The Recode Studios Limited IPO was a book-built BSE SME issue combining fresh equity shares and an Offer for Sale (OFS). The company aimed to raise around ₹44.59 crore with a price band of ₹150 to ₹158 per share. It received a solid response from investors, especially in the retail and NII segments, reflecting strong interest in the beauty and personal care sector.
When Will the Recode Studios IPO Allotment Status Be Out?
The bidding window was open from 5 May to 7 May 2026. The allotment is scheduled to be finalised on 12 May 2026. Mudra RTA Ventures Pvt Ltd is the official registrar all applicants get an SMS or email notification as well from the registrar when the status goes live.
Recode Studios IPO Final Subscription Status
Type of Investor
Subscription (Multiples)
Qualified Institutional Buyers (QIB)
137.99x
Non-Institutional Investors (NII)
404.76x
Retail Individual Investors (RII)
216.64x
Total
234.63x
How to Check the Recode Studios IPO Allotment Status?
After applying, you can verify your status on three main platforms: BSE (SME), the registrar’s website, or through your broker.
You will need one of these details:
PAN Number: Your 10-digit Permanent Account Number.
Application Number: Unique number mentioned in your bid confirmation.
Demat Account Number (DP/Client ID): Where shares will be credited if allotted.
Step 2: Navigate to “Investors” → “IPO Allotment Status”.
Step 3: Select “SME” or “Equity” as issue type.
Step 4: Choose “Recode Studios Limited” from the list.
Step 5: Enter your Application Number or PAN and complete the captcha.
Step 6: Click Submit to see your result.
Checking on Registrar Website
Step 1: Visit the official Mudra RTA IPO allotment status portal.
Step 2: Select “Recode Studios Limited” in the company dropdown.
Step 3: Input your PAN, Application Number, or DP ID along with the captcha.
Step 4: Submit to view complete allotment details.
Alternative Quick Options
Through your stock broker app: Log in to your trading account, open the IPO section, and check your application or allotment status.
Through net banking: Visit the ASBA or IPO application section in your bank account to view your IPO status.
Through your Demat account: Log in to your CDSL or NSDL account on 13 May 2026 to see whether the shares have been credited.
Tips for Checking Allotment Status
Have your PAN, Application Number, and Demat details ready before you start checking your allotment details.
Use proper internet connection and avoid peak hours rush in the registrar website.
If the company name is not yet visible in the dropdown, wait for some time and refresh.
Reach out to your broker or registrar helpline in case of any difficulty.
Common Problems & Solutions
Website is slow or not opening: This happens due to heavy traffic on registrar website allotment day, wait for 10–15 minutes and try again.
Details showing invalid or not matching: Recheck your PAN, application number, or DP ID carefully using the details shared in your IPO application SMS or email.
Did not get allotment: This is common in highly subscribed IPOs, and your blocked application amount will automatically be refunded/unblocked by the bank.
Refund & Share Crediting Timeline
If you received allotment: The IPO shares will be credited to your Demat account by 13 May 2026 and blocked amount gets deducted from your account.
If you did not receive allotment: The money blocked through ASBA or UPI will start released back to your bank account from 13 May 2026.
In case of any delay: You should quickly contact the IPO registrar for credit of shares after getting allotted or you should contact your bank in case of not allotment of shares and delay of refunds.
Why Investors Showed Interest in Recode Studios IPO?
Strong growth in the Indian beauty and personal care market.
The company has expanded its product range rapidly since 2021.
Plans to use proceeds for warehouse setup, marketing, and business expansion.
Positive sector tailwinds with rising demand for Indian cosmetic brands.
Things to Keep in Mind (Risks)
High oversubscription: When an IPO gets subscribed many times more than the shares available, there are not enough shares for everyone. In such cases, allotment happens through a computerized lottery system, so even if you apply, there is a chance you may not get any shares.
SME volatility after listing: SME IPO stocks usually have lower trading volumes compared to mainboard companies. Because of this, their prices can move up or down very sharply in a short time, making them riskier for investors.
Sector trends: A company’s stock price can rise or fall based on overall market conditions and industry trends, even if the business itself is performing well.
Conclusion
The Recode Studios IPO received a strong response from investors, showing growing interest in the company’s future potential. Since many people applied for the IPO, not everyone may receive shares in the allotment. Applicants can easily check their allotment status online on the registrar’s website or the BSE website using their PAN number, application number, or Demat account details.
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