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Liqvd Digital IPO
Price Band
₹51.0–54.0
Issue Size
₹39.01 Cr
Lot Size
2,000 shares
Min Investment
₹216,000
2 LOTS MIN
GMP
—
Issue Price
₹54.0
Liqvd Digital IPO AI Summary
- Liqvd Digital IPO is allotted on BSE SME in the Digital Entertainment sector.
- Price band: ₹51.0–₹54.0 per share, lot size 2,000 shares (min. investment ₹216,000, 2 lots minimum).
- Subscription window: 23 Sep–25 Sep 2026, listing on 30 Sep 2026.
Liqvd Digital is a digital marketing agency that offers a range of services to help brands connect with their audiences. The company is expanding its capabilities through strategic acquisitions and aims to enhance its service offerings. The IPO presents an opportunity for investors to participate in the growth of the digital marketing sector.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
5.08x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
1.00x
|
1.00x |
| NII (HNI) |
21.02x
|
21x ✓ |
| ↳ bNII (>₹10L) |
27.11x
|
27x ✓ |
| ↳ sNII (<₹10L) |
2.33x
|
2.33x |
| Retail (RII) |
1.43x
|
1.43x |
| Total | 5.08x | 5.08x |
Auto-updated every 5 min · As of 25th Sep 2026 18:54
Liqvd Digital IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
TopFund Score — Listing Data Indicator
GMP is 0.0% above issue price
QIB subscribed 1.0x
No anchor allocation for this IPO
Similar IPOs (same IPO type) averaged 30.9% listing gain
A rules-based composite of GMP, subscription demand, anchor participation and comparable-IPO history — each weighted as shown above. Not a statistically validated probability, a guarantee of listing performance, or personalized investment advice.
Limitations: weights are fixed by TopFund, not backtested against outcomes; the "Historical Similar-IPO Performance" factor needs at least 3 comparable past listings and falls back to a broader, less specific cohort when this sector/type doesn't have enough; GMP and subscription data can change daily right up to listing day, so scores shown may already be stale — check the "as of" date above.
About the Company
Incorporated in 2013, our Company is positioned within the digital marketing landscape as a creative-first agency offering end-to-end marketing and communication solutions. Its services include content creation and production, media planning and buying, social media management, influencer marketing, SEO, and AI-driven content development. The Company’s focus lies in helping brands and businesses identify, target, and engage their audiences through data-driven strategies and technology-enabled platforms. Following the acquisition of AdLift Marketing in April 2025, the Company has significantly expanded its capabilities in performance marketing, SEO, and analytics, enhancing its positioning as a one-stop integrated digital solutions partner. AdLift operates in India and the United States through its subsidiary, AdLift Inc., strengthening the Company’s international presence. The Company operates across four verticals — Media, Retainer, Project, and Production — offering customized marketing solutions that range from long-term brand retainers to one-time campaign executions and multimedia production. It serves a diverse client base, including large enterprises, mid-sized brands, and D2C startups, primarily across Maharashtra and Gujarat. Headquartered in Mumbai, with offices in Gurgaon and an in-house content production studio in Mumbai, the Company derives a significant portion of its revenue from its Corporate Promoter, Concept Communication Limited, a leading integrated communication agency.
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 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 |
Key Ratios
EPS
₹5.03
NAV
₹21.45
ROE
25.36%
ROCE
44.05%
RoNW
25.36%
P/B Value
2.52
P/E Ratio
10.74
Market Cap
₹120.22 Cr
PAT Margin
13.32%
Debt/Equity
0.29
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Diluted |
|---|---|---|---|---|
| Yaap Digital Ltd. | 51.82 | 28.25% | 11.4 | 12.1 |
| Adcounty Media India Ltd. | 47.53 | 27.96% | 8.08 | 9.65 |
| Vertoz Ltd. | 27.35 | 12.31% | 11.75 | 3.06 |
| R K Swamy Ltd. | 104.71 | 8.6% | 22.37 | 4.38 |
| Liqvd Digital India Limited This IPO | 21.45 | 25.36% | — | 4.39 |
Promoters
Arnab Mitra, Ashish Motilal Jalan, Vivek Suchanti, Concept Communication Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding of purchase consideration for acquisition of stake in AdLift Marketing Pvt.Ltd. 9.00 2 Funding capital expenditure to be incurred for establishment of a Full Scale Video Content Production Hub 10.59 3 Funding incremental working capital requirements 6.57 Total 26.16
IPO Evaluation
Generated 27 Sep 2026Revenue Trend
For the period ending 31 March 2026, Liqvd Digital reported total income of ₹60.89 Cr. This figure represents the company's revenue for that fiscal year.
Profit Trend
The profit after tax for the period ending 31 March 2026 was ₹8.03 Cr. This indicates the company's profitability for the fiscal year.
Valuation
Liqvd Digital's implied P/E at the issue price of ₹54.0 is approximately 10.74, compared to peers trading at a P/E range of 8.08 to 22.37.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. It provides an indication of the potential listing price based on demand and supply dynamics. However, trading in the grey market is not regulated and carries risks.
Subscription Demand
As of 25th September 2026, the IPO has received a total subscription of 5.08 times. The breakdown includes 1.0 times from QIBs, 21.02 times from NIIs, 27.11 times from bNIIs (investors bidding more than ₹10 lakh), 2.33 times from sNIIs (investors bidding less than ₹10 lakh), and 1.43 times from retail investors.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk appetite. It's important to consider the company's growth potential and market position.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid investing in IPOs, as they can be subject to significant price fluctuations in the short term.
IPO Timeline, Explained
The IPO opens for subscription on 23rd September 2026 and closes on 25th September 2026. Allotment of shares will take place on 28th September 2026, with the listing on the stock exchange scheduled for 30th September 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange at a price higher than the issue price. However, there is no guarantee of listing gains, and prices can fluctuate based on market conditions and investor sentiment.
This evaluation is generated from Liqvd Digital's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Liqvd Digital IPO?
The price band of Liqvd Digital IPO is ₹51.0–₹54.0 per share.
When does Liqvd Digital IPO open and close?
Liqvd Digital IPO opens on 23 September 2026 and closes on 25 September 2026.
When does Liqvd Digital IPO list on the stock exchange?
Liqvd Digital IPO is scheduled to list on 30 September 2026, with an estimated listing price of ₹54.0 based on current GMP.
What is the lot size for Liqvd Digital IPO?
The lot size for Liqvd Digital IPO is 2000 shares, requiring a minimum investment of ₹216,000 (2 lots).
What is the TopFund Listing Data Indicator for Liqvd Digital?
Liqvd Digital's Listing Data Indicator score is 45/100 (Moderate signal), a weighted composite of GMP strength, subscription demand, anchor investor interest and how similar past IPOs performed on listing. It's a rules-based summary of public market data, not a statistically validated probability, a guarantee, or personalized investment advice.
What is the price band for the Liqvd Digital IPO?
The price band for the Liqvd Digital IPO is ₹51.0 to ₹54.0.
What is the minimum investment required?
The minimum investment required is ₹216,000, which corresponds to a lot size of 2000 shares.
When does the IPO open and close?
The IPO opens on 23rd September 2026 and closes on 25th September 2026.
When will the shares be allotted?
The allotment date for the shares is 28th September 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price of the shares in the grey market before the official listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
23 Sep 2026
Close
25 Sep 2026
Allotment
28 Sep 2026
Listing
30 Sep 2026
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