Liqvd Digital IPO Subscribed 5.08x on Final Day
CE DESK 
The Liqvd Digital India IPO closed with an overall subscription of 5.08 times on the third and final day of bidding on September 25, 2026, driven by strong interest from non-institutional investors.
According to stock exchange data, the initial public offering received bids for 3,86,12,000 equity shares against the 75,94,000 shares on offer. The public issue had previously recorded subscription figures of 1.03 times on Day 1 and 1.23 times on Day 2 before witnessing a sharp surge in momentum on the final day.
Non-Institutional Investors (NII) led the bidding, with their portion subscribed 21.02 times after receiving bids for over 3.07 crore shares against 14,64,000 shares reserved for the category. Within the NII segment, the big NII category (bids above Rs 10 lakh) was subscribed 27.11 times, while the small NII bucket recorded 2.33 times subscription.
Retail Individual Investors (RII) subscribed 1.43 times, placing bids for 56.80 lakh shares against 39,68,000 shares available. Qualified Institutional Buyers (QIB) fully subscribed their allocated quota of 21,62,000 shares, recording 1.00 time subscription.
The digital marketing and advertising company offered its shares within a fixed price band of Rs 51 to Rs 54 per equity share.
Proceeds from the public issue are earmarked to fund technology infrastructure, geographic expansion and general corporate requirements. The robust investor response reflects positive market sentiment toward digital agency networks and technology-led marketing service providers listed on Indian exchanges.
