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Issue Open Date
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05-May-26
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Issue Closing Date
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07-May-26
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Application Money
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100
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Allotment Money
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Price Band
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150
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158
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Minimium Application No.
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1600
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Issue Size (Shares)
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2822400
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Market Lot
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1
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Objective
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1. Funding of Capital expenditure towards setup of a new Warehouse at Ludhiana, Punjab; 2. Marketing and Advertisement expenses towards enhancing the awareness and visibility of our brand; 3. Utilization towards working capital requirements; and 4. General corporate purposes.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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Qualified Institutional Buyers
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Retail Individual Investors
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Business Description
We are a beauty and personal care (“BPC”) company operating in the beauty, cosmetics and personal care segment in India. Our business primarily involves the branding, procurement and distribution of beauty and personal care products under the “Recode” brand. We operate through an omnichannel distribution network, which comprises Company-Owned Company-Operated (“COCO”) retail stores, Franchisee-Owned Franchisee-Operated (“FOFO”) stores, third-party e-commerce platforms and our proprietary website and mobile application. We offer a diversified portfolio of products across make-up, skincare, body care and beauty accessories, catering to a wide range of consumer preferences and usage occasions. As of the date of this DRHP, our Company offers approximately 350+ Stock Keeping Units (“SKUs”) across multiple categories and price points. Our product portfolio includes face make-up, eye make-up, lip makeup, face and body care products and beauty accessories. Our omnichannel distribution model enables us to distribute our products through both offline and online channels, allowing customers to purchase our products through physical retail outlets as well as digital platforms. Offline distribution is carried out through a combination of COCO stores, which are directly operated by the Company and FOFO stores, which are operated by independent franchise partners. Online distribution is undertaken through our own website (www.shop.recodestudios.com) and mobile application (Recode Studios), as well as through third-party e-commerce marketplaces such as Amazon, Nykaa, Myntra and Flipkart. The “Recode” brand was established in the year 2018 under the partnership firm, M/s Lush Looks, by five of our existing Promoters, namely, Mr. Rahul Sachdeva, Ms. Shelly Bansal, Ms. Preeti Trehan, Ms. Neetu Bansal and Ms. Shalini Trehan. Subsequent to the incorporation of our Company in 2021, the business operations of M/s Lush Looks were gradually transferred to the Company and by the end of the financial year 2022–23, the entire business was being carried on by the Company.
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Promoter's Holding
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Total Share Capital
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7239870
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Offered to Public
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2823354
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Promoter's Holding (Pre-Issue)
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88.93
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Promoter's Holding (Post-Issue)
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Address |
R-89
Phase V
Focal Point
Ludhiana,
Punjab,
141010
Phone : 0161 4752672
Email : info@recodestudios.com
Website : www.shop.recodestudios.com
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Registrar |
Mudra RTA Ventures Pvt Ltd.
B-117
3rd Floor
DDA Shed
Okhla Industrial Area
Phase - 1
New Delhi
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Listed at |
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BSE
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Lead Manager |
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Seren Capital Pvt Ltd.
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Promoters |
Dheeraj Bansal
Karan Bansal
Preeti Trehan
Rahul Sachdeva
Shalini Trehan
Shelly Bansal
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