Liqvd Digital India IPO is a BSE SME Book Built public issue by Liqvd Digital India Limited. The public issue comprises a fresh issue of equity shares along with an Offer for Sale by an existing shareholder. The IPO is scheduled to open for subscription on 23 September 2026 and close on 25 September 2026. After completion of the IPO process, the company’s equity shares are proposed to be listed on the BSE SME platform.
The total issue size is ₹39.01 crore, comprising a fresh issue of ₹34.14 crore and an Offer for Sale of 9.02 lakh equity shares aggregating up to ₹4.87 crore at the upper price band. The fresh issue proceeds are proposed to be used for acquiring an additional stake in AdLift Marketing Private Limited, establishing a Full Scale Video Content Production Hub, meeting incremental working capital requirements, and supporting inorganic growth and general corporate purposes.
Liqvd Digital India Limited operates in the digital marketing and media solutions industry. The company provides services covering creative content, social media management, media planning and buying, influencer marketing, search engine optimisation, performance marketing, online reputation management, website and application development, and AI-driven content solutions.
The company serves clients across sectors including FMCG, information technology, financial services, healthcare, manufacturing, logistics and other industries. Its operations are supported by offices in Mumbai and Gurgaon, an in-house studio in Mumbai, and its association with AdLift Inc. provides access to international business in the United States.
The digital advertising and marketing industry has been expanding as businesses increasingly shift their marketing budgets toward digital channels, performance marketing, social media, search, content creation and technology-enabled customer engagement. Liqvd Digital India aims to strengthen its integrated digital marketing capabilities through acquisitions, technology, content production and working capital investment.
Investors should evaluate the company’s financial performance, valuation, competitive environment, client concentration, dependence on skilled employees and execution of its expansion plans before making an investment decision.
Table of Contents
Liqvd Digital India IPO Details
| IPO Details | Information |
|---|---|
| IPO Name | Liqvd Digital India IPO |
| Company Name | Liqvd Digital India Limited |
| IPO Type | Book Built Issue |
| IPO Category | SME IPO |
| Face Value | ₹5 Per Equity Share |
| Price Band | ₹51 to ₹54 Per Share |
| Issue Size | ₹39.01 Crore |
| Fresh Issue | ₹34.14 Crore |
| Offer for Sale | ₹4.87 Crore |
| IPO Open Date | 23 September 2026 |
| IPO Close Date | 25 September 2026 |
| Anchor Investor Bidding | 22 September 2026 |
| Basis of Allotment | 28 September 2026 |
| Refund Initiation | 29 September 2026 |
| Shares Credited to Demat Account | 29 September 2026 |
| Listing Date | 30 September 2026 |
| Listing Exchange | BSE SME |
| Lot Size | 2,000 Equity Shares |
| Registrar | Bigshare Services Private Limited |
| Book Running Lead Manager | Indorient Financial Services Limited |
| Market Maker | Shreni Shares Limited |
Liqvd Digital India IPO Dates
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | 22 September 2026 |
| IPO Opening Date | 23 September 2026 |
| IPO Closing Date | 25 September 2026 |
| Basis of Allotment | 28 September 2026 |
| Refund Initiation | 29 September 2026 |
| Shares Credited to Demat Account | 29 September 2026 |
| Listing Date | 30 September 2026 |
The Liqvd Digital India IPO will remain open for subscription from 23 September 2026 to 25 September 2026. The basis of allotment is scheduled for 28 September 2026, followed by refund initiation and credit of shares to successful applicants on 29 September 2026. The equity shares are proposed to be listed on the BSE SME platform on 30 September 2026.
Liqvd Digital India IPO Reservation
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not More Than 50% of the Net Offer |
| Non-Institutional Investors (NII) | Not Less Than 15% of the Net Offer |
| Retail Individual Investors (RII) | Not Less Than 35% of the Net Offer |
The final allocation under the investor categories will depend on the number of valid applications received during the IPO subscription period and the applicable allocation framework.
Liqvd Digital India IPO Lot Size
The Liqvd Digital India IPO has a market lot of 2,000 equity shares. Since the minimum application for individual investors is two lots, investors need to apply for at least 4,000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 4,000 | ₹2,16,000 |
| Retail Maximum | 2 | 4,000 | ₹2,16,000 |
| S-HNI Minimum | 3 | 6,000 | ₹3,24,000 |
| S-HNI Maximum | 9 | 18,000 | ₹9,72,000 |
| B-HNI Minimum | 10 | 20,000 | ₹10,80,000 |
The application amounts shown above are calculated using the upper price band of ₹54 per equity share.
