Liqvd Digital India IPO Date & Timeline
Tentative schedule from the RHP.
Liqvd Digital India IPO Subscription Status
From NSE + BSE bid data, excluding the anchor portion.
Day-wise subscription
| Day | QIB | bHNI | sHNI | NII total | Individual | Total |
|---|---|---|---|---|---|---|
| Shares offered | 21,62,000 | 7,20,000 | 3,60,000 | 10,82,000 | 39,68,000 | 72,12,000 |
| Day 1 · Sep 23 | 1.00× | 7.62× | 0.11× | 5.11× | 0.04× | 1.09× |
| Day 2 · Sep 24 | 1.00× | 8.68× | 0.31× | 5.88× | 0.20× | 1.29× |
| Day 3 · Sep 25 | 1.00× | 41.57× | 2.33× | 28.44× | 1.43× | 5.35× |
Liqvd Digital India IPO Details
Checked against the RHP and cross-checked on NSE and BSE.
| IPO date | Sep 23 – 25, 2026 |
| Price band | ₹51 – 54 per share |
| Face value | ₹5 per share |
| Lot size | 2,000 shares |
| Total issue size | 72,24,000 shares ₹39.01 Cr |
| Fresh issue | 63,22,000 shares ₹34.14 Cr |
| Offer for sale | 9,02,000 shares ₹4.87 Cr |
| Issue type | Book Built · SME |
| Listing at | BSE SME |
| Market cap | ≈ ₹120.22 Cr |
| Promoter holding | 79.61% → 52.95% |
| Lead manager | Indorient Financial Services Ltd. |
| Market maker | Shreni Shares Ltd. |
| Registrar | Bigshare Services Pvt. Ltd. |
Offer documents
Liqvd Digital India IPO Lot Size
Minimum and maximum bids by investor type at the upper band of ₹54.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual (min) | 2 | 4,000 | ₹2,16,000 |
| Individual (max) | 2 | 4,000 | ₹2,16,000 |
| sHNI (min) | 3 | 6,000 | ₹3,24,000 |
| sHNI (max) | 9 | 18,000 | ₹9,72,000 |
| bHNI (min) | 10 | 20,000 | ₹10,80,000 |
Liqvd Digital India IPO Reservation
Shares set aside for each category, and the maximum number of applicants who can get an allotment.
| Category | Shares offered | % of issue | Max. allottees |
|---|---|---|---|
| Market maker | 3,82,000 | 5% | — |
| QIB | 21,62,000 | 28.5% | — |
| NII (HNI) | 10,82,000 | 14.2% | — |
| ↳ bHNI (>₹10L) | 7,20,000 | 9.5% | 120 |
| ↳ sHNI (₹2–10L) | 3,60,000 | 4.7% | 60 |
| Individual investors | 39,68,000 | 52.3% | 992 |
| Total | 75,94,000 | 100% |
Liqvd Digital India Financials (FY24 – FY26)
Restated consolidated figures from the RHP, ₹ crore. Years end March 31.
Financial statement
| ₹ Cr | FY24 | FY25 | FY26 | YoY |
|---|---|---|---|---|
| Revenue | 18.28 | 25.03 | 60.89 | +143.3% |
| Profit after tax | 1.90 | 2.25 | 8.03 | +256.9% |
| Total assets | — | — | 57.83 | — |
| Net worth | 20.97 | 19.39 | 34.19 | +76.3% |
| Reserves & surplus | — | — | 26.22 | — |
| Total borrowing | — | — | 9.79 | — |
Liqvd Digital India IPO Valuation
At the upper band of ₹54.
About Liqvd Digital India
Business profile from the RHP.
- 2013Incorporated · head office in Mumbai
- Mumbai + GurgaonOffices, plus an in-house content studio in Mumbai
- US via AdLiftPartnership with AdLift Inc. for the US market
- 6+ sectorsIT & telecom, FMCG, logistics, BFSI, manufacturing, healthcare
Promoters & holding
Arnab Mitra, Ashish Motilal Jalan, Vivek Suchanti, Concept Communication Ltd.
Objects of the issue
Liqvd Digital India IPO Review: Should You Apply?
Our 100-point score, and both sides of the case.
Our view: A fast-growing, profitable digital-marketing agency with strong returns and low debt, priced at ~15× post-issue earnings. But most of the growth came in a single year, agency businesses have low entry barriers, part of the money buys a stake in a partner firm, and promoter holding falls to ~53%.
