Liqvd Digital India IPO GMP, Date, Price Band & Review

Liqvd Digital India IPO Details

Liqvd Digital India IPO is a 100% book-built issue of ₹39.01 crore, comprising a fresh issue of ₹34.14 crore and an offer for sale worth up to ₹4.87 crore, with a face value of ₹5 per share. The company filed its DRHP with SEBI on September 30, 2025.

The price band of the issue is set between ₹51 and ₹54 per share and the lot size for an application is 2,000 shares. The minimum amount of investment required by an individual investor is ₹2,16,000 (4,000 shares). The IPO will be open for subscription from Sep 23 to 25, 2026, on the BSE SME platform, with a tentative listing date fixed as September 30, 2026. The book-running lead manager of the issue is Indorient Financial Services Ltd., while the registrar of the offer is Bigshare Services Pvt. Ltd.

Liqvd Digital India IPO Date & Timeline

The Liqvd Digital India IPO is officially set to open for subscription on Sep 23, 2026 and will close on Sep 25, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on September 30, 2025 and has now finalized its schedule following SEBI approval. Once the subscription window closes, allotment is expected on Sep 28, 2026. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on Sep 29, 2026. Finally, shares of Liqvd Digital India Ltd. are tentatively scheduled to list on the stock exchanges on Sep 30, 2026.

Company Background

Liqvd Digital India Ltd. was incorporated on April 25, 2013, as a private limited company and has since evolved into a full-service digital marketing powerhouse in Mumbai. On April 03, 2025, the company converted into a public limited company to proceed with its public listing procedures.

The company operates with a main focus on creative digital strategies and has expanded to include major Indian cities such as Kolkata and New Delhi, as well as an international presence in Singapore. The company evolved from a creative boutique into a comprehensive digital agency leveraging technology to provide data-driven marketing solutions.

Operations & Product Range

Liqvd Digital India Ltd.’s service portfolio covers creative communication, social media management, media planning and buying and performance marketing, utilising specialised tools for SEO, SEM and UI/UX design. Targeting both B2B and B2C clients across finance, retail and consumer goods sectors, the core operating model focuses on creating "liquid" content fluid and adaptable across different digital platforms and devices. Operations are supported by digital specialists managing everything from influencer marketing campaigns to complex technology development for web and mobile applications.

Facilities & Capacity

Liqvd Digital India Ltd. operates primarily from its corporate headquarters in Mumbai, with regional offices in Kolkata and New Delhi providing pan-India reach, alongside a Singapore-based subsidiary for international business. These facilities house creative studios, technology development teams and media planning departments. As a service-driven entity, capacity is measured by its talent pool and technical infrastructure.

Brands & Market Presence

Liqvd Digital India Ltd. operates under the primary brand "Liqvd Asia," which has established a strong reputation in the digital marketing industry for high-end creative work, blending traditional advertising principles with modern digital tools. This dual capability has helped secure a market presence extending beyond India into Southeast Asia via Singapore operations. The brand is validated by long-standing relationships with blue-chip clients and industry recognition for its digital campaigns, leveraging its "Concept Communication" lineage to access a broader network of corporate relationships.

Revenue Streams & Business Model

The core revenue source of Liqvd Digital India Ltd. is diversified across various digital service lines, including professional fees for creative services, commissions from media buying and planning, project-based fees for technology development and UI/UX design and recurring monthly retainers for social media management and ongoing digital support. The primary income is generated domestically, while the Singapore presence provides a channel for international service exports. The business model emphasises scalability through technology-driven automation of certain marketing processes.

Financial Performance

Liqvd Digital India Ltd. demonstrated robust financial growth in FY26, with consolidated revenue from operations reaching ₹60.23 crore compared to standalone revenues of ₹2,486.95 lakhs in FY25. Total income expanded significantly to ₹60.89 crore. Profit before tax rose to ₹10.51 crore, yielding a net profit for the period of ₹.79 crore after accounting for tax expenses and minority interest. Basic and diluted earnings per share reached ₹4.39.

Management & Shareholding

Liqvd Digital India Ltd. is promoted by Arnab Mitra, Ashish Motilal Jalan, Vivek Suchanti and Concept Communication Limited. Arnab Mitra, a co-founder, has extensive experience in digital marketing and strategy. Before the IPO, the promoters held a 78.04% stake in the company, but after the IPO, the promoters' shareholding will be diluted as the offering includes 10,54,400 shares, as the existing shareholders are diluting their shareholding.

Board & Key Management

The leadership of Liqvd Digital India Ltd. is led by a team of experts with many years of experience. Mr. Arnab Mitra serves as the Chairman & Managing Director and gives strategic direction to the firm, as well as managing the daily operations along with Whole-Time Directors Mr. Monish Suresh Sanghavi and Mr. Sunil Jagdish Gangras. To ensure good governance, the board includes Independent Directors for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.