What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Phantom Digital Effects Limited IPO?

Based on the upper price band of ₹95 and current GMP of ₹135, the estimated listing price is ₹230 (approx. 142.1% gain).

What is the expected profit per lot for Phantom Digital Effects Limited IPO?

With a lot size of 1200 shares and current GMP of ₹135, expected profit per retail application lot is approximately ₹1,62,000.

IPO GreyPremiumLIVE

Grey Market Intelligence

Phantom Digital Effects Limited

ListedSME

Media & Entertainment / Technology · NSE

Incorporated in 2016, Phantom Digital Effects Limited is a Certified Trusted Partner Network (TPN) creative VFX studio based in India, with additional offices in the US and Canada. As a TPN-certified studio, PhantomFX provides a comprehensive range of high-end visual effects services for global commercials, feature films, and web series, specializing in final compositing, 3D elements, photoreal creatures and environments, rig and wire removal, paint cleanup, rotoscopy, 3D matchmove, animation, pre-visualization, game cinematics, natural phenomena FX, and 3D ride animation. The company operates two advanced production studios located in Mumbai and Chennai, enabling it to deliver world-class VFX solutions worldwide.

Price Band

₹95

Issue Size

₹29.10 Cr

Lot Size

1200 shares

GMP

₹135

+142.1%

Est. Listing

₹230

at current GMP

Subscribed

164.22x

overall

Open

12 Oct 2022

14 Oct 2022

Allotment

19 Oct 2022

Refund

20 Oct 2022

Demat Credit

21 Oct 2022

Listing

21 Oct 2022

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Phantom Digital Effects Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹135+142.1%

Issue Price (Upper)

₹95

Band: ₹95

Estimated Listing Price

₹230

Upper price + GMP

Lot Size

1200 shares

Min investment ₹1,14,000

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹135	142.1%	₹230
30 Oct 2026	+₹135	142.1%	₹230
29 Oct 2026	+₹122	127.9%	₹217

About Phantom Digital Effects Limited Public Issue & Market Profile

Phantom Digital Effects Limited is bringing an initial public offering (IPO) in the Media & Entertainment / Technology sector with an aggregate issue size of ₹29.1 Crores. The shares are offered at a price band of ₹95 to ₹95 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Pricing Context:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,14,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Basis of Allotment & Listing Timeline:

Allotment reconciliation will be managed by Purva Sharegistry India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2022-10-21, while un-allotted funds or UPI block mandates will be released on 2022-10-20.

Frequently Asked Questions

What is Phantom Digital Effects Limited IPO GMP today?

The latest grey market premium for Phantom Digital Effects Limited IPO is ₹135, which indicates an expected listing price of ₹230.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.