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Phantom Digital Effects IPO vs Trident Lifeline IPO

Comparison between Phantom Digital Effects IPO and Trident Lifeline IPO.

IPO Details

Phantom Digital Effects IPO is a SME Fixed Price IPO proposed to list at NSE SME while Trident Lifeline IPO is a SME Fixed Price proposed to list at BSE SME.

 Phantom Digital Effects IPOTrident Lifeline IPO
LogoPhantom Digital Effects IPO LogoTrident Lifeline IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersCorporate Capitalventures Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarPurva Sharegistry (India) Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerSS Corporate Securities Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

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 Trident Lifeline IPO is up to ₹33.57 Cr. The final issue price of Phantom Digital Effects IPO is ₹95.00 per share and of Trident Lifeline IPO is ₹101.00 per share.

 Phantom Digital Effects IPOTrident Lifeline 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₹101.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1200 shares
Fresh Issue Size24,86,400 shares33,24,000 shares
Fresh Issue Size (Amount)up to ₹23.62 Crup to ₹33.57 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 shares33,24,000 shares
Issue Size Total (Amount)up to ₹27.65 Crup to ₹33.57 Cr

IPO Timetable

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

 Phantom Digital Effects IPOTrident Lifeline 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 04, 2022
Initiation of Refunds (Tentative)Oct 20, 2022Oct 06, 2022
Credit of Share (Tentative)Oct 21, 2022Oct 07, 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 Trident Lifeline IPO P/E ratio of 51.53.

 Phantom Digital Effects IPOTrident Lifeline IPO
Financials
Phantom Digital Effects Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20537.41326.7211.332.4626.81298.69
31-Mar-21731.95715.417.5135.3234.32385.25
31-Mar-221491.082236.6490.21525.53524.53251.81
30-Jun-222108.341234.88411.11936.64935.64276.91
Amount in ₹ Lakhs
Trident Lifeline Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-20638.92500.71-79.63-300.03
31-Mar-211144.41978.1363.23-47.07
31-Mar-221385.982237.14227.32480.25
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)87.38100
Promoter Shareholding (Post-Issue)63.9269.57
P/E Ratio6.7251.53
Market Cap₹110.58 Cr.₹116.14 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

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

 Phantom Digital Effects IPOTrident Lifeline IPO
Anchor Investor Reserveration8,65,200 shares
Market Maker Reserveration1,53,600 shares1,75,200 shares
QIB5,77,200 shares
NII4,39,200 shares16,62,000 shares
RII10,28,400 shares16,62,000 shares
Employee
Others
Total29,10,000 shares33,24,000 shares

Bids Received (Subscription)

Phantom Digital Effects IPO subscribed 164.22x in total, whereas Trident Lifeline IPO subscribed 1.34x.

 Phantom Digital Effects IPOTrident Lifeline IPO
QIB (times)14.75x
NII (times)554.76x1.69x
Big NII (times)
Small NII (times)
RII (times)207.08x0.98x
Employee (times)
Other (times)
Total (times)164.22x1.34x