Recode Studios SME IPO GMP Today
The Recode Studios SME IPO closed on 7 May 2026. Recode Studios SME IPO GMP is Rs 43.00 today. Listing price estimate is Rs 201.00 (issue price Rs 158.00). Listing gain estimate: 27.22%.
Issue Price
Rs 158.00
GMP Today
Rs 43.00
GMP %
+27.22%
Listing Price
Rs 201.00
Listing Gain / Lot
Rs 68,800.00
Listing Date
12 May 2026
Recode Studios SME IPO GMP Day Wise
GMP for Recode Studios SME started at Rs 11 on 29 April 2026 and stood at Rs 43 on 8 May 2026. That is roughly a 3.9x move over 10 days of tracked data. The sharpest single-day jump was from Rs 11 on 29 Apr 2026 to Rs 35 on 30 Apr 2026. The upward move through the subscription window usually reflects building demand across investor categories rather than a one-day spike.
| Date | Issue Price | GMP | Listing Price | Estimated Profit |
|---|---|---|---|---|
| 8 May 2026Today | Rs 158.00 | Rs 43.00 | Rs 201.00 (+27.22%) | Rs 68,800.00 |
| 7 May 2026 | Rs 158.00 | Rs 42.00 | Rs 200.00 (+26.58%) | Rs 67,200.00 |
| 6 May 2026 | Rs 158.00 | Rs 48.00 | Rs 206.00 (+30.38%) | Rs 76,800.00 |
| 5 May 2026 | Rs 158.00 | Rs 42.00 | Rs 200.00 (+26.58%) | Rs 67,200.00 |
| 4 May 2026 | Rs 158.00 | Rs 40.00 | Rs 198.00 (+25.32%) | Rs 64,000.00 |
| 3 May 2026 | Rs 158.00 | Rs 45.00 | Rs 203.00 (+28.48%) | Rs 72,000.00 |
| 2 May 2026 | Rs 158.00 | Rs 45.00 | Rs 203.00 (+28.48%) | Rs 72,000.00 |
| 1 May 2026 | Rs 158.00 | Rs 40.00 | Rs 198.00 (+25.32%) | Rs 64,000.00 |
| 30 Apr 2026 | Rs 158.00 | Rs 35.00 | Rs 193.00 (+22.15%) | Rs 56,000.00 |
| 29 Apr 2026 | Rs 158.00 | Rs 11.00 | Rs 169.00 (+6.96%) | Rs 17,600.00 |
Recode Studios SME IPO Listing Price
Based on today's GMP, Recode Studios SME IPO listing price estimate is Rs 201.00 per share (issue price Rs 158.00 + GMP Rs 43.00).
Actual listing price will be known on 12 May 2026 when the stock lists on NSE/BSE.
Recode Studios SME IPO Listing Gain
Lot size: 800 shares (min. 2 lots for SME)
GMP today: Rs 43.00
Estimated listing gain per lot: Rs 43.00 × 1600 = Rs 68,800.00
GMP at roughly 27.2% suggests solid informal demand. The grey market expects the stock to list noticeably above the issue price.
GMP has moved up over the tracked period. Steady increases through the subscription window are usually a stronger signal than a single-day spike.
GMP is unofficial. Listing gain can differ on listing day.
Recode Studios SME IPO Subscription Status
GMP and subscription numbers often move together. When institutional and HNI demand is strong, grey market participants usually price in a higher premium. Current overall subscription for Recode Studios SME is 234.71x. Compare this with the GMP trend to see if demand aligns. The GMP move around 30 Apr 2026 may reflect how the market reacted once the subscription window activity picked up after 5 May 2026.
See live figures on the Recode Studios SME IPO Subscription Status page.
Recode Studios SME IPO Details
| Field | Value |
|---|---|
| Price Band | ₹150.0 - ₹158.0 |
| Issue Size | ₹42.31 Cr |
| Lot Size | 800 shares |
| IPO Type | BSE SME |
| Open Date | 5 May 2026 |
| Close Date | 7 May 2026 |
| Listing Date | 12 May 2026 |
| Subscription | 234.71x |
Recode Studios SME IPO full details (financials, peers, review).
About Recode Studios SME
Recode Studios Ltd., incorporated in 2021, is a rapidly growing Indian beauty and personal care brand operating under the name 'Recode.' The company follows an omnichannel model, selling over 350 SKUs including makeup, skincare, and beauty accessories through company-owned stores (COCO), franchise outlets (FOFO), and major e-commerce platforms like Nykaa, Amazon, and Myntra. As of late 2025, the company operates 24 stores across 14 states. Recode focuses on a premium-yet-affordable positioning, utilizing third-party manufacturers to maintain an asset-light structure.
Recode Studios SME IPO GMP FAQs
What is the current GMP for Recode Studios SME?
The current GMP for Recode Studios SME is Rs 43 as of 20 June 2026, 7:32 PM IST. This is a premium of 27.22% over the issue price of Rs 158.
What is the estimated listing price based on current GMP?
The estimated listing price is Rs 201 per share, calculated as issue price (Rs 158) plus GMP (Rs 43). Actual listing price will be confirmed on 12 May 2026.
Will Recode Studios SME IPO list at the GMP price?
Recode Studios SME IPO may list around Rs 201 based on current GMP of Rs 43, but there is no guarantee it will list exactly at the grey market price. GMP is unofficial. The actual listing price on 12 May 2026 depends on market sentiment, subscription demand, and broader index levels on listing day. When subscription is strong and GMP holds steady after the IPO closes, listing price often comes close to the GMP estimate. Sharp GMP drops after subscription close have led to listings below the grey market price in the past.
What is the estimated profit per lot based on GMP?
At GMP of Rs 43 and lot size of 800 shares (minimum 2 lots for SME), estimated grey market profit is Rs 68,800 (2 lots x 800 shares x Rs 43). This is unofficial and not guaranteed.
What is GMP (Grey Market Premium)?
GMP is the premium at which IPO shares trade in the unofficial grey market before listing on NSE or BSE. It reflects informal demand and sentiment, not an exchange-set price.
How is GMP calculated?
Estimated listing price = issue price + GMP. GMP percentage = (GMP / issue price) x 100. Estimated profit per lot = GMP x lot size x minimum lots (2 for SME, 1 for mainboard).
Is GMP reliable for IPO investment decisions?
GMP is a sentiment indicator. Use it with subscription data, financials, valuation, and market conditions. It does not guarantee listing price or listing day gains.
Can GMP change before listing?
Yes. GMP can change between the close date (7 May 2026) and listing date (12 May 2026) based on market mood, news, and broader index movement.
What happens if GMP is negative?
Negative GMP suggests weak informal demand and possible listing below issue price. Actual listing may still differ.
How does GMP affect IPO subscription?
Rising GMP can attract more applications in the final hours of subscription. High GMP with weak fundamentals has still led to poor listings, so read subscription category-wise before applying.
Where can I track Recode Studios SME subscription and allotment?
Check Recode Studios SME IPO subscription status on IPOwiz for live category-wise bids. Allotment status can be checked from the allotment date on the IPOwiz allotment page.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. GMP verified before publish.