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IPO Detail

Recode Studios Limited

SME

BSE SME · Cosmetic

ListedAllotment Out
How to Apply

Not investment advice. Read RHP before applying.

Price Band

₹158 – ₹158

GMP (Indicative)

Unofficial · not guaranteed

Lot Size

800 shares

Status

Listed

Open Date

2026-05-05

Close Date

2026-05-07

Listing Date

2026-05-12

Min. Investment

₹1,26,400

Overview

About the Company

Recode Studios Limited is an IPO issuer in India, operating in the Cosmetic sector, with proposed/listed trading on BSE SME. The issue size referenced by the source is approximately ₹44.59 crore.

New to IPO analysis? You may review our structured guides on how IPO allotment works and IPO subscription meaning to better understand demand and allocation mechanics.

Issue

IPO Issue Details

Issue Price

₹158 – ₹158

Face Value

₹10

Issue Size

244.59

Fresh Issue

39.55

Listing At

BSE SME

Lead Manager

Seren Capital Private Limited

Registrar

Mudra RTA Ventures Private Limited

Lot Size

800

For category-wise quota breakdown such as QIB, HNI, and Retail allocation, refer to our IPO quota structure explanation.

Milestones

Timeline

Open Date2026-05-05
Close Date2026-05-07
Allotment Date2026-05-08
Refund Date
Listing Date2026-05-12

If you are tracking GMP alongside subscription demand, see our grey market premium guide for a structured comparison framework.

Subscription

Live Subscription Details

Latest
QIB: x
NII: x
sNII: x
bNII: x
Retail: x
Total: x

Subscription Progress

QIBx
NIIx
sNIIx
bNIIx
Retailx

Subscription data sourced from exchange updates. Values represent times subscribed (x).

Learn how subscription categories are allocated by reading our guide on QIB, HNI and Retail IPO quota structure.

If you are tracking GMP alongside subscription demand, see our grey market premium guide for a structured comparison framework.

Allotment Probability Calculator

SEBI-compliant allotment prediction based on live subscription data.

1 LotMax 13 (₹2L Limit)

Chance of Allotment

Subscription data is currently unavailable.

GMP (Grey Market Premium)

GMP Overview

Updated —

High ·Low

Issue price comparison unavailable

GMP is unofficial and indicative only. It does not guarantee listing price or returns.

GMP is unofficial and indicative. To understand interpretation logic and limitations, read our IPO Grey Market Guide or begin with what IPO GMP means.

Trend

GMP Trend

No GMP data yet. Updates will appear once available.

Investment

Market Lot Details

Retail (Min)
Lots: 1
Shares: 800
Amount: ₹126400
Retail (Max)
Lots: 1
Shares: 800
Amount: ₹1,26,400
sNII (Min)
Lots: 2
Shares: 1600
Amount: ₹2,52,800
sNII (Max)
Lots: 7
Shares: 5600
Amount: ₹8,84,800
bNII (Min)
Lots: 8
Shares: 6400
Amount: ₹10,11,200
bNII (Max)
Lots:
Shares:
Amount:

Investors can bid in multiples of the lot size. Final investment depends on the cutoff price.

Allocation

Reservation Details

QIB

50%

NII

15%

RII

35%

Employee

Issue Summary

Objectives of Issue

The IPO proceeds are proposed to be used to fund working-capital requirements, finance capital expenditure and operating assets, meet general corporate purposes.

Financials

Key Financial Metrics

EPS Pre IPO

EPS Post IPO

P/E Pre

38.94

P/E Post

ROCE

Debt / Equity

PAT Margin

Market Cap

168.18

Financial figures sourced from official offer documents. Always verify with the RHP.

Ownership

Promoter Holdings

Pre Issue

64.48%

Post Issue

Contacts

Company & Registrar Details

Company Address:

Phone:

Email:

Website:


Registrar: Mudra RTA Ventures Private Limited

Registrar Phone:

Registrar Email:

Registrar Website:

SME Specific

Market Maker Details

Market Maker Shares Offered

Market Maker Reservation (%)

Applicable only for SME IPOs where a market maker is appointed to provide liquidity post listing.

Documents

Important Links

Allotment Status

Performance

Listing Performance

Listing Exchange

BSE SME

Listing Price

₹213.1

Listing Gain

34.87%

Application

How to Apply

01

UPI Method (ASBA)

Log in to your broker's app or net banking, navigate to the IPO section, select this IPO, enter lot quantity, and authorise via UPI mandate. Funds are blocked, not debited, until allotment.

02

ASBA via Net Banking

Log in to your bank's net banking portal, go to the IPO / ASBA section, fill in the bid details, and submit. Your bank will block the required amount automatically.

03

Allotment & Refund

Allotment status is typically available within 6 days of the IPO close date. Refunds for unallotted bids are credited within 2 working days post allotment.

You may also review the complete IPO allotment process explanation to understand lottery mechanics and refund timelines.

Qualitative Factors

Strengths & Risks

Company Strengths

Source material identifies the issuer with the Cosmetic sector; detailed strengths should be confirmed from the DRHP/RHP before publishing investment-facing claims.

Company Risks

IPO investors should review the DRHP/RHP risk factors, issue structure, valuation, subscription data, and market conditions before applying.

Legal Disclaimer

Information is sourced from publicly available exchange filings and company offer documents. GMP is unofficial and indicative. IPOCraft does not provide investment advice.

Research Before You Apply

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