Liqvd Digital India Sets Price Band at Rs 51-54 as SME IPO Opens on September 23.

Digital marketing solutions provider Liqvd Digital India Ltd has announced its upcoming Rs 39-crore initial public offering (IPO) set to open for subscription on September 23. The company has established a price band of Rs 51-54 per equity share. This three-day offering will conclude on September 25, with shares intended to be listed on the BSE SME platform. The IPO consists of a fresh issue of Rs 34.14 crore and an offer-for-sale of 9.02 lakh equity shares by promoter Arnab Mitra, valued at Rs 4.87 crore at the upper end.

The allocation of proceeds from the fresh issue is strategically aimed at strengthening Liqvd Digital’s market positioning. Approximately Rs 9 crore is earmarked for acquiring a 23.21% stake in AdLift Marketing Pvt Ltd. Furthermore, Rs 10.59 crore will facilitate the establishment of a full-scale video content production hub, while Rs 6.57 crore will be allocated to incremental working capital needs. The company reported consolidated revenue from operations of Rs 60.24 crore and a net profit of Rs 8.03 crore in FY26, indicating promising financial stability for potential investors.

Currently, the grey market sentiment, while not explicitly detailed, often reflects investor enthusiasm or caution prior to such listings. For Indian investors, this IPO presents an opportunity to delve into the digital marketing sector, which is continuing to gain traction. Investors should consider the strategic use of funds and the company’s financial performance as informative indicators when making their investment decisions in this nascent enterprise.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)