Mumbai, May 12 -- The scrip was listed at Rs 213.10, a 34.87% premium to the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 223.75 and a low of Rs 213.10. About 15.29 lakh shares of the company changed hands at the counter.

Recode Studios' IPO was subscribed 217.89 times. The issue opened for bidding on 5 May 2026 and it closed on 7 May 2026. The price band of the IPO is was between Rs 150 to 158 per share.

The company intends to utilise the net proceeds for funding capital expenditure towards setting up a new warehouse facility at Ludhiana, Punjab, marketing and advertisement expenses to enhance brand awareness and visibility, meeting workin...