SME
IPO ·
BSE SME
Liqvd Digital India Ltd
Listed
Digital marketing agency offering media buying, content, influencer marketing, SEO and web/app development.
Issue details
Price band
₹51 – ₹54
Face value
₹5
Lot size
2,000 shares
Minimum investment
₹2,16,000
Issue size
₹39.01 Cr
Fresh issue
₹34.14 Cr
Offer for sale
₹4.87 Cr
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
23 Sep 2026
Closes
25 Sep 2026
UPI mandate cut-off
5:00 PM on 25 Sep 2026
Allotment
28 Sep 2026
Refunds
29 Sep 2026
Shares in demat
29 Sep 2026
Listing
30 Sep 2026
Subscription and listing
Subscription
5.46x
Listing price
₹53.73
Registrar
Bigshare Services Pvt Ltd
Lead manager
Indorient Financial Services Ltd
Subscription by category
Total
5.46x
Total applications
2,943
Listing day
Issue price
₹54
Open
₹53.73
High
₹53.73
Low
₹51.05
Day close
₹51.05
Listing gain at open
-0.50%
Issue structure
Shares reserved per category and share of the total issue
QIB
20,54,000
28.43%
NII
10,30,000
14.26%
bNII > ₹10L
6,88,000
9.52%
sNII < ₹10L
3,42,000
4.73%
Retail
37,76,000
52.27%
Market Maker
3,64,000
5.04%
Total
72,24,000
100.00%
Finaccle’s quick read
Neutral
FY26 consolidated PAT of ₹8.03 Cr with ROE of 25.36%, D/E of 0.29 and post-issue P/E of 14.96 look fine, but PAT was only ₹2.25 Cr standalone in FY25, so the jump is partly acquisition-driven and hard to compare.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Liqvd Digital India is a digital marketing and media agency with offices in Mumbai and Gurgaon and an in-house production studio in Mumbai. It handles social media, media planning and buying, influencer and performance marketing, SEO, content production and web or app development for brands across industries. It also has a US presence through its link with AdLift Inc., and reported consolidated total income of ₹60.89 Cr in FY26.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
25.36%
ROCE
44.05%
Debt / equity
0.29
PAT margin
13.32%
P/E post issue
14.96
Market cap
₹120.22 Cr
Use of IPO money
Acquisition of stake in AdLift Marketing Pvt Ltd
₹9.00 Cr
Video content production hub
₹10.59 Cr
Incremental working capital
₹6.57 Cr
Inorganic growth and general corporate purposes
₹4.63 Cr
Issue expenses
₹3.83 Cr
Strengths
✓
End-to-end digital marketing and content production capability
✓
Low leverage with debt/equity of 0.29
✓
Diversified client base across industries
✓
US presence through AdLift association
Risks to watch
!
FY26 consolidated jump not comparable with standalone FY25 figures
!
Promoter stake falls to 51.83% post-issue
!
Part of proceeds funds an acquisition, adding integration risk
!
Agency business depends on client ad budgets
!
Listed at a discount and later traded well below issue price
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.