Updated on 12.12.2025 @ 9:41 AM
Encompass Design India Limited is set to launch its Initial Public Offering (IPO) on the NSE EMERGE platform. You can also check all the live, latest and upcoming IPOs at our IPO's hub page.
It is operating under the consumer brand "ScaleSauce,"
The subscription for this public issue will open on December 5, 2025, and close on December 9, 2025.
The company aims to raise up to ₹40.21 crores through a 100% fresh issue of shares.
The price band has been fixed at ₹101 to ₹107 per share, with a minimum lot size of 1,200 shares.
ScaleSauce has shown impressive profit growth and margin expansion, but investors must consider the high customer concentration and recent negative cash flows. If you’re new to investing and want to understand concepts like risks, cash flows, and valuation, you can explore our Mutual Fund Learning Platform for simple, practical lessons
In this article, you will find ScaleSauce IPO GMP today, subscription status, allotment date, price band, and a detailed, unbiased review to help you make an informed decision.
Briefs of ScaleSauce IPO Details
- Price Band: ₹101 to ₹107 per share
- IPO Open / Close Dates: December 5, 2025 – December 9, 2025
- Lot Size: 1,200 Shares
- Issue Size: 37,58,400 shares (aggregating up to ₹40.21 Crores)
- Fresh Issue / OFS: 100% Fresh Issue
- Registrar: MUFG Intime India Pvt.Ltd. i
- Listing Exchange: NSE SME
For the investors who are new or want detailed guide on allotment status check at registrar can refer to our detailed guide on how to check allotment status at MUFG Intime which has all the required key information in detail.
What is The ScaleSauce IPO GMP Today?
Check the IPO GMP's at a single place of our Grey market premium hub page.(The Grey Market Premium (GMP) is an unofficial indicator that reflects market sentiment and typically becomes active closer to the IPO opening date.)
Listing Updates:
| Type | Issue Price | Open | Gain/loss |
| Lisiting | 107 | 203.3 | 90.0 |
What Are The ScaleSauce IPO Dates & Allotment Schedule?
- IPO Open & Close Date: December 5, 2025 – December 9, 2025
- Basis of Allotment Date: December 10, 2025
- Refund Initiation Date: December 11, 2025
- Credit of Shares: December 11, 2025
- Listing Date: December 12, 2025
What Are The Objectives of ScaleSauce IPO?
The company intends to utilise the net proceeds from the public offering for its strategic growth and debt reduction:
- Capital Expenditure (₹11.49 Crores): For the purchase and setup of new office space, enhancing operational infrastructure.
- Repayment of Borrowings (₹11.00 Crores): A significant portion is allocated to reduce outstanding debt, improving the company's leverage position.
- Working Capital Requirements (₹7.29 Crores): To support the growing inventory and operational needs of its expanding business.
- General Corporate Purposes: The balance amount will be used for other strategic requirements.
How is The Financial Performance of ScaleSauce?
The following table summarizes the company's financial performance based on restated consolidated data.
(Amounts in ₹ Crores)
| Particulars | Period Ended 30 Sep 2025 | Year Ended 31 Mar 2025 | Year Ended 31 Mar 2024 | Year Ended 31 Mar 2023 |
Total Income | 28.17 | 55.01 | 40.15 | 21.69 |
Profit After Tax (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 |
Assets | 63.24 | 53.45 | 23.19 | 23.92 |
Key Financial Observations:
Profit After Tax (PAT):
ScaleSauce has staged a remarkable turnaround, moving from a loss in FY23 to a solid profit of ₹10.79 Crores in FY25. This growth is driven by improved margins and operational leverage as the business scaled.
Total Income:
Revenue has surged consistently, more than doubling between FY23 and FY25. The first half of FY26 continues this trend, indicating strong demand for its home & living and food products.
EBITDA:
Operational efficiency has improved dramatically, with EBITDA margins expanding to over 30% in FY25 from just 2.6% in FY23. This signifies better cost control and economies of scale.
Assets:
Total assets have grown substantially to ₹63.24 Crores as of September 2025, driven by investments in working capital and expansion. However, the business is working capital intensive, with significant funds tied up in current assets.
P/E Ratio & Peer Comparison
Based on its Fiscal Year 2025 earnings per share (EPS) of ₹10.39, the IPO is priced at a Price-to-Earnings (P/E) multiple of approximately 10.3x at the upper end of the price band (₹107).
P/E Ratio = ₹107 (Price) / ₹10.39 (Earnings Per Share)
P/E Ratio ≈ 10.3x
This valuation appears quite reasonable when compared to its listed industry peers.
| Company Name | P/E Ratio | RoNW (%) (FY25) | EBITDA Margin (%) (FY25) |
ScaleSauce (at IPO price) | ~10.3x | 50.26% | 30.86% |
| Neelam Linens & Garments | 10.80x | 6.84% | 9.20% |
| N R Vandana Tex Industries | 8.70x | 25.46% | 7.12% |
Source: RHP
Analysis for Investors:
ScaleSauce is priced in line with the industry average P/E of around 9.75x.
However, it boasts significantly superior profitability metrics. Its EBITDA margin of over 30% and Return on Net Worth (RoNW) of over 50% are multiples higher than its peers.
This suggests that while the valuation multiple is similar, ScaleSauce is a far more efficient and profitable business, making the pricing look attractive.
Industry Outlook
- ScaleSauce operates in the vibrant Indian consumer market, specifically targeting the home & living and packaged food segments.
- With rising disposable incomes and urbanisation, the demand for premium, branded home textiles and convenient food products like sauces is growing rapidly.
- The company's diversified model, covering manufacturing, trading, and services, allows it to capture value across different parts of the consumption chain.
What Are The Strengths and Risks of ScaleSauce IPO?
Strengths:
- Financial Turnaround & Growth: A proven track record of moving from losses to strong profitability with high margins.
- Superior Efficiency Ratios: Exceptionally high RoNW and EBITDA margins compared to peers indicate operational excellence.
- Diversified Revenue Streams: A mix of trading, own brands, and services reduces dependency on a single vertical.
- Debt Reduction Plan: A clear strategy to use IPO funds to deleverage the balance sheet.
Risks:
- High Customer Concentration: The top 10 customers contribute over 71% of revenue, a significant risk if key relationships are lost.
- Negative Cash Flows: The company has reported negative cash flows from investing and financing activities in recent periods, which warrants monitoring.
- Working Capital Intensity: The business requires significant working capital, with a lengthened cycle in recent months.
- SME Segment Risks: The stock will be listed on the NSE SME platform, which typically has lower liquidity and higher price volatility.
What Are the Expert Recommendations – Should You Apply?
Subscribe
The ScaleSauce IPO presents a compelling opportunity to invest in a high-growth, highly profitable consumer brand company at a fair valuation.
- For Value Investors: The P/E of ~10.3x is reasonable, especially given the superior profitability metrics compared to peers.
- For Growth Investors: The company's rapid revenue growth and