Liqvd Digital
What they do: The company generates revenue through digital marketing services, including social media marketing, mobile marketing, and digital training courses. It operates on a commission or retainer-based model, providing creative solutions and marketing services.
By IPO Milega Research · Published · Updated
Liqvd Digital India Limited shows strong revenue growth and profitability in FY2026, with a significant increase in net profit and revenue compared to FY2025.
- GMP (unofficial)
- +0%
- ₹0 a share
- Subscribed
- 5.06x
- Total
- Retail odds
- 72%
- 1 in 1.4
GMP is an unofficial grey market indication.
- Price band
- Price TBA
- Lot size
- N/A
- Min. investment
- N/A
- Issue size
- 39.01 Cr.
- Open23 Sept 2026
- Close25 Sept 2026
- Allotment28 Sept 2026
- Listing30 Sept 2026
Overview
Estimated from the current subscription figures. Tap a category to work it out for your application size.
- QIB
- 1x
- NII
- 20.99x
- Retail
- 1.39x
₹54 (+0.00%)
GMP trend
Unofficial grey market quotes, times in IST
Outer ring: estimated gain
How the score adds up
The overall score is the average of these five, nudged by QIB demand once bidding closes.
- Financials7.0
- Performance8.0
- Flexibility8.0
- Timing7.0
- Risk4.0
The Grey Market Premium (GMP) is currently at 0.00%, indicating no expected premium on listing. Despite strong financial performance and growth potential, the high risk factors, particularly customer concentration and regulatory issues, may dampen investor enthusiasm.
Strengths3
- Acquisition of AdLift Marketing, expanding service offerings and market reach.
- Significant revenue growth with a CAGR of 82.66% over the last three fiscal years.
- Diversified client base across multiple industries.
Concerns5
- Heavy reliance on Concept Communication Limited for revenue.
- High customer concentration with top 10 clients.
- Geographical concentration risk in Maharashtra.
- Ongoing material litigation and potential liabilities.
- High employee attrition rate of 44.24%.
Who gets shares
- QIB50%
- NII15%
- Retail35%
- Retail Minimum-- lots, - shares
- Retail Maximum-- lots, - shares
- S-HNI Minimum-- lots, - shares
- S-HNI Maximum-- lots, - shares
- B-HNI Minimum-- lots, - shares
| Application | Lot size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | - | - | - |
| Retail Maximum | - | - | - |
| S-HNI Minimum | - | - | - |
| S-HNI Maximum | - | - | - |
| B-HNI Minimum | - | - | - |
Timing
7.0/10The timing appears favorable given the company's recent transition to a public entity and the strategic use of the BSE SME platform, which is designed to support smaller companies. This environment can provide a supportive backdrop for the IPO, attracting investors interested in emerging growth stories. However, the overall market conditions and investor sentiment towards SME listings will play a crucial role in the IPO's success.
- Time to market
- The company's conversion to a public limited entity in 2025 indicates a well-planned approach to market entry, suggesting readiness and strategic alignment with market opportunities. The use of the BSE SME platform is a strategic choice that aligns with the company's size and growth stage, potentially enhancing its appeal to investors seeking high-growth potential in smaller companies.
- How allotment works
- Basis of allotment finalized and shares credited to demat
- Market timing
- Favourable
- Time to market
- 8.0
- Listing on
- BSE SME
Key milestones
- 23 Sept 2026IPO Opens
- 25 Sept 2026IPO Closes
- 28 Sept 2026Basis of Allotment
- 29 Sept 2026Refunds Initiated
- 29 Sept 2026Credit to Demat Account
- 30 Sept 2026Listing Date
Financials
7.0/10- Revenue
- ₹60.89 Cr
- +143.3%
- Profit after tax
- ₹8.03 Cr
- +256.9%
- Net margin
- 13.2%
- +4.2 pts
- Assets
- ₹57.83 Cr
- +73.5%
- Return on equity
- 30.0
- Debt to equity
- 0.6
- Current ratio
- 1.66
- Revenue CAGR
- 50%
- ROCE
- 44.05%
- Return on net worth
- 25.36%
- NAV per share (₹)
- 21.45
Financial performance trend
Amount ₹ in croresLiqvd Digital India Limited shows strong revenue growth and profitability in FY2026, with a significant increase in net profit and revenue compared to FY2025. The company's financial position is bolstered by a substantial increase in total assets and equity, although it carries a moderate level of current liabilities. The acquisition of subsidiaries has contributed to the growth in revenue and assets.
Risk
4.0/10Read this score as a safety rating: 10/10 means the lowest risk, 1/10 the highest.
Where the risks sit
- Financial risks3
- Market risks2
- Operational risks2
- Regulatory risks1
High customer concentration, litigation, and regulatory issues pose significant risks. Heavy reliance on key clients and industries increases vulnerability.
How the company offsets these
Diversifying client base and geographical presence can mitigate concentration risks.
Financial risks3
- Heavy reliance on Concept Communication Limited for revenue.
- High customer concentration with top 10 clients.
- Ongoing material litigation and potential liabilities.
Market risks2
- Intense competition in the marketing industry.
- Geographical concentration risk in Maharashtra.
Operational risks2
- High employee attrition rate of 44.24%.
- Reliance on short-term client contracts.
Regulatory risks1
- Regulatory issues and statutory dues delays.
Performance
8.0/10Liqvd Digital India Limited, founded in 2013, is a creative-first agency offering comprehensive digital marketing solutions. The company has shown significant growth, particularly after acquiring AdLift Marketing, which expanded its service offerings to include SEO and performance marketing. The acquisition has also allowed the company to venture into the U.S. market. Revenue has grown substantially, with a CAGR of 82.66% over the last three fiscal years, primarily due to the consolidation of AdLift's financials. The company has a diversified client base across various industries, with a significant portion of revenue derived from repeat customers.
- Historical growth
- The company has experienced substantial revenue growth, particularly in Fiscal 2026, due to the acquisition of AdLift Marketing., 82.66% CAGR over the last three fiscal years.
- Market comparison
- Liqvd Digital India Limited operates in a competitive digital marketing landscape with over 500 agencies in India. The company differentiates itself with a comprehensive service offering and strategic acquisitions.
- Future potential
- The company is expected to continue growing by leveraging technology, expanding its client base, and exploring new markets.
- Operational consistency
- The acquisition of AdLift Marketing has significantly boosted revenue and expanded service offerings, contributing to stable growth.
- Experience
- The management team has significant industry experience, with promoters having over 38 years of experience.
- Track record
- The management has successfully expanded the company's service offerings and market reach through strategic acquisitions.
Key achievements
- 01Acquisition of AdLift Marketing, expanding service offerings and market reach.
- 02Significant revenue growth with a CAGR of 82.66% over the last three fiscal years.
- 03Diversified client base across multiple industries.
Flexibility
8.0/10The company has shown strong market adaptability by expanding its service offerings through strategic acquisitions and leveraging technology to enhance its digital marketing solutions. Its presence in both domestic and international markets, particularly through AdLift Inc in the USA, further underscores its adaptability to diverse market conditions.
The company exhibits financial stability with a growing revenue base and a manageable debt-equity ratio. The acquisition of AdLift Marketing has contributed to a significant increase in revenue, although the reliance on a few key clients poses a potential risk.
Liqvd Digital India Limited has demonstrated operational agility by integrating new services and technologies, such as AI-driven content creation and performance marketing, into its operations. The development of in-house platforms like iManage and Tesseract further enhances its operational efficiency.
Liqvd Digital India Limited demonstrates strong flexibility and adaptability through its diversified service offerings, strategic acquisitions, and technological investments. The company has expanded its capabilities significantly with the acquisition of AdLift Marketing, enhancing its service portfolio to include SEO and performance marketing. Its financial growth, driven by both organic and inorganic strategies, indicates robust adaptability to market demands.
- Product diversification
- The company offers a wide range of digital marketing services, including media planning, content creation, SEO, and performance marketing, making it a one-stop solution for clients.
- Future adaptability
- The company's focus on technology and AI, along with its strategic expansion into international markets, positions it well for future adaptability and growth in the evolving digital marketing landscape.
The data on this page has been reviewed manually by the IPO Milega research team. It is not investment advice, and IPO Milega accepts no responsibility for losses arising from any investment decision. Investments in the securities market are subject to market risks. Read all the related documents, including the full prospectus, carefully before investing.