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Liqvd Digital India Ltd

Liqvd Digital India Ltd
LIQVD Liqvd Digital India Ltd

BSE IPO

Bidding dates23 Sep 2026 - 25 Sep 2026

Price range₹51 - ₹54

Min. investment₹2,16,000

Issue size39.01 Cr

Lot size2000 Shares

IPO DocRHP

IPO Timeline

Start date

23 Sep 2026

End date

25 Sep 2026

Allotment date

28 Sep 2026

Refund initiation

29 Sep 2026

Share credit

29 Sep 2026

Deactivate mandate

30 Sep 2026

About company

Incorporated in 2013, Liqvd Digital India Limited is a digital marketing and media solutions company that helps brands build their online presence, reach the right audience, and drive business growth. Its services 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 works with a diverse range of clients, including large enterprises, mid-sized companies, and direct-to-consumer (D2C) brands across sectors such as IT and communications, FMCG, logistics, financial services, manufacturing, and healthcare. It operates in India through offices in Mumbai and Gurgaon, as well as an in-house studio in Mumbai for content production and related activities. Through its association with AdLift Inc., the Company also has a presence in the United States.

Its media business focuses on planning and buying digital and offline media with an emphasis on measurable results, return on investment, and audience reach. The Company uses data and creative strategies to develop media campaigns based on client requirements and negotiated contracts.

Its production business focuses on creating visual and multimedia content, including photography, video shoots, drone shoots, podcasts, animation, AI-generated videos, and other branded content. The acquisition of AdLift Marketing is expected to further expand the Company's marketing capabilities and client base.

As of July 31, 2026, the Company and AdLift Marketing had 53 and 119 permanent employees, respectively.

Founded in 2013

Managing director Arnab Mitra

Parent organisation Liqvd Digital India IPO

Strengths and Risks

Strengths

The company provides a full suite of digital solutions—including performance media buying, search engine optimization (SEO), creative content production, influencer marketing via an in-house network, and social media management.

The fresh issue proceeds are targeted at high-value growth initiatives: funding the acquisition of a stake in AdLift Marketing Pvt. Ltd. (expanding international reach, particularly in the US), building a Full-Scale Video Content Production Hub, and strengthening working capital.

The post-IPO debt-to-equity ratio remains low (around 0.29x), indicating a relatively clean balance sheet.

Risks

Although improving, the company has historically relied heavily on a limited pool of major clients. Its top 10 clients accounted for over 52% of its revenues in FY2026 (down from higher percentages in prior years), meaning the loss of key accounts could deeply impact cash flows.

Corporate promoter Concept Communication Limited contributes a meaningful slice of revenue (12.62% on a consolidated basis in FY2026), creating structural interdependencies.

Operations and a notable share of revenue remain anchored within Maharashtra, exposing the business to localized market disruptions.

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