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Recode Studios IPO opens today with 25% GMP premium here are the key details for investors
Business
Published on 5 May 2026
Grey market says yes but pricing could surprise
Recode Studios’ SME IPO opens today with a reported 25% grey market premium after a Rs 44.6 crore offer priced at Rs 150–158. Founded in 2021, the cosmetics firm sells over 350 products and is pitching an omnichannel play. Funds from the IPO are earmarked for expansion and marketing as competition in the beauty space heats up.
- IPO opens today; issue size is Rs 44.6 crore
- Price band fixed at Rs 150–158; GMP reported around 25%
- Company offers 350 plus cosmetics products
- IPO proceeds planned for expansion and marketing
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times