- NEGATIVE
Annual Revenue Liqvd Digital Mar-2026 Annual Revenue is Rs 25 Cr which is growth of -1.2% YoY.
- POSITIVE
Annual Net Profit Liqvd Digital Mar-2026 Annual Net Profit is Rs 4 Cr which is growth of 97.0% YoY.
Liqvd Digital India was incorporated on May 03, 2013. The company provides a comprehensive range of digital marketing services, including social media management, media buying, influencer marketing, content creation, and web and app development. It serves enterprises, mid-sized brands, and startups across India with technology-driven marketing solutions supported by offices in Mumbai and Gurgaon
| Bidding Dates |
|---|
| 23 Sep 2026 - 25 Sep 2026 |
| Subscription |
|---|
| 5.08x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹204,000 | 2 | 2 | 2000 | 7.2 M | ₹51 - ₹54 | 51.83 % | ₹368.4 M - ₹390.1 M | RHP DOC |
Liqvd Digital IPO SUBSCRIPTION STATUS
25 Sep '26Total5.08x
Retail Individual Investor1.43x
HNI (NII) Investors21.02x
Qualified Institutional Buyers1x
Liqvd Digital IPO overall subscription rate was 5.08 times the total available shares
Liqvd Digital IPO retail subscription rate was 1.43 times in the retail segment
Liqvd Digital IPO non-institutional investor subscription rate was 21.02 times in the non-institutional investor category
Liqvd Digital IPO Qualified Institutional Bidder subscription rate was 1 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 35% | 30% |
25 Sep 2026 (Day 3) | 1.43x | 21.02x | 1x |
24 Sep 2026 (Day 2) | 0.2x | 4.35x | 1x |
23 Sep 2026 (Day 1) | 0.04x | 3.77x | 1x |
Liqvd Digital FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 60.2 | 6.8 | 1.5 | 1.3 | 18.7% |
| FY25 | 24.9 | 2.2 | -0.5 | -1.0 | 15.8% |
| FY24 | 18.1 | 1.9 | 1.4 | 1.3 | 21.1% |
Liqvd Digital IPO SUBSCRIPTION STATUS DETAILS
Liqvd Digital had 7.2 M shares on offer
Liqvd Digital IPO offer price was in the range ₹51 - ₹54
Liqvd Digital IPO minimum Investment was ₹204000
Liqvd Digital IPO issue size was ₹ 368.4 M - ₹ 390.1 M
Liqvd Digital had a minimum lot size of 2000 Shares per application
Liqvd Digital NUMBER OF SHARES ON OFFER
Total7.2 M
Fresh Issue6.3 M
Offer for Sale902.0 K
Post Issue Promoter Holding %51.83 %
Liqvd Digital IPO IMPORTANT DATES
| Issue Open Date | 23 Sep 2026 |
| Issue close Date | 25 Sep 2026 |
| Allotment Date | 28 Sep 2026 |
| Refund Date | 29 Sep 2026 |
| Demat Account Credit Date | 29 Sep 2026 |
| Listing Date | 30 Sep 2026 |
| Listing on Exchange(s) | BSE |
| Liqvd Digital Allotment Status | Exchange/ Registrar |
Liqvd Digital IPO subscription opened on 23 Sep 2026, and closed on 25 Sep 2026
IPO allotment for Liqvd Digital was finalized on Monday, 28 Sep 2026
IPO listing for Liqvd Digital was on BSE on Wednesday, 30 Sep 2026
Liqvd Digital IPO LISTING GAINS
| Issue Price (adjusted) | 54.0 |
| Listing Open Price | 53.7 |
| Listing Close Price | 51.0 |
| Listing Gain% | -0.5% |
| Current Gain% | -48.9% |
Liqvd Digital Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liqvd Digital India Ltd. | 27.6 | 61.5 | 9 | 1 | 19.9 | 11.7 | 60.9 | 6.8 | 3.1 | ||||
| Media Matrix Worldwide Ltd. | 20.7 | 2347 | 330.3 | 3.3 | 1.6 | 8.7 | 2.4 | 1261.5 | -33.3 | 5.9 | 67.4 | 0.1 | 100.8 |
| Signpost India Ltd. | 221.5 | 1183.9 | 16.1 | 0.2 | 2 | 24.4 | 10.2 | 580.9 | 26.7 | 70.1 | 107.3 | 13.8 | 94.1 |
| Bright Outdoor Media Ltd. | 337.8 | 737.2 | 30.7 | 13.1 | 10.9 | 155.4 | 21.4 | 24 | 26.1 | 11 | |||
| Praveg Ltd. | 220.2 | 575.5 | -30.4 | 0.1 | 2.3 | -2.6 | -1.6 | 242.4 | 39 | -11.5 | -175.2 | -7.2 | -306.8 |
| Simca Advertising Ltd. | 471 | 563.9 | 33.9 | 0.6 | 0.2 | 127.8 | 70.2 | 16.6 | 66.6 | 13.9 |
Annual
Balance Sheet
Ratios
Cash Flow
Liqvd Digital annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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Base Level
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Actual
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| Indicator | Graph | CAGR 3 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 |
|---|---|---|---|---|---|---|---|
13.7% | 24.7 | 25 | 18.3 | 16.8 | 21.3 | ||
Operating Exp. Ann. | 5.7% | 17.5 | 20.7 | 14.2 | 14.8 | 18.9 | |
Operating Profit Ann. | 84.4% | 6.9 | 4.1 | 3.9 | 1.1 | 1.7 | |
OPM Ann. % | 61.4% | 27.84% | 16.55% | 21.14% | 6.62% | 7.92% | |
6.2% | 18.7 | 21.8 | 15.1 | 15.6 | 20 | ||
EBITDA Ann. | 54% | 7.3 | 4.3 | 4.1 | 2 | 2.4 | |
EBITDA Ann. margin % | 36.4% | 29.45% | 17.17% | 22.39% | 11.60% | 11.15% | |
Interest Ann. | 22.4% | 1.1 | 1 | 0.7 | 0.6 | 0.8 | |
Depr. | 0% | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | |
PBT Ann. | 76% | 6 | 3.2 | 3.2 | 1.1 | 1.3 | |
Tax Ann. | - | 1.6 | 1 | 1.3 | 0.1 | ||
58.7% | 4.4 | 2.3 | 1.9 | 1.1 | 1.3 | ||
Net Profit Ann. | 58.7% | 4.4 | 2.3 | 1.9 | 1.1 | 1.3 | |
NPM Ann. % | 36.7% | 18.19% | 9.03% | 10.54% | 7.12% | 6.16% | |
EPS Adj. latest Ann. | 58.7% | 2 | 1 | 0.9 | 0.5 | 0.6 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
-1.2%
2Y CAGR
16.2%
3Y CAGR
13.7%
Net Profit Ann.
