Yaap Digital Ltd. plans to list on NSE Emerge, the SME segment of the National Stock Exchange of India, through its IPO. Face value is ₹10 per share. The fresh issue size is about ₹80.11 crore. The price band is ₹138 to ₹145. Bidding is scheduled from 25 February 2026 to 27 February 2026. Allotment is expected on 2 March 2026. Listing is tentatively planned for 5 March 2026.
One lot is 1,000 shares. Retail applications start at 2 lots, or 2,000 shares. That is ₹2,90,000 at the upper price. The sNII entry level is 3 lots, or 3,000 shares.At the cap price, the application value works out to ₹4,35,000. The bNII minimum is 7 lots, or 7,000 shares. It works out to ₹10,15,000 at the upper price.
Yaap Digital Ltd. IPO Details
The table below sums up the headline issue details at a glance.
| Particulars | Details |
| IPO Opens | 25 Feb 2026 |
| IPO Closes | 27 Feb 2026 |
| IPO Lot Size | 1000 shares |
| Face value | ₹10 per share |
| Price Band | ₹138 to ₹145 per share |
| Issue Price | To be finalised after book building (within the price band) |
| Fresh Issue | Up to 55,25,000 equity shares |
| Issue Type | Book-built issue |
| Listing at | NSE SME |
| Total Issue | 55,25,000 equity shares |
| Minimum Investment | 2,000 shares |
Timeline of the Yaap Digital Ltd. IPO
These are the dates that guide the application and post-issue process.
| Particular | Date / time |
| Bidding opens | 25 Feb 2026 |
| Bidding closes | 27 Feb 2026 |
| Basis of allotment | 02 Mar 2026 |
| Refunds begin (if applicable) | 04 Mar 2026 |
| Shares credited to demat | 04 Mar 2026 |
| Listing on NSE Emerge | 05 Mar 2026 |
| UPI mandate approval deadline | 27 Feb 2026, 5 pm IST |
Yaap Digital Ltd. Key Performance Indicator
Yaap Digital Ltd.’s core KPIs’ are summarised below.
| KPIs | FY 2023 | FY 2024 | FY 2025 |
| ROE (%) | -31.06 | 29.23 | 74.11 |
| ROCE(%) | -1.71 | 21.55 | 45.07 |
| Debt Equity (times) | 2.74 | 2.29 | 1.02 |
| RoNW (%) | -36.1 | 25.19 | 53.63 |
| PAT Margin (%) | -3.35 | 2.23 | 7.82 |
| EBITDA margin(%) | -0.9 | 5.31 | 10.26 |
Yaap Digital Ltd. Financials
Here is a quick view of the company’s key financial numbers-
| Particulars (₹ crore) | 2023 | 2024 | 2025 |
| Revenue (from operations) | 77.58 | 112.55 | 152.54 |
| Total Asset (as at year-end) | 52.18 | 90.78 | 115.1 |
| Profit (Profit for the year / PAT) | -2.6 | 2.51 | 11.93 |
Yaap Digital Ltd. IPO Subscription Status
Subscription Details Not Yet Available
Subscription information will be displayed once the bidding process starts.
Bidding is open from 10:00 AM to 5:00 PM on public issue days.
Yaap Digital Ltd. IPO Reservation
The offer is split across investor segments as per the table below:
| Category | Shares offered | % of total issue |
| Market Maker shares offered | 2,80,000 | 5.07% |
| QIB shares offered (total) | Up to 26,22,500 | Up to 47.47% |
| NII (HNI) shares offered | Not less than 7,86,750 | Not less than 14.24% |
| Retail shares offered | Not less than 18,35,750 | Not less than 33.23% |
| Total shares offered | 55,25,000 | 100% |
Lot Size of the Yaap Digital Ltd. IPO
The table shows the allowed application sizes by lot-
| Investor Type | Lots | Shares | Amount |
| Individual Investors – Retail (Minimum) | 2 | 2,000 | ₹2,90,000 |
| Individual Investors – 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 |
Anchor Investors in the Yaap Digital Ltd. IPO
Anchor allocation information for the issue is captured in the table below-
| Particulars | Details |
| Anchor Bidding Date | Tuesday, 24 February 2026. |
| Shares Offered | Up to 15,73,500 equity shares |
| Portion Size | Up to ₹22.82 crore |
| 30 Days Lock-in for 50% shares | 01 Apr 2026 |
| 90 Days Lock-in for remaining shares | 31 May 2026 |
About Yaap Digital Ltd.
