Two companies have submitted their IPO draft red herring prospectuses to the market regulators to raise funds through public listings. Digital marketing firm Liqvd Digital India Limited is targeting the small and medium enterprise platform. Security services provider Stalwart People Services India Limited is entering the main stock exchanges.
Liqvd Digital Plans Expansion on BSE SME Platform
Liqvd Digital India Limited operates as an end-to-end creative marketing agency. The company filed its draft papers to launch an SME initial public offering worth 37 crore rupees. This public issue contains a fresh issue of shares along with an offer for sale by specific promoter owners. The company wants to list its equity shares on the BSE SME platform.
Arnab Mitra serves as the Chairman and Managing Director of the firm. The company bought a majority stake in AdLift Marketing Private Limited in April 2025. The management will use a part of the fresh issue money to buy the remaining 23.21% stake in AdLift.
The firm will also invest 915.45 lakh rupees from the fresh capital to build a Full Scale VCP Hub. This hub will help the agency become an AI-integrated content partner for corporate brands. The company currently uses an artificial intelligence laboratory named Tesseract. This platform was developed by the AdLift Group to automate content creation and analyze consumer insights. The software helps brands track their presence across digital search tools like ChatGPT and Perplexity along with Gemini.
Stalwart People Services Files for Mainboard Issue
Stalwart People Services India Limited provides integrated security and facility management solutions. The firm filed its draft documents with SEBI to launch its initial share sale. This public issue is a combination of a fresh share issuance worth 150 crore rupees and an offer for sale. The promoters Caroline Mendez and Christopher Arvinth will sell 5,264,151 equity shares through the offer for sale.
The firm plans to list its shares on both the National Stock Exchange and the Bombay Stock Exchange. The company might perform a pre-IPO placement worth up to 22.50 crore rupees before the official launch. The management will utilize the fresh capital to fund daily working capital needs and repay corporate debts.
Bajaj Capital Securities is the sole book-running lead manager for this issue. KFin Technologies will work as the official registrar. The company reserved the total issue size for different investor groups:
- Qualified Institutional Buyers get 50% of the issue
- Non-Institutional Investors get 15% of the issue
- Retail Investors receive 35% of the issue
The security provider employs a total staff strength of 25,070 personnel. The company offers physical guarding along with artificial intelligence video analytics through its own platform called Intelisenz. The business handles more than 1,099 clients across 2,752 locations inside 23 states and three union territories. The company also operates inside two Middle Eastern countries. Its prominent corporate clients include Yes Bank Limited and Zepto along with PVR Inox. The customer base also includes Century Panels and the G Narayanamma Institute of Technology and Science.
Disclaimer: This article covers recent stock market filings for information purposes only. Investors must talk to a registered financial expert before investing in mainboard or SME public issues.