Recode Studios IPO Live GMP Today
As of 11 May 2026, 07:28 pm IST, Recode Studios SME IPO is quoting a grey market premium of +₹42 (+26.6% over the issue price), implying a listing around ₹200 per share.
| Status | Listed |
| Type | SME |
| Open Date | May 05, 2026 |
| Close Date | May 07, 2026 |
| Listing Date | May 12, 2026 |
| Lot Size | 1600 shares |
| Issue Size | ₹45.00 Cr |
| Date | GMP (Rs) | GMP % | Est. Listing |
|---|---|---|---|
| May 11, 2026 07:28 pm | +42 | +26.6% | ₹200 |
| May 11, 2026 02:02 pm | +48 | +30.4% | ₹206 |
| May 10, 2026 10:15 am | +50 | +31.7% | ₹208 |
| May 07, 2026 07:20 pm | +42 | +26.6% | ₹200 |
| May 07, 2026 02:29 pm | +43 | +27.2% | ₹201 |
| May 06, 2026 08:19 pm | +48 | +30.4% | ₹206 |
| May 06, 2026 11:38 am | +44 | +27.9% | ₹202 |
| May 06, 2026 06:53 am | +42 | +26.6% | ₹200 |
| May 05, 2026 02:15 am | +40 | +25.3% | ₹198 |
| May 04, 2026 07:36 pm | +47 | +29.8% | ₹205 |
| May 03, 2026 06:27 am | +45 | +28.5% | ₹203 |
| May 02, 2026 01:45 pm | +37 | +23.4% | ₹195 |
| May 01, 2026 04:26 pm | +40 | +25.3% | ₹198 |
| May 01, 2026 01:48 pm | +31 | +19.6% | ₹189 |
| Apr 30, 2026 06:28 pm | +35 | +22.2% | ₹193 |
| Apr 30, 2026 04:18 pm | +52 | +32.9% | ₹210 |
| Apr 30, 2026 12:36 pm | +26 | +16.5% | ₹184 |
| Apr 30, 2026 07:56 am | +11 | +7.0% | ₹169 |
| Apr 29, 2026 03:18 pm | +0 | +0.0% | ₹158 |
Recode Studios IPO GMP — Detailed Analysis
What Recode Studios GMP Tells Us Today
The current Grey Market Premium for Recode Studios IPO is Rs 42 (26.6% over the issue price). Based on this GMP, the implied listing price hovers around Rs 200 per share. Across the 19 GMP records captured for this issue, the trend has been rising by Rs 42 — a useful directional signal for gauging investor sentiment as the listing date approaches.
How to Read the Recode Studios GMP Trend
The GMP chart and history table above let you watch how unofficial demand has evolved through the bidding window. A few things worth noting when interpreting this data:
- Stable or rising GMP through bidding typically signals genuine investor demand and improves the odds of a positive listing day.
- A late-stage GMP spike (sudden jump only on the last day) is often speculative and tends to fade after listing — treat with caution.
- A declining GMP can signal either weakening sentiment or rational profit-booking by grey market players ahead of listing.
- GMP near zero or negative is a red flag — historically, IPOs that listed flat or in discount had GMP fizzle in the final days of bidding.
GMP Reliability for SME IPOs
SME IPO GMP is significantly more volatile than Mainboard GMP. Lower trading volume in the SME grey market and the smaller pool of dealers mean prices can swing sharply on small trades. Use SME GMP as a directional indicator rather than a precise price forecast — the actual listing price can deviate substantially from the implied GMP-based estimate, both upward and downward.
Recode Studios IPO is expected to list on May 12, 2026. GMP signals between now and listing day are most useful as a real-time read on demand — final listing performance will also depend on subscription levels (especially QIB participation), fundamentals, and overall market conditions on the listing day.
For broader context on how GMP works as an indicator, see our explainer: What is IPO GMP?