Digital marketing agency Liqvd’s Rs.39-Cr IPO subscribed 5x

The INR 39-Cr initial public offering (IPO) of Mumbai-based Liqvd Digital India has been subscribed 5.08 times. Investors placed bids for 3.86 crore equity shares against the 75.94 lakh shares offered. The non-institutional investor category recorded demand at 21.02 times, while the retail investor portion was subscribed 1.43 times and the qualified institutional buyer portion was fully subscribed at 1.00 times.Incorporated in 2013, Liqvd Digital provides digital marketing services, including media planning, social media management, influencer marketing, and web and application development. The company serves enterprises, mid-sized brands, and direct-to-consumer (D2C) startups.