- Rapid growth: revenue rose from ₹18.3 Cr in FY24 to ₹60.9 Cr in FY26, and profit to ₹8.0 Cr.
- Strong returns with little debt: ROCE ~44%, RoNW ~25%, D/E ~0.29.
- Full-service digital agency (social, media buying, SEO, performance, influencer, content) serving corporates and D2C brands across sectors.
- Reasonably priced at ~15× post-issue earnings and ~2× sales.
- Strong big-HNI demand (41.57× at close), and the QIB portion is fully subscribed.
- Growth is concentrated in one year: revenue jumped ~2.4× in FY26 after modest growth in FY25, so it is unproven whether this lasts.
- Agency business: low entry barriers, client churn, and dependence on clients' ad budgets and platform changes.
- ₹9 Cr buys a 23.21% stake in AdLift Marketing, linked to its US partner. Check the valuation and relationship in the RHP.
- Promoter holding falls to ~53% after the issue, and existing holders sell ₹4.9 Cr through the OFS.
- Individual demand was thin (1.43× at close, versus 41.57× from big HNIs), and the SME minimum is ₹2,16,000 for 2 lots.
Liqvd Digital India Listing Performance Updates after Sep 30
We close the loop: issue vs listing price, and whether our call was right.
Liqvd Digital India IPO Allotment Status & Contact Details
Allotment was finalised on Sep 28. Check it with your PAN or application number.
Bigshare Services Pvt. Ltd.
- Phone
- 8657578989 / 8069219065 / 8069219060
- ipo@bigshareonline.com
Liqvd Digital India Ltd.
- Address
- B-206, Second Avenue, Subhash Nagar, Chakala MIDC, Andheri East, Mumbai, Maharashtra 400093
- Phone
- +91 22 4322 6262
- compliance@liqvd.asia
- Website
- liqvd.asia
Liqvd Digital India IPO FAQs
GMP, price, lot size, dates, allotment and how to apply.
What is Liqvd Digital India IPO?
Liqvd Digital India IPO is a ₹39.01 Cr SME book built issue made up of a fresh issue of ₹34.14 Cr and an offer for sale of ₹4.87 Cr. The shares will list on BSE SME.
What is the price band of Liqvd Digital India IPO?
The price band is ₹51 – ₹54 per equity share of face value ₹5.
What is the lot size of Liqvd Digital India IPO?
The minimum lot is 2,000 shares. Individual investors must apply for exactly 2 lots (4,000 shares).
What is the minimum investment for Liqvd Digital India IPO?
The minimum individual investment is ₹2,16,000 (4,000 shares at ₹54).
When does Liqvd Digital India IPO open and close?
The IPO opens on Sep 23, 2026 and closes on Sep 25, 2026.
What is the allotment date of Liqvd Digital India IPO?
The basis of allotment is finalised on Sep 28, 2026. Refunds and demat credit are expected on Sep 29, 2026.
When will Liqvd Digital India IPO be listed?
The tentative listing date is Sep 30, 2026 on BSE SME.
What is Liqvd Digital India IPO subscription status?
At close (Sep 25 · 5:00 PM IST), the issue was subscribed 5.35× overall — QIB 1.00×, bHNI 41.57×, sHNI 2.33×, Individual 1.43×.
What is the P/E ratio and valuation of Liqvd Digital India IPO?
At the upper band, the P/E is 10.7× pre-issue and 15.0× post-issue, with a market cap of about ₹120.22 Cr.
Should I apply for Liqvd Digital India IPO?
IPOSignal's view is Proceed with Caution · Fast Growth, Needs Proof (64/100). A fast-growing, profitable digital-marketing agency with strong returns and low debt, priced at ~15× post-issue earnings. But most of the growth came in a single year, agency businesses have low entry barriers, part of the money buys a stake in a partner firm, and promoter holding falls to ~53%. This is research, not investment advice.
How to check Liqvd Digital India IPO allotment status?
Check on the registrar Bigshare Services Pvt. Ltd.'s site (ipo.bigshareonline.com/IPO_Status.html), or on the BSE / NSE allotment pages, using your PAN or application number.
Who is the registrar and lead manager of Liqvd Digital India IPO?
The registrar is Bigshare Services Pvt. Ltd.. The book-running lead manager is Indorient Financial Services Ltd.. The market maker is Shreni Shares Ltd..