Yaap Digital Limited, a digital marketing, content, and technology services company operating across India, the UAE, and Singapore, has announced its Initial Public Offering (IPO) on the NSE SME platform.
The subscription will open on February 25, 2026, and close on February 27, 2026, with a price band of ₹138 to ₹145 per share. Track all the IPOs of 2026 at our upcoming and live IPO section which is updated regularly.
The company offers services including influencer marketing, performance marketing, and UI/UX design.
The 100% book-built fresh issue of 66,00,000 equity shares aims to raise approximately ₹80.11 Crores.
Proceeds are earmarked for funding the proposed acquisition of a majority stake in GoZoop Online Private Limited (₹34 Crores), establishing an AI-led short-form content production hub (₹4 Crores), and meeting working capital requirements (₹16 Crores).
In this article, you will find Yaap Digital IPO GMP today, price band, and a detailed review.
For subscription status, check our dedicated subscription section and for the allotment related information, visit our regularly updated IPO allotment status hub page.
Briefs of Yaap Digital IPO Details:
- Price Band: ₹138 – ₹145 per equity share
- IPO Open / Close Dates: February 25, 2026 – February 27, 2026
- Lot Size: 1,000 Shares (Note: Minimum Retail Application is 2 Lots / 2,000 Shares as per minimum bid value)
- Issue Size: 55,25,000 Equity Shares / ~₹80.11 Crores
- Fresh Issue: 100% Fresh Issue
- Registrar: MUFG Intime India Private Limited
- Listing Exchange: NSE SME
What Is The Yaap Digital IPO GMP Today?
You can check the GMP of this and other issues at our GMP today hub page.
Note: The Grey Market Premium (GMP) changes daily based on market demand. It is an unofficial indicator and is not regularised by SEBI, NSE, or BSE. Investors should not rely solely on GMP for investment decisions.
What Are The Important Yaap Digital IPO Dates & Allotment Schedule?
For investors planning their capital allocation, here is the critical timeline for the issue:
- IPO Open Date: Wednesday, February 25, 2026
- IPO Close Date: Friday, February 27, 2026
- Basis of Allotment Date: Monday, March 2, 2026
- Refund Initiation Date: Wednesday, March 4, 2026
- Credit of Shares: Wednesday, March 4, 2026
- Listing Date: Thursday, March 5, 2026
What Are The Objectives of Yaap Digital IPO?
The company proposes to utilize the Net Proceeds from the Fresh Issue towards the following strategic purposes:
- Strategic Acquisition: A substantial ₹34.00 Crores is earmarked for the part payment towards acquiring GoZoop Online Private Limited, a move aimed at enhancing scale and capabilities.
- Working Capital: ₹16.00 Crores will be used to fund incremental working capital requirements, essential for managing the extended receivable cycles from large enterprise clients.
- Capital Expenditure: ₹4.01 Crores is allocated for setting up an AI-led short-form content production hub.
- General Corporate Purposes: To fund ongoing operational needs and inorganic growth opportunities.
How is The Financial Performance of Yaap Digital?
The following table summarizes the financial performance of the company based on restated consolidated financial statements.
(Figures in ₹ Crores)
| Particulars | Period Ended 31 Dec 25 | Period Ended 31 Mar 25 | Period Ended 31 Mar 24 | Period Ended 31 Mar 23 |
Total Income | 91.42 | 154.40 | 113.06 | 78.04 |
Profit After Tax (PAT) | 9.21 | 11.93 | 2.51 | (2.60) |
EBITDA | 12.50 | 15.65 | 5.98 | (0.70) |
Total Borrowing | 25.35 | 22.80 | 22.74 | 19.71 |
Assets | 82.86 | 115.10 | 90.78 | 52.18 |
Source: RHP
Financial Analysis & Observations:
Total Income:
Yaap Digital reported Total Income of ₹154.40 Crores in FY25, reflecting robust growth of nearly 37% over FY24. The revenue momentum continued in the nine months ended December 2025 with ₹91.42 Crores, driven by expansion into high-growth verticals like BFSI and FMCG.
Profit After Tax (PAT):
The company achieved a significant turnaround, posting a profit of ₹11.93 Crores in FY25 after a loss in FY23. This profitability is attributed to better cost management and operational leverage, with net margins improving substantially as the company scaled its service offerings.
EBITDA:
Operational efficiency has improved markedly, with EBITDA turning positive to ₹15.65 Crores in FY25 from a loss in FY23. The EBITDA margin expansion to ~13.86% in the recent period indicates the company's ability to command better pricing for its tech-driven marketing solutions.
