Summary
The Liqvd Digital India IPO is an SME book-built IPO, scheduled to open on 23 September 2026 and close on 25 September 2026.
The tentative listing of the IPO shares is fixed on 30 September 2026 on the BSE SME platform.
The lot size and price band of the IPO shares are yet to be declared.
Liqvd Digital India IPO is a book-building SME IPO fixed to open on 23 September 2026 and close on 25 September 2026 for subscription. The company plans to list its equity shares on the BSE SME platform, with the tentative listing date set for 30 September 2026. It is issuing approximately ₹34.14 crore of fresh shares and offers for sale of 9,02,000 shares. The IPO comprises a fresh issue of shares and an Offer for Sale (OFS), while the final price band and lot size are yet to be announced.
Liqvd Digital India IPO Key Details
The table below presents the essential details investors should know before applying for the Liqvd Digital India IPO.
| IPO Open Date | 23 September 2026 |
| Close Date | 25 September 2026 |
| Face value | ₹5 per share |
| Issue Price | – |
| IPO Lot Size | – |
| Fresh issue | ₹34.14 crores |
| Offer for Sale | 9,02,000 shares |
| Type of issue | Book-building IPO |
| Listing at | BSE SME |
| Total Issue Size (₹ Crore) | – |
| Minimum Investment | – |
Liqvd Digital India IPO Timeline
Below is the complete schedule of events for the Liqvd Digital India IPO.
| Bid Opening | 23 September 2026 |
| Bid Closing | 25 September 2026 |
| Tentative Allotment | 28 September 2026 |
| Initiation of Refunds | 29 September 2026 |
| Credit of Shares to Demat | 29 September 2026 |
| Tentative Listing Date | 30 September 2026 |
| UPI mandate closing date | 25 September 2026 |
Key Performance Indicators of Liqvd Digital India IPO
These financial ratios highlight the company’s profitability, capital efficiency, and overall financial performance over the past three financial years.
| 31-03-2026(Consolidated) | 31-03-2025(Standalone) | 31-03-2024(Standalone) | |
| ROE (%) | 25.36 | 20.92 | 294.36 |
| ROCE (%) | 44.05 | 14.09 | 47.39 |
| Debt Equity (in times) | 0.29 | 0.45 | 2.94 |
| RoNW (%) | 25.36 | 20.92 | 294.36 |
| PAT Margin (%) | 13.32 | 9.04 | 10.54 |
| EBITDA margin (%) | 18.69 | 15.81 | 21.11 |
| Price to book |
Liqvd Digital India IPO Financial Details
The Financial information of the Liqvd Digital India IPO is as follows.
| FY 2025-2026 | FY 2024-2025 | FY 2023-2024 | |
| Revenue | 60.24 | 24.87 | 18.05 |
| Total Asset | 57.83 | 33.33 | 13.82 |
| Profit | 8.03 | 2.24 | 1.90 |
(Amount in ₹ Crores)
Liqvd Digital India IPO Subscription Status
The subscription data will be available once bidding begins.
Bidding is open from 10:00 AM to 5:00 PM on public issue days.
Liqvd Digital India IPO Grey Market Premium (GMP)
The current status of the Grey Market Premium for the Liqvd Digital India IPO shows a GMP of ₹0.
| GMP Date | IPO Price | GMP | Est. Listing Price | Est. Gain | Last updated |
| 18-09-2026 | ₹ | ₹0 | ₹ | 0.00% | 18-09-2026, 5:55 |
GMP is the premium value of the IPO share in the unofficial market before it opens for subscription.
Liqvd Digital India IPO Reservation
The following table shows the distribution of shares reserved for retail investors, QIBs, and NIIs under the IPO.
| Investor Category | Offered Shares |
| QIB | Not more than 50% of the net offer |
| NIIs | Not less than 15% of the net offer |
| Retails | Not less than 35% of the net offer |
| Total | 100% |
Liqvd Digital India IPO Prospectus
Investors can access the offered prospectus for the Liqvd Digital India IPO mentioned below.
About Liqvd Digital India Ltd.
Liqvd Digital India Limited is a digital marketing company that provides services such as performance marketing, media buying, creative content, influencer marketing, search engine optimisation and other digital marketing solutions. The company was incorporated in 2013 and was converted from a private company into a public limited company in 2025. Its registered office is in Mumbai, Maharashtra, and it also has operations in other locations. The company follows an integrated model that combines creative services, media, technology and performance marketing for its clients.
