Recode Studios SME IPO GMP Today
ListedUpdated 8 May 2026, 5:30 PM IST· BSE SME· Listing 12 May 2026
Recode Studios SME IPO opens on 5 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%.
Recode Studios SME IPO GMP Day Wise
Daily grey market premium, estimated listing price, and profit per lot
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 | Est. 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
Estimated from today’s GMP
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
Estimated profit per lot from grey market premium
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 Recode Studios SME IPO GMP today?
Recode Studios SME IPO GMP is ₹43 as of 26 August 2026, 8:32 PM IST. At issue price ₹158, that is +27.22% expected listing gain in the grey market.
What is Recode Studios SME IPO grey market premium (GMP)?
The grey market premium (GMP) for Recode Studios SME IPO is ₹43 today. GMP is the unofficial premium traders pay above the issue price of ₹158 before listing on NSE/BSE.
What is Recode Studios SME IPO expected returns?
Recode Studios SME IPO expected returns based on today's GMP are +27.22% over the issue price of ₹158. Estimated listing price is ₹201 per share. Actual listing gain on 12 May 2026 may differ.
What is the estimated listing price of Recode Studios SME IPO?
Based on today's GMP, Recode Studios SME IPO estimated listing price is ₹201 per share (issue price ₹158 + GMP ₹43). The actual listing price will be set on 12 May 2026 when trading starts.
What is the expected profit per lot in Recode Studios SME IPO?
At GMP of ₹43 and lot size of 800 shares (minimum 2 lots for SME), estimated grey market profit is ₹68,800 (2 lot × 800 shares × ₹43). This is unofficial and not guaranteed on listing day.
Will Recode Studios SME IPO list at GMP price?
Recode Studios SME IPO may list around ₹201 based on current GMP of ₹43, but listing at exact grey market price is not guaranteed. GMP is unofficial. On 12 May 2026, the opening price depends on market sentiment, final subscription, and index levels.
What is Recode Studios SME IPO issue price and lot size?
Recode Studios SME IPO issue price is ₹158 per share (price band ₹150.0 - ₹158.0). Lot size is 800 shares. Minimum application is 2 lots for SME.
When is Recode Studios SME IPO listing date?
Recode Studios SME IPO is expected to list on 12 May 2026 on NSE and BSE. GMP can still move until listing day.
What is Recode Studios SME IPO GMP high and low?
Recode Studios SME IPO GMP made a high of ₹48 on 6 May 2026 and a low of ₹11 on 29 Apr 2026 in tracked grey market data.
Can Recode Studios SME IPO GMP change after subscription closes?
Yes. Recode Studios SME IPO closed on 7 May 2026. GMP often moves until listing (12 May 2026) based on allotment buzz, market mood, and news. Keep this page handy for the latest figure.
What is Recode Studios SME IPO subscription status?
Live category-wise subscription for Recode Studios SME IPO is on the Recode Studios SME IPO Subscription Status page on IPOwiz, including QIB, NII, and retail figures.
How to check Recode Studios SME IPO allotment status?
You can check Recode Studios SME IPO allotment with your PAN on the Recode Studios SME IPO Allotment Status page, the registrar site, BSE, or the IPOwiz App.
Sources
We match Recode Studios SME IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews GMP figures before they go live.