Recode Studios Ltd Listed
Incorporated in 2021, Recode Studio is an Indian beauty and personal care company operating under the brand “Recode.” Its business focuses on branding, sourcing and selling beauty and personal care products across...
GREY MARKET PREMIUM
+₹48
▲ +30.38% vs issue price
Issue Price
₹158.00
Est. Listing Price
₹206.00
Lot Size
800
Issue Details
Open Date
2026-05-05
Close Date
2026-05-07
Allotment
2026-05-08
Face Value
₹10.00
Total Issue Size
28,22,400 shares (agg. up to ₹45 Cr) Cr
Issue Type
Bookbuilding IPO
Exchange
BSE SME
Subscription Status
| Category | Subscription (x) | Shares Offered | Shares Bid |
|---|---|---|---|
| QIB | 51.99x | 1336800.00 | 69497600.00 |
| NII (HNI) | 396.27x | 403200.00 | 159775200.00 |
| Retail | 214.16x | 937600.00 | 200798400.00 |
| Market Maker | 1x | 1,44,800 | 1,44,800 |
| Total | 160.62x | 2677600.00 | 430071200.00 |
Financials (₹ Cr)
| Period | Revenue | PAT | EBITDA | Net Worth |
|---|---|---|---|---|
| 31 Mar 2026 | 57.45 | 9.06 | 13.34 | 17.84 |
| 31 Mar 2025 | 47.94 | 3.30 | 6.13 | 8.77 |
| 31 Mar 2024 | 36.93 | 0.27 | 1.67 | 5.47 |
Key Ratios
Return on Equity
68.11
Return on Capital Employed
59.85
Return on Net Worth
50.80
PAT / Revenue
15.79
EBITDA / Revenue
23.24
Debt to Equity
0.19
Price to Book Value
7.21
Objects of the Issue
- Funding of Capital expenditure towards setup of a new Warehouse Facility at Ludhiana, Punjab — ₹5.74 Cr
- Marketing and advertisement expenses toward enhancing the awareness and visibility of brand — ₹5.41 Cr
- Utilization towards working capital requirements — ₹19.50 Cr
- General Corporate Purposes
Registrar & Allotment
Registrar
Mudra RTA Ventures Private Limited
Lead Managers
Seren Capital Pvt.Ltd
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