Phantom Digital Effects IPO vs Steelman Telecom IPO

Comparison between Phantom Digital Effects IPO and Steelman Telecom IPO.

IPO Details

Phantom Digital Effects IPO is a SME Fixed Price IPO proposed to list at NSE SME while Steelman Telecom IPO is a SME Fixed Price proposed to list at BSE 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 Steelman Telecom IPO is up to ₹24.72 Cr. The final issue price of Phantom Digital Effects IPO is ₹95.00 per share and of Steelman Telecom IPO is ₹96.00 per share.

 Phantom Digital Effects IPOSteelman Telecom 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₹96.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1200 shares
Fresh Issue Size24,86,400 shares17,61,600 shares
Fresh Issue Size (Amount)up to ₹23.62 Crup to ₹16.91 Cr
OFS Issue Size4,23,600 shares8,13,600 shares
OFS Issue Size (Amount)up to ₹4.02 Crup to ₹7.81 Cr
Issue Size Total29,10,000 shares25,75,200 shares
Issue Size Total (Amount)up to ₹27.65 Crup to ₹24.72 Cr

IPO Timetable

Phantom Digital Effects IPO opens on Oct 12, 2022, while Steelman Telecom IPO opens on Sep 26, 2022. The closing date of Phantom Digital Effects IPO and Steelman Telecom IPO is Oct 14, 2022, and Sep 29, 2022, respectively.

 Phantom Digital Effects IPOSteelman Telecom IPO
Anchor Bid DateOct 11, 2022
Issue OpenOct 12, 2022Sep 26, 2022
Issue CloseOct 14, 2022Sep 29, 2022
Basis Of Allotment (Tentative)Oct 19, 2022Oct 07, 2022
Initiation of Refunds (Tentative)Oct 20, 2022Oct 10, 2022
Credit of Share (Tentative)Oct 21, 2022Oct 10, 2022
Listing date (Tentative)Oct 21, 2022Oct 10, 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 Steelman Telecom IPO P/E ratio of 23.41.

 Phantom Digital Effects IPOSteelman Telecom 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 Ended31 Mar 202231 Mar 202131 Mar 2020
Assets45.2636.9836.22
Total Income101.1690.1687.95
Profit After Tax3.971.38-0.23
NET Worth15.4111.499.85
Reserves and Surplus10.426.514.87
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)87.38100
Promoter Shareholding (Post-Issue)63.9271.98
P/E Ratio6.7223.41
Market Cap₹110.58 Cr.₹92.89 Cr.
ROE29.49
ROCE35.78
Debt/Equity0.97
EPS₹5.45₹5.23
RoNW93.2825.74

Shares Offered

In the Phantom Digital Effects IPO Retail Individual Investors (RII) are offered 10,28,400 shares while in Steelman Telecom 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 Steelman Telecom IPO.

 Phantom Digital Effects IPOSteelman Telecom IPO
Anchor Investor Reservation8,65,200 shares
Market Maker Reservation1,53,600 shares1,35,600 shares
QIB5,77,200 shares
NII4,39,200 shares16,72,800 shares
RII10,28,400 shares9,02,400 shares
Employee
Others
Total29,10,000 shares25,75,200 shares

Bids Received (Subscription)

Phantom Digital Effects IPO subscribed 164.22x in total, whereas Steelman Telecom IPO subscribed 22.40x.

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