Recode Studios Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Recode Studios Ltd IPO

We are a beauty and personal care (BPC) company operating in the beauty, cosmetics and personal care segment in India. Our business primarily involves the branding, procurement and distribution of beauty and personal care products under the Recode brand. We operate through an omnichannel distribution network, which comprises Company-Owned Company-Operated (COCO) retail stores, Franchisee-Owned Franchisee-Operated (FOFO) stores, third-party e-commerce platforms and our proprietary website and mobile application.

Recode Studios Ltd IPO Details

Total Shares Offered

₹ 28,22,400

Offer to Public

3,19,200

Retail Max (Shares)

₹ 9,37,600

Pre Issue Promoters Holding

₹ 72,39,870

Exchange

DBC

Issue size

₹ 44.59 Cr

IPO Open Date

May 5, 2026

Close Date

May 7, 2026

Lot Size

1600

Min Investment

₹ 2,40,000

Issue Type

Book Building - SME

Listing Date

May 12, 2026

Recode Studios Ltd IPO Dates

May 5, 2026

Opening date

May 7, 2026

Closing date

May 8, 2026

Basis of Allotment

May 11, 2026

Initiation of Refunds

May 11, 2026

Credit of Shares

May 12, 2026

Listing date

Details

Sector	Type
Sector	Trading
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	1336800
NII	0x	403200
Retail	0x	937600
Employee	0x	0
Total	0x	2822400

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

1336800

403200

937600

2822400

Recode Studios Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	TBA	TBA	TBA
EBITDA	TBA	TBA	TBA
PAT	TBA	TBA	TBA
Total Assets	TBA	TBA	TBA
Share Capital	TBA	TBA	TBA
Total Borrowings	TBA	TBA	TBA
Operating Activities (Net Cash)	TBA	TBA	TBA
Investing Activities (Net Cash)	TBA	TBA	TBA
Financing Activities (Net Cash)	TBA	TBA	TBA
Net Cashflow	TBA	TBA	TBA

About Recode Studios Ltd

Our Company was incorporated as Recode Studios Private Limited on June 16, 2021, under the provisions of the Companies Act, 2013, pursuant to a Certificate of Incorporation issued by Registrar of Companies, Central Processing Centre. Our Company was converted from private limited to public limited, pursuant to special resolution passed by the shareholders of the Company at the Extraordinary General Meeting held on August 27, 2025 and the name of our Company was changed from Recode Studios Private Limited to Recode Studios Limited vide fresh certificate of incorporation dated September 16, 2025 issued by the Registrar of Companies, Central Processing Centre.

The Indian cosmetics industry, valued at USD 15.19 billion in 2024, continues to demonstrate strong momentum and resilience, driven by structural growth factors such as rising disposable incomes, rapid urbanization, changing lifestyle patterns, and heightened beauty and grooming awareness. With increasing participation of both domestic and global brands, the market is projected to expand at a CAGR of 6.21%, reaching approximately USD 27.75 billion by 2034. The ongoing digital revolution, widespread use of ecommerce platforms, and growing influence of social media have significantly altered consumer purchasing behaviour, leading to deeper penetration across urban, semi-urban, and rural markets.

Peer Comparison:

Recode Studios Limited
Honasa Consumer Limited
FSN E-Commerce Ventures Ltd
Ravelcare Limited

Recode Studios Ltd Key Points

Strengths

Omnichannel presence integrating offline and online platforms.

COCO and FOFO retail network.

Diverse product range beauty and personal care categories.

Digital reach and online customer engagement.

Led by experienced promoters and management team.

Risk

We outsource the manufacturing of all our products to third-party manufacturers and do not own any manufacturing facilities. Our reliance on such third-party manufacturers exposes us to several operational, regulatory and business risks that may adversely affect our operations, financial condition and results of operations.

Our business is dependent on the recognition, perception and acceptance of the Recode brand, and any damage to our brand reputation could adversely affect our business, results of operations and financial condition.

We operate in the beauty, cosmetics and personal care segment in India, which is subject to rapidly changing consumer preferences, and any failure to respond effectively to such changes could adversely affect our business, results of operations and financial condition.

Strategy

Franchise-led Expansion of Retail Presence.

Increasing Warehousing Capabilities.

Marketing Initiatives through Digital Platforms and Collaborations.

Expanding and Updating Product Portfolio.

How To Apply for Recode Studios Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Recode Studios Ltd IPO?

Recode Studios Ltd's IPO offers shares for up to 39.55 It begins on May 5, 2026 and ends on May 7, 2026.

What is the price of the Recode Studios Ltd IPO?

The price of Recode Studios Ltd IPO ranges between ₹150 to ₹158 per share.

What are the open and close dates for the Recode Studios Ltd IPO?

The Recode Studios Ltd IPO opens on May 5, 2026 and closes on May 7, 2026.

When will the Recode Studios Ltd IPO be allotted?

The allotment for the Recode Studios Ltd IPO will be finalised on May 8, 2026. The shares will be listed on BSE and NSE on May 12, 2026.

What is the minimum lot size required for Recode Studios Ltd IPO?

The minimum lot size for Recode Studios Ltd IPO is 1600 shares, priced between ₹150 to ₹158 per share.

What is the GMP of Recode Studios Ltd IPO?

The GMP (Grey Market Premium) of Recode Studios Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Recode Studios Ltd IPO?

To check the allotment status of Recode Studios Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Recode Studios Ltd IPO getting listed?

The Recode Studios Ltd IPO is getting listed on the BSE and NSE. Bidding opens on May 5, 2026, and closes on May 7, 2026. The allotment is finalised on May 8, 2026.

How do you apply for the Recode Studios Ltd IPO?

To apply for the Recode Studios Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.