Comparison between Recode Studios IPO and Vinit Mobile IPO.
Recode Studios IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Vinit Mobile IPO is a SME Bookbuilding proposed to list at NSE SME.
| Recode Studios IPO | Vinit Mobile IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Seren Capital Pvt.Ltd. | Comfort Securities Ltd. |
| Registrar | Mudra RTA Ventures Private Limited | Bigshare Services Pvt.Ltd. |
| Market Maker | Asnani Stock Broker Pvt.Ltd. | Comfort Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Recode Studios IPO is up to ₹42.31 Cr whereas the issue size of the Vinit Mobile IPO is up to ₹32.42 Cr. The final issue price of Recode Studios IPO is ₹158.00 per share and of Vinit Mobile IPO is ₹158.00 per share.
| Recode Studios IPO | Vinit Mobile IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹150.00 per share | ₹150.00 per share |
| Issue Price (Upper) | ₹158.00 per share | ₹158.00 per share |
| Issue Price (Final) | ₹158.00 per share | ₹158.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 800 shares | 800 shares |
| Fresh Issue Size | 23,58,400 shares | 20,52,000 shares |
| Fresh Issue Size (Amount) | up to ₹37.26 Cr | up to ₹32.42 Cr |
| OFS Issue Size | 3,19,200 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹5.04 Cr | up to ₹0.00 Cr |
| Issue Size Total | 26,77,600 shares | 20,52,000 shares |
| Issue Size Total (Amount) | up to ₹42.31 Cr | up to ₹32.42 Cr |
Recode Studios IPO opens on May 05, 2026, while Vinit Mobile IPO opens on Jun 30, 2026. The closing date of Recode Studios IPO and Vinit Mobile IPO is May 07, 2026, and Jul 02, 2026, respectively.
| Recode Studios IPO | Vinit Mobile IPO | |
|---|---|---|
| Anchor Bid Date | May 04, 2026 | |
| Issue Open | May 05, 2026 | Jun 30, 2026 |
| Issue Close | May 07, 2026 | Jul 02, 2026 |
| Basis Of Allotment (Tentative) | May 08, 2026 | Jul 03, 2026 |
| Initiation of Refunds (Tentative) | May 11, 2026 | Jul 06, 2026 |
| Credit of Share (Tentative) | May 11, 2026 | Jul 06, 2026 |
| Listing date (Tentative) | May 12, 2026 | Jul 07, 2026 |
| Anchor Lockin End date 1 | Jun 07, 2026 | |
| Anchor Lockin End date 2 | Aug 06, 2026 |
Recode Studios IPO P/E ratio is 38.94, as compared to Vinit Mobile IPO P/E ratio of 16.24.
| Recode Studios IPO | Vinit Mobile IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 88.93 | 99.80 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 65.01 | 64.85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 38.94 | 16.24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹168.18 Cr. | ₹97.49 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 46.37 | 84.78 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 34.47 | 73.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.86 | 0.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.06 | ₹9.73 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 37.64 | 84.78 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Recode Studios IPO Retail Individual Investors (RII) are offered 9,37,600 shares while in Vinit Mobile IPO retail investors are offered 9,37,600 shares. Qualified Institutional Buyers (QIB) are offered 5,35,200 shares in Recode Studios IPO and 21,600 shares in Vinit Mobile IPO.
| Recode Studios IPO | Vinit Mobile IPO | |
|---|---|---|
| Anchor Investor Reservation | 8,01,600 shares | 0 shares |
| Market Maker Reservation | 1,44,800 shares | 1,08,000 shares |
| QIB | 5,35,200 shares | 21,600 shares |
| NII | 4,03,200 shares | 8,20,800 shares |
| RII | 9,37,600 shares | 12,09,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 26,77,600 shares | 20,52,000 shares |
Recode Studios IPO subscribed 164.39x in total, whereas Vinit Mobile IPO subscribed 1.62x.
| Recode Studios IPO | Vinit Mobile IPO | |
|---|---|---|
| QIB (times) | 137.99x | 1.00x |
| NII (times) | 404.76x | 0.80x |
| Big NII (times) | 485.52x | 0.88x |
| Small NII (times) | 243.23x | 0.63x |
| RII (times) | 216.65x | 2.18x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 164.39x | 1.62x |