Liqvd Digital India IPO GMP
Grey Market Premium or GMP represents the unofficial premium at which IPO shares may be traded in the grey market before their official stock-market listing. GMP is not an official exchange price and can change based on market conditions and investor sentiment.
As of the latest available pre-issue update, the reported GMP for Liqvd Digital India IPO is ₹0. The IPO is scheduled to open on 23 September 2026, so grey market indications may change before the listing.
| GMP Date | IPO Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 20 September 2026 | ₹54 | ₹0 | ₹54 |
GMP should not be considered a guarantee of the listing price or listing gains because it is an unofficial and unregulated market indicator.
About Liqvd Digital India Limited
Liqvd Digital India Limited is a digital marketing and media solutions company incorporated in 2013. The company operates as a creative-first agency providing integrated marketing and communication solutions to businesses and brands.
Its service portfolio covers multiple areas of digital marketing, including creative content creation, social media management, media planning and buying, influencer marketing, search engine optimisation, performance marketing, online reputation management, website development and application development.
The company works with large corporations, mid-sized enterprises and direct-to-consumer businesses across multiple industries. Its client base includes businesses operating in information technology, FMCG, financial services, healthcare, logistics, manufacturing and other sectors.
The company operates through offices in Mumbai and Gurgaon and has an in-house studio in Mumbai for content production and related activities. Following its acquisition of a majority stake in AdLift Marketing Private Limited, Liqvd Digital India has strengthened its performance marketing, search engine optimisation and analytics capabilities.
The company also has access to international business through AdLift Inc. in the United States.
Business Operations
Liqvd Digital India Limited provides a broad range of digital marketing and media services.
- Digital Marketing Services – The company helps brands develop and execute digital marketing campaigns across multiple online channels.
- Creative Content Creation – It develops creative communication, visual content and digital campaign material for brands.
- Social Media Management – The company manages social media strategies, content and audience engagement activities.
- Media Planning and Buying – It provides media planning and media buying services designed to help businesses reach targeted audiences.
- Performance Marketing – The company provides performance-focused digital marketing solutions aimed at improving measurable campaign outcomes.
- Search Engine Optimisation – Its SEO capabilities help businesses improve online visibility and search engine presence.
- Influencer Marketing – The company develops influencer-led marketing campaigns to connect brands with targeted audiences.
- Website and Application Development – It provides website and application development services as part of its broader digital offering.
- Content Production – The company undertakes photography, video production, animation and other multimedia content-related activities.
- Online Reputation Management – It helps businesses manage their digital reputation and online presence.
- AI-Driven Content Solutions – The company also incorporates artificial intelligence-based solutions into its digital marketing and content capabilities.
The company’s operations are organised around different revenue streams, including retainer-based services, media-related activities, project-based assignments and production services.
Industry Overview
India’s digital advertising and marketing industry has expanded rapidly as businesses increasingly use digital channels to reach consumers. Growth in internet usage, smartphone adoption, social media engagement, e-commerce and online content consumption has created increasing demand for digital marketing services.
Businesses are also focusing more on measurable marketing campaigns, performance advertising, search engine optimisation, influencer marketing and social media engagement. This has created opportunities for agencies that can combine creative capabilities with data, technology and performance-oriented marketing solutions.
The growing use of video content, artificial intelligence, automation and digital analytics is also changing the way brands design and execute campaigns.
Integrated digital marketing agencies can benefit from the increasing requirement for businesses to manage multiple digital channels through specialised service providers. However, the sector remains competitive, with large advertising agencies, technology companies, specialised digital agencies and independent service providers competing for clients.
Business Strategy
Liqvd Digital India Limited focuses on strengthening its integrated digital marketing capabilities through organic and inorganic growth.
The company plans to use part of the IPO proceeds to acquire an additional 23.21% stake in AdLift Marketing Private Limited. This is intended to strengthen its presence in performance marketing, SEO and analytics.
The company also plans to establish a Full Scale Video Content Production Hub. The facility is expected to enhance its content creation and production capabilities and allow it to provide a wider range of multimedia services.
The company intends to use additional funds for incremental working capital requirements and inorganic growth through unidentified acquisitions and general corporate purposes.
Through service diversification, acquisitions, technology adoption and content-production capabilities, Liqvd Digital India aims to strengthen its position in India’s digital marketing and communication services industry.
Liqvd Digital India IPO Financial Information
A company’s financial performance provides insights into revenue generation, profitability, operating efficiency, asset position and financial stability. Liqvd Digital India’s FY2026 consolidated financial performance reflects significant growth following the expansion of its business and acquisition activities.
