CAGR of 10.7% projected for global VFX market
Phantom Digital Effects Limited (NSE: PHANTOMFX), one of India’s fastest-growing and globally recognized VFX studios, has raised Rs.59.99 crore through its Qualified Institutions Placement (QIP) for global expansion and to accelerates strategic investments across creative infrastructure, talent acquisition, including the recently acquired Oscar winning Tippett Studio.
The company had issued 23,43,600 equity shares at Rs.256 per share (including a premium of Rs.246 per share), reflecting a discount of 4.78% (i.e. Rs.12.85/- per Equity Share) to the floor price of Rs.268.85 per share https://www.bseindia.com/.
The global VFX market is witnessing rapid expansion, projected to grow from US$15 billion in 2023 to US$30 billion by 2030, at a CAGR of 10.7%, said the company which operates four state-of-the-art facilities across Chennai, Mumbai, Hyderabad, and Bangalore, supported by a team of over 500 highly skilled artists.
“Closer to home, the Indian VFX industry is estimated at Rs.11,400 crore (US$1.38 billion) in 2023, with visual effects alone contributing Rs.5,400 crore (US$647 million). Backed by over 4,000 studios, strong government incentives, and rising global demand, India is emerging as a global powerhouse for high quality VFX services (Source: IBEF).
Commenting on the QIP, Bejoy Arputharaj S., Managing Director of Phantom Digital Effects Limited, said on 15 July, “This fundraise is not just about capital, it’s a testament to confidence. The enthusiastic participation of leading institutional investors is a clear validation of PhantomFX’s vision, our consistent execution, and our positioning as a global creative force https://www.nseindia.com/.
“It reflects the industry’s recognition of our unique blend of innovation, storytelling excellence, and international scalability. We are not simply growing a business we are shaping the future of visual storytelling by building a future ready powerhouse that seamlessly integrates cutting edge technology, artistic brilliance, and cross border capabilities.
With the backing of this QIP, we are now better equipped to fast track our expansion into key international markets, further integrate iconic entities like Tippett Studio, and invest in infrastructure, talent, and AI driven creative workflows https://sbi.com.in/.
“Our roadmap is bold and purposeful focused on delivering unmatched value to our clients, nurturing long term partnerships, and raising the global benchmark for VFX excellence. This is a defining chapter in our journey and for PhantomFX, the most exciting phase is only just beginning.”
PhantomFX (NSE: PHANTOMFX) is a full-service creative studio specializing in high-end Visual Effects (VFX) for films, television, commercials, and streaming platforms. PhantomFX continues to expand its global footprint through strategic growth initiatives, with operational hubs now established in the USA, Canada, UK, China and Dubai http://commerce.gov.in.
In a major milestone, PhantomFX has successfully acquired Tippett Studio, an Oscar-winning American VFX company headquartered in Berkeley, San Francisco. This strategic expansion positions PhantomFX at the forefront of the global VFX industry, enhancing its creative capabilities and service reach. Fiinews.com
