Phantom Digital Effects IPO vs Rite Zone Chemcon IPO

Comparison between Phantom Digital Effects IPO and Rite Zone Chemcon IPO.

IPO Details

Phantom Digital Effects IPO is a SME Fixed Price IPO proposed to list at NSE SME while Rite Zone Chemcon IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Phantom Digital Effects IPO is up to ₹27.65 Cr whereas the issue size of the Rite Zone Chemcon IPO is up to ₹8.51 Cr. The final issue price of Phantom Digital Effects IPO is ₹95.00 per share and of Rite Zone Chemcon IPO is ₹75.00 per share.

 Phantom Digital Effects IPORite Zone Chemcon IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹91.00 per share
Issue Price (Upper)₹95.00 per share
Issue Price (Final)₹95.00 per share₹75.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1600 shares
Fresh Issue Size24,86,400 shares11,34,400 shares
Fresh Issue Size (Amount)up to ₹23.62 Crup to ₹8.51 Cr
OFS Issue Size4,23,600 shares0 shares
OFS Issue Size (Amount)up to ₹4.02 Crup to ₹0.00 Cr
Issue Size Total29,10,000 shares11,34,400 shares
Issue Size Total (Amount)up to ₹27.65 Crup to ₹8.51 Cr

IPO Timetable

Phantom Digital Effects IPO opens on Oct 12, 2022, while Rite Zone Chemcon IPO opens on Oct 31, 2022. The closing date of Phantom Digital Effects IPO and Rite Zone Chemcon IPO is Oct 14, 2022, and Nov 02, 2022, respectively.

 Phantom Digital Effects IPORite Zone Chemcon IPO
Anchor Bid DateOct 11, 2022
Issue OpenOct 12, 2022Oct 31, 2022
Issue CloseOct 14, 2022Nov 02, 2022
Basis Of Allotment (Tentative)Oct 19, 2022Nov 07, 2022
Initiation of Refunds (Tentative)Oct 20, 2022Nov 09, 2022
Credit of Share (Tentative)Oct 21, 2022Nov 10, 2022
Listing date (Tentative)Oct 21, 2022Nov 11, 2022
Anchor Lockin End date 1Nov 18, 2022
Anchor Lockin End date 2Jan 17, 2023

Financials & KPIs

Phantom Digital Effects IPO P/E ratio is 6.72, as compared to Rite Zone Chemcon IPO P/E ratio of 90.36.

 Phantom Digital Effects IPORite Zone Chemcon IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 202231 Mar 202231 Mar 202131 Mar 2020
Assets21.0814.917.325.37
Total Income12.3522.377.1513.27
Profit After Tax4.114.900.080.11
NET Worth9.375.260.350.32
Reserves and Surplus9.365.250.340.27
Total Borrowing2.772.523.852.99
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets12.4110.396.786.67
Total Income10.365.663.845.75
Profit After Tax0.170.260.010.16
NET Worth5.205.020.630.63
Reserves and Surplus2.161.990.620.62
Total Borrowing0.971.063.292.58
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)87.3858.39
Promoter Shareholding (Post-Issue)63.92
P/E Ratio6.7290.36
Market Cap₹110.58 Cr.₹31.73 Cr.
ROE5.2
ROCE10.7
Debt/Equity0.21
EPS₹5.45₹1.49
RoNW93.285.22

Shares Offered

In the Phantom Digital Effects IPO Retail Individual Investors (RII) are offered 10,28,400 shares while in Rite Zone Chemcon IPO retail investors are offered 10,28,400 shares. Qualified Institutional Buyers (QIB) are offered 5,77,200 shares in Phantom Digital Effects IPO and in Rite Zone Chemcon IPO.

 Phantom Digital Effects IPORite Zone Chemcon IPO
Anchor Investor Reservation8,65,200 shares
Market Maker Reservation1,53,600 shares60,800 shares
QIB5,77,200 shares
NII4,39,200 shares5,66,400 shares
RII10,28,400 shares5,68,000 shares
Employee
Others
Total29,10,000 shares11,34,400 shares

Bids Received (Subscription)

Phantom Digital Effects IPO subscribed 164.22x in total, whereas Rite Zone Chemcon IPO subscribed 4.73x.

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