Liqvd Digital India Financial Summary
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue from Operations | ₹18.05 Crore | ₹24.87 Crore | ₹60.24 Crore |
| Total Income | ₹18.28 Crore | ₹25.03 Crore | ₹60.89 Crore |
| EBITDA | — | — | ₹11.26 Crore |
| Profit Before Tax | — | — | — |
| Profit After Tax | ₹1.90 Crore | ₹2.24 Crore | ₹8.03 Crore |
| Net Worth | ₹2.10 Crore | ₹19.39 Crore | ₹34.19 Crore |
| Total Borrowings | — | — | ₹9.79 Crore |
| Total Assets | ₹13.83 Crore | ₹33.33 Crore | ₹57.83 Crore |
FY2024 and FY2025 figures in the available financial information are presented on a standalone basis, while FY2026 figures are presented on a consolidated basis. Investors should therefore consider the change in reporting basis while comparing the financial performance across periods.
The company reported consolidated revenue from operations of ₹60.24 crore in FY2026 compared with ₹24.87 crore of standalone revenue from operations in FY2025. Consolidated profit after tax stood at ₹8.03 crore in FY2026.
The company’s net worth increased to ₹34.19 crore in FY2026, while total borrowings stood at ₹9.79 crore. The business reported EBITDA of ₹11.26 crore for FY2026.
Liqvd Digital India IPO Key Performance Indicators (KPIs)
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 25.36% |
| Return on Capital Employed (ROCE) | 44.05% |
| Return on Net Worth (RoNW) | 25.36% |
| EBITDA Margin | 18.69% |
| PAT Margin | 13.32% |
| Debt-to-Equity Ratio | 0.29 |
| EPS | ₹5.03 |
| NAV Per Share | ₹21.45 |
| Price to Book Value | 2.52 |
| Pre-IPO P/E | 10.74x |
| Post-IPO P/E | 14.96x |
The company’s FY2026 financial indicators show a ROCE of 44.05% and ROE of 25.36%. The debt-to-equity ratio was 0.29, while the EBITDA margin stood at 18.69% and PAT margin at 13.32%.
The company’s return ratios and profitability indicators should be assessed together with the nature of the digital marketing services industry, client concentration, employee costs, competitive intensity and the company’s future expansion requirements.
Objects of the Liqvd Digital India IPO
The company intends to utilise the net proceeds from the fresh issue for the following purposes:
| Object of the Issue | Amount |
|---|---|
| Acquisition of 23.21% stake in AdLift Marketing Private Limited | ₹9.00 Crore |
| Establishment of Full Scale Video Content Production Hub | ₹10.59 Crore |
| Incremental Working Capital Requirements | ₹6.57 Crore |
| Inorganic Growth through Unidentified Acquisitions and General Corporate Purposes | ₹10.98 Crore |
| Total | ₹37.14 Crore |
The Offer for Sale component will be received by the selling shareholder and will not form part of the company’s funds.
The fresh issue proceeds are intended to support the company’s expansion through acquisition, content-production infrastructure, working capital and future inorganic growth opportunities.
Liqvd Digital India IPO Listing Performance
The listing performance will reflect how Liqvd Digital India shares perform after they begin trading on the BSE SME platform.
| Particular | Value |
|---|---|
| Listing Exchange | BSE SME |
| Listing Date | 30 September 2026 |
| Issue Price | ₹54 Per Share |
| Listing Price | To be updated |
| Listing Gain | To be updated |
| Listing Gain (%) | To be updated |
The listing price, listing gain and listing gain percentage will be available after the shares commence trading on the exchange.
Liqvd Digital India IPO Subscription Status
The subscription figures indicate investor participation during the IPO bidding period. The issue is scheduled to open for subscription on 23 September 2026 and close on 25 September 2026.
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | To be updated |
| Non-Institutional Investors (NII) | To be updated |
| Retail Individual Investors (RII) | To be updated |
| Employee Category | Not Applicable |
| Total Subscription | To be updated |
The subscription figures will be updated after the IPO bidding begins. Final subscription data will be available after the issue closes.
Liqvd Digital India IPO Allotment Status
The basis of allotment for Liqvd Digital India IPO is scheduled for 28 September 2026. Investors who receive an allotment will have the shares credited to their demat accounts on 29 September 2026, while refunds are also scheduled to begin on 29 September 2026.
The final allotment status can be checked through the registrar’s IPO allotment portal after the basis of allotment has been finalised.
Liqvd Digital India IPO Review
Liqvd Digital India Limited operates in the expanding digital marketing and communication services industry and provides a broad portfolio of services ranging from creative development and social media management to media buying, SEO, performance marketing, influencer marketing, content production and technology solutions.
One of the key aspects of the company’s strategy is its integration of digital marketing capabilities with content production and performance marketing. The acquisition of AdLift Marketing has also strengthened the company’s capabilities in performance marketing, SEO and analytics.
The company reported consolidated revenue from operations of ₹60.24 crore and consolidated profit after tax of ₹8.03 crore in FY2026. Its EBITDA stood at ₹11.26 crore, while its EBITDA margin was 18.69%.
The IPO proceeds are primarily directed toward business expansion. The proposed acquisition of an additional 23.21% stake in AdLift Marketing, establishment of a Full Scale Video Content Production Hub and funding of working capital are intended to strengthen the company’s operating capabilities.
The company also operates in a highly competitive and rapidly changing industry. Digital marketing platforms, consumer behaviour, advertising technologies and content formats continue to evolve. Maintaining client relationships, attracting new clients, retaining skilled employees and keeping pace with technology will remain important for future performance.
Another factor investors should consider is the company’s exposure to its corporate promoter and client relationships. The company has generated a significant portion of its revenue from Concept Communication Limited, making customer and related-party concentration an important consideration.
Overall, investors should evaluate Liqvd Digital India IPO based on its financial performance, IPO valuation, business expansion plans, competitive environment, client concentration, dependence on skilled employees and the execution of its proposed use of funds.
Liqvd Digital India IPO Strengths
- Integrated digital marketing capabilities covering creative, media, technology and performance marketing services.
- Diversified service portfolio including social media management, SEO, influencer marketing, media buying, content creation and website development.
- Acquisition of AdLift Marketing has strengthened performance marketing, SEO and analytics capabilities.
- Presence in Mumbai and Gurgaon along with an in-house content production studio.
- Access to international business through AdLift Inc. in the United States.
- FY2026 consolidated financial performance showed revenue from operations of ₹60.24 crore and profit after tax of ₹8.03 crore.
- Healthy FY2026 ROCE of 44.05% and ROE of 25.36%.
- Proposed investment in a Full Scale Video Content Production Hub may strengthen content-production capabilities.
Liqvd Digital India IPO Risk Factors
- The digital marketing industry is highly competitive and includes large agencies, specialised agencies and technology-driven competitors.
- A significant portion of revenue is derived from certain major clients, including Concept Communication Limited, creating customer concentration risk.
- The business depends heavily on skilled creative, marketing, technology and digital professionals.
- Changes in digital platforms, algorithms, advertising technologies and consumer behaviour may affect service demand and campaign performance.
- The company operates in a rapidly evolving industry where continued technology investment is required.
- The proposed expansion projects and acquisitions involve execution and integration risks.
- A portion of the IPO proceeds is proposed for unidentified acquisitions, making the timing and nature of future acquisitions uncertain.
- The company’s future performance may be affected by changes in advertising spending and overall economic conditions.
Liqvd Digital India IPO Promoters
Liqvd Digital India Limited is promoted by Arnab Mitra, Ashish Motilal Jalan, Vivek Suchanti and Concept Communication Limited.
The promoters have experience in advertising, communication, digital marketing and business management. Concept Communication Limited is associated with the company’s business network and has been an important source of revenue for the company.
Liqvd Digital India IPO Promoters Details
| Promoter | Designation / Status |
|---|---|
| Arnab Mitra | Promoter |
| Ashish Motilal Jalan | Promoter |
| Vivek Suchanti | Promoter |
| Concept Communication Limited | Corporate Promoter |
The promoter shareholding before the IPO is reported at 79.61%, while the post-issue promoter holding is expected to reduce to approximately 52.95%.
Liqvd Digital India IPO Management Team
The company is led by a management team with experience in digital marketing, advertising, communication, finance and corporate operations.
| Name | Designation |
|---|---|
| Arnab Mitra | Chairman & Managing Director |
| Monish Suresh Sanghavi | Whole-time Director |
| Sunil Jagdish Gangras | Whole-time Director |
| Anasuya Chaudhuri Ghosh | Independent Director |
| Satish Inani | Independent Director |
| Ashish Motilal Jalan | Non-Executive Director |
The management team is responsible for overseeing the company’s digital marketing operations, strategic expansion, client relationships, financial management and corporate governance.
Liqvd Digital India IPO Registrar Details
The registrar is responsible for processing IPO applications, finalising the basis of allotment, handling refunds and crediting shares to successful applicants.
| Particular | Details |
|---|---|
| Registrar Name | Bigshare Services Private Limited |
| Website | https://www.bigshareonline.com |
| IPO Allotment Status | https://ipo.bigshareonline.com/IPO_Status.html |
| Email ID | [email protected] |
| Contact Number | 8657578989 / 8069219065 / 8069219060 |
Liqvd Digital India IPO Lead Manager Details
The Book Running Lead Manager is responsible for managing the IPO process, coordinating the issue-related activities and assisting the company throughout the public offering.
| Particular | Details |
|---|---|
| Lead Manager | Indorient Financial Services Limited |
Liqvd Digital India Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Liqvd Digital India Limited |
| Registered / Corporate Office | B-206, Second Avenue, CTS No. 17/2A/1, Subhash Nagar, Village Vyarvail MIDC, Andheri East, Chakala MIDC, Mumbai, Maharashtra – 400093 |
| Website | https://liqvd.asia/ |
| Email ID | [email protected] |
| Contact Number | +91 22 4322 6262 |
How to Check Liqvd Digital India IPO Allotment Status
Investors can check the Liqvd Digital India IPO allotment status after the basis of allotment has been finalised through the registrar’s website.
Through Bigshare Services Private Limited
- Visit the official Bigshare IPO allotment portal.
- Select Liqvd Digital India IPO from the IPO list.
- Select PAN Number, Application Number or DP/Client ID.
- Enter the required details.
- Complete the verification process if required.
- Click Submit to view the allotment status.
Investors can also check their demat account and bank account after the scheduled credit and refund dates to confirm the final outcome of their IPO application.
Liqvd Digital India IPO Conclusion
Liqvd Digital India IPO provides an opportunity to participate in the public offering of a digital marketing and media solutions company operating across creative, media, technology and performance marketing services.
The company has expanded its capabilities through its acquisition of AdLift Marketing and intends to use IPO proceeds for acquiring an additional stake in AdLift Marketing, establishing a Full Scale Video Content Production Hub, meeting incremental working capital requirements and supporting future inorganic growth.
The company reported consolidated revenue from operations of ₹60.24 crore and profit after tax of ₹8.03 crore in FY2026. Its FY2026 financial indicators included a ROCE of 44.05%, ROE of 25.36%, EBITDA margin of 18.69% and PAT margin of 13.32%.
At the same time, investors should consider the competitive nature of digital marketing, dependence on skilled employees, client concentration, changes in digital advertising technologies and the execution risks associated with acquisitions and expansion projects.
A detailed evaluation of the company’s financial performance, IPO valuation, business strategy, industry outlook, client relationships and future growth plans can help investors assess whether Liqvd Digital India IPO fits their investment objectives.
Liqvd Digital India IPO FAQs
What is Liqvd Digital India IPO?
Liqvd Digital India IPO is a BSE SME Book Built public issue of Liqvd Digital India Limited. The issue comprises a fresh issue and an Offer for Sale by an existing shareholder.
What is the price band of Liqvd Digital India IPO?
The price band of Liqvd Digital India IPO is ₹51 to ₹54 per equity share.
What is the issue size of Liqvd Digital India IPO?
The total issue size is ₹39.01 crore, comprising a fresh issue of ₹34.14 crore and an Offer for Sale of 9.02 lakh equity shares aggregating up to ₹4.87 crore at the upper price band.
When will the Liqvd Digital India IPO open?
The Liqvd Digital India IPO will open for subscription on 23 September 2026.
When will the Liqvd Digital India IPO close?
The IPO will close for subscription on 25 September 2026.
What is the lot size of Liqvd Digital India IPO?
The market lot size is 2,000 equity shares. Individual investors are required to apply for a minimum of two lots, or 4,000 shares.
What is the minimum investment required for Liqvd Digital India IPO?
At the upper price band of ₹54 per share, the minimum individual investor application is ₹2,16,000 for 4,000 shares.
On which stock exchange will Liqvd Digital India shares be listed?
The equity shares are proposed to be listed on the BSE SME platform.
Who is the registrar for Liqvd Digital India IPO?
Bigshare Services Private Limited is the registrar to the Liqvd Digital India IPO.
What does Liqvd Digital India Limited do?
Liqvd Digital India Limited provides digital marketing and media solutions, including creative content, social media management, media planning and buying, influencer marketing, SEO, performance marketing, content production, website development and application development.
What are the objectives of the Liqvd Digital India IPO?
The fresh issue proceeds are proposed to be used for acquiring an additional 23.21% stake in AdLift Marketing Private Limited, establishing a Full Scale Video Content Production Hub, funding incremental working capital requirements, and supporting inorganic growth and general corporate purposes.
What is the GMP of Liqvd Digital India IPO?
The latest available pre-issue GMP indication is ₹0. GMP is an unofficial market indicator and can change before the IPO listing.
