RECODE STUDIOS LTD● IPO DETAIL GMP+₹48 STATUSListed IPOCloudTrack Every IPO RECODE STUDIOS LTD● IPO DETAIL GMP+₹48 STATUSListed IPOCloudTrack Every IPO
Live GMP
Back to IPOs
Recode Studios Ltd

Recode Studios Ltd

BSE SME · SME IPO
Listed BSE SME SME Live Chart
Issue Price
₹158
₹158
GMP (Grey Market)
+₹48
+30.38%
Est. Listing Price
₹206
Based on GMP
Min. Investment
₹126,400
1 lot × 800 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
05 May 2026
Close Date
07 May 2026
Allotment
13 May 2026
Listing Date
12 May 2026
Exchange
BSE SME
Price Band
₹158
Listing Price
See chart
Allotment Status
Price Band
₹158
Per share
Face Value
₹10 per share
 
Lot Size
800 Shares
per lot
Issue Size
28,22,400 shares (agg. up to ₹45 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹126,400
1 lot
Pre-IPO Holding
81,41,144 shares
Promoters
Post-IPO Holding
1,06,44,344 shares
Promoters
UPI Deadline
5:00 PM on 07 May 2026
Mandate
GMP
+₹48
+30.38% est.
Anchor AllotmentMon, 04 May 2026
Basis of AllotmentWed, 13 May 2026
Refund InitiationThu, 14 May 2026
Demat CreditThu, 14 May 2026
Listing DayTue, 12 May 2026
UPI Mandate Deadline5:00 PM on 07 May 2026
Sale TypeFresh Capital & OFS
Net Offer to Public26,77,600 shares (agg. up to ₹42 Cr)
Market Maker Quota1,44,800 shares (agg. up to ₹2 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Recode Studios Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 07 May 2026.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
144,800
₹2.29
QIB
Over 1.00x
1,336,800
₹21.12
NII / HNI
Over 1.00x
403,200
₹6.37
Retail
Over 1.00x
937,600
₹14.81
Total 1.00x
2,822,400
100% ₹44.59
IPO Shares Offered
Recode Studios Ltd IPO total issue size: ₹44.59 Cr. Retail: ₹14.81 Cr. QIB: ₹21.12 Cr. NII: ₹6.37 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
QIB 1,336,800 ₹21.12
47.36%
Market Maker 144,800 ₹2.29
5.13%
NII 403,200 ₹6.37
14.29%
Retail 937,600 ₹14.81
33.22%
Total 2,822,400 ₹44.59
100.00%
* Based on upper price band ₹158 per share
Basis of Allotment
QIB NII Retail Total
Ex. Anchor Anchor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (shares) 403,200 937,600 1,340,800
Allotment price (₹) 158 158 158 158 158 158 158 158
No. of applications
No. of shares applied
Amount collected (₹Cr) ₹14.81 ₹14.81
Times subscribed 1 1 1 1
Shares allotted 403,200 937,600 1,340,800
No. of allottees
* Upper price band ₹158 · ** Anchor allotment excluded from public shares
Lot Size & Investment
Lot Size
800
Shares per Lot
Issue Price
₹158.00
Upper Band
Min Investment
₹126,400
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)21,600₹252,800
Retail (Max — 13 Lots)1310,400₹1,643,200
S-HNI (Min — 14 Lots)1411,200₹1,769,600
B-HNI (Min — 68 Lots)6854,400₹8,595,200
* Issue Price ₹158 × Lot Size 800 shares
IPO Schedule
Anchor
04 May 2026
✓ Done
IPO Open
05 May 2026
✓ Done
IPO Close
07 May 2026
✓ Done
Allotment
13 May 2026
✓ Done
Refunds
14 May 2026
✓ Done
Demat Credit
14 May 2026
✓ Done
Listing Day
12 May 2026
✓ Done
Recode Studios Ltd — Live Price LIVE
₹158.00
INR · BSE
Fetching…
vs Issue Price
OPEN
HIGH
LOW
MKT CAP
P/E
52W HIGH
52W LOW
VOLUME
DIVIDEND
DIV YIELD
Loading…
Chart Not Available
Try again 2–3 days after listing.
Issue ₹158.00 GMP: +₹48 Live Price
About Recode Studios Ltd

Recode Studios Ltd is proposing an IPO on BSE SME under the SME category. Total issue: 28,22,400 shares (agg. up to ₹45 Cr).

Opens 05 May 2026, closes 07 May 2026. Listing: 12 May 2026. Apply via ASBA or UPI.

Objects of the Issue
1
Object 1
2
Object 2
3
Object 3
4
Object 4
Recode Studios Ltd Financials (Amount in ₹ Crore)
Revenue from Operations
₹36.9
31 Mar 2024
₹47.9
31 Mar 2025
₹57.5
31 Mar 2026
Profit After Tax (PAT)
₹0.3
31 Mar 2024
₹3.3
31 Mar 2025
₹9.1
31 Mar 2026
Particulars31 Mar 202631 Mar 202531 Mar 2024
Revenue from Operations 57.45 47.94 36.93
EBITDA 13.34 6.13 1.67
Profit After Tax (PAT) 9.06 3.30 0.27
Net Worth 17.84 8.77 5.47
Total Assets 28.33 23.18 16.73
Reserves & Surplus 9.70 8.76 5.46
Borrowings N/A 7.56 7.85
EBITDA Margin (%) 23.24
PAT Margin (%) 15.79
P/BV Ratio
7.21
RoE
68.11
RoCE
59.85
RoNW
50.80
PAT Margin
15.79
EBITDA Margin
23.24
Debt/Equity
0.19
Issue Structure & Shareholding
Total Shares Offered28,22,400
Net Offer to Public26,77,600 shares (agg. up to ₹42 Cr)
Reserved for Market Maker1,44,800 shares (agg. up to ₹2 Cr)
Pre-Issue Promoter Holding81,41,144 shares
Post-Issue Promoter Holding1,06,44,344 shares
P/BV Ratio7.21
RoE68.11
RoCE59.85
Debt / Equity0.19
Script CodeN/A
Registrar & Lead Managers
Will be available once DRHP is filed.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Recode Studios Ltd IPO subscribed?

Recode Studios Ltd IPO is subscribed 1.00 times by May 07, 2026. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Recode Studios Ltd IPO retail subscription status?

The Recode Studios Ltd IPO retail category is subscribed 1.00 times as of 07 May 2026. The retail portion is oversubscribed.

How to subscribe Recode Studios Ltd IPO?

Subscribe via your broker app using ASBA or UPI. Opens 05 May 2026 and closes 07 May 2026. Min investment: ₹126,400 (1 lot = 800 shares). UPI mandate: 5:00 PM on 07 May 2026.

How many times Recode Studios Ltd IPO subscribed?

The Recode Studios Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Recode Studios Ltd IPO allotment?

Check allotment on the registrar website. Enter your PAN, application number or DP/Client ID. Allotment date: 13 May 2026. Refunds: on 14 May 2026.

When Recode Studios Ltd IPO will be listed?

The Recode Studios Ltd IPO listing date is 12 May 2026, Tuesday. Listed on: BSE SME. Issue price: ₹158. Estimated listing: ₹206. GMP: +₹48.

When Recode Studios Ltd IPO close?

The Recode Studios Ltd IPO closes on 07 May 2026, Thursday. UPI mandate: 5:00 PM on 07 May 2026. Allotment: 13 May 2026. Listing: 12 May 2026.