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recode studios ipo day 1 sme ipo opens today check ipo gmp subscription status and other details 11777951872603
WB_678_DIGITAL_GOVERNMENTWB_694_BROADCAST_AND_MEDIAWB_133_INFORMATION_AND_COMMUNICATION_TECHNOLOGIESTAX_FNCACT_MANAGERS
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AI insight
AI-generatedRecode Studios, an SME, is raising capital via IPO on BSE SME. The proceeds are for capex, marketing, and working capital. The grey market premium suggests positive sentiment, but the commercial mechanism is weak: no direct impact on any commodity or sector beyond the company itself. The event is company-specific and does not signal a broader sectoral shift.
Signals our AI researcher identified
Extracted by our AI model from this article and related public sources — not direct quotes from the publisher.
- Recode Studios launched IPO on May 5, 2023, aiming to raise ₹44.59 crore.
- Price band set at ₹150-158 per share.
- IPO consists of fresh issue of 0.25 crore shares (₹39.55 crore) and offer for sale of 0.03 crore shares (₹5.04 crore).
- Subscription closes May 7, allotment May 8, listing on BSE SME May 12.
- Grey market premium of ₹40 indicates strong investor interest.