New Delhi, 05 March (H.S.): Shares of Yaap Digital Limited, a next-generation firm specializing in digital content design, discovery, and distribution, made a subdued entry on the stock market today, listing at a discount and leaving IPO investors disappointed despite hitting the upper circuit.

The company's shares, issued at ₹145 per share through its IPO, debuted on the NSE SME platform at ₹127—a 12.4% discount. Buoyant buying post-listing propelled the stock to its upper circuit limit of ₹133.35.

Even so, IPO allottees faced a first-day loss of ₹11.65 per share, equivalent to 8.03%.Yaap Digital's ₹80.11 crore IPO, open for subscription from February 25 to 27, garnered a moderate response, oversubscribed 4.26 times overall. The QIB portion was subscribed 8.29 times, NIIs at 5.05 times, and retail investors at 1.61 times.

The issue involved 5.525 million fresh equity shares of ₹10 face value, with proceeds earmarked for working capital requirements and general corporate purposes.Financially, the company has demonstrated steady improvement as per its SEBI-filed Draft Red Herring Prospectus. It reported a net loss of ₹2.60 crore in FY23 but swung to a profit of ₹2.51 crore in FY24, escalating to ₹11.93 crore in FY25; for the nine months ended December 31, 2025, net profit reached ₹9.21 crore.

Revenue growth has been robust, rising from ₹78.04 crore in FY23 to ₹113.06 crore in FY24 and ₹154.40 crore in FY25, with ₹91.42 crore accrued by December 31, 2025, in the current fiscal year.

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Hindusthan Samachar / Jun Sarkar