Shares to look at: Small-cap inventory Phantom Digital Results Ltd shall be in focus when the Indian inventory market resumes buying and selling exercise on Monday. The SME inventory has declared that it’s elevating funds of ₹140 crore. The small-cap firm knowledgeable concerning the transfer in an change submitting on Friday, saying it might elevate as much as ₹80 crore by way of Certified Institutional Placement (QIP) and ₹59.95 crore by way of the issuance of preferential points. The corporate board additionally accredited a preferential concern value of ₹247 apiece.
Phantom Digital Results’ preferential concern
The SME inventory knowledgeable concerning the preferential concern transfer, saying, “The Board has accorded to create, concern, provide and allot, on a preferential foundation, 24,27,000 totally convertible warrants at a difficulty value of ₹247 per warrant, totalling ₹59.95 Crore.”
The listing of allottees belonging to the ‘Promoter’ and ‘Non-Promoter’ Group classes are:
Bejoy Arputharaj Sam Manohar (Promoter) – 5,00,000 warrants;
Zeal International Alternatives Fund (Public) – 7,50,000 warrants;
Al Maha Funding Fund PCC – Onyx Technique (Public) – 7,50,000 warrants; and
M7 International Fund PCC – Cell Dewcap Fund (Public) – 4,27,000 warrants.
The strategic investments from marquee fund homes, together with Zeal International Alternatives Fund, AI Maha Funding Fund PCC – Onyx Technique, and M7 International Fund PCC – Cell Dewcap Fund, additional validate the corporate’s robust development potential. These buyers are investing in Phantom Digital Results Ltd, contemplating its credibility, market positioning, scale operations, superior VFX applied sciences, and rising international demand for high-quality digital results.
Phantom Digital Results QIP particulars
The small-cap firm knowledgeable concerning the QIP transfer saying, “Moreover, the corporate has additionally obtained approval from the Board for elevating funds to ₹80 Crore through Certified Institutional Placement (QIP) in a number of tranches, topic to the shareholders and regulatory approvals.”
Commenting on the event, Bejoy Arputharaj S, Managing Director, Phantom Digital Results Restricted, mentioned, “Phantom Digital Results is getting into an thrilling part of development, and this fundraising fuels our imaginative and prescient to set new benchmarks within the VFX trade. With the rising international demand for cutting-edge visible results, this funding will speed up our growth, strengthen our inventive and technological edge, and place us as a powerhouse in digital leisure. The way forward for storytelling is evolving, and we’re prepared to steer the cost!”
Disclaimer: The views and suggestions supplied on this evaluation are these of particular person analysts or broking firms, not Mint. We strongly advise buyers to seek the advice of with licensed specialists earlier than making any funding selections, as market situations can change quickly and particular person circumstances could fluctuate.
