Recode Studios IPO Details
SME
Recode Studios IPO DRHP (Draft Red Herring Prospectus) has been Filed with Exchange.
Recode Studios IPO total issue size comprises 28,23,354 shares . This includes a fresh issue of 25,04,000 shares . Offer for Sale consists of 3,19,354 shares . Pre-issue shareholding stands at 81,41,144, which will increase to 1,06,45,144 post-issue.
The Lead Managers for Recode Studios IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Seren Capital Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Recode Studios Limited DRHP.
Recode Studios IPO Details
Recode Studios IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
To be announced | |||
Recode Studios IPO Reservation
Promoter Holding
Documents
Recode Studios IPO Valuations
Recode Studios Financial Information
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 27.59 | 23.18 | 16.73 | 12.53 |
| Total Income | 19.80 | 47.94 | 36.93 | 22.44 |
| Profit After Tax | 2.35 | 3.30 | 0.27 | 0.69 |
| EBITDA | 3.52 | 6.13 | 1.67 | 1.44 |
| NET Worth | 11.12 | 8.77 | 5.47 | 5.20 |
| Reserves and Surplus | 11.11 | 8.76 | 5.46 | 5.19 |
| Total Borrowing | 7.35 | 7.56 | 7.85 | 3.79 |
| Amount in ₹ Crore | ||||
About Recode Studios IPO
Incorporated in 2021, Recode Studio is an Indian beauty and personal care company operating under the brand name “Recode”. The company is primarily engaged in branding, sourcing, and sale of beauty and personal care products across the Indian market.
The company distributes its products through an omnichannel sales network comprising company-owned company-operated (COCO) stores, franchisee-owned franchisee-operated (FOFO) stores, third-party e-commerce platforms, as well as its own website and mobile application.
Recode Studio’s product portfolio includes makeup, skincare, body care, and beauty accessories. As of the date of the DRHP, the company offered over 350 stock keeping units (SKUs) across multiple categories and price points, including face, eye, and lip makeup, along with face and body care products.
Customers can purchase the company’s products through both offline and online channels. Offline sales are conducted through COCO and FOFO stores, while online sales are executed via the company’s website and mobile application, in addition to third-party platforms such as Amazon, Nykaa, Myntra, and Flipkart.
As of September 30, 2025, Recode Studio operated a total of 24 retail stores across 14 states in India, comprising 3 Company-Owned Company-Operated (COCO) stores and 21 Franchisee-Owned Franchisee-Operated (FOFO) stores.
The company’s products are manufactured by third-party manufacturers located in India, enabling an asset-light manufacturing model while focusing on brand development and distribution.
Strength Of Recode Studios IPO
Risk Of Recode Studios IPO
Objectives Recode Studios IPO
1. Funding of Capital expenditure towards setup of a new Warehouse Facility at Ludhiana, Punjab
2. Marketing and Advertisement expenses toward enhancing the awareness and visibility of our brand
3. Utilization towards Working Capital Requirements
4. General Corporate Purposes
Company Contact Details
R-89, Phase V, Focal Point,
Ludhiana, Punjab , 141010
Phone: 0161- 4752672
Email: info@recodestudios.com
Website: http://www.shop.recodestudios.com/
Registrar Contact Details
To be announced
Lead Mangers
Lead Manager Reports
Market Maker
To be announced
Recode Studios IPO - FAQs
The Recode Studios IPO is a SME public issue comprising 2823354 equity shares with a face value of ₹10 each, aggregating to a total issue size of . The issue price has been fixed at ₹0 per equity share, and the minimum application size is shares.
The IPO opens for subscription on TBA, and closes on TBA.
has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE
As of now, the current GMP stands at TBA.