Data sourced from BSE · Compiled by IPO Ji · IPO subscription data last updated
Total 234.71x·QIB 137.99x·NII 405.12x·Individual 216.64x
Based on individual subscription by applications (216.64×), approximately 1 in 217 individual applications may receive an allotment. Final allotment is decided by the registrar’s computerised lottery.
Recode Studios Limited SME IPO was subscribed 234.71x in total when bidding closed on May 7, 2026, with 137.99x in the QIB category, 405.12x in NII, 216.64x in individual across BSE. This represents a strong oversubscription, reflecting heavy investor demand; a high subscription figure does not guarantee listing gains, and allotment follows the applicable category and exchange rules. The issue ran from May 5, 2026 to May 7, 2026 at a price band of ₹150–₹158 per share. Allotment was finalised on May 8, 2026.
| Category | Offer | Applied | Times |
|---|---|---|---|
| QIBs | 535200 | 73849600 | 137.99 |
| NIIs | 403200 | 163343200 | 405.12 |
| BNIIs (>10L) | 268800 | 130653600 | 486.06 |
| SNIIs (<10L) | 134400 | 32689600 | 243.23 |
| Individual | 937600 | 203124800 | 216.64 |
| Total | 1876000 | 440317600 | 234.71 |
| Total Applications1,59,205 approx. |
|||
| Category | Reserve | Applied | Times |
|---|---|---|---|
| BNIIs (>10L) | 112 | 19,325 | 172.54 |
| SNIIs (<10L) | 56 | 12,810 | 228.75 |
| Individual | 586 | 1,26,953 | 216.64 |
| Total Applications1,59,205 approx. |
|||
| Category | Offered | Demand | Times |
|---|---|---|---|
| QIBs | 8.46 | 1166.82 | 137.99 |
| FIIs | - | 257.75 | - |
| DIIs | - | 132.37 | - |
| Mutual Funds | - | 1.07 | - |
| Others | - | 775.63 | - |
| NIIs | 6.37 | 2580.82 | 405.12 |
| BNIIs (>10L) | 4.25 | 2064.33 | 486.06 |
| SNIIs (<10L) | 2.12 | 516.5 | 243.23 |
| Individual | 14.81 | 3209.37 | 216.64 |
| TOTAL | 29.64 | 6957.02 | 234.71 |
| As on | QIB |
NII
bHNI
sHNI
|
Individual | Total |
|---|---|---|---|---|
|
Day 1
5 May 2026
5:00 PM
|
3.51x |
10.02x
11.39x
7.28x
|
9.07x | 7.69x |
|
Day 2
6 May 2026
5:00 PM
|
3.54x |
56.77x
66.51x
37.29x
|
40.56x | 33.48x |
|
Day 3
7 May 2026
5:00 PM
|
137.99x |
405.12x
486.06x
243.23x
|
216.64x | 234.71x |
Anticipated subscription based on the number of applications received (an alternative to the shares-based figures above), sourced from BSE.
| Category | Times (by applications) |
|---|---|
| bHNI | 172.54x |
| sHNI | 228.75x |
| Individual | 216.64x |
Because Recode Studios closed oversubscribed, applicants were not guaranteed full allotment. In oversubscribed issues, shares are allotted according to the applicable category and exchange rules, so applicants are not guaranteed full allotment once an issue is oversubscribed. The number of times each category is subscribed is one indicator of demand, alongside the company's fundamentals and the broader market.
A high subscription figure reflects strong demand but does not guarantee a premium listing, and a low figure does not guarantee a discount. This page is for information only and is not investment advice. Investors should read the company's prospectus and consult a SEBI-registered adviser before making any decision.
IPO subscription status shows how many times an issue has been applied for, compared with the shares on offer, broken down by Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and the Retail or SME Individual Investor category. A figure of "2x" means investors applied for twice the shares available. See how IPO subscription works and track all live IPOs →
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