
Recode Studios
Open Date
May 5, 2026
Close Date
May 7, 2026
Min Investment
₹2,52,800
Lot Size
1600 Shares
Issue Size
₹44.59 Cr
Price Range
₹150 - ₹158
Listing Date
May 12, 2026
IPO Doc
RHP PDFAbout Recode Studios
Established in 2021, Recode Studio is a manufacturer of beauty and personal care products based in India under the brand 'Recode'. The company's operations include manufacturing, marketing and sale of beauty and personal care products across India. It sells its products via an omnichannel retailing approach, including through company-owned stores (COCO), franchise stores (FOFO), third-party e-commerce platforms and our own website and mobile application. The products sold by Recode Studio include makeup, skin care, body care and beauty accessories. In addition, at the time of filing this DRHP, the number of SKU offered by the company is over 350, covering all ranges from facial to eyes and lips as well as body care products. The customers may purchase the products both offline and online. The offline sales happen through COCO and FOFO stores while online sales through our websites and mobile applications along with other third-party platforms such as Amazon, Nykaa, Myntra, and Flipkart. As of the date of this DRHP, as on September 30, 2025, the company has a total number of 24 stores, out of which 3 stores are COCO and 21 stores are FOFO, spread across 14 states of India. Products offered by the company are manufactured through third-party manufacturers in India.
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Recode Studios IPO - Issue Objectives
The company will utilise ₹5.74 crore to setup new warehouse facility at Ludhiana The company will utilise ₹19.50 crore for funding the working capital of the business. ₹5.40 crore to boost brand visibility via marketing ads. Part of the IPO proceeds will be used for general corporate purposes and issue expenses
Capital expenditure
14.3%
Working capital
48.7%
Advertisement expenses
13.5%
General corporate purposes
23.3%
Capital expenditure
The company will utilise ₹5.74 crore to setup new warehouse facility at Ludhiana
Working capital
The company will utilise ₹19.50 crore for funding the working capital of the business.
Advertisement expenses
₹5.40 crore to boost brand visibility via marketing ads.
General corporate purposes
Part of the IPO proceeds will be used for general corporate purposes and issue expenses
IPO Subscription Status
Financials of Recode Studios
In Cr.
Contact Details
Recode Studios
R-89, Phase V, Focal Point, Ludhiana, Punjab - 141010.
Recode Studios IPO - FAQs
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