By Admin 
YAAP Digital IPO: The IPO of Yaap Digital, a company related to data science, artificial intelligence and performance marketing, is going to open next week. The company has submitted its red herring prospectus with market regulator SEBI. This IPO of SME segment is a completely fresh issue, which will open for subscription on 25th February and bidding for it can be done till 27th February. The shares are expected to be listed on NSE SME a week later.
What is the GMP of IPO?
As of February 21, the GMP (grey market premium) of Yap Digital’s IPO was 0. This means that Yap Digital is ready to be listed at the IPO issue price. However, the GMP of Yap Digital IPO may change after the issue opens. The company has not yet announced the price band for the IPO. The company said in its RHP that the lot size will be announced along with the price band of the IPO.
What is the size of the IPO?
This IPO is a fresh issue of 55 lakh shares. Since the price band of IPO has not been decided yet, the total IPO price could not be calculated. There is no offer-for-sale component in the public issue, which means shareholders are not selling their stake.
50 per cent of the net issue is reserved for qualified institutional buyers (QIBs), while the remaining 35 per cent is reserved for retail investors and 15 per cent for non-institutional investors (NIIs). Socradamus Capital Private Limited is the book-running lead manager of the issue. BigShare Services Private Limited is the registrar of Yap Digital IPO.
Use of IPO money
The company will use the funds raised from the IPO to partially pay for the acquisition of GoZoop Online Private Limited (GoZoop). Additionally, some money will be spent on creating an AI-led short-form content production hub. Also, the remaining money will be spent on funding incremental working capital, meeting working capital needs and meeting general corporate objectives.
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