Phantom Digital Effects IPO vs Trident Lifeline IPO

Comparision between Phantom Digital Effects IPO and Trident Lifeline IPO.

IPO Details

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

	Phantom Digital Effects IPO	Trident Lifeline IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Corporate Capitalventures Pvt Ltd	Beeline Capital Advisors Pvt Ltd
Registrar	Purva Sharegistry India Pvt Ltd	Link Intime India Private Ltd
Market Maker	Ss Corporate Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Phantom Digital Effects IPO is up to ₹29.10 Cr whereas the issue size of the Trident Lifeline IPO is up to ₹35.34 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 IPO	Trident 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)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	26,40,000 shares	34,99,200 shares
Fresh Issue Size (Amount)	up to ₹25.08 Cr	up to ₹35.34 Cr
OFS Issue Size	4,23,600 shares
OFS Issue Size (Amount)	up to ₹4.02 Cr
Issue Size Total	30,63,600 shares	34,99,200 shares
Issue Size Total (Amount)	up to ₹29.10 Cr	up to ₹35.34 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 IPO	Trident Lifeline IPO
Anchor Bid Date
Issue Open	Oct 12, 2022	Sep 26, 2022
Issue Close	Oct 14, 2022	Sep 29, 2022
Basis Of Allotment (Tentative)	Oct 19, 2022	Oct 04, 2022
Initiation of Refunds (Tentative)	Oct 20, 2022	Oct 06, 2022
Credit of Share (Tentative)	Oct 21, 2022	Oct 07, 2022
Listing date (Tentative)	Oct 21, 2022	Oct 10, 2022
Anchor Lockin End date 1	Nov 18, 2022	Nov 03, 2022
Anchor Lockin End date 2	Jan 17, 2023	Jan 02, 2023

Financials

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 IPO

Trident Lifeline IPO

Financial

Phantom Digital Effects Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	537.4	1326.72	11.3	32.46	26.81	298.69
31-Mar-21	731.95	715.41	7.51	35.32	34.32	385.25
31-Mar-22	1491.08	2236.6	490.21	525.53	524.53	251.81
30-Jun-22	2108.34	1234.88	411.11	936.64	935.64	276.91
Amount in ₹ Lakhs

Trident Lifeline Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	638.92	500.71	-79.63	-300.03
31-Mar-21	1144.41	978.13	63.23	-47.07
31-Mar-22	1385.98	2237.14	227.32	480.25
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

87.38%

100%

Promoter Shareholding (Post-Issue)

63.92%

69.57%

P/E Ratio

6.72

51.53

Market Cap

₹110.58 Cr.

₹116.14 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Phantom Digital Effects IPO retail 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 14,42,400 shares in Phantom Digital Effects IPO and in Trident Lifeline IPO.

	Phantom Digital Effects IPO	Trident Lifeline IPO
Anchor Investor Reserveration	8,65,200 shares
Market Maker Reserveration	1,53,600 shares	1,75,200 shares
QIB	14,42,400 shares
NII	4,39,200 shares	16,62,000 shares
RII	10,28,400 shares	16,62,000 shares
Employee
Others
Total	29,10,000 shares	33,24,000 shares

Bids Received (Subscription)

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

	Phantom Digital Effects IPO	Trident Lifeline IPO
QIB (times)	14.75x
NII (times)	554.76x	1.69x
Big NII (times)
Small NII (times)
RII (times)	207.08x	0.98x
Employee (times)
Other (times)
Total (times)	164.22x	1.34x

Compare with others

Phantom Digital Effects IPO	Trident Lifeline IPO
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Rite Zone Chemcon IPO	Phantom Digital Effects IPO
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Technopack Polymers IPO	Pace E-Commerce Ventures IPO
Vital Chemtech IPO	Swastik Pipe IPO
Frog Cellsat IPO	Steelman Telecom IPO
Pace E-Commerce Ventures IPO	Reetech International Cargo IPO
Swastik Pipe IPO	Cargotrans Maritime IPO
Trident Lifeline IPO	Vedant Asset IPO
Steelman Telecom IPO	Cargosol Logistics IPO

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