Recode Studios, a homegrown beauty & cosmetic brand that gained popularity after appearing on Shark Tank India Season 2, has submitted its Draft Red Herring Prospectus (DRHP) with BSE SME Exchange for Initial Public Offering (IPO).
The Initial Public Offering (IPO) that has been proposed will facilitate the enhancement of working capital and the establishment of the new warehouse facility. The effort will enable the brand to improve efficiency and the supply chain to support the growth of Recode Studios.
As digital engagement is a crucial aspect related to the beauty & personal care category, the brand is also looking to further improve visibility and awareness through continued focus on advertising, promotional, and other related marketing efforts.
Narinder Singh, Chief Financial Officer, Recode Studios, said, “The submission of our DRHP with SEBI is a significant milestone in our journey. This proposed IPO would help us enhance our working capital base and establish a new warehouse facility, which would streamline our operations, improve scalability, and enhance service delivery. This move strengthens our commitment to financial prudence, transparency, and laying a solid foundation to ensure sustainable growth.”
