Liqvd Digital India IPO was an SME issue of ₹39.01 Cr at a price band of ₹51 – ₹54 per share, open from 23 Sep 2026 to 25 Sep 2026. The shares listed on BSE SME on 30 Sep 2026.
IPO Signal Analysis
📊 Based on Grey Market Premium (GMP) & Subscription Data — not financial advice
GMP Signal
Moderate Interest
GMP: +0% above issue price
⭐ Overall Signal
Moderate Interest
GMP + Subscription combined Not financial advice
Subscription Signal
Moderate Interest
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Issue Details
Fresh Issue₹34.14 Cr
Offer for Sale (OFS)₹4.87 Cr
Total Issue Size₹39.01 Cr
Face Value₹5
Market Cap (at issue)₹120 Cr
Listing ExchangeBSE SME
📅 Open Date23 Sep 2026
🔒 Close Date25 Sep 2026
✂️ Cut-off Price Date25 Sep 2026
🎟️ Allotment Date28 Sep 2026
💸 Refund Initiation29 Sep 2026
📂 Demat Credit29 Sep 2026
📈 Listing Date30 Sep 2026
Objects of the Issue
💰 Acquiring a stake in AdLift Marketing — ₹9.00 Cr
💰 Video content production hub — ₹10.59 Cr
💰 Working capital — ₹6.57 Cr
💰 General corporate purposes
About the Company
Liqvd Digital India, incorporated in 2013 and based in Mumbai, is a digital-marketing agency. It handles social-media management, media planning and buying, performance marketing, SEO, influencer campaigns, online reputation management, content production and web/app development for large companies, mid-sized firms and D2C brands. It has an in-house video studio and offices in Mumbai and Gurgaon, and reaches the US market through AdLift, in which it is acquiring a stake.
Strengths
✅ Full-service digital agency with in-house content production
✅ Clients across IT, FMCG, finance, healthcare, logistics and manufacturing
✅ Income more than doubled in FY26 to ₹61 Cr, with PAT of ₹8 Cr
✅ The AdLift acquisition adds SEO/performance capability and US clients
Risk Factors
⚠️ The FY26 jump came partly from consolidating acquisitions, so organic growth is harder to judge
⚠️ Agency revenue depends on clients' marketing budgets, which get cut in slowdowns
⚠️ Relies on retaining creative and digital talent
⚠️ Part of the IPO money funds an acquisition and a new studio
Liqvd Digital India IPO is an SME IPO with an issue size of ₹39.01 Cr at a price band of ₹51 – ₹54. Minimum lot size is 2000 shares and the minimum application is 2 lots (minimum investment ~₹2,16,000). Opened on 23 Sep 2026 and closed on 25 Sep 2026. Listed on BSE SME. Registrar: Bigshare Services.
Apply through ASBA via your bank's net banking, or via UPI through Zerodha, Groww, Upstox, Angel One, or your broker's app. Select the IPO, choose lot quantity, and approve the UPI mandate or ASBA block.
Opened on 23 Sep 2026 and closed on 25 Sep 2026. Cut-off price date: 25 Sep 2026.
Lot size is 2000 shares and the minimum application is 2 lots. At the upper price band of ₹54, minimum investment is approximately ₹2,16,000.
Allotment date is 28 Sep 2026. Refund initiation and demat credit were scheduled for 29 Sep 2026.
Listed on 30 Sep 2026 on BSE SME.
GMP is an unofficial grey-market indicator and can change at any time. Figures are compiled from publicly available sources for information only — this is not investment advice.Official references: SEBI · NSE · BSE
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