Recode Studios
12 May '26SME
Min. Investment
₹2,40,000
Issue size
₹44.59 Cr
GMP
Locked
Overall subscription: 217.83x
Check allotment status
Expert verdict
IPO dates
05 May
Opening
07 May
Closing
08 May
Allotment
12 May
Listing
*Refunds will be initiated on 11 May '26
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1600 | ₹2,52,800 |
Subscription (as on 08 May 2026, 06:31 PM)
Overall217.83x
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
About company
Founded: 2021|MD: Mr Dheeraj Bansal
- Recode Studios is a beauty and personal care company operating in the cosmetics and personal care segment in India. The company is engaged in the branding, procurement, and distribution of products under the “Recode” brand, offering a portfolio of over 350 SKUs across categories such as face, eye, and lip make-up, skincare, body care, and beauty accessories.
- Its operations are supported by an omnichannel distribution network, which includes company-operated retail stores, franchise outlets, third-party e-commerce platforms, and its own website and mobile application.
- The company operates 22 physical retail stores, comprising both company-owned and franchisee-operated outlets, and manages six warehouses across India for storage and dispatch. Recode Studios does not own manufacturing facilities and sources its products through third-party manufacturers and imports, with a primary focus on product sourcing and distribution.
Issue Details & Objective
Lot size
800 Shares
Price band
₹150 to 158
Face value
₹10 per share
Financials
IPO reservation
Anchor investor - 28.40%
QIB - 18.96%
HNI - 14.29%
Retail - 33.22%
Download DRHP (IPO Doc)FAQs
Should I apply for the Recode Studios IPO?
Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
What is the issue size of Recode Studios IPO?
The issue size of Recode Studios IPO is ₹44.59 Cr
What are the open and close dates for Recode Studios IPO?
The Recode Studios IPO will be open for applications from 05 May '26 to 07 May '26
What is the lot size and minimum order quantity of Recode Studios IPO?
The lot size of Recode Studios IPO is 800 Shares and its minimum investment amount is ₹2,40,000.
What is the GMP value of Recode Studios IPO?
Grey market premium (GMP) is a premium amount at which grey market IPO shares are traded before they get listed in the stock exchange. The GMP for Recode Studios IPO is 44
