Liqvd Digital India SME IPO
Liqvd Digital India IPO — date, price band, lot size & details 2026
Liqvd Digital India listed on 30 Sep 2026 at ₹53.73, 0.5% below the ₹54 issue price.
Liqvd Digital India Limited is a digital marketing and media agency offering social media management, media planning and buying, SEO, performance marketing, influencer marketing, content production and web and app development. Running since 2013, it works from Mumbai and Gurgaon with an in-house studio and a US presence through AdLift Inc.
Stock price
Liqvd Digital India is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 9 November.
- Open 23 Sep 2026
- Close 25 Sep 2026
- Allotment 28 Sep 2026
- Refund/credit 29 Sep 2026
- Listing 30 Sep 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 23 to 25 Sep, 2026 |
|---|---|
| Price Band | ₹51 – ₹54 |
| Face Value | ₹5 |
| Lot Size | 2000 Shares |
| Issue Size | ₹39.01 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE SME |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 2,16,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 2000 shares at the ₹54 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 4,000 | ₹2,16,000 |
| Retail (max) | 2 | 4,000 | ₹2,16,000 |
| HNI (min) | 3 | 6,000 | ₹3,24,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 8
- 01The margin is healthy for an agency, with a PAT margin of 13.32% and an EBITDA margin of 18.69% in FY2026.
- 02Return on capital employed was 44.05%, which is high because an agency needs little fixed capital.
- 03Debt is low at Rs 9.79 crore against a net worth of Rs 34.19 crore, a debt to equity ratio of only 0.29.
- 04The service range is wide, covering social media, media buying, SEO, performance marketing, influencer work, content production and web and app development, so a client can be served end to end.
- 05It has its own studio in Mumbai for photography, video, drone shoots, podcasts and animation rather than outsourcing production.
- 06Its clients span many sectors including FMCG, logistics, financial services, manufacturing and healthcare, which spreads the risk.
- 07It has a presence in the United States through its association with AdLift Inc.
- 08It has been in this business since 2013, which is a reasonable record in a field where agencies come and go.
Risks · 8
- 01Only one year of financial data is available, for FY2026. With no earlier years there is no trend to judge, and no way to tell whether this year is representative.
- 02The issue is priced at about 14.96 times earnings on an EPS of Rs 3.61, and that EPS rests on a single year of reported financials.
- 03Promoter holding falls from 79.61% to 52.95% after the issue, leaving the promoters only just above a half share.
- 04Digital marketing is a people business with low switching costs. Clients move agencies readily and contracts are rarely long.
- 05Agency revenue is usually concentrated in a handful of large accounts, so losing one client can matter a great deal.
- 06A part of the money goes towards buying a stake in AdLift Marketing Private Limited. The terms and what the company gets for it are not visible from the data available here.
- 07Media buying revenue can be lumpy, as it depends on client campaign budgets that are set season by season.
- 08This is an SME issue, and SME shares usually trade in low volume after listing.
The numbers
All figures in ₹ crore, as reported in the Liqvd Digital India offer document.
| Metric | 31 Mar 2026 |
|---|---|
| Assets | 57.83 |
| Total Income | 60.89 |
| Profit After Tax | 8.03 |
| EBITDA | 11.26 |
| NET Worth | 34.19 |
| Reserves and Surplus | 26.22 |
| Total Borrowing | 9.79 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Liqvd Digital India RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Liqvd Digital India IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹5.03 | ₹3.61 |
| P/E Ratio (x) | 10.74 | 14.96 |
| Market Cap at Offer Price (₹ Cr) | ₹86.21 | ₹120.22 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹54 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹26.16 Cr of the issue is earmarked to named objects.
About the company
Its services cover social media management, media planning and buying, online reputation management, creative content production, influencer marketing, search engine optimisation, performance marketing, and web and app development. Its clients range from large enterprises to mid-sized companies and direct-to-consumer brands, across IT and communications, FMCG, logistics, financial services, manufacturing and healthcare.
The media side of the business plans and buys both digital and offline media, with the emphasis on measurable results and return on investment. The production side makes visual and multimedia content, including photography, video shoots, drone shoots, podcasts, animation and AI-generated content. It works from offices in Mumbai and Gurgaon and runs its own studio in Mumbai for content production. Through its association with AdLift Inc. it also has a presence in the United States.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91 22 4322 6262
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Indorient Financial Services
4 issues handled (1 mainboard, 3 SME)Best listing: GSP Crop Science (+2.8%). Weakest: Digilogic Systems (-20.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Liqvd Digital India?
The current Grey Market Premium is ₹0.
What is the Liqvd Digital India IPO price band?
₹51 to ₹54, on a face value of ₹5.
When is the allotment?
The basis of allotment is 28 September 2026, with listing on 30 September 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
