Published on 6/10/2022 3:41:53 PM | Source: Dion Global Solutions Ltd

Phantom Digital Effect announces launch of initial public offering

Posted in IPO Analysis| #IPO

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Phantom Digital Effects Ltd. has announced public offering of 3063600 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 86.00 per share. The gross proceeds of the issue are expected to be Rs 2,941.06 lakhs.

The company's initial public offer (IPO) will open on 12 October 2022 and is expected to close on 14 October 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 91.00-96.00 per share. The IPO includes a fresh Issue of 3063600 Equity Shares of the Company at an price of Rs 96.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200. Phantom Digital Effects Ltd. anticipates using the proceeds of the issue for . Corporate Capitalventures Pvt. Ltd. as lead manager & PURVA SHAREGISTRY INDIA PRIVATE LIMITED is the registrar, to the issue.