About Liqvd Digital India IPO Details
Liqvd Digital India IPO Details
Liqvd Digital India IPO is a 100% book-built offer comprising a fresh issue of ₹37 crore and an offer for sale (OFS) of 10.54 lakh shares, with a face value of ₹5 per share. The company filed its DRHP with SEBI on September 30, 2025.
The price band and official dates of subscription and listing will be announced by the company later, but the shares are supposed to be listed on the NSE and BSE platforms. 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 company filed its DRHP on September 30, 2025, marking the first major regulatory milestone. The specific IPO date has not yet been announced and will be made public once the company receives necessary clearances and files its Red Herring Prospectus (RHP), which will contain the finalised dates and price band. Following the closure of the subscription period, the process will involve the basis of allotment, the initiation of refunds, credit of shares to demat accounts and the official listing on the NSE Emerge platform.
Liqvd Digital India IPO Details IPO Timeline
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | - |
Liqvd Digital India IPO Details IPO Details
| Detail | Description |
|---|---|
| IPO Date | [.] |
| Listing Date | - |
| Face Value | ₹ 5 per share |
| Issue Price Band | - |
| Lot Size | - |
| Sale Type | Fresh Capital & OFS |
| Total Issue Size | - |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | [.] shares (agg. up to ₹ 37 Cr) |
| Offer for Sale | 10,54,000 shares of ₹5 (agg. up to ₹[.] Cr) |
| Net Offered to Public | - |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,59,41,177 shares |
| Share Holding Post Issue | - |
Liqvd Digital India IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Liqvd Digital India IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
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. has demonstrated steady top-line growth over recent fiscals. The company recorded total revenue of ₹184.81 crore and a net profit of ₹32.10 crore in FY23, increasing to ₹206.45 crore and ₹34.44 crore, respectively, in FY24. In FY25, total revenue surged to ₹322.58 crore with a net profit of ₹28.13 crore. According to its latest financial results for Q3 FY26, the firm achieved revenue of ₹236.50 crore and a net profit of ₹38.69 crore.
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 79.60% stake in the company, but after the IPO, the promoters' shareholding will be diluted by 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.
Liqvd Digital India IPO Details Financial Information
Latest Revenue
₹ 25.03 Cr
Profit After Tax
₹ 2.25 Cr
Net Worth
₹ 19.39 Cr
Total Borrowing
₹ 8.82 Cr
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 2025 | 33.33 | 25.03 | 2.25 | 19.39 | 15.64 | 8.82 |
| 31 Mar 2024 | 13.83 | 18.28 | 1.90 | 2.10 | -0.90 | 6.16 |
| 31 Mar 2023 | 8.66 | 16.83 | 0.77 | -0.81 | -2.81 | 5.54 |
| Amount in ₹ Crore | ||||||
Liqvd Digital India IPO Details Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | - |
| ROCE | - |
| Debt/Equity | - |
| RoNW | - |
| PAT Margin | 15.96 % |
| EBITDA Margin | - |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.41 | - |
| P/E (x) | - | - |
Liqvd Digital India IPO Objectives
The company intended to use the Liqvd Digital India IPO proceeds for strategic purposes:
- • Funding the purchase of the acquisition of a 23.21% stake in Adlift Marketing Pvt. Ltd.
- • Funding the capital expenditure for the establishment of a Full-scale VCP hub
- • Funding the working capital market
- • General corporate purposes
Liqvd Digital India IPO Review
Liqvd Digital India Ltd. is positioning itself within the rapidly growing digital advertising sector in India. The company's positioning as a creative-led technology agency allows it to occupy a unique space between traditional ad agencies and pure-play tech firms.
Financially, the company has shown growing and healthy financial statements; for FY25, the total revenue was ₹42.06 crore and a PAT of ₹1.67 crore, reflecting the competitive and personnel-heavy nature of the service industry. The growth pattern will largely depend on retaining key clients and adapting to the ever-changing algorithms of digital platforms.
However, investors must be aware of both sides of the company, from profitable statements to potential risks. The key strengths of the company include experienced leadership and a comprehensive service offering, while potential risks include high competition from both large global agencies and specialised boutique firms, as well as client concentration risk inherent in a service-based business. Overall, the IPO represents a play on the continued digitisation of the Indian consumer market and the growing importance of online brand engagement.
Conclusion
The Liqvd Digital India IPO is an opportunity for investors to invest in a growing company that has maintained a strong market presence in the Indian digital marketing scene for over a decade. Its focus on "liquid" content and integrated digital solutions provides a solid foundation for scaling operations domestically and internationally. With this listing on the BSE SME platform, the company aims to acquire around a 23% stake in Adlift Marketing Pvt. Ltd. and to fund the capital expenses in the establishment of a full-scale VCP hub.
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Competitive Strengths
Integrated digital capabilities provide all-encompassing service offerings ranging from creative to technology, thereby serving as a one-stop solution for brands.
Parent company backing by virtue of its linkages with Concept Communication Ltd., helping tap into an extensive client network and industry knowledge base.
Management having substantial experience in the realm of advertising and digital marketing.
Diversified geographic location, including offices in key cities of India as well as in Singapore.
Download regulatory filings
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 0 | 0 | 0 |
| Individual investors (Retail) (Max) | 0 | 0 | 0 |
| S-HNI (Min) | 0 | 0 | 0 |
| S-HNI (Max) | 0 | 0 | 0 |
| B-HNI (Min) | 0 | 0 | 0 |