family ran a furniture business in Indore and said she was interested in taking the marriage proposal forward. She said that she and her brother were also into currency trading from which they were getting 25 per cent profit. As the man continued communicating with the woman with intent to take the proposal further, she convinced him to start investing in currency trading. She made him log onto a fraudulent trading platform and open his own profile on it. The complainant was given details of fraudulent bank accounts to send money to and each of his transfers was getting reflected on the fraudulent application along with corresponding high gains in US dollars. As the complainant continued talking to the woman he also made large transfers through the platform thinking he was getting huge profits. After transferring Rs 2.15 crore the corresponding profits as reflected on the platform were Rs four crore. As the complainant submitted a withdrawal request, he was asked to pay tax of Rs 57 lakh. At this point when he discussed the issue with his friends, the complainant was made to realise that he had been defrauded. He subsequently approached the Cyber crime police station and an FIR was registered on Tuesday following a preliminary inquiry.
Time of India
a minute ago
- Time of India
Greenlam Industries to invest Rs 1,147 crore in Andhra Pradesh for laminate facility
Synopsis Greenlam Industries is investing Rs 1,147 crore to establish a High-Pressure Laminate and Particle Board manufacturing facility in Andhra Pradesh, poised to be South India's largest. The project will deploy advanced German technology and benefit from over Rs 329 crore in incentives from the Andhra Pradesh government. This expansion aligns with the growing Indian engineered wood and home decor market.
The Hindu
a minute ago
- The Hindu
Rajoo Engineers to raise ₹180 crore via QIP issue
Rajoo Engineers Ltd., a manufacturer of plastic extrusion machinery has initiated the process to raise ₹180 crore through Qualified Institutional Placement (QIP). The issue will close on July 21. The company's board had approved the opening of the issue of qualified institutional placement (QIP) of equity shares with the floor price of ₹114.42 per equity share. On July 14, the closing price of the equity shares on the BSE was ₹131.20 and ₹131.15 per equity share on NSE. The proceeds of up to ₹160 crore from the QIP will be deployed for expansion of business through inorganic growth to accelerate the company's growth plans and remaining proceeds towards general corporate purpose. The company which specialises in Blown Film Lines, Sheet Extrusion Lines, Thermoforming Machines and PVC Pipe Extrusion Solutions has presence in over 70 countries. It is listed on the BSE and NSE. Operating from Rajkot, Gujarat, the company offers over 26 products across six segments in plastic processing. GYR Capital Advisors Private Ltd. is the Book Running Lead Managers (BRLMs) to the QIP issue.
