R-89 Phase V Focal Point,,

Ludhiana - 141010,

Punjab, India.

Phone : 0161-4752672

Fax : NA

Email :  info@recodestudios.com

Website :  www.recodestudios.com

Initial public offer of upto 28,22,400 equity shares of face value of (Rs) 10/- each (the "Equity Shares") of Recode Studios Limited ("The Company" or "RSL" or "The Issuer") at an offer price of (Rs) 150-158 per equity share for cash, aggregating up to (Rs)42.34-44.59 Crores ("Public Offer") comprising of a fresh issue of upto 25,03,200 equity shares aggregating to (Rs) 37.55-39.55 Crores (the "Fresh Issue") and an offer for sale of upto 3,19,200 equity shares by the promoter selling shareholders, Rahul Sachdeva, Karan Bansal and Preeti Trehan ("Offer For Sale") aggregating to (Rs) 4.79-5.04 Crores, (hereinafter refferd as "Promoter Selling Shareholders") out of which 1,44,800 equity shares of face value of (Rs) 10/- each, at an offer price of (Rs) 150-158 per equity share for cash, aggregating (Rs) 2.17-2.29 Crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. offer of 26,77,600 equity shares of face value of (Rs) 10/- each, at an offer price of (Rs) 150-158 per equity share for cash, aggregating (Rs) 40.16-42.31 Crores is herein after referred to as the "Net Offer". The public offer and net offer will constitute 26.52% and 25.16% respectively of the post- offer paid-up equity share capital of the company. Price Band: (Rs) 150/- to (Rs) 158/- per equity share of face value of (Rs) 10/- each. The floor price is 15.0 times the face value of the equity shares and the cap price is 15.8 times of the face value of the equity shares. Bids can be made for a minimum of 1600 equity shares and in multiples of 800 equity shares thereafter.

Minimum Application for shares in Nos : 1600   Further Multiples of : 800