Recode Studios IPO GMP, Price, Date, Allotment & Subscription Status

Recode Studios Limited, a fast-growing beauty and personal care brand, is launched its initial public offering (IPO). This marks one of the prominent SME IPOs, focused on omni-channel cosmetics and lifestyle products. Let’s check its Grey Market Premium (GMP), price band, key dates, financials, subscription status and much more.

 Recode Studios Limited IPO GMP stands at ₹44 (27.85%) as of today 7th May 2026.

What is the Recode Studios Limited IPO?

The Recode Studios Limited IPO is a book-built issue comprising a fresh issue and an Offer for Sale (OFS). 

• Issue Size: ₹44.59 crore.
• Listing Exchanges: BSE SME.
• Lead Manager: Seren Capital Pvt. Ltd.
• Registrar: Mudra RTA Ventures Pvt Ltd. 

Recode Studios Limited IPO Key Timeline

Recode Studios Limited Key IPO Details

• IPO Open Date: 05 May 2026
• IPO Close Date: 07 May 2026
• Issue Size: ₹44.59 Crores
• Fresh Issue: ₹39.55 Crores
• Offer for Sale: ₹5.04 Crores
• Price Band: ₹150 to ₹158 per share
• Lot Size: 800 shares
• Minimum Investment (Retail): ₹1,26,400 - ₹2,52,800 (at upper band)
• IPO Reservation:
  • Qualified Institutional Buyers (QIB): 13,36,800 shares
  • Non-Institutional Investors (NII/HNI): 4,03,200 shares
  • Retail Investors: 9,37,600
• Listing Date: 12 May 2026

Recode Studios Limited IPO GMP Today

As of today 7th May 2026, GMP of the Recode Studios stands at ₹44, implying a listing price of around ₹202 per share, about 27.85% premium over the upper band of ₹158.

Recode Studios Limited IPO Subscription Status

Recode Studios Limited IPO Objectives

• Capital Raising & Acquisition: Proceeds from the fresh issue will primarily be used for asset acquisitions and strategic purposes.
• Debt Repayment/Development: Support portfolio growth, development pipeline, and operational needs.
• OFS Component: Proceeds go to selling shareholders.
• Listing Benefits: Enhanced visibility, liquidity, and market discipline for India's beauty and personal care sector.

About Recode Studios Limited

Recode Studios Limited was incorporated recently and focuses on owning and managing an omnichannel beauty and lifestyle brand. It is a curated marketplace offering authentic products across makeup, skincare, haircare, and wellness categories. 

• Headquarters: Ludhiana, India.
• Portfolio: Operates through e-commerce and Micro Business Operators (MBOs) with strong brand tie-ups. Tenants/Partners include leading brands like Colorbar, WOW Skin Science, etc.
• Scale: One of the emerging players in the beauty e-commerce space with growing revenue. 

Recode Studios Limited Business Overview

Recode Studios Limited is an emerging beauty and personal care brand focused on high-quality lifestyle products. 

Core operations involve e-commerce sales, omnichannel distribution, and building a strong network of Micro Business Operators. 

It benefits from authentic product sourcing and expanding consumer demand in the beauty segment. 

Recode Studios Limited Key Highlights

• Portfolio Strength: Growing revenue, strong brand partnerships, and expanding MBO network.
• Sponsor Backing: Experienced promoters in the beauty sector.
• Market Position: Targets growth in India's booming personal care market.
• Strategic Importance: Exposure to rising demand for curated beauty products. 

Strengths and Challenges of Recode Studios Limited

Strengths:

• Market leadership potential in niche beauty e-commerce with authentic offerings.
• Stable growth from the omnichannel model and brand tie-ups.
• Experienced team with a strong expansion pipeline. 

Challenges:

• Competition from larger players in the beauty segment.
• Sector risks, including changing consumer trends and supply chain issues.
• Execution risks in scaling operations and brand building. 

Recode Studios Limited Financial Performance

How to Apply for Recode Studios Limited IPO?

Investors can apply via ASBA (online/offline) or UPI.

Online ASBA/UPI:

Log in to your Bank or broker's platform.

• Navigate to the IPO section.
• Select "Recode Studios Limited".
• Enter the bid details, including lots, price, and UPI ID (if applicable).
• Submit and confirm the mandate by 5 PM on the closing date.

Offline:

• Obtain form from broker/exchange.
• Fill in the details and submit to the broker. 

Recode Studios Limited IPO Allotment Status

Allotment status will be available on the Mudra RTA Ventures Pvt Ltd website on May 08, 2026. Check via PAN, application number, or DP ID on the registrar site, BSE, or broker platforms.

Recode Studios Limited Contact Details

Registrar

• Name: Mudra RTA Ventures Pvt Ltd
• Address: B-117, 3rd Floor, DDA Shed, Okhla Industrial Area, Phase-1, New Delhi Delhi - 110020
• Email: ipo@mudrarta.com
• Phone: +91 99588 08069 

Lead Manager

• Name: Seren Capital Pvt. Ltd.
• Address: Office no. 601 to 605, Raylon Arcade, Mumbai
• Email: info@serencapital.in
• Phone: +91- 22- 46011058

Company

• Name: Recode Studios Limited
• Address: R-89, Phase V, Focal Point, Ludhiana, Punjab, India - 141010 
• Email: ipo@mudrarta.com
• Phone: +91-9958808069 

The Recode Studios Limited IPO offers investors exposure to India's growing beauty and personal care market with strong revenue growth and omnichannel presence. Backed by an experienced team, it appeals to those seeking growth opportunities in the consumer sector.

Disclaimer: The information provided in the article is only for educational purposes and should not be taken as investment advice. Investors are advised to conduct their own research and consult SEBI-registered financial advisors before making any investment decisions. Grey market premiums are unofficial and volatile, and past performance is not indicative of future results.

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