Multibagger Stock: This stock is proving to be the phantom of the market, 2.70 lakhs made in 17 days worth Rs 1 lakh

Highlights

In 17 days, this stock has given 171 percent return to the investors.
On the day of listing, this stock reached the level of Rs 315 in intraday.
The price band of Phantom Digital IPO was Rs 91-95 per share.

New Delhi. The investors who have got shares in Phantom Digital Effects Limited IPO have become known. Phantom Digital Effects Share, which was listed on the SME platform on October 21, has given investors a multibagger return in just 17 days. In this IPO, investors had invested money openly. Now the company’s stock is also raining money on investors.

The stock was listed on the SME platform on October 21, 2022. Its price band was fixed at Rs 91-95 per equity share. On Monday, November 7, it closed at Rs 258 (Phantom Digital Effects Share Price). In this way, in 17 days, this stock has given 171 percent return to the investors. The company’s stock was listed on the SME platform at Rs 300 and gave huge listing gains to the investors.

Rs 2.70 lakh made for 1 lakh
This SME stock was listed at Rs 300 per share and closed at Rs 312.70 on the first day. On the day of listing, this stock reached the level of Rs 315 in intraday. In this way, this stock gave more than 200 percent multibagger returns to the investors on the day of listing itself. If an investor has been allotted shares in the IPO according to the upper price band of Rs 95 and the investor has invested Rs 1 lakh in this share, now his amount has increased to about Rs 2.72 lakh in 17 days.

IPO got tremendous response
The IPO of Phantom Digital Effects opened last month from October 12 to October 14. The issue of Rs 29.10 crore was subscribed 164 times. The share reserved for non-institutional investors was subscribed 555 times. The share reserved for retail investors was subscribed 207 times and that of qualified institutional buyers (QIBs) 15 times. The lot size of 1200 shares was fixed.

what does the company do
Phantom Digital Effects is a Certified Trusted Partner Network (TPN) company. The company provides services related to VFX. VFX is used in films. With its help, the scenes of films are made grand and real. Phantom Digital Effects has its creative VFX studio in India. The company also has offices in Canada and the US.

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