Recode Studios SME IPO Status Subscription 2026
Subscription Progress (Day 3)
Day-wise Subscription Details
| Day | QIB | NII | Small NII | Big NII | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 | 3.51x | 10.09x | 7.30x | 11.48x | 9.13x | 7.74x |
| Day 2 | 3.54x | 55.49x | 36.82x | 64.82x | 40.05x | 32.95x |
| Day 3 | 137.99x | 404.76x | 243.23x | 485.52x | 216.64x | 234.63x |
IPO Shares Offered & Bidding Summary
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 5,35,200 | 7,38,49,600 | 1166.82 |
| NII (Total) | 4,03,200 | 16,31,98,400 | 2578.53 |
| Small NII (≤₹10L) | 1,34,400 | 3,26,89,600 | 516.5 |
| Big NII (>₹10L) | 2,68,800 | 13,05,08,800 | 2062.04 |
| Retail (RII) | 9,37,600 | 20,31,24,800 | 3209.37 |
| Shareholder | 0 | ||
| Employee | 0 | ||
| Total | 1,876,000 | 440,172,800 | 6,954.73 |
How to Apply for this IPO? Read here.
SUBSCRIPTION DETAILS ARE NOT YET AVAILABLE
Recode Studios provides make-up, skincare, body care, and beauty accessories to various clients across the Beauty and Personal Care sector. The company started its operations in 2021 and is based in Ludhiana, Punjab. This IPO helps the company fund capital expenditure, working capital, and marketing expenses. The company will use the fresh issue money for the set-up of a new warehouse facility, marketing, and working capital needs. It also wants to achieve general corporate purposes. Investors can now track the demand for these shares through the subscription status and the interest of different buyer categories.
Anchor Investor Allocation
Anchor investors are big institutions that buy shares before the public. The Book Running Lead Manager finalised the allocation of 1,62,44,217Equity Shares to Anchor Investors at Rs. 171 per share.
| Anchor Investor Details | |
|---|---|
| Bid Date | April 29, 2026 |
| Shares Offered | Up to 1,62,44,217 shares (60% of the QIB portion) |
| Anchor Portion (₹ Cr.) | Up to ₹277.78 Cr (calculated at the upper band of ₹171) |
| Anchor lock-in period end date for 50% shares (30 Days) | June 5, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 4, 2026 |
Anchor Allocations
| Sr. | Anchor | Group Entity | Shares Allotted | Amt (₹ cr.) | % Allocated | % Allotment of Issue |
|---|---|---|---|---|---|---|
| 1 | SANSHI FUND-I | SANSHI | 2,53,600 | 4.01 | 31.64 | 8.99 |
| 2 | MINT FOCUSED GROWTH FUND PCC-CELL 1 | MINT FOCUSED | 2,40,800 | 3.8 | 30.04 | 8.53 |
| 3 | SHREM INVESTMENTS PVT.LTD. | SHREM INVESTMENTS | 1,15,200 | 1.82 | 14.37 | 4.08 |
| 4 | FORTUNE HANDS GROWTH FUND-FORTUNE HANDS GROWTH FUND SCHEME I | FORTUNE HANDS | 96,000 | 1.52 | 11.98 | 3.4 |
| 5 | AARTH AIF GROWTH FUND | AARTH | 96,000 | 1.52 | 11.98 | 3.4 |
| 8,01,600 | 12.67 | 100 | 28.40 |
Disclaimer: This information is for educational purposes only. Always seek advice from a qualified financial professional before making investment choices.
Frequently Asked Questions
The allotment status will be available on May 8, 2026. You can check the registrar’s website, BSE, or NSE website for the official status.
The shares will be credited to successful applicants’ Demat accounts on May 11, 2026.
If you are not allotted shares, the blocked amount in your bank account will be unblocked. The refund process starts on May 11, 2026.
You can check the official status on the website of the registrar, Mudra RTA Ventures Private Limited, or on the BSE/NSE website.
The listing date is scheduled for May 12, 2026, on the BSE SME platform.
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