December 2, 2025
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ScaleSauce IPO
ScaleSauce IPO is a book-built SME issue of Rs. 40.21 crore, comprising a fresh issue of 37,58,400 equity shares.
The IPO opens on December 5, 2025 and closes on December 9, 2025.
The shares will list on NSE SME, with a tentative listing date of December 12, 2025.
🕗 Last Update: 2 December 2025, 6.00 AM
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ScaleSauce IPO – Key Details
| Particulars | Details |
|---|---|
| IPO Dates | December 5 to December 9, 2025 |
| Listing | NSE SME |
| Issue Type | Book Building |
| Issue Size | Rs. 40.21 crore |
| Price Band | Rs. 101 to Rs. 107 per share |
| Lot Size | 1,200 shares |
| Minimum Retail Application | 2 lots = 2,400 shares = Rs. 2,56,800 |
| Minimum HNI Application | 3 lots = 3,600 shares = Rs. 3,85,200 |
About ScaleSauce (Encompass Design India Ltd.)
Incorporated in 2010, Encompass Design India Ltd. (EDIL), popularly known as ScaleSauce, builds and scales consumer brands in home & living and food categories for modern urban buyers.
Its business spans:
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Manufacturing of bed sheets, curtains, linens, comforters and home lifestyle items
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Production of food products such as sauces
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Trading of agro products, cotton, fabrics via curated/gated markets
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Offering digital & e-commerce services for D2C brands, including marketing, tech and operational support
Competitive Strengths
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Strong brand recall and innovatively curated product lines
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Asset-light, scalable and agile operating model
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Experienced leadership team
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Strong technology and analytics focus supporting brand growth
Company Financials (Restated)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 63.24 | 53.45 | 23.19 | 23.92 |
| Total Income | 28.17 | 55.01 | 40.15 | 21.69 |
| PAT | 5.05 | 10.79 | 6.88 | -1.29 |
| EBITDA | 8.85 | 16.86 | 11.21 | 0.56 |
| Net Worth | 37.62 | 32.58 | 10.37 | 3.50 |
Figures in Rs. crore
Key Performance Indicators (KPIs)
| KPI | Value |
|---|---|
| ROE | 50.26% |
| ROCE | 40.49% |
| Debt/Equity | 0.44 |
| RoNW | 33.13% |
| PAT Margin | 19.75% |
| EBITDA Margin | 30.86% |
| Market Cap | Rs. 151.76 crore |
Valuation Snapshot
| Particulars | Pre IPO | Post IPO |
|---|---|---|
| EPS (Rs.) | 10.35 | 7.12 |
| P/E (x) | 10.33 | 15.04 |
ScaleSauce IPO Reservation
| Category | Shares Offered |
|---|---|
| Market Maker | 1,88,400 (5.01%) |
| QIB | 17,83,200 (47.45%) |
| NII | 5,36,400 (14.27%) |
| Retail | 12,50,400 (33.27%) |
| Total | 37,58,400 |
Anchor Investors
| Particulars | Details |
|---|---|
| Anchor Bid Date | December 4, 2025 |
| Shares Allotted | 10,69,200 |
| Amount Raised | Rs. 11.44 crore |
| Lock-in (50%) | January 9, 2026 |
| Lock-in (Remaining) | March 10, 2026 |
ScaleSauce IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Opens | December 5, 2025 |
| IPO Closes | December 9, 2025 |
| Allotment | December 10, 2025 |
| Refunds | December 11, 2025 |
| Shares in Demat | December 11, 2025 |
| Listing | December 12, 2025 |
| UPI Cut-off | 5 PM, December 9, 2025 |
Lot Size & Investment
| Application | Lots | Shares | Amount (Upper Band) |
|---|---|---|---|
| Retail (Min–Max) | 2 | 2,400 | Rs. 2,56,800 |
| S-HNI (Min) | 3 | 3,600 | Rs. 3,85,200 |
| S-HNI (Max) | 7 | 8,400 | Rs. 8,98,800 |
| B-HNI (Min) | 8 | 9,600 | Rs. 10,27,200 |
Promoters
Promoters:
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Mr. Amit Rajendraprasad Dalmia
-
Mrs. Susmita Amit Dalmia
-
Mr. Ruman Kailash Agarwal
-
Mr. Yogendra Vashishta
Promoter Holding Pre-Issue: 80.19%
Promoter Holding Post-Issue: To be updated based on final dilution
Objects of the Issue
| S. No. | Purpose | Amount (Rs. crore) |
|---|---|---|
| 1 | Office purchase, interior work & refurbishment | 11.49 |
| 2 | Working Capital | 7.29 |
| 3 | Loan repayment/prepayment | 11.00 |
| 4 | General Corporate Purpose | — |
Company Address
Encompass Design India Ltd.
Virwani Industrial Estate, Shop No. A-101
Opp. Western Express Highway
Goregaon, Mumbai – 400063
Phone: +91 7738988671
Email: cs@edipl.in
Website: www.edipl.in
Lead Manager
3Dimension Capital Services Ltd.
Registrar
MUFG Intime India Pvt. Ltd.
Chanakya View – ScaleSauce IPO (Buy or Not?)
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Strong revenue and profit growth in recent years
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High ROE and ROCE indicating efficient capital usage
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Diversified presence in home lifestyle + food segment
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Strong D2C & digital capabilities suitable for current market trends
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Post-issue valuation slightly on the higher side but supported by strong margins and brand profile
Chanakya Remark:
Suitable for investors looking for a growth-oriented SME brand player with strong financial traction. Moderate listing gains possible depending on subscription momentum.
Quicklinks
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Disclaimer
This coverage is for informational and educational purposes. Chanakya Ni Pothi does not deal in Grey Market Premiums or recommend investments based on GMP data. Please consult your SEBI-registered investment advisor.
