Liqvd Digital India Limited is a digital marketing agency offering social media, media planning, SEO, performance marketing, influencer marketing, content production, ORM, and web and app development services. Its acquisition of AdLift Marketing has further expanded its digital marketing and AI-driven content capabilities.
The Company operates through four key verticals: Media, Retainer, Project and Production, offering media planning, social media management, SEO, content creation, campaign strategy, web and app development, and multimedia production services including photography, videos, podcasts, animation and AI-generated content.
The Company serves clients across financial services, FMCG, IT, healthcare, manufacturing and logistics, catering to large enterprises, mid-sized companies and D2C brands. It operates in Mumbai and Gurgaon, with a US presence through AdLift Inc.
In FY2026, Retainer and Media contributed 55.32% and 36.86% of revenue, respectively, while Project and Production contributed 5.74% and 2.08%. As of July 31, 2026, the Company and AdLift Marketing had 53 and 119 permanent employees, respectively.
Liqvd Digital India IPO – Details
| IPO Opening Date | 23 September 2026 |
| IPO Closing Date | 25 September 2026 |
| Issue Type | Book Building IPO |
| Issue Size | Total Issue: 72,24,000 Shares Worth ₹39.01 Crore Fresh Issue: 63,22,000 Shares Worth ₹34.14 Crore Offer For Sale: 9,02,000 Shares Worth ₹4.87 Crore |
| Face Value | ₹5 per equity share |
| IPO Price | ₹51 – ₹54 per share |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Bigshare Services Pvt. Ltd. |
| QIB Shares Offered | 30% |
| NII Shares Offered | 35% |
| Retail Shares Offered | 35% |
Liqvd Digital India IPO – Date Schedule
| IPO Open Date | 23 September 2026 |
| IPO Close Date | 25 September 2026 |
| Basis of Allotment | 28 September 2026 |
| Initiation of Refund | 29 September 2026 |
| Credit of Shares to Demat | 29 September 2026 |
| IPO Listing Date | 30 September 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 25, 2026 |
Liqvd Digital India IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4000 | ₹2,16,000 |
| Retail (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 |
Competitive Strength
- End-to-end digital marketing capabilities covering media planning and buying, creative content, influencer marketing, SEO, and performance marketing.
- Experienced management team with industry knowledge and domain expertise, supported by a skilled workforce.
- Diversified client base across multiple industries, reducing dependence on any single sector or customer type.
- In-house technology and streamlined workflows that support scalable and data-driven marketing campaigns.
- Strong content production capabilities through an in-house studio and services such as video, photography, podcasts, animation, and AI-based content.
- Expanding market presence with operations in India and access to international business through AdLift Inc.
Company Promoters
- Arnab Mitra
- Ashish Motilal Jalan
- Vivek Suchanti
- Concept Communication Ltd.
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 (Standalone) | ₹18.28 Cr | ₹15.07 Cr | ₹1.90 Cr | – |
| 31 March 2025 (Standalone) | ₹25.03 Cr | ₹21.82 Cr | ₹2.25 Cr | – |
| 31 March 2026 (Consolidated) | ₹60.89 Cr | ₹50.38 Cr | ₹8.03 Cr | ₹9.79 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 25.36% |
| ROCE | 44.05% |
| Debt/Equity | 0.29 |
| RoNW | 25.36% |
| PAT Margin | 13.32% |
| EBITDA Margin | 18.69% |
| NAV | 21.45 |
| Price to Book Value | 2.52 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.03 | 3.61 |
| P/E (x) | 10.74 | 14.96 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding of purchase consideration for acquisition of stake in AdLift Marketing Pvt. Ltd. | ₹9.00 |
| Funding capital expenditure to be incurred for establishment of a Full Scale Video Content Production Hub. | ₹10.59 |
| Funding incremental working capital requirements. | ₹6.57 |
✅Strengths
- Integrated Services across digital marketing, media, SEO and content.
- AdLift Acquisition expands capabilities and US presence.
- Diversified Clients across multiple industries.
- Recurring Revenue with Retainer as the largest revenue vertical.
- AI Capabilities through proprietary AI-driven solutions.
⚠️Risks
- Geographic Concentration in key Indian states.
- High Competition in the digital marketing industry.
- Employee Costs may pressure profit margins.
- Acquisition Risk from integrating AdLift operations.
- Employee Misconduct could affect business and reputation.
Liqvd Digital India IPO Promoter Holding
| Pre-Issue Share Holding | 79.61% |
| Post Issue Share Holding | 52.95% |
Liqvd Digital India IPO Prospectus
Company Contact Information
| Liqvd Digital India Limited B – 206, Second Avenue, CTS No 17/2A/1 Subhash Nagar, Village Vyarvail MIDC, Andheri East, Chakala MIDC, Mumbai, Maharashtra, 400093 Phone: +91 22 4322 6262 Email: compliance@liqvd.asia Website: https://liqvd.asia/ |
Liqvd Digital India IPO Registrar
| Bigshare Services Pvt. Ltd. Phone: 8657578989/8069219065/8069219060 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Liqvd Digital India IPO Lead Manager(s)
| 1. Indorient Financial Services Ltd. |
Liqvd Digital India IPO FAQ
| What is the Liqvd Digital India IPO? Liqvd Digital India IPO is an SME IPO. The issue is priced at ₹51 – ₹54 per equity share. The IPO is to be listed on BSE SME. |
| When will Liqvd Digital India IPO open? The IPO is to open on 23 September 2026 for QIB, NII and Retail Investors. |
| What is Liqvd Digital India IPO Investors’ Portion? The Investors portion for QIB – 30%, NII – 35%, and Retail – 35%. |
| What is the Liqvd Digital India IPO Size? Liqvd Digital India IPO size is ₹39.01 Crore. |
| What are the Liqvd Digital India IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 4000 Shares for ₹2,16,000, while the maximum bid is 4000 Shares for ₹2,16,000. |
| What is the Liqvd Digital India IPO Allotment Date? Liqvd Digital India IPO allotment date is 28 September 2026. |
| What is the Liqvd Digital India IPO Listing Date? Liqvd Digital India IPO listing date is 30 September 2026. The IPO is to be listed on the BSE SME. |
