Yaap Digital IPO will open for public subscription on February 25, 2026 and will close on February 27, 2026. The IPO is being launched by Yaap Digital Ltd. as a book build issue. The company plans to raise around ₹80.11 crores through a fresh issue of ₹80.11 crores, with a face value of ₹10 per equity share.
The IPO price band is fixed at ₹138 to ₹145 per share. The basis of allotment is expected to be finalised on March 2, 2026 and the shares are proposed to be listed on NSE SME on March 5, 2026. Based on recent financial growth and profitability improvement, the issue is suitable for long-term investors with moderate risk appetite.
Contents
Yaap Digital IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | February 25, 2026 |
| IPO Close Date | February 27, 2026 |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹138 to ₹145 per share |
| Issue Size | Approx ₹80.11 crores |
| Fresh Issue | Approx ₹80.11 crores |
| Issue Type | Book build issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
Yaap Digital IPO
Open: 25-27 Feb
Issue Size: ₹80.11 Cr.
Objective: IPO will fund GoZoop acquisition, AI content hub, working capital, growth
Exchange: NSE SME
Yaap Digital IPO Review
The overall view on the Yaap Digital IPO is neutral. The company has demonstrated strong revenue growth and a sharp improvement in profitability in FY2025, supported by rising demand for digital content, marketing automation and performance-led campaigns
The proposed acquisition and investment in AI-led content infrastructure can enhance long-term competitiveness. However, execution risk related to acquisitions, high dependence on client budgets and a competitive digital services landscape remain key concerns.
Investors should consider this issue mainly from a medium to long-term growth perspective rather than short-term listing gains.
Yaap Digital IPO Market Lot
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,000 | ₹2,90,000 |
| Retail Maximum | 2 | 2,000 | ₹2,90,000 |
| S-HNI Minimum | 3 | 3,000 | ₹4,35,000 |
| S-HNI Maximum | 6 | 6,000 | ₹8,70,000 |
| B-HNI Minimum | 7 | 7,000 | ₹10,15,000 |
IPO Reservation
| Investor Category | Share Offered | Shares (%) |
|---|---|---|
| Anchor Investor | 15,73,000 shares | 28.47% |
| QIB (Excluding Anchor) | 10,49,000 shares | 18.99% |
| NII | 7,87,000 shares | 14.24% |
| Retail | 18,36,000 shares | 33.23% |
Yaap Digital IPO Anchor Investors
| Particulars | Details |
|---|---|
| Anchor Bidding Date | February 24, 2026 |
| Anchor Investors List | View PDF |
| Shares Offered | 15,73,000 shares |
| Anchor Size | ₹22.81 crore |
| Lock-in end date (50% – 30 days) | April 1, 2026 |
| Lock-in end date (50% – 90 days) | May 31, 2026 |
Yaap Digital IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | February 25, 2026 |
| IPO Close Date | February 27, 2026 |
| Basis of Allotment | March 2, 2026 |
| Refunds | March 4, 2026 |
| Credit to Demat Account | March 4, 2026 |
| IPO Listing Date | March 5, 2026 |
| IPO Bidding Cut-off Time | February 27, 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Atul Jeevandharkumar Hegde, Sudhir Menon and Subodh Menon.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding (Pre Issue) | 1,54,08,000 | 80.19% |
| Promoter Holding (Post Issue) | 2,09,33,000 | – |
Objects of the Issue
The company proposes to utilise the net proceeds primarily towards part payment of the purchase consideration for the proposed acquisition of GoZoop Online Private Limited amounting to ₹34.00 crores. An amount of ₹4.01 crores will be used for capital expenditure towards establishing an AI-led short-form content production hub.
Further, ₹16.00 crores will be deployed to meet incremental working capital requirements. The balance amount will be utilised for funding inorganic growth through unidentified acquisitions and for general corporate purposes.
About Yaap Digital IPO
Yaap Digital Private Limited was incorporated in 2016 and is a digital content and marketing services agency offering integrated solutions across design, content, performance media, UI/UX, media buying, analytics and brand communication. The company operates across India, the UAE and Singapore under the YAAP brand.
It has partnered with more than 100 creators across over 20 countries and has produced over 3,500 pieces of content. Several of its campaigns have crossed one million views within short execution timelines, strengthening its visibility among digital-first brands.
Yaap Digital IPO Company Financial Report
Amount in ₹ crores
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | 0.47 | 79.70 | 2.60 | 52.18 |
| 2024 | 113.06 | 108.41 | 2.51 | 90.78 |
| 2025 | 154.40 | 138.80 | 11.93 | 115.10 |
| Dec 2025 | 91.42 | – | 9.21 | 82.86 |
Business Analysis and Financial Health
Yaap Digital has positioned itself as an integrated digital content and performance marketing platform serving brands across multiple geographies. In FY2025, the company recorded revenue of ₹154.40 crores with profit after tax of ₹11.93 crores, reflecting a sharp improvement in operational efficiency compared to FY2024.
The expansion into AI-led content production and strategic acquisition of a digital agency platform are expected to support scalable campaign execution and higher-margin services. The company reports healthy return ratios, with ROE of 74.11% and RoNW of 53.63%, indicating efficient capital utilisation.
However, the digital services business remains exposed to client marketing spend cycles and rapid technology changes. Sustained integration of acquisitions and stable client retention will be critical for maintaining long-term growth and profitability.
Yaap Digital IPO Valuation – FY2025
| KPI | Values |
|---|---|
| ROE | 74.11% |
| ROCE | 45.07% |
| EBITDA Margin | 10.26% |
| PAT Margin | 7.82% |
| Debt to equity ratio | 1.02 |
| Earnings Per Share (EPS) | ₹7.95 (Basic) |
| Price/Earnings (P/E) | N/A |
| Return on Net Worth (RoNW) | 53.63% |
| Net Asset Value (NAV) | ₹14.83 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW | NAV | Income |
|---|---|---|---|---|---|
| Vertoz Limited | 3.01 | 25.89 | 13.48% | 22.34 | – |
| Digicontent Limited | 4.18 | 8.85 | 88.95% | 4.70 | – |
IPO Lead Managers (Merchant Bankers)
| Name |
|---|
| Socradamus Capital Pvt. Ltd. |
Company Address
| Particular | Details |
|---|---|
| Company Name | Yaap Digital Ltd. |
| Address | 802, 8th Floor, Signature by Lotus, Veera Desai Road, Andheri West, Mumbai, Maharashtra – 400053 |
| Phone | 022 5050 8091 |
| investor@yaap.in | |
| Website | https://yaap.in/ |
IPO Registrar
| Particular | Details |
|---|---|
| Registrar | MUFG Intime India Pvt. Ltd. |
| Phone | +91-22-4918 6270 |
| yaapdigital.smeipo@in.mpms.mufg.com | |
| Website | https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
Yaap Digital IPO FAQs
What is Yaap Digital IPO?
Yaap Digital IPO is an SME IPO. The company plans to raise ₹80.11 crores through the public issue. The price band is ₹138 to ₹145 per equity share and the IPO will be listed on NSE SME.
When will Yaap Digital IPO open for subscription?
The IPO will open on February 25, 2026 for QIB, NII and retail investors and will close on February 27, 2026.
What is Yaap Digital IPO investors’ portion?
The investors’ portion is 50% for QIB, 15% for NII and 35% for retail investors.
How to apply for the Yaap Digital IPO?
Investors can apply through ASBA using their bank account, through UPI via their stock broker, or by submitting an offline application form.
What is the Yaap Digital IPO issue size?
The total issue size of the IPO is ₹80.11 crores.
What is the Yaap Digital IPO price band?
The price band is ₹138 to ₹145 per share.
What is the Yaap Digital IPO lot size?
The minimum bid size is 2,000 shares with an application amount of ₹2,90,000.
What is the Yaap Digital IPO allotment date?
The allotment is expected to be finalised on March 2, 2026.
What is the Yaap Digital IPO listing date?
The IPO is scheduled to be listed on March 5, 2026 on NSE SME.
Expert Comment
Yaap Digital offers exposure to the fast-growing digital marketing and content services segment with improving financial performance and strong return ratios. The proposed acquisition and AI-led production hub can enhance service depth and client stickiness.
However, execution discipline and integration of acquisitions will be crucial. Long-term investors with moderate risk tolerance may consider the issue while tracking client diversification and cash flow stability.