1Y CHG
91.3%
2Y CAGR
52.2%
3Y CAGR
58.7%
Operating Exp. Ann.
1Y CHG
-15.5%
2Y CAGR
11%
3Y CAGR
5.7%
Liqvd Digital INFORMATION ON IPO ISSUE
About Liqvd Digital
Liqvd Digital India was incorporated on May 03, 2013. The company provides a comprehensive range of digital marketing services, including social media management, media buying, influencer marketing, content creation, and web and app development. It serves enterprises, mid-sized brands, and startups across India with technology-driven marketing solutions supported by offices in Mumbai and Gurgaon
Object of the Issue
- Funding of purchase consideration for acquisition of 23.21% stake in AdLift Marketing Private Limited
- Funding capital expenditure to be incurred for establishment of a Full-Scale Video Content Production Hub
- Funding their incremental working capital requirements
- Funding inorganic growth through unidentified acquisitions and general corporate purposes
Liqvd Digital - PROMOTERS
| Name |
|---|
| Arnab Mitra |
| Ashish Motilal Jalan |
| Vivek Suchanti |
| M/s Concept Communication Limited |
Liqvd Digital - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Arnab Mitra | Chairman & Managing Director |
| Monish Suresh Sanghavi | Whole-time Director |
| Sunil Jagdish Gangras | Whole-time Director |
| Ashish Motilal Jalan | Non-Executive Non-Independent Director |
| Anasuya Chaudhari Ghosh | Non-Executive Independent Director |
| Satish Inani | Non-Executive Independent Director |
Liqvd Digital Book Running Lead Manager
Indorient Financial Services Limited
compliance@indorient.in
Liqvd Digital Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Liqvd Digital Strengths
Diversified client portfolio
The company offers customized digital marketing solutions tailored to clients' specific advertising and business objectives across diverse industries. Its broad client base and sectoral presence support diversified revenue streams and long-term business growth
Strength
In-house technology
The company leverages proprietary technology platforms, including "iManage" and "Tesseract", to streamline project execution, automate marketing workflows, and deliver AI-driven campaign insights. These in-house platforms enhance operational efficiency, scalability, and strengthen the company’s competitive position in digital marketing
Strength
Full service digital marketing solutions
The company offers an integrated suite of digital marketing services, including content creation, media buying, SEO, performance marketing, influencer marketing, and web development, providing clients with a one-stop marketing solution. Its unified service model enables seamless campaign planning, execution, and performance tracking across multiple digital channels
Strength
Liqvd Digital Risks
Competition
The company operates in a highly competitive digital marketing industry with low entry barriers, facing competition from large agencies, boutique firms, and freelancers. Increased competition and limited service differentiation could pressure pricing, reduce market share, and adversely affect revenue growth
Risk
Demand risk
An increasing trend of companies building in-house marketing, advertising, and data analytics teams could reduce outsourcing demand for the company’s services. This shift may limit customer acquisition, reduce client spending, and adversely affect revenue growth and profitability
Risk
Working capital intensive
The company’s operations are working capital intensive due to significant spending on employees, technology, media campaigns, and content production. Any inability to accurately estimate or secure adequate working capital, or delays in client payments, could adversely affect operations, cash flows, and growth prospects
Risk
IPO FAQs
This IPO consists of an offer for sale of up to Rs 4.9 crore, of 902,000 shares. It also consists of a fresh issue of Rs 34.1 crore.
The promoters of the company are Arnab Mitra, Ashish Motilal Jalan, Vivek Suchanti and M/s Concept Communication Limited.
The category allocation of qualified institutional buyers is 30.0%, the category allocation of non individual investors or high networth individuals is 35.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 51.0 - 54.0.
The IPO application opens on Sep 23, 2026 and closes on Sep 25, 2026.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 204,000.0, the maximum value for this IPO is Rs 216,000.0.
This IPO will be allotted on Sep 28, 2026.
The refund will be credited to your account on Sep 29, 2026.
The allotted shares will be credited to your demat on Sep 29, 2026.
Liqvd Digital India Ltd.’s shares listed on the stock exchanges on Sep 30, 2026.