Recode Studios IPO Subscription Status
The Recode Studios IPO has been subscribed 217.89x times overall. Retail investors have shown interest with bids for 216.65x the shares available. The Non-Institutional Investor (NII) category has been subscribed 298.07x. Qualified Institutional Buyers (QIBs) have subscribed 137.99x. Data last updated on 12 May, 10:04 AM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 05 May, 2026 and closes on 07 May, 2026. The shares are expected to list on stock exchanges on 12 May, 2026.
Table of Contents
Live Bidding
| Category | Offered | Applied | Bid Details | TIMES |
|---|---|---|---|---|
|
QIB
|
5,35,200 | 7,38,49,600 |
7,38,49,600
of 5,35,200
|
137.99x |
|
NII
|
5,48,000 | 16,33,43,200 |
16,33,43,200
of 5,48,000
|
298.07x |
|
Retail
|
9,37,600 | 20,31,28,000 |
20,31,28,000
of 9,37,600
|
216.65x |
| TOTAL | 20,20,800 | 44,03,20,800 |
44,03,20,800
-
|
217.89x |
Last Updated: 12 May 2026, 10:04 AM
Retail Allotment
High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 217 applicants will be successful.
Institutional Backing
Massive institutional interest with QIBs subscribing 137.99x. This often signals long-term confidence from professional funds.
Day-wise Subscription History
Subscription trends over the last 3 days
| Date | Total | ||
|---|---|---|---|
|
07 May 2026
DAY 3
|
217.89x
|
||
|
QIB
137.99x
NII
298.07x
Retail
216.64x
|
|||
|
06 May 2026
DAY 2
|
31.08x
|
||
|
QIB
3.54x
NII
41.77x
Retail
40.56x
|
|||
|
05 May 2026
DAY 1
|
7.18x
|
||
|
QIB
3.51x
NII
7.42x
Retail
9.13x
|
|||
IPO Guru on Android
Get live GMP alerts, subscription updates, and allotment status directly on your phone. Fast, Free, and Secure.
Anchor Investor Allocation
Breakdown of shares allotted to anchor investors before the IPO opening
| Anchor Investor | Amt (₹ cr.) | % Allocated | |||
|---|---|---|---|---|---|
| SANSHI FUND-I | ₹4.01 Cr | 31.64% | |||
| MINT FOCUSED GROWTH FUND PCC-CELL 1 | ₹3.80 Cr | 30.04% | |||
| SHREM INVESTMENTS PVT.LTD. | ₹1.82 Cr | 14.37% | |||
| FORTUNE HANDS GROWTH FUND-FORTUNE HANDS GROWTH FUND SCHEME I | ₹1.52 Cr | 11.98% | |||
| AARTH AIF GROWTH FUND | ₹1.52 Cr | 11.98% | |||
| Total | 801,600 | ₹12.67 Cr | 100.01% |
Recode Studios IPO Allotment Probability
Allotment probability is calculated based on current subscription multiples. Retail allotment is by lottery when oversubscribed; NII allotment is proportionate. Final numbers may change until subscription closes. This is not investment advice.
What Does This Subscription Data Mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during market hours (10 AM – 5 PM IST) on active subscription days.
Frequently Asked Questions
What is the current subscription status of Recode Studios IPO?
As of IPO close date (07 May, 2026), the Recode Studios IPO is subscribed 217.89x times. Retail category is 216.65x, and NII is 298.07x subscribed.
When is the allotment date for Recode Studios IPO?
The allotment for Recode Studios IPO is expected to be finalized on 08 May, 2026.
What is the GMP of Recode Studios?
The Grey Market Premium (GMP) for Recode Studios is currently ₹42, indicating a potential listing gain of 27%.
When will Recode Studios IPO list on the stock market?
Recode Studios is scheduled to list on BSE and NSE on 12 May, 2026.
What are the chances of getting allotment in Recode Studios IPO?
The retail category is oversubscribed at 216.65x, meaning allotment is by lottery. Statistically, approximately 1 in 217 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 137.99x mean for Recode Studios IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 137.99x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Recode Studios IPO allotment status?
After the allotment date (08 May, 2026), you can check your Recode Studios IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Recode Studios IPO Further
Track every stage of this IPO from subscription to listing:
Discussion 0
No comments yet
Be the first to share your thoughts!