IPOScanner helps investors track upcoming, live and past IPOs in one place with GMP, subscription, allotment status and listing performance insights.
About IPO Scanner
IPOScanner is built for investors who want a clear view of every IPO opportunity in one place. From upcoming issues to live subscription data, allotment updates and listing performance, we bring together the key details you need to track the primary market.
Our tools are designed to be simple, fast and investor-friendly so you can focus on evaluating businesses instead of opening multiple tabs and websites for basic information.
Details of client bank account
For any query / feedback / clarifications, email at
[email protected].
Please read all offer documents and risk disclosures carefully before investing. IPOScanner does not provide investment advice and information on this site should not be treated as a recommendation to apply for any IPO.
© 2026 IPO Scanner. All rights reserved.
Want to stay updated?Subscribe to our newsletter

Open Date
May 5, 2026
Close Date
May 7, 2026
Min Investment
₹2,52,800
Lot Size
800 Shares
Issue Size
₹44.59 Cr
Price Range
₹150 - ₹150
Listing Date
May 12, 2026
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.
Revenue Growth
Sotefin Bharat
| Companies Name | Open - Close | Issue Size | Min. Qty | Issue Price | Apply |
|---|---|---|---|---|---|
Sotefin Bharat SME | 16th Jul 2026 - 20th Jul 2026 | 89.76 Cr | 600 Shares | ₹ 178.00 | |
Caliber Mining & Logistics Mainboard | 17th Jul 2026 - 21st Jul 2026 | 450.00 Cr | 35 Shares | ₹ 402.00 |
IPO Doc
RHP PDFCompany Valuation
Earning Expansion
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.
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%
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
Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).
In Cr.
Recode Studios
R-89, Phase V, Focal Point, Ludhiana, Punjab - 141010.