Recode Studios’ IPO was subscribed 160.62 times on the last day. A retail quota was subscribed to over 214.16 times, and NII was subscribed to over 396.27 times, respectively. The QIB was 51.99 times subscribed on the last day.
Recode Studios IPO Listing Details
| Listing Date | May 12, 2026 |
| BSE Code | 544755 |
| ISIN Code | INE2B6701015 |
| Offer Price | ₹150 to ₹158 |
| Face Value | ₹10 |
| Listing Price | ₹213.10 |
Details About the Recode Studios IPO
Recode Studios IPO received SEBI approval for an IPO worth ₹45 crores via fresh issue with the face value of ₹10 each.
Further, the Recode Studios IPO had a set price band of ₹150 to ₹158 per share.
Recode Studios IPO consists of 1600 shares in 2 lot sizes for retail minimum and maximum categories.
S-HNI Minimum has a share of 2400 in a 3-lot size. S-HNI Maximum has 5,600 shares in 7 lot sizes. While 6,400 shares were in 8 lot sizes for the B-HNI category.
To invest in the Recode Studios IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹2,52,800.
- SHNI (S-HNI): Minimum investment of ₹3,79,200.
- S-HNI Maximum investment of ₹8,84,800.
- B-HNI Minimum investment of ₹10,11,200.
Recode Studios IPO Subscription Duration
Recode Studios IPO opened on May 5, 2026, and closed on May 7, 2026. The Recode Studios IPO allotment date was scheduled on May 8, 2026. The Recode Studios IPO listing date is on May 12, 2026.
Recode Studios IPO funds deployment
- The proceeds of the fresh issue will be used towards the setup of a new Warehouse Facility at Ludhiana, Punjab.
- Some funds will be used for Marketing and advertising expenses toward enhancing the awareness and visibility of our brand.
- A portion of the proceeds will go towards Working Capital Requirements.
- Lastly, the remaining funds will be used for general corporate purposes.
About the Recode Studios
Incorporated in 2021, Recode Studio is one of India’s growing beauty and personal care brands that specialise in strong branding, high-quality product sourcing, and nationwide distribution across India.
As of September 30, 2025, they’ve got 24 stores up and running across 14 states in India. That’s 3 company-owned and run spots (COCO) plus 21 franchise-owned and operated ones (FOFO). Recode Studios offers more than 350 products across the beauty and personal care segment, which includes foundation, compact, concealer, primer, contour, blush, highlighter, eyeliner, mascara, kajal, eyeshadow, eyebrow pencils, lipsticks, lip gloss, lip crayons, lip oil, and lip liners.
Recode Studios IPO Company Financial Report
The company reported revenue of ₹47.94 crores in 2025 against ₹36.93 crores in 2024. The company reported a profit of ₹3.30 crores in 2025 against a profit of ₹0.27 crores in 2024.
