Stocks to Watch, July 9 -- Small-cap stock Phantom Digital Effects has launched its Qualified Institutional Placement (QIP) issue to raise up to Rs.60 crore. The company, a leading creative visual effects (VFX) studio offering end-to-end services for films, web series, and commercials, opened its QIP on Tuesday, setting a floor price of Rs.268.85 per share-reflecting a 10.27% discount to Monday's closing price of Rs.299.65 apiece. The QIP will close on July 11.

The fundraising is being managed by GYR Capital Advisors Private Limited. The company stated that the proceeds from the QIP will be strategically deployed to accelerate Phantom Digital Effects' growth plans, including funding working capital requirements to support expected rapid ...