Liqvd Digital India IPO

Incorporated in 2013, Liqvd Digital India Limited is a digital marketing and media solutions company providing brands with services to build their online presence, reach target audiences and support business growth. Its offerings include social media management, media planning and buying, online reputation management, creative content production, influencer marketing, SEO, performance marketing, and web and app development. The company serves large enterprises, mid-sized companies and direct-to-consumer brands across sectors including IT and communications, FMCG, logistics, financial services, manufacturing and healthcare. It operates through offices in Mumbai and Gurgaon, supported by an in-house Mumbai studio for content production. Through its association with AdLift Inc., the company also has access to the US market.

Liqvd Digital India Limited IPO Overview

Liqvd Digital India IPO is a bookbuilding issue of ₹39.01 crore comprising a fresh issue of 63.22 lakh shares aggregating to ₹34.14 crore and an offer for sale of 9.02 lakh shares aggregating to ₹4.87 crore. The IPO will open for subscription on 23 September 2026 and close on 25 September 2026. The tentative allotment date is 28 September 2026, followed by refund initiation and credit of shares to demat accounts on 29 September 2026. The shares are proposed to list on the BSE SME platform on 30 September 2026. The price band is fixed at ₹51 to ₹54 per share, with a lot size of 2,000 shares. Individual investors must apply for a minimum of two lots, or 4,000 shares, requiring ₹2,16,000 at the upper price band. HNI investors require a minimum of three lots, or 6,000 shares, amounting to ₹3,24,000. Indorient Financial Services Ltd. is the book running lead manager, Bigshare Services Pvt. Ltd. is the registrar and Shreni Shares Ltd. is the market maker.

Liqvd Digital India Limited IPO Details

Particulars	Details
IPO Date	23 to 25 September 2026
Listing Date	30 September 2026
Face Value	₹5 per share
Issue Price Band	₹51 to ₹54 per share
Lot Size	2,000 Shares
Total Issue Size	72,24,000 shares (aggregating up to ₹39.01 Cr)
Fresh Issue	63,22,000 shares (aggregating up to ₹34.14 Cr)
Offer for Sale	9,02,000 shares (aggregating up to ₹4.87 Cr)
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Share Holding Pre Issue	1,59,41,177 shares
Share Holding Post Issue	2,22,63,177 shares

Liqvd Digital India Limited IPO Reservation

Investor Category	Shares Offered
QIB	Up to 30% of the Net Offer
Retail	Not less than 35% of the Net Offer
NII (HNI)	Not less than 35% of the Net Offer

Liqvd Digital India Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail / Individual Investors (Min)	2	4,000	₹2,16,000
Retail / Individual Investors (Max)	2	4,000	₹2,16,000
S-HNI (Min)	3	6,000	₹3,24,000
S-HNI (Max)	9	18,000	₹9,72,000
B-HNI (Min)	10	20,000	₹10,80,000

Liqvd Digital India Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	79.61%
Post-Issue	52.95%

Liqvd Digital India Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹5.03 Pre-IPO / ₹3.61 Post-IPO
Price/Earnings (P/E) Ratio	10.74x Pre-IPO / 14.96x Post-IPO
Return on Net Worth (RoNW)	25.36%
Net Asset Value (NAV)	₹21.45
Return on Equity	25.36%
Return on Capital Employed (ROCE)	44.05%
EBITDA Margin	18.69%
PAT Margin	13.32%
Debt to Equity Ratio	0.29

Objectives of the Proceeds

1. Funding the purchase consideration for acquiring a 23.21% stake in AdLift Marketing Private Limited, estimated at ₹9.00 crore.

2. Establishing a Full-Scale Video Content Production Hub through planned capital expenditure of approximately ₹10.59 crore.

3. Meeting incremental working capital requirements to support business operations and expanding service delivery capabilities, estimated at ₹6.57 crore.

4. The remaining proceeds are intended for general corporate purposes and other permitted issue-related requirements.

Key Financials (in ₹ crore)

Particulars	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	57.83	33.33	13.83
Revenue / Total Income	60.89	25.03	18.28
Profit After Tax	8.03	2.25	1.90
Reserves and Surplus	26.22	15.64	-0.90
Net worth	34.19	19.39	20.97

IPO Strengths

1. End-to-end digital marketing capabilities covering media planning and buying, creative content, influencer marketing, SEO, and performance marketing.

2. Experienced management team with industry knowledge and domain expertise, supported by a skilled workforce.

3. Diversified client base across multiple industries, reducing dependence on any single sector or customer type.

4. In-house technology and streamlined workflows that support scalable and data-driven marketing campaigns.

5. Strong content production capabilities through an in-house studio and services such as video, photography, podcasts, animation, and AI-based content.

6. Expanding market presence with operations in India and access to international business through AdLift Inc.

Peer Group Comparison

Company Name	EPS (Diluted)	NAV (₹ per share)	P/E (x)	RoNW (%)	P/BV Ratio
Liqvd Digital India Limited	4.39	21.45	—	25.36	—
Peer Group
R K Swamy Ltd.	4.38	104.71	22.37	8.60	0.66
Vertoz Ltd.	3.06	27.35	11.75	12.31	1.30
Adcounty Media India Ltd.	9.65	47.53	8.08	27.96	1.64
Yaap Digital Ltd.	12.10	51.82	11.40	28.25	2.71