Recode Studios IPO
Beauty & Cosmetics - Listed on 12 May 2026
Recode Studios IPO listing summary
Recode Studios (Beauty & Cosmetics) closed its IPO window in 2026 and listed on NSE and BSE on 12 May 2026 at an upper band issue price of Rs 158, opening at Rs 213.1 for a listing gain of +34.9% and closing day one at Rs 223.75 (+41.6% on closing basis). The IPO was subscribed 221.44x overall - QIB 91.72x, HNI/NII 405.10x, Retail 216.51x. The total issue size was Rs 44.59 Cr (Fresh Issue Rs 39.55 Cr, OFS Rs 5.04 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Recode Studios IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 37 | +23.42% |
| Day 2 | Rs 37 | +23.42% |
| Day 3 | Rs 45 | +28.48% |
| Day 4 | Rs 45 | +28.48% |
| Day 5 | Rs 46 | +29.11% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Recode Studios IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Recode Studios IPO - FAQs
What was the listing gain of Recode Studios IPO?
Recode Studios IPO listed at +34.9% versus the upper issue price of Rs 158 on 12 May 2026.
How many times was Recode Studios IPO subscribed?
Recode Studios IPO was subscribed 221.44x overall. QIB portion was subscribed 91.72x, HNI / NII 405.10x and Retail 216.51x.
What was the IPO GMP for Recode Studios?
IPO GMP started at Rs 37 on Day 1 and moved to Rs 46 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.