
Consumer Discretionary · BSE
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.
Price Band
₹150 – ₹158
Issue Size
₹282.24 L Cr
Lot Size
800 shares
GMP
+22.1%
Est. Listing
₹193
at current GMP
Subscribed
234.71x
overall
Open
5 May 2026
Close
7 May 2026
Allotment
8 May 2026
Refund
9 May 2026
Demat Credit
10 May 2026
Listing
12 May 2026