Business · India Bureau
Liqvd Digital India launches ₹39-crore IPO with September 23 opening
Digital marketing solutions provider Liqvd Digital India Ltd has announced its public offering, with subscription commencing on September 23 at a price band of ₹51-54 per share. The three-day issue will conclude on September 25, with listing planned on the BSE SME platform.
LSN India ·
Liqvd Digital India Ltd unveiled details of its ₹39-crore initial public offering on Sunday, marking the company's entry into public markets. The IPO comprises a fresh issue of ₹34.14 crore and an offer-for-sale of 9.02 lakh equity shares valued at ₹4.87 crore at the upper end of the price band. Promoter Arnab Mitra is divesting shares as part of the offer-for-sale component.
Subscription to the offering will commence on September 23 and conclude on September 25, with shares proposed for listing on the BSE SME platform. The company has priced each equity share between ₹51 and ₹54.
Proceeds from the fresh issue will be deployed across multiple growth initiatives. The company plans to allocate ₹9 crore towards acquiring a 23.21 per cent stake in AdLift Marketing Pvt Ltd, while ₹10.59 crore will fund the establishment of a full-scale video content production facility. An additional ₹6.57 crore has been earmarked for working capital requirements, with remaining funds reserved for strategic acquisitions and general corporate purposes.
The digital marketing solutions provider's expansion plans underscore its strategy to strengthen its service portfolio and production capabilities in the competitive digital marketing space.