Yaap Digital Limited was incorporated on 9 March 2016 under the name Yaap Digital Private Limited. It was later converted into a public limited company on 28 January 2025. The Managing Director is Atul Jeevandharkumar Hegde. The business is promoter-led, with Sudhir Menon and Subodh Menon also named as promoters. It operates in digital marketing and martech. Services include influencer marketing, content creation, performance marketing, UI and UX design, media buying and marketing analytics.
Here are the issue intermediaries:
| Particular | Name |
| Book running lead manager | Socradamus Capital Private Limited |
| Registrar of the issue | MUFG Intime India Private Limited |
Objectives of the Yaap Digital Ltd. IPO
The net proceeds are intended for a mix of acquisition-related funding, capacity build-out and day-to-day funding needs.
| Particulars | Amount (in ₹ Cr) |
| Part payment towards the proposed acquisition of GoZoop Online Private Limited | 34 |
| Capital spend to set up an AI-led short-form content production hub (ACP Hub) | 4.01 |
| Additional working capital requirements | 16 |
| Unidentified acquisitions and general corporate purposes | – |
Strength Of Yaap Digital Ltd.
- Clear “digital-first” positioning: The company describes itself as built for digital channels from day one, with a focus on where ad spend is moving (digital ads, short-form video, influencer marketing).
- Data, content and technology under one roof: It describes an integrated model that combines strategy, content creation, influencer marketing, paid media, and performance analytics.
- Diversified client base and repeat business: It served over 90 clients in FY2025 and operates across multiple sectors such as BFSI, FMCG, automotive, retail and e-commerce. It also reports a high share of revenue coming from repeat clients across recent fiscals.
- Leverage and cash cycle look supportive: It reports a debt-to-equity ratio of 1.02x (FY2025) versus 2.74x (FY2023), plus a negative working-capital cycle in FY2025.
Risk of Yaap Digital Ltd.
- Client concentration: Revenue is heavily tied to a small set of customers. The top 10 customers made up 86.94% of revenue in FY2023, 88.87% in FY2024 and 84.41% in FY2025, with a single customer contributing a very large share in each year.
- Supplier/vendor concentration: The top 10 suppliers were 72.79% of direct expenses in FY2025. If pricing or terms change, or a key vendor relationship breaks, margins and delivery can take a hit.
- Sector exposure: A substantial part of revenue comes from a few industry verticals, so slowdowns in those segments can reduce client spends. For example, BFSI is a large contributor across the years shown, which increases sensitivity to that sector’s business cycle.
- Technology and data analytics risk: The need to keep upgrading analytics capabilities, including AI and automation, and the risk that data-led outputs may be inaccurate or outdated. Costs and execution challenges around new technology adoption can also affect results.
Yaap Digital Ltd. IPO Review
Yaap Digital Limited operates in the digital advertising and media marketing space, offering services such as digital marketing, influencer services and social media management, with its IPO proposed to list on NSE Emerge.
The company has reported higher revenue from operations in FY2025 (₹152.54 crore vs ₹112.61 crore in FY2024) alongside stronger profitability, although operating cash flow turned negative in FY2025, which signals working-capital pressure.
It also has concentration risk, with the top 10 customers contributing 84.41% of FY2025 revenue, and it is pursuing the acquisition of GoZoop Online Private Limited plus an AI-led content production hub, so investors should assess client stickiness, cash discipline and integration execution before making a decision.
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Yaap Digital Ltd. IPO FAQs
Subscription runs from 25 February 2026 to 27 February 2026 on NSE Emerge. Yaap Digital Limited is offering up to 55,25,000 new shares at ₹138 to ₹145, aiming to raise about ₹80.11 crore.
Use your broker or bank app to place an ASBA bid, with quantity in multiples of the lot size and a price within the band. Enter your own UPI ID and approve the mandate by 5:00 pm on the closing day.
It comes down to your comfort with SME liquidity and sharper price moves. FY2025 revenue from operations of ₹152.54 crore and profit after tax of ₹11.93 crore. However, operating cash flow was negative in FY2025. Also, top 10 customers contributed 84.41% of FY2025 revenue, which raises concentration risk.
Returns are uncertain. Outcomes depend on demand at listing, liquidity on NSE Emerge, and how earnings and cash flow hold up.
Bidding starts on 25 February 2026. Applications close on 27 February 2026, subject to any change in the schedule.
One lot is 1,000 shares. Your broker app will show the minimum bid in lots for your investor category.
Allotment is expected to be finalised on 2 March 2026. You can check the status on your broker app or the registrar’s website once it is updated.
Shares are expected to list on 5 March 2026 on NSE Emerge. The date can shift if the process timeline changes.
