Digital marketing solutions provider Liqvd Digital India Ltd announced that its ₹39-crore initial public offering will open for subscription on September 23. According to reports from The Economic Times and Rediff Moneynews, the company has fixed a price band of ₹51-54 per equity share for this three-day issue, which will conclude on September 25. The shares are proposed to be listed on the BSE SME platform following completion of the IPO process.
The ₹39-crore IPO comprises a fresh issue of ₹34.14 crore and an offer-for-sale of 9.02 lakh equity shares, worth ₹4.87 crore at the upper end, by promoter Arnab Mitra. As reported by The Economic Times and Rediff Moneynews, of the fresh issue proceeds, ₹9 crore will be used to fund the acquisition of a 23.21% stake in AdLift Marketing Pvt Ltd, while ₹10.59 crore will be utilized for setting up a full-scale video content production hub. Another ₹6.57 crore will go towards incremental working capital requirements, with the balance funds earmarked for acquisitions and general corporate purposes.
Liqvd Digital India reported consolidated revenue from operations of ₹60.24 crore and net profit of ₹8.03 crore in FY26, according to The Economic Times and Rediff Moneynews. The company operates as a digital marketing solutions provider in the growing digital advertising and marketing sector, with its consolidated net profit reflecting the earnings profile of the digital marketing solutions business ahead of its public market debut.
Indorient Financial Services is serving as the book-running lead manager for the issue, while Bigshare Services has been appointed as the registrar to the issue, as reported by The Economic Times and Rediff Moneynews. The IPO represents the company's strategic move to raise capital for expanding its video content production capabilities and strengthening its market position in the digital marketing solutions sector.
