Phantom Digital Effects Limited — Updates, 07-03-2025: Press Release

Phantom Digital Effects Limited is set to enhance its growth trajectory through a strategic fundraising initiative. The company is conducting a Qualified Institutional Placement (QIP) to raise up to ₹80 Cr, alongside a preferential issue of fully convertible warrants totaling ₹59.95 Cr. These initiatives will support PhantomFX's expansion plans into global markets, boost technological advancements, and address the increasing demand for high-quality visual effects from Hollywood studios, OTT platforms, and the gaming sector.

The approval includes the issuance of 24,27,000 fully convertible warrants priced at ₹247 each, with key investments from notable institutional investors like Zeal Global Opportunities Fund and Al Maha Investment Fund. Managing Director Bejoy Arputharaj S emphasized that this funding will position the company at the forefront of the evolving digital entertainment landscape, capitalizing on the growing global appetite for innovative visual effects.

For FY 2023-24, PhantomFX reported a total income of ₹90.43 Cr, an EBITDA of ₹39.03 Cr, and a net profit of ₹24.11 Cr, reflecting its robust financial health and promising outlook.