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Liqvd Digital India Ltd
IT - SoftwareIPOSME
₹51 - 54
Founded in 2013, Liqvd Digital India Ltd creates and distributes digital marketing campaigns, creative media, and performance advertising through an in-house studio model and proprietary analytics tools for mid-market and enterprise brands. The agency combines creative content production with platform ad buying and search optimization, expanding its footprint by integrating specialized digital subsidiaries and parent-network mandates.
Lot2,000Min Invest₹2,16,000Face Value₹5Issue Size₹39 CrFresh Issue₹34 CrOffer for Sale₹5 Cr
Timeline
23 Sept
Bidding opens
25 Sept
Bidding closes
28 Sept
Allotment
29 Sept
Refund & demat credit
30 Sept
Listing
Subscription
Subscription opens 23 Sept
Reports
Offer Details
Terms
Issue Size₹39 Cr
Fresh Issue₹34 Cr
Offer for Sale₹5 Cr
Face Value₹5
Lot Size2,000 shares
ReservationQIB 30% · NII 15% · RETAIL 55%
Application Sizes
Retail₹2,16,0001-1 lots
sNII₹2,16,000from 2 lots
bNII₹10,80,000from 10 lots
Managers & Registrar
Lead ManagerIndorient Financial Services Limited
RegistrarBigshare Services Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrArnab MitraPRMTR9,02,0004.87Total9,02,0004.87
Shareholding
CategoryPre IPOPost IPOPromoter Group78.04%51.82%Public21.96%48.18%
Objects of the Issue
- Funding of purchase consideration for acquisition of 23.21% stake in AdLift Marketing Private Limited.
- Funding capital expenditure , operating expenditure and other expenditure to be incurred for establishment of a Full Scale Video Content Production Hub ("Full Scale VCP Hub")
- Funding the company incremental working capital requirements
- General corporate purposes
Anchor Book
30-day lock-in27-Oct-202690-day lock-in26-Dec-2026
Financials
Profit & Loss
| Financial Year | FY26 |
|---|---|
| RevenueCr | 60 |
| Operating ProfitCr | 11 |
| OPM% | 18.9 |
| PBTCr | 11 |
| PATCr | 8 |
Cash Flow
| Financial Year | FY26 |
|---|---|
| Operating Cash FlowCr | 2 |
| Investing Cash FlowCr | -13 |
| Financing Cash FlowCr | -2 |
| Net Cash FlowCr | -13 |
Strengths & Risks
Strengths · as stated in the DRHP
- Full Service digital marketing solutions from performance media buying to creative content creation, influencer marketing, Search Engine Optimization & Performance Marketing.
- Experienced promoters and management team with strong domain expertise, supported by a well-trained and skilled workforce.
- A diversified and loyal client portfolio, spanning multiple industries and verticals.
- In-house technology and optimized operational workflows to deliver scalable, data-driven campaigns with precision and speed.
Strategies · as stated in the DRHP
- Investing in technology, AI and automation to enhance efficiency and drive growth
- Scaling content creation through upgraded in-house production capabilities.
- Enhancing growth via strategic investments and partnerships.
- Deepen existing client relationships, expand our client base and presence across other states, while focusing on key sectors.
Risks · as stated in the DRHP
- The company continue to derives a material portion of its revenues from the company's Corporate Promoter - Concept Communication Limited. Its derived 12.62% of the company's revenue (on a consolidated basis) from Concept Communication in Fiscal 2026, and 44.12% and 14.48% of its revenue (on a standalone basis) in Fiscal 2025 and Fiscal 2024, respectively. If Concept Communication were to suffer a deterioration of their business, cease doing business with the company or substantially reduce their dealings with it, the company's revenue could decline, which may have a material adverse effect on its business, results of operations, cash flows and financial condition.
- The company continue to derives a material portion of its revenues from the company's top 10 clients by revenue generated in each of the Fiscals 2026, 2025 and 2024 ("Top 10 Clients"). The company derived 52.12%, 85.95%, & 73.46% of its revenue from the company's Top 10 clients in Fiscal 2026, 2025 & 2024 respectively. If any or all of its Top 10 Clients were to suffer a deterioration of their business, cease doing business with the company or substantially reduce their dealings with it, the company's revenue could decline, which may have a material adverse effect on its business, results of operations, cash flows and financial condition.
- The company's Registered Office is situated in Maharashtra and its derives a significant portion of the company's revenue from state of Maharashtra, making it vulnerable to geographical concentration risk. Any adverse developments affecting the company operations in Maharashtra could have an adverse impact on its revenue and results of operations. The company derived 29.58%, 80.82%, & 70.80% of its revenue from the state of Maharashtra in Fiscal 2026, 2025 & 2024 respectively.
- The company has had negative cash flows from operating activities and investing activities in the past and may, in the future, experience similar negative cash flows.
- There are certain instances of delays in and non-payment of statutory dues by the company. Any further delay in and non payment of statutory dues may attract financial penalties from the respective government authorities and in turn may have an adverse impact on the company's financial condition and cash flows.
- The company's revenue is highly dependent on certain key industries which include IT & Communication, FMCG & Financial Services. Over the last 3 years the company derived 66.85%, 83.80%, & 75.82% for Fiscal 2026, 2025 & 2024 respectively from companies in these industries. Any decrease in demand for marketing services in these industry verticals could reduce the company's revenue and adversely affect its business, financial condition and results of operations.