The company operates across media, retainer, project and production verticals. It serves businesses across different sectors and also has an in-house content production setup.
Promoters:
- Arnab Mittra
- Ashish Motilal Jalan
- Vivek Suchanti
- Concept Communication Ltd.
| Book Runner | Indorient Financial Services Ltd. |
| Issue Registrar | Bigshare Services Pvt. Ltd. |
Purpose of Liqvd Digital India IPO
The company intends to deploy the funds raised through this public issue toward specific operational and strategic goals, as detailed in the table below.
| Particulars | Est. Amount in ₹ Crores |
| Funding for acquisition of stake in AdLift Marketing Pvt. Ltd. | 9.00 |
| For capital requirements for establishment of a Full Scale Video Content Production Hub | 10.59 |
| For working capital requirements | 6.57 |
| Funding organic growth through unidentified acquisitions and general corporate purposes | – |
| Total | – |
Liqvd Digital India Ltd.- Strengths and benefits
- Digital Market Offering: Liqvd Digital India provides multiple digital marketing services under one platform, including media buying, creative content creation, influencer marketing, SEO and performance marketing. This allows the company to cater to different digital marketing requirements of its clients.
- In-house Technology Capabilities: Liqvd Digital India uses in-house technology and operational workflows for its marketing activities. It also plans to establish a ‘Full Scale Video Content Production Hub’, which is expected to expand its content production capabilities.
Liqvd Digital India Ltd- Risks and limitations
- Dependence on Top Customers: A significant portion of the company’s revenue comes from its top 10 clients. The company derived 52.12% of its revenue from these clients in FY2026, compared with 85.95% in FY2025 and 73.46% in FY2024. The loss or reduction in business from major clients could therefore affect its revenue and financial performance.
- Geographic Concentration: The company has a significant revenue concentration in Maharashtra. Revenue from Maharashtra accounted for 29.58% of revenue in FY2026, compared with 80.82% in FY2025 and 70.80% in FY2024. Any adverse development affecting its operations in the state could affect its business.
- Concept Communication: Concept Communication Ltd. contributes a significant portion of its revenue, which is also its corporate promoter. In FY2026, it contributed 12.62% of consolidated revenue. Therefore, a reduction in business from Concept Communication could affect the company’s revenue and cash flows.
Liqvd Digital India IPO Review
Liqvd Digital India IPO is a book-built issue that is scheduled to open on September 23, 2026 and close on September 25, 2026. The IPO includes a fresh issue of ₹34.14 crore and an Offer for Sale of 9,02,000 shares, with the shares proposed to be listed on the BSE SME platform. The company has set a face value of ₹5 per share, while the price band, lot size and minimum investment are yet to be announced. The tentative allotment date is September 28, 2026, followed by demat credit and refunds on September 29, 2026, while the shares are scheduled to list on September 30, 2026.
Other recent IPO List
Explore the listing information of other currently active and upcoming public issues in India.
| SS Retail IPO | Kheria Autocop IPO |
| Robokidz Eduventures IPO | A-One Steels India IPO |
| S.K. Offset IPO | FX Multitech IPO |
| Vama Wovenfab IPO | Shakti Polytarp IPO |
Liqvd Digital India IPO FAQs
Liqvd Digital India IPO is a book-built SME public issue of Liqvd Digital India Limited. The IPO comprises a fresh issue and an Offer for Sale and is proposed to be listed on the BSE SME platform.
Investors can apply for the IPO through a registered stockbroker or other permitted IPO application channels during the bidding period. The application process and required lot size will depend on the final IPO details announced by the company.
The IPO has both business opportunities and risks. The company has reported growth in revenue and profit and plans to expand its digital marketing and content production capabilities. However, investors should also consider its client concentration, dependence on key industries, competition, cash-flow history and risks related to its proposed expansion.
The Liqvd Digital India IPO is scheduled to open on 23 September 2026 and close on 25 September 2026.
The lot size has not yet been disclosed in the available IPO details. It is expected to be announced along with the final price band.
The tentative allotment date for the Liqvd Digital India IPO is 28 September 2026. Refunds and credit of shares to eligible investors’ demat accounts are scheduled for 29 September 2026.
The shares are tentatively scheduled to list on the BSE SME platform on 30 September 2026.
