Latest news with #PhantomDigitalEffectsLimited
Business Standard
3 days ago
- Business
- Business Standard
PhantomFX Raises ₹59.99 Crore via QIP to Global Expansion and Creative Leadership
PNN 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.
Business Standard
02-06-2025
- Business
- Business Standard
Phantom Digital Effects Limited Secures New High-Value Contracts, Poised for Significant Revenue Growth and Market Expansion in FY25-26
PNN Chennai (Tamil Nadu) [India], June 2: Phantom Digital Effects Limited (NSE: PHANTOMFX), a leading name in the global visual effects (VFX) industry, has secured new high-value contracts worth Rs72 Crores for the current year. These projects are expected to be completed by the fourth quarter of FY25-26, with the total value potentially rising to Rs110 Crores, including projects that are currently in final stages of bidding or about to be awarded. These new deals span both international and domestic markets and mark a significant milestone in the company's growth journey. PhantomFX's recent expansion into the U.S. and China is already showing strong results, while the company continues to maintain its solid presence in the Indian market. This momentum reflects the company's consistent focus on acquiring new business through strategic expansion and targeted acquisitions. It also highlights PhantomFX's ability to deliver world-class VFX solutions to top production houses around the world. With this strong pipeline, PhantomFX is well-positioned for substantial revenue growth and increased market presence in FY25-26. These wins further strengthen its position as a trusted and capable partner in the fast-growing global VFX industry. FY25 Key Financial Highlights (Consolidated) Total Income: Rs104.37 Crores EBITDA: Rs39.69 Crores Net Profit: Rs20.20 Crores "With rising global demand and exciting new projects, PhantomFX is entering a new growth phase," said Mr. Bejoy Arputharaj S, Managing Director, Phantom Digital Effects Limited, "The global VFX industry is experiencing strong growth, fueled by the revival of content production across films, OTT platforms, and gaming. As studios ramp up their pipelines to meet increasing audience demand, there is a clear shift toward high-quality, large-scale visual effects. This trend is creating new opportunities for skilled VFX studios that can deliver creativity at scale with reliability and speed. PhantomFX is well-positioned to benefit from this industry momentum. Our reputation for precision, innovation, and timely execution has made us a preferred partner for high-value projects, both in India and international markets. We are currently in advanced discussions for several large projects that will span multiple production cycles, requiring robust planning and resource deployment. To meet this rising demand, we are actively investing in expanding our talent base, strengthening infrastructure, and exploring strategic partnerships. Our consistent performance and reputation for quality have helped us build a strong project pipeline, and with significant billing expected in the coming months, we remain confident about accelerating our growth and reinforcing our position as a leading global VFX partner. About Phantom Digital Effects Limited PhantomFX (NSE: PHANTOMFX) is a leading creative visual effects (VFX) studio offering end-toend services for film, web series, and commercials. The company holds the prestigious Certified Trusted Partner Network (TPN) designation. The company's headquarters are located in Chennai, India, with additional offices in the United States and Canada. PhantomFX is strategically located in three key Indian cities, namely Mumbai, Chennai, and Hyderabad, and extends its global reach through a wholly-owned subsidiary in the UK and administrative offices in Los Angeles, Vancouver, Montreal, and Dubai, facilitating seamless coordination with clients across different time zones. The company is co-founded by a team of creative-driven professionals capable of managing complex and scalable VFX production tasks, delivering high-quality, industry-standard content for clients. With an impressive clientele and extensive industry experience, PhantomFX has earned the trust of clients, positioning itself as one of India's most reliable visual effects providers. The Company got listed on NSE Emerge platform in October 2022. Disclaimer Certain statements in this release are forward-looking and subject to risks and uncertainties, including but not limited to market conditions, economic developments, talent availability, and client-side delays. Phantom Digital Effects Limited undertakes no obligation to update forward-looking statements to reflect future events or circumstances. For Further Information Please Contact Corporate Communication Advisor AKMIL Strategic Advisors Private Limited Mr. Milind Apte - Director milind@ +91 98209 41925
