Recode Studios IPO
FPSMEBSEListed
Listed at
213.10
+34.87%
Recode Studios IPO is a SME fixed price IPO. Issue size is 45 Cr. Price band is ₹150 to ₹158 per share. Minimum investment is ₹2.53 L. Lot size is 800 shares. Open from 5 May 2026 to 7 May 2026. Allotment on 8 May 2026. Listing on 12 May 2026 at BSE. Managed by Seren Capital Pvt.Ltd. Registrar: mudra rta ventures private limited. Key details for GMP, subscription, price, allotment, and listing in one place.
Official documents: RHP.
Recode Studios IPO overview
Recode Studios IPO Key figures
Price band, lot, minimum application, and issue window at a glance.
Price band
₹150 to ₹158
Lot size
800 shares / lot
Min investment
₹2,52,800
Recode Studios IPO progress
Subscription, allotment, refund, share credit, and listing milestones.
Listed
Recode Studios IPO lot size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1,600 | ₹2,52,800 |
| S-HNI (Min) | 3 | 2,400 | ₹3,79,200 |
| S-HNI (UPI) | 3 | 2,400 | ₹3,79,200 |
| S-HNI (Max) | 7 | 5,600 | ₹8,84,800 |
| B-HNI (Min) | 8 | 6,400 | ₹10,11,200 |
Cut‑off within the price band is set after book‑building when applicable. SME issues often require at least two lots; mainboard retail typically bids one lot at cut‑off.
Quick Profit Calculator for Recode Studios IPO
Pre-filled: Issue Price = ₹158, Lot Size = 800 shares, Listing Price = ₹213.1
| Category | Lots | Investment | At listing | Profit |
|---|---|---|---|---|
| Retail (Min) | 2 | ₹2,52,800 | ₹213 | +₹88,160 |
| S-HNI (Min) | 3 | ₹3,79,200 | ₹213 | +₹1,32,240 |
| S-HNI (UPI) | 3 | ₹3,79,200 | ₹213 | +₹1,32,240 |
| S-HNI (Max) | 7 | ₹8,84,800 | ₹213 | +₹3,08,560 |
| B-HNI (Min) | 8 | ₹10,11,200 | ₹213 | +₹3,52,640 |
Profit based on the official listing price for each investor category.
About Recode Studios IPO
From the company / RHP narrative.
Incorporated in 2021, Recode Studio is an Indian beauty and personal care company operating under the brand “Recode.” Its business focuses on branding, sourcing and selling beauty and personal care products across India.
The company sells its products through an omnichannel network, which includes company-owned stores (COCO), franchise stores (FOFO), third-party e-commerce platforms, and our own website and mobile app.
Its product range includes make-up, skincare, body care, and beauty accessories. As of the date of this DRHP, we offer over 350 SKUs across different categories and price points, such as face, eye and lip makeup, as well as face and body care products.
Customers can buy the products both offline and online. Offline sales take place through COCO and FOFO stores. Online sales are made through its website and app, and through platforms like Amazon, Nykaa, Myntra and Flipkart.
As on September 30, 2025, the company operates a total of 24 stores across 14 states in India, comprising 3 Company-Owned Company-Operated (COCO) stores and 21 Franchisee-Owned Franchisee-Operated (FOFO) stores.
Its products are manufactured by third-party manufacturers in India.
Competitive Strengths
Omnichannel presence integrating offline and online platforms.
Diverse product range across beauty and personal care categories.
Digital Reach and Online Customer Engagement.
Experienced Board of Directors and Management Team.
Recode Studios IPO Issue Objective
How the issuer plans to use IPO proceeds.
Funding of Capital expenditure towards setup of a new Warehouse Facility at Ludhiana, Punjab
Marketing and advertisement expenses toward enhancing the awareness and visibility of brand
Utilization towards working capital requirements
General Corporate Purposes
Total
Recode Studios IPO FAQs
A quick overview of key terms, dates, and how to track this IPO.
What is Recode Studios IPO?
Recode Studios IPO is a public issue where the company offers its shares to investors through the stock exchange, allowing retail, HNI, and institutional participation.
What is the IPO price band of Recode Studios IPO?
The IPO price band of Recode Studios IPO is ₹₹150 to ₹158 per share, as mentioned in the issue details.
What is the minimum investment required for Recode Studios IPO?
The minimum investment in Recode Studios IPO is ₹2,52,800, based on the applicable lot size for retail investors.
What is the lot size of Recode Studios IPO?
The lot size of Recode Studios IPO is 800 shares per lot, and applications must be made in multiples of this lot size.
What are the opening and closing dates of Recode Studios IPO?
Recode Studios IPO opens on 5 May 2026 and closes on 7 May 2026, as per the announced schedule.
What is Recode Studios IPO subscription status?
Recode Studios IPO subscription status shows the level of demand across retail, HNI, and institutional investor categories during the issue period.
What is Recode Studios IPO GMP today?
Recode Studios IPO GMP (Grey Market Premium) today is around ₹42, reflecting current grey market activity before listing.
Is Recode Studios IPO GMP positive or negative?
Recode Studios IPO GMP is currently subject to change, based on prevailing grey market trends. GMP may change over time.
What does Recode Studios IPO GMP indicate for listing?
A positive Recode Studios IPO GMP may indicate market interest ahead of listing, while actual listing performance depends on subscription response and market conditions.
When is Recode Studios IPO listing date?
The expected listing date of Recode Studios IPO is 12 May 2026, subject to completion of the allotment process.
Where can I check Recode Studios IPO allotment status?
Recode Studios IPO allotment status can be checked online once the allotment process is completed using application or PAN details.
Can Recode Studios IPO subscription and GMP change before listing?
Yes, Recode Studios IPO subscription figures and GMP may change during the issue period and before listing based on market activity.
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