Listed Price₹213.10
Listing Gain+34.87%
Price Band₹150 - ₹158
Lot Size800 shares
Min Bid₹1,26,400
Subscription234.71x
Listed Market Snapshot
₹213.10Listed price from market data
+34.87%listing gain
Issue Amount
₹44.59 Cr
Listed Price
₹213.10
Current Price
₹188.3
Registrar
Mudra RTA Ventures Private Limited
Timeline•Bookbuilding IPO
Open05 May 2026
Close07 May 2026
Allotment08 May 2026
Listing12 May 2026
Quota Reservation Portions
AnchorPortion: 8,01,600 shares
28.4%QIBPortion: 5,35,200 shares
18.96%HNIPortion: 4,03,200 shares
14.29%RetailPortion: 9,37,600 shares
33.22%Market MakerPortion: 1,44,800 shares
5.13%Minimum Application Bracket Matrix
Retail2 lots / 1,600 shares
₹2,52,800sHNI3 lots / 2,400 shares
₹3,79,200bHNI8 lots / 6,400 shares
₹10,11,200About the Company
Recode Studio, incorporated in 2021, is an Indian beauty and personal care company operating under the brand “Recode,” offering over 350 SKUs across makeup, skincare, body care, and beauty accessories. The company sells its products through an omnichannel network that includes company-owned stores (COCO), franchise stores (FOFO), third-party e-commerce platforms, and its own website and app, with offline sales via COCO and FOFO stores and online sales through platforms like Amazon, Nykaa, Myntra, and Flipkart. As of September 30, 2025, it operates 24 stores across 14 states, comprising 3 COCO and 21 FOFO stores, with all products manufactured by third-party manufacturers in India.
Company Promoters
Dheeraj BansalRahul SachdevaShelly BansalShalini TrehanPreeti TrehanKaran Bansal
Lead Managers
Registrar
Mudra RTA Ventures Private Limited