Recode Studios IPO Details
The Recode Studios IPO is a book build issue with a total issue size of ₹45 cr, comprising of fresh issue of 2358400 equity shares., and a offer for sale of 319200 equity shares. Recode Studios IPO opened for subscription on May 05, 2026 and closed on May 07, 2026. Recode Studios IPO is set price band at ₹150 to ₹158 per share, with a lot size of 800 shares. Minimum investment for Retail investors was ₹252,800.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on May 08, 2026, and listed on both the NSE and BSE on May 12, 2026.
**Mudra RTA Ventures Private Limited ** has been appointed as the registrar. Seren Capital Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Recode Studios IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 150 – 158
- Lot Size
- 800
- Issue Size
- ₹45 Cr
- Minimum Investment
- ₹252800 (1600 Shares)
- Listing Date
- 12 May 2026
Current GMP
₹43 (+27.22%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Recode Studios Limited
Incorporated in 2021, Recode Studio is an Indian beauty and personal care company operating under the brand “Recode.” The company focuses on branding, sourcing, and selling a wide range of beauty and personal care products across India.
Business Model
Recode Studio operates through an omnichannel distribution network that combines both offline and online sales channels:
- Offline channels include Company-Owned Company-Operated (COCO) stores and Franchisee-Owned Franchisee-Operated (FOFO) stores.
- Online channels include the company’s own website and mobile application, along with third-party e-commerce platforms such as Amazon, Nykaa, Myntra, and Flipkart.
Product Portfolio
The company offers a diverse portfolio of over 350 stock keeping units (SKUs) across multiple categories and price points. Its product range includes:
- Makeup (face, eye, and lip products)
- Skincare
- Body care
- Beauty accessories
Store Network
As of September 30, 2025, Recode Studio operates a total of 24 stores across 14 states in India:
- 3 COCO stores
- 21 FOFO stores
Manufacturing
All products are manufactured by third-party manufacturers located in India, while the company focuses on brand development, marketing, and distribution.
Recode Studios IPO Promoters
- Dheeraj Bansal
- Rahul Sachdeva
- Shelly Bansal
- Shalini Trehan
- Preeti Trehan
- Karan Bansal
Promoters Holding
Holding Pre Issue
88.93%
Holding Post Issue
65.01%
Recode Studios IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding of Capital expenditure towards setup of a new Warehouse at Ludhiana, Punjab
- Marketing and Advertisement expenses toward enhancing the awareness and visibility of our brand
- Utilization towards Working Capital Requirements
- General Corporate Purposes
Address / Contact Info
Recode Studios Ltd. Address
R-89, Phase V,
Focal Point,
Ludhiana, Punjab, 141010
E-mail:info@recodestudios.com
Tel No: 0161- 4752
Website:www.shop.recodestudios.com
IPO Snapshot
Book Running Lead Managers
- Seren Capital Private Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Recode Studios IPO is a Book-building IPO with a total issue size of ₹45 crore. The Recode Studios IPO price band is ₹150 to 158 per share. The Recode Studios IPO subscription opens on Tue, May 5, 2026, and closes on Thu, May 7, 2026. The Recode Studios IPO will be listed on the BSE. Mudra RTA Ventures Private Limited is the registrar for the Recode Studios IPO.
The Recode Studios IPO opens on Tue, May 5, 2026 and closes on Thu, May 7, 2026
Recode Studios IPO Price Band is ₹150 to 158 per share.
Recode Studios IPO lot size is 800 shares, Retail investors need a minimum investment of ₹252800 based on the upper price band
The minimum investment for Recode Studios IPO is ₹252800, based on one lot of 800 shares at the upper price band of ₹158 per share.
Investors can apply for the Recode Studios IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, May 7, 2026. The application amount remains blocked until the Recode Studios IPO allotment is finalized.
Recode Studios IPO issue size is ₹45 crores.
Recode Studios IPO allotment date is Wed, Jul 1, 2026.
The registrar for Recode Studios IPO is Mudra RTA Ventures Private Limited . Investors can go to Mudra RTA Ventures Private Limited website to check Recode Studios IPO allotment status, refund processing, and other IPO-related information.
The Recode Studios IPO GMP (Grey Market Premium) is ₹43 as of Tue, May 12, 2026. Based on the upper price band of ₹158 per share, the estimated Recode Studios IPO listing price is ₹201, indicating a potential listing gain of approximately 0% over the issue price.