Liqvd Digital India IPO Details
Issue Date
23 Sep - 25 Sep'26
Price Band
₹51 - ₹54
Lot Size
2000 Shares
IPO Size
₹39 Cr
Listing At
BSE
Overall Subscription
3.88x
Liqvd Digital India IPO Listing Details
Listing On
30 Sep'26
Issue Price
₹54
Listed Price
₹ 53.73
Retail Gain/Listing Gain
-0.50%Decrease
Schedule of Liqvd Digital India IPO
IPO Open Date
23/09/2026
IPO Close Date
25/09/2026
Basis of Allotment
28/09/2026
Refund Initiation
29/09/2026
Credit of Shares
29/09/2026
Listing on exchange
30/09/2026
Liqvd Digital India IPO Subscription Status Live
(Last updated on 25 Sep 2026 02:45 PM)
Day | Total | QIB | Retail | NII |
|---|---|---|---|---|
Day 1 23-Sep-2026 | 0.98x | 1x | 0.04x | 3.49x |
Day 2 24-Sep-2026 | 1.22x | 1x | 0.2x | 4.31x |
Day 3 25-Sep-2026 | 3.88x | 1x | 0.83x | 16.4x |
About Liqvd Digital India IPO
The Liqvd Digital India IPO, an SME IPO, opens on Wednesday, September 23, 2026 and closes on Friday, September 25, 2026. The allotment of shares will take place on Monday, September 28, 2026. The listing of shares will take place on Wednesday, September 30, 2026.
The equity shares offered through the IPO are proposed to be listed on BSE SME. Liqvd Digital India IPO's price band is set at ₹51 to ₹54 per share. The lot size for an application is 2,000 Shares. The minimum amount of investment required by a retail investor is ₹2,16,000.
The offer consists of both a fresh issue and an offer for sale component. 63.22 lakh shares aggregating to ₹34.14 crores and offer for sale of 9.02 lakh shares aggregating to ₹4.87 crore.
The company is engaged in the business of digital marketing focusing on social media marketing, mobile marketing, localized services, and providing creative solutions against commission or retainer-based commercial arrangements.
Objectives of Liqvd Digital India IPO
- Funding of purchase consideration for acquisition of 23.21% stake in AdLift Marketing Private Limited.
- Funding capital expenditure, operating expenditure and other expenditure to be incurred for establishment of a Full-Scale Video Content Production Hub.
- General corporate purposes.
Liqvd Digital India IPO Valuation
Detail | Information |
|---|---|
Upper Price Band | ₹54 |
Fresh Issue | 63,22,000 shares (agg. up to ₹34 Cr) |
Offer for Sale | 9,02,000 shares of ₹5 (agg. up to ₹5 Cr) |
EPS Diluted (in ₹) for FY26 | 4.39 |
IPO Lot Size
Application | Lots | Shares | Amount |
|---|---|---|---|
Individual investors (IND) (Min) | 2 | 4000 | ₹2,16,000 |
Individual investors (IND) (Max) | 2 | 4000 | ₹2,16,000 |
S-HNI (Min) | 3 | 6000 | ₹3,24,000 |
S-HNI (Max) | 9 | 18000 | ₹9,72,000 |
B-HNI (Min) | 10 | 20000 | ₹10,80,000 |
Share Offer and Subscription Details
Investor Category | Shares Offered |
|---|---|
QIBs | Not more than 50% of the net offer |
Non-institutional Investors (NIIs) | Not less than 15% of the net offer |
Retail-individual Investors (RIIs) | Not less than 35% of the net offer |
Industry Outlook
The Indian Creative Media & Digital Marketing industry spans branding, advertising, content creation, and digital strategy across platforms like social media, search, video, and print.
The industry encompasses performance marketing, SEO/SEM, social media, influencer campaigns, and content strategy across digital platforms, driven by rising digital and mobile penetration.
Artificial Intelligence is increasingly being integrated into digital campaigns in India, assisting with faster decision-making, better product suggestions, and improved user support.
About Liqvd Digital India Limited
Liqvd Digital India is a creative-first agency offering end-to-end digital marketing solutions, including content creation and production, media buying, content marketing, and performance reporting.
Following the acquisition of AdLift Marketing Private Limited, the Company has expanded its capabilities to include performance monitoring, search engine optimization (SEO), and AI-driven content creation.
The Company serves a broad client base ranging from large enterprises, mid-sized brands, to direct-to-consumer startups, operating across major cities in India.
Strengths of Liqvd Digital India
- Full Service digital marketing solutions from performance media buying to creative content creation, influencer marketing, Search Engine Optimization & Performance Marketing.
- Experienced promoters and management team with strong domain expertise, supported by a well-trained and skilled workforce.
- A diversified and loyal client portfolio, spanning multiple industries and verticals.
- In-house technology and optimized operational workflows to deliver scalable, data-driven campaigns with precision and speed.
Risks of Liqvd Digital India
- The company continues to derive a material portion of its revenues from its top 10 clients by revenue generated in each of the Fiscals.
- The company’s Registered Office is situated in Maharashtra and it derives a significant portion of its revenue from the state of Maharashtra, making it vulnerable to geographical concentration risk.
- The company has had negative cash flows from operating activities and investing activities in the past and may, in the future, experience similar negative cash flows.
- There have been instances of delays in and non-payment of statutory dues by the company.
Liqvd Digital India Financials
Year | Year Data |
|---|---|
FY24 | 18.05 |
FY25 | 24.87 |
FY26 | 60.24 |
Peer Comparison
Company Name | Revenue from Operations (Cr) | P/E (times) | EPS (Diluted) (₹) | NAV per share (₹) |
|---|---|---|---|---|
Liqvd Digital India Limited | 60.24 | - | 4.39 | 21.45 |
R K Swamy Limited | 340.75 | 22.37 | 4.38 | 104.71 |
Vertoz Limited | 291.86 | 11.75 | 3.06 | 27.35 |
AdCounty Media India Limited | 86.11 | 8.08 | 9.65 | 47.53 |
Yaap Digital Limited | 184.89 | 11.40 | 12.10 | 51.82 |
IPO Registrar and Book Running Lead Managers
Registrar Details
Bigshare Services Private Limited
Email: ipo@bigshareonline.com
Phone: +91 22 6263 8200
Book Running Lead Manager
Indorient Financial Services Limited
Liqvd Digital India Contact Details
B-206, Second Avenue CTS No 17/2A/1 Subhash Nagar, Village Vyarvail MIDC,
Andheri East, Chakala MIDC, Mumbai 400093, Maharashtra, India.
Email: compliance@liqvd.asia
Tel: +91 22 4322 6262
Liqvd Digital India Business Model
The Company operates through four primary business verticals: Media, Retainer, Project, and Production, generating revenues through a mix of media commissions, monthly recurring retainers, project fees, and production charges.
Liqvd Digital India Growth Trajectory
Liqvd Digital India Limited's Total Income for FY26 was ₹60.89 crore, whereas in FY25 and FY24 it was ₹25.03 crore and ₹18.28 crore, respectively.
The Profit After Tax for FY26 was ₹6.79 crore, whereas in FY25 and FY24 it was ₹2.25 crore and ₹1.9 crore, respectively.
Their EBITDA for FY26 was ₹11.26 crore, whereas in FY25 and FY24 it was ₹3.93 crore and ₹3.81 crore, respectively.
Liqvd Digital India Market Position
The Company serves a broad client base ranging from large enterprises, mid-sized brands, to direct-to-consumer startups, operating across major cities in India. As of 31 March 2026, the company's Total Income, Profit After Tax, and EBITDA were ₹60.89 crore, ₹6.79 crore, and ₹11.26 crore, respectively.
Liqvd Digital India Profit and Loss Statement (in ₹ crore)
Parameter | FY 26 | FY 25 | FY 24 |
|---|---|---|---|
Total Income | 60.89 | 25.03 | 18.28 |
Profit Before Tax | 10.51 | 3.21 | 3.21 |
Profit After Tax | 6.79 | 2.25 | 1.9 |
EPS (Diluted) ₹ | 4.39 | 1.84 | 2.23 |
EBITDA | 11.26 | 3.93 | 3.81 |
Liqvd Digital India Balance Sheet (in ₹ crore)
Parameter | FY 26 | FY 25 | FY 24 |
|---|---|---|---|
Profit Before Tax | 10.51 | 3.21 | 3.21 |
Net Cash from Operating Activities | 1.52 | (0.46) | 1.4 |
Net Cash from Investing Activities | (12.64) | (0.55) | 0.04 |
Net Cash from Financing Activities | (2.28) | 13.87 | 0.97 |
Cash & Cash Equivalents | 2.63 | 16.04 | 3.18 |
Note: () denotes negative
How to apply for Liqvd Digital India IPO?
- Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
- Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
- Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
- Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.
Liqvd Digital India IPO FAQs
The Liqvd Digital India IPO opens for subscription from 23-09-2026 to 25-09-2026, with a total issue size of ₹39 Cr. The IPO price band is ₹51 to ₹54 per share with a lot size of 4000. The company aims to list the shares on BSE & NSE on 30-09-2026.
The Liqvd Digital India IPO will open for subscription on 23-09-2026 and will close on 25-09-2026 for investors.
The lot size of Liqvd Digital India IPO is 4000 equity shares, requiring a minimum investment of ₹108000/2 Lots for retail investors applying in the IPO.
The price band of the Liqvd Digital India IPO has been fixed at ₹51 to ₹54 per equity share.
You can apply for the Liqvd Digital India IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Liqvd Digital India IPO allotment will take place on 28-09-2026.
You can check the Liqvd Digital India IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Liqvd Digital India shares will list on the stock exchanges on 30-09-2026.
You can find detailed information about the Liqvd Digital India IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).
Mr. Arnab Mitra is the Chief Executive Officer of Liqvd Digital India Limited.
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This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed SEBI prescribed limit. The securities are quoted as an example and not as a recommendation. SEBI Registration No-INZ000200137 Member Id NSE-08081; BSE-673; MSE-1024, MCX-56285, NCDEX-1262.










