Liqvd Digital India Limited IPO
Closed23–25 Sep 2026
The five questions
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1How it makes money₹55 of every ₹100 of sales comes from its "Revenue from Retainer" segment. ₹70 of every ₹100 comes from Other States (India) and Export.
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2Is it growing, and is profit turning into cash?Sales grew 3.3x from 2024 to 2026 (₹18.1 cr → ₹60.2 cr).
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3How much cushion does it have?We haven't read this part of the document yet.
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4What you pay, and who gets the moneyOf every ₹100 raised, ₹12 goes to existing shareholders selling. At ₹54 you pay about ₹12 for every ₹1 of last year's profit.
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5Who controls it, and what is on record?Promoters own 78% before the IPO. The document discloses 2 legal matters.
Latest update:
Subscribed 5.35× (QIB 1.0× · NII 28.4× · Retail 1.4×) · Price band ₹51–₹54 · Closed 25 Sep 2026 · Allotment 28 Sep 2026 (Confirmed) · Lists 30 Sep 2026 (Expected)
What Liqvd Digital India Limited does
Our Company (Founded in 2013) is positioned as a creative-first agency offering end-to-end marketing solutions. Our broad service offering includes content creation and production, media buying, content marketing and performance reporting. Additionally, through our acquisition of AdLift Marketing Private Limited we now offer additional services like Performance monitoring and SEO, and AI-driven Content Creation thus becoming a one stop solution for our clients.
Liqvd Digital India Limited financials
Rs crore · AnnualLatest year highlighted in green. Sparklines show the trend.
| 2024 | 2025 | 2026 | ||
|---|---|---|---|---|
| Sales | 18 | 25 | 60 | |
| Operating Profit | — | — | — | |
| OPM % | — | — | — | |
| Net Profit | — | — | — | |
| Total Debt | 6 | 9 | 10 |
Liqvd Digital India Limited IPO offer structure
Total: ₹39 cr. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.
Issue size and split come from a public aggregator rather than the exchange, cross-checked against a second one. The offer document states the offer-for-sale as a share count against a blank amount, so it cannot be read from the document itself.
Use of proceeds- Funding of purchase consideration for acquisition of 23.21% stake in AdLift Marketing Private Limited: ₹9 cr
- Funding capital expenditure, operating expenditure and other expenditure to be incurred for establishment of a Full-Scale Video Content Production Hub ('Full Scale VCP Hub'): ₹11 cr
- Funding our incremental working capital requirements: ₹7 cr
- Funding inorganic growth through unidentified acquisitions and general corporate purposes
Liqvd Digital India Limited promoters and holding
- Mr. Arnab Mitra: Chairman and Managing Director
- Mr. Ashish Motilal Jalan: Non-Executive Director
- Mr. Vivek Suchanti: Promoter
- M/s Concept Communication Limited: Corporate Promoter
Liqvd Digital India Limited strengths and risks
Company-stated strengths and disclosed risk factors from the offer document.
- Full Service digital marketing solutions from performance media buying to creative content creation, influencer marketing, Search Engine Optimization & Performance Marketing. (p.231)
- Experienced promoters and management team with strong domain expertise, supported by a well-trained and skilled workforce. (p.231)
- A diversified and loyal client portfolio, spanning multiple industries and verticals. (p.232)
- In-house technology and optimized operational workflows to deliver scalable, data-driven campaigns with precision and speed. (p.232)
- We continue to derive a material portion of our revenues from our Corporate Promoter - Concept Communication Limited. (p.30)
- We continue to derive a material portion of our revenues from our top 10 clients by revenue generated. (p.31)
- Our Registered Office is situated in Maharashtra and we derive a significant portion of our revenue from state of Maharashtra, making us vulnerable to geographical concentration risk. (p.31)
- We have had negative cash flows from operating activities and investing activities in the past and may, in the future, experience similar negative cash flows. (p.32)
- There are certain instances of delays in and non-payment of statutory dues by us. (p.33)
Liqvd Digital India Limited peer comparison: DRHP median P/E 11.6x
DRHP data only| Company | CMP | P/E | OPM% | ROE% | Source |
|---|---|---|---|---|---|
| R K Swamy Limited | — | 22.4x | — | — | DRHP |
| Vertoz Limited | — | 11.8x | — | — | DRHP |
| AdCounty Media India Limited | — | 8.1x | — | — | DRHP |
| Yaap Digital Limited | — | 11.4x | — | — | DRHP |
P/E from offer document where live data unavailable. Not a fair-value judgement.
Liqvd Digital India Limited market and competition
Within the landscape, our Company (Founded in 2013) is positioned as a creative-first agency offering end-to-end marketing solutions. Following the acquisition of Adlift, the agency has expanded its capabilities to include performance monitoring, SEO, and AI-driven content creation, positioning itself as a one-stop solution for clients seeking integrated marketing services.
Liqvd Digital India Limited outlook, as the document states it
Our Company plans to grow its business by employing the following principal strategies: Investing in technology, AI and automation to enhance efficiency and drive growth; Scaling content creation through upgraded in-house production capabilities; and Enhancing growth via strategic investments and partnerships.
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Liqvd Digital India Limited IPO: common questions
When does the Liqvd Digital India Limited IPO open and close?
The Liqvd Digital India Limited IPO is open from 23 Sep 2026 to 25 Sep 2026.
What is the Liqvd Digital India Limited IPO price band?
The price band is ₹51–₹54 per share.
What is the lot size and minimum investment for the Liqvd Digital India Limited IPO?
One lot is 2000 shares, and a retail application must be at least one lot. That is about ₹2,16,000 at the upper end of the band. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category.
How much is the Liqvd Digital India Limited IPO subscribed?
As of 26 Sep 2026 the total subscription is 5.35×.
When are the Liqvd Digital India Limited IPO allotment and listing dates?
Allotment is on 28 Sep 2026, as published. The listing date follows once the exchange confirms it.
How do I check the Liqvd Digital India Limited IPO allotment status?
On the allotment status page published by Bigshare Services, this issue's registrar, and on the exchange's basis of allotment. Those are the primary sources. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. We do not hold allotment data and cannot look yours up. How allotment is actually decided →
Sources & method
Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.
Grey-market premium (GMP) is unregulated.
Every GMP figure is a self-reported grey-market estimate. No exchange, regulator or clearing body records or audits it, and there is no settlement guarantee or recourse. Shown for context only; never decide on GMP alone. New to GMP? The 30-second explainer → Has GMP actually been right? →
How often do these actually open above the issue price?
Of the 712 SME IPOs that have listed on the NSE since 2016, 564 (79%) opened above their issue price, at a median of +11%. That is the segment's own record, not a forecast for this issue.
Liqvd Digital India Limited IPO allotment status
Allotment is on 28 Sep 2026, as published. Allotment is decided and published by the registrar, not by us. This issue's registrar is Bigshare Services.
Check your allotment on the registrar's own page ↗
We do not hold allotment data and cannot look yours up. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. How allotment is actually decided →