Independent Research on Mutual Funds, Stocks & IPOs for Indian Investors

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Recode Studios Limited

IPO Type:

SME

Status:

Listed

Sector:

Beauty & Personal Care / FMCG

Exchange:

BSE SME

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Recode Studios Limited, incorporated and based in New Delhi, is a beauty and personal care company producing cosmetics, skincare, and hair care products under its own brand. Distributes through e-commerce, retail, and D2C channels. Revenue ₹47.94 Cr (FY25) vs ₹36.93 Cr (FY24), PAT ₹3.30 Cr (FY25) vs ₹0.27 Cr (FY24). Promoters: Rahul Sachdeva, Karan Bansal, Preeti Trehan.

Issue Size (Cr)

44.59

234.64

x times original subscription

202

Listing Price (₹)

Issue Dates

May 5–7

Price Band

₹150 to ₹158

Allotment Date

8 May 2026

Listing Date

12 May 2026

Lot Size

1600

QIB (times x)

137.99

NII (timex x)

404.76

Retail (times x)

216.65

Min Investment (₹)

252800

Registrar

Mudra RTA Ventures Pvt Ltd

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