Recode Studios IPO Subscribed 234.45 Times on Day 3
5paisa Capital Ltd
- 2 min read
Last Updated: 7th May 2026 - 05:30 pm
Recode Studios Limited's initial public offering (IPO) closed its three-day subscription window with exceptional investor interest, reaching 234.45 times overall subscription by 4:54 PM on Day 3 (May 7, 2026). The ₹44.59 crore book-build issue, priced at ₹150 to ₹158 per share, received bids for 43,98,23,200 shares against 18,76,000 shares on offer, with total applications reaching 1,59,577.
Invest in Indian Markets and Unlock Future Potential With 5paisa!Subscription Status of Recode Studios IPO
| Date | QIB | NII | Individual Investor | Total |
|---|---|---|---|---|
| Day 1 (May 5) | 3.51 | 10.09 | 9.13 | 7.74 |
| Day 2 (May 6) | 3.54 | 56.41 | 40.56 | 33.40 |
| Day 3 (May 7) | 137.99 | 404.70 | 216.29 | 234.45 |
Here are the subscription details for Recode Studios Day 3, as of 5:04 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 8,01,600 | 8,01,600 | 12.67 |
| Market Maker | 1.00 | 1,44,800 | 1,44,800 | 2.29 |
| QIB (Ex-Anchor) | 137.99 | 5,35,200 | 7,38,49,600 | 1,166.82 |
| NII | 404.70 | 4,03,200 | 16,31,76,800 | 2,578.19 |
| Individual Investors | 216.29 | 9,37,600 | 20,27,96,800 | 3,204.19 |
| Total | 234.45 | 18,76,000 | 43,98,23,200 | 6,949.21 |
Key Highlights – Day 3
- Overall subscription surged to 234.45 times on the final day, from Day 2's 33.40 times.
- Non-institutional investors led with exceptional demand at 404.70 times, surging from Day 2's 56.41 times, with bNII at 485.52 times and sNII at 243.07 times.
- Qualified institutional buyers (ex-anchor) surged to 137.99 times from Day 2's 3.54 times.
- Individual investors recorded strong participation at 216.29 times, surging from Day 2's 40.56 times.
Key Highlights – Day 2
- Overall subscription reached 33.40 times, surging from Day 1's 7.74 times.
- Non-institutional investors led at 56.41 times, building from Day 1's 10.09 times, with bNII at 65.97 times and sNII at 37.29 times.
- Individual investors improved to 40.56 times from Day 1's 9.13 times.
- Qualified institutional buyers (ex-anchor) held steady at 3.54 times, broadly unchanged from Day 1.
Key Highlights - Day 1
- Overall subscription reached 7.74 times on Day 1 (May 5, 2026).
- Non-institutional investors led opening participation at 10.09 times, with bNII at 11.48 times and sNII at 7.30 times on Day 1.
- Individual investors recorded strong participation at 9.13 times on Day 1.
- Qualified institutional buyers (ex-anchor) crossed full subscription at 3.51 times on the opening day.
- Anchor investors fully subscribed their allocation of ₹12.67 crores on May 4, 2026.
About Recode Studios Limited
Incorporated in 2021, Recode Studios Limited 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 through an omnichannel network comprising COCO and FOFO stores, its own website and app, and third-party platforms including Amazon, Nykaa, Myntra, and Flipkart.
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