Liqvd Digital IPO - Allotment & Listing Details

Liqvd Digital India Limited was incorporated in May 2013 and is headquartered in Mumbai, Maharashtra. It works in the digital marketing and communications sector as a creative-first, full-service agency.

The company provides content creation and production, social media management, influencer marketing through an in-house creator network, online reputation management, media planning and buying, and web and app development services. It serves clients across sectors including information technology and communications, FMCG, logistics, financial services, manufacturing and healthcare, having worked with 85 clients over the three years before its IPO filing. In April 2025, it acquired a majority stake in AdLift Marketing Private Limited, a digital marketing firm, as part of a multi-phase acquisition, and it also operates an AI lab called Tesseract for tracking brand visibility on AI platforms such as ChatGPT and Perplexity. Operations are concentrated in Maharashtra and Gujarat. The company is led by Arnab Mitra as Chairman and Managing Director.

Total income rose from Rs 18.28 crore in FY24 to Rs 25.03 crore in FY25, with profit after tax rising from Rs 1.90 crore in FY24 to Rs 2.25 crore in FY25, as per the DRHP. The IPO is an SME book-built issue proposed to be listed on the BSE SME platform, comprising a fresh issue of up to Rs 37 crore and an offer for sale of up to 10,54,400 equity shares by existing shareholders, with the price band yet to be announced. Net proceeds from the fresh issue are proposed to be used for acquiring the remaining 23.21% stake in AdLift Marketing Private Limited, funding capital expenditure for a Full-Scale Video Content Production Hub (about Rs 9.15 crore), incremental working capital requirements, and inorganic growth through unidentified acquisitions along with general corporate purposes.