Comparison between Recode Studios IPO and Sotefin Bharat IPO.
Recode Studios IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Sotefin Bharat IPO is a SME Bookbuilding proposed to list at BSE SME.
| Recode Studios IPO | Sotefin Bharat IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Seren Capital Pvt.Ltd. | Choice Capital Advisors Pvt.Ltd. |
| Registrar | Mudra RTA Ventures Private Limited | Bigshare Services Pvt.Ltd. |
| Market Maker | Asnani Stock Broker Pvt.Ltd. | Choice Equity Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | |
| Anchor Investor | 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 Sotefin Bharat IPO is up to ₹85.27 Cr. The final issue price of Recode Studios IPO is ₹158.00 per share and of Sotefin Bharat IPO is ₹187.00 per share.
| Recode Studios IPO | Sotefin Bharat IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹150.00 per share | ₹178.00 per share |
| Issue Price (Upper) | ₹158.00 per share | ₹187.00 per share |
| Issue Price (Final) | ₹158.00 per share | ₹187.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 800 shares | 600 shares |
| Fresh Issue Size | 23,58,400 shares | 45,60,000 shares |
| Fresh Issue Size (Amount) | up to ₹37.26 Cr | up to ₹85.27 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 | 45,60,000 shares |
| Issue Size Total (Amount) | up to ₹42.31 Cr | up to ₹85.27 Cr |
Recode Studios IPO opens on May 05, 2026, while Sotefin Bharat IPO opens on Jul 16, 2026. The closing date of Recode Studios IPO and Sotefin Bharat IPO is May 07, 2026, and Jul 20, 2026, respectively.
| Recode Studios IPO | Sotefin Bharat IPO | |
|---|---|---|
| Anchor Bid Date | May 04, 2026 | Jul 15, 2026 |
| Issue Open | May 05, 2026 | Jul 16, 2026 |
| Issue Close | May 07, 2026 | Jul 20, 2026 |
| Basis Of Allotment (Tentative) | May 08, 2026 | Jul 21, 2026 |
| Initiation of Refunds (Tentative) | May 11, 2026 | Jul 22, 2026 |
| Credit of Share (Tentative) | May 11, 2026 | Jul 22, 2026 |
| Listing date (Tentative) | May 12, 2026 | Jul 23, 2026 |
| Anchor Lockin End date 1 | Jun 07, 2026 | Aug 20, 2026 |
| Anchor Lockin End date 2 | Aug 06, 2026 | Oct 19, 2026 |
Recode Studios IPO P/E ratio is 38.94, as compared to Sotefin Bharat IPO P/E ratio of 14.38.
| Recode Studios IPO | Sotefin Bharat IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)Sotefin Bharat Ltd.'s revenue increased by 26% and profit after tax (PAT) rose by 54% between the financial year ending with March 31, 2026 and March 31, 2025.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 88.93 | 41.54 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 65.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 38.94 | 14.38 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹168.18 Cr. | ₹339.60 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 46.37 | 26.98 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 34.47 | 33.31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.86 | 0.31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.06 | ₹13.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 37.64 | 26.98 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Recode Studios IPO Retail Individual Investors (RII) are offered 9,37,600 shares while in Sotefin Bharat IPO retail investors are offered 9,37,600 shares. Qualified Institutional Buyers (QIB) are offered 5,35,200 shares in Recode Studios IPO and 9,12,000 shares in Sotefin Bharat IPO.
| Recode Studios IPO | Sotefin Bharat IPO | |
|---|---|---|
| Anchor Investor Reservation | 8,01,600 shares | 13,68,000 shares |
| Market Maker Reservation | 1,44,800 shares | 2,40,000 shares |
| QIB | 5,35,200 shares | 9,12,000 shares |
| NII | 4,03,200 shares | 6,84,000 shares |
| RII | 9,37,600 shares | 15,96,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 26,77,600 shares | 45,60,000 shares |
Recode Studios IPO subscribed 164.39x in total, whereas Sotefin Bharat IPO subscribed 3.99x.
| Recode Studios IPO | Sotefin Bharat IPO | |
|---|---|---|
| QIB (times) | 137.99x | 2.82x |
| NII (times) | 404.76x | 6.05x |
| Big NII (times) | 485.52x | 7.28x |
| Small NII (times) | 243.23x | 3.59x |
| RII (times) | 216.65x | 3.78x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 164.39x | 3.99x |
