The Recode Studios IPO opened on 05-May-2026. It will close on 07-May-2026. The Total IPO Size is 45 Crores.
Recode Studios has set its IPO price at 158 Rs per share. They divided IPO into three general categories: 1) QIB, 2) Retail, and 3) NII.
Recode Studios areare a beauty and personal care (“BPC”) company operating in the beauty, cosmetics and personal care segment in India.
The business primarily involves the branding, procurement and distribution of beauty and personal care products under the “Recode” brand.
They operate through an omnichannel distribution network, which comprises Company-Owned Company-Operated (“COCO”) retail stores, Franchisee-Owned Franchisee-Operated (“FOFO”) stores, third-party e-commerce platforms and our proprietary website and mobile application.
The Company operates 22 physical retail stores, comprising 3 COCO stores and 19 FOFO stores.
Check:- Upcoming SME IPO 2026
Recode Studios IPO Promoter Holding
Mehul Vasantbhai Raymagiya and Raymagiya Hemali Mehulbhai are the Promoters of the company.
Recode Studios IPO Date, Details & Price Band
| IPO Opening Dates | 05-May-2026 |
| IPO Closing Dates | 07-May-2026 |
| Price Band | 150-158 Rs |
| Fresh Issue | 45 crore |
| Offer for sale | NI |
| Total IPO size | 45 crore |
| Face Value | 10 INR Per Share |
| Listing On | BSE SME |
| Market Cap | 168.18 Cr |
Recode Studios IPO Market Lot
The minimum market lot for the Recode Studios IPO is 1600 shares, with an amount of ₹2,52,800 per application.
| Lot | No of Shares | Amount | |
| Retail Minimum | 2 | 1600 | 2,52,800 Rs |
| Retail Maximum | 2 | 1600 | 2,52,800 Rs |
| HNI (Min) | 3 | 2,400 | 3,79,200 Rs |
Recode Studios IPO: Object of the Issue
1. Funding of Capital expenditure towards setup of a new Warehouse Facility at Ludhiana, Punjab
2. Marketing and advertisement expenses toward enhancing the awareness and visibility of brand
3. Utilization towards working capital requirements
4. General Corporate Purposes
Restated Financial Information (Amt. in Crore)
| Total Assets | Total Revenue | Profit After Tax | |
| 30-Dec-25 | 28.33 | 57.45 | 9.06 |
| 31-Mar-25 | 23.18 | 47.94 | 3.30 |
| 31-Mar-24 | 16.73 | 36.93 | 0.27 |
Recode Studios IPO GMP Grey Market Premium
Recode Studios’s IPO GMP (Grey Market Premium) has started today. Check the Latest Recode Studios IPO GMP Grey Market Premium, Kostak Rates, and Subject to Sauda Price here.
Recode Studios IPO Prospectus
| RHP | Download |
Recode Studios IPO Form Download
Recode Studios IPO is available on the BSE Website as well as on our Portal. Please click here, Recode Studios IPO Form Download.
Recode Studios IPO Allotment Date & Details
| Allotment Date | 08-May-2026 |
| Initiation of refunds | 11-May-2026 |
| Transfer of shares to Demat accounts | 11-May-2026 |
| Listing Date | 12-May-2026 |
| Check Allotment Status | Click here |
Registrar of Recode Studios IPO
Mudra RTA Ventures Private Limited
Address: B-117, 3rd Floor, DDA Shed, Okhla Industrial Area Phase-1, New Delhi -110020
Telephone: 91-9958808069
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.mudrarta.com
Contact Person: Akshay Tanwar
SEBI Registration Number: INR000004413
CIN: U70200DL2022PTC401399
Recode Studios Contact Details
Recode Studios Ltd
R-89, Phase V,
Focal Point,
Ludhiana, Punjab, 141010
0161- 4752672
[email protected]
Recode Studios IPO Lead Managers
Seren Capital Private Limited
Address: Office no. 601 to 605, Raylon Arcade, Kondivita, J.B. Nagar, Mumbai,
Maharashtra – 400059
Tel. No.: +91-22-46011058
Email: [email protected]
Investor Grievance Email: [email protected]
Website: https://serencapital.in/
Contact Person: Akun Goyal/Akshita Agarwal
SEBI Regn. No. INM000013156
