Recode Studios Limited (Scrip Code: 544755, ISIN: INE2B6701015) will be listed on the BSE SME segment under the ‘MT’ Group effective Tuesday, May 12, 2026. In accordance with SEBI circular CIR/MRD/DP/02/2012 dated January 20, 2012, the scrip will trade in the Trade-for-Trade segment for the first 10 trading days. The IPO issue price was Rs. 158 per share (face value Rs. 10 + premium Rs. 148), with allotment completed on May 8, 2026.

Key Points

• Listing effective: Tuesday, May 12, 2026 on BSE SME segment, ‘MT’ Group
• Total securities: 10,644,344 equity shares of Rs. 10/- each, fully paid up
• Distinctive number range: 1 to 10,644,344
• Scrip ID on BOLT: RECODE | Scrip Code: 544755 | ISIN: INE2B6701015
• Issue price: Rs. 158/- per share (face value Rs. 10/-, premium Rs. 148/-)
• Market lot: 800 equity shares; trading only in dematerialised form
• Trade-for-Trade segment applies for first 10 trading days post-listing
• Special Pre-open Session (SPOS) scheduled for May 12, 2026
• Market Maker: Asnani Stock Broker Private Limited (SEBI Reg: INZ000190431)
• Registrar: Mudra RTA Ventures Private Limited (SEBI Reg: INR000004413)

Regulatory Changes

No new regulatory changes introduced. The listing follows existing SEBI guidelines including the February 16, 2000 dematerialisation mandate, the January 20, 2012 Trade-for-Trade circular, and the February 16, 2012 Special Pre-open Session framework for IPOs and relisted scrips.

Compliance Requirements

• Trading members must trade this scrip exclusively in dematerialised form.
• All trades must be in minimum market lot of 800 equity shares or multiples thereof.
• Trading members must participate in the Special Pre-open Session (SPOS) on May 12, 2026 per the Exchange notice 20120216-29.
• Lock-in restrictions as detailed in Annexure I must be observed; corporate action for demat lock-in has been executed in the depository’s records.
• Shareholding pattern disclosures are as per Annexure II attached to the original notice.

Important Dates

• May 8, 2026: Date of allotment in the public issue
• May 11, 2026: Notice date
• May 12, 2026: Listing date and commencement of trading; Special Pre-open Session (SPOS)
• 10 trading days from May 12, 2026: Trade-for-Trade segment restriction period
• Financial Year End: March 31

Impact Assessment

This is a routine SME IPO listing on BSE. The Trade-for-Trade restriction for the first 10 trading days limits speculative intraday trading, requiring delivery-based settlement for each trade. The minimum market lot of 800 shares at an issue price of Rs. 158 implies a minimum trade value of approximately Rs. 1,26,400, consistent with SME segment norms. The SPOS mechanism on listing day provides price discovery for retail and institutional participants. Impact is contained to SME segment traders, allottees, and the market maker (Asnani Stock Broker Private Limited) who is obligated to provide liquidity.

BSE has notified trading members that the equity shares of RECODE STUDIOS LIMITED will be listed and admitted to dealings on the Exchange. The company is being listed on the SME segment under Scrip Code 544755, Symbol RECODE, and ISIN INE2B6701015. The precise date of listing and further security details will be communicated through a subsequent notice.

Key Points

• RECODE STUDIOS LIMITED equity shares are approved for listing on BSE’s SME segment.
• Scrip Code: 544755 | Symbol: RECODE | ISIN: INE2B6701015
• Actual listing date and security details to be announced separately.
• Notice issued by Hardik Bhuta, Assistant Vice President, DCS-Listing, BSE Limited.

Regulatory Changes

No regulatory changes are introduced by this notice. It is a standard listing announcement under BSE’s DCS-Listing department.

Compliance Requirements

Trading members should take note of the upcoming listing and await the separate notice for the confirmed listing date and full security details before initiating any trades in RECODE STUDIOS LIMITED shares.

Important Dates

• Notice Date: 11 May 2026
• Listing Date: To be announced via a separate notice.

Impact Assessment

This is a routine listing notice for a new SME segment entrant. The impact is limited to trading members who will need to update their systems once the listing date is confirmed. Broader market impact is minimal given the SME classification of the company.