Total Borrowing:
Debt levels stood at ₹25.35 Crores as of December 2025, largely comprising unsecured loans from promoters to support liquidity. While this demonstrates promoter commitment, the reliance on short-term funding highlights the need for the IPO proceeds to stabilize the working capital structure.
Assets:
The asset base was ₹82.86 Crores as of December 2025. A key concern is the rise in trade receivables, which has stretched the working capital cycle (receivable days increased to 153 days), tying up significant cash in operations.
What is The P/E Ratio and Peer Comparison?
Based on its Fiscal Year 2025 earnings per share (EPS) of ₹7.95, the IPO is priced at a Price-to-Earnings (P/E) multiple of approximately 18.24x at the upper end of the price band (₹145).
P/E Ratio = ₹145(Price) / ₹7.95(Earnings Per Share)
P/E Ratio ≈ 18.24x
Peer Comparison Table (FY 2025 Data):
| Company | P/E Ratio | RoNW (%) | EPS (₹) |
Yaap Digital | 18.24 | 53.63 | 7.95 |
| Vertoz Limited | 17.12 | 13.48 | 3.01 |
| Digicontent Limited | 6.78 | 88.95 | 4.18 |
Analysis:
Yaap Digital is entering the market at a P/E multiple of approximately 18.24x based on its FY25 EPS.
While this valuation is at a premium to the industry composite P/E of 11.95x and peers like Digicontent (6.78x), it is comparable to Vertoz Limited (17.12x). Notably, Yaap Digital has a Return on Net Worth (RoNW) of over 53%, significantly outperforming Vertoz, which suggests efficient capital utilization and justifies a potential valuation premium for growth.
What is the Industry Outlook Yaap Digital Limited?
Growth Potential:
The digital advertising market is projected to grow at a CAGR of 12.8% through 2031. With brands shifting budgets to digital channels, agencies offering integrated tech and content solutions are well-positioned to benefit.
Market Trends:
There is a growing demand for data-driven performance marketing and influencer-led campaigns. Yaap's focus on "Design, Discovery, and Distribution" aligns with the need for holistic digital strategies.
What Are The Strengths and Risks of Yaap Digital IPO?
Strengths:
- Acquisition-Led Strategy: The planned acquisition of GoZoop is a clear growth catalyst that will add scale and complementary capabilities.
- High Client Retention: With over 86% of revenue coming from repeat clients, the company demonstrates strong relationship management and service quality.
- Profitability Turnaround: The shift from losses to double-digit EBITDA margins showcases successful operational restructuring.
Risks:
- Negative Cash Flows: The company reported negative operating cash flows recently due to high working capital needs. Continued cash burn is a key risk.
- Working Capital Cycle: Receivable days have stretched to over 150 days, indicating delays in payments from clients which can strain liquidity.
- Client Concentration: The top 10 clients contribute a significant portion of revenue (over 64%). Loss of a key account could impact financials.
Key Considerations for Investors
This analysis is neutral and for informational purposes only.
- Valuation: At ~18x P/E, the pricing factors in future growth from acquisitions.
- Liquidity: The minimum investment of ₹2.90 Lakhs is high, effectively categorizing retail applicants as small HNIs.
- Risk Profile: While the growth story is compelling, the negative cash flows and high receivables warrant close monitoring.
Key Takeaways
- IPO Price: ₹145 per share (Upper Band).
- Min Investment: ₹2,90,000 (2,000 Shares).
- Allotment: March 2, 2026
- Listing: NSE SME platform on March 5, 2026.
FAQs on Yaap Digital IPO
What is Yaap Digital IPO GMP today?
The GMP is a dynamic market sentiment indicator. You can check it at our dedicated GMP section for the latest updates.
What is Yaap Digital IPO price band?
The price band is fixed at ₹138 to ₹145 per equity share.
What is Yaap Digital IPO allotment date?
The allotment status is expected to be finalized on Monday, March 2, 2026.
How to check Yaap Digital IPO allotment status?
Investors can check the status on the website of MUFG Intime India Private Limited or via the NSE IPO allotment portal.
What is Yaap Digital IPO listing date?
The shares are tentatively scheduled to list on Thursday, March 5, 2026.
Investment Perspective on Yaap Digital IPO
Yaap Digital offers a high-growth opportunity in the digital services space with a strong acquisition strategy. The valuation appears reasonable given the high return ratios, but investors must weigh the risks associated with negative cash flows and stretched working capital cycles.
Disclaimer:
This article is strictly for educational purposes. Please consult a SEBI-registered investment advisor before making any investment decisions.
