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SME IPO: Liqvd Digital India issue to open on Sep 23; price band fixed at ₹51-54

The company fixes a price band of ₹51-54 per equity share

SME IPO: Liqvd Digital India issue to open on Sep 23; price band fixed at ₹51-54

Digital marketing solutions provider Liqvd Digital India Ltd has announced that its ₹39-crore initial public offering (IPO) will open for subscription on September 23, with a price band set at ₹51-54 per equity share. The three-day issue will conclude on September 25, and shares are proposed to be listed on the BSE SME platform.

The 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. Funds raised will be used for various purposes, including the acquisition of a stake in AdLift Marketing Pvt Ltd, setting up a video content production hub, and incremental working capital requirements.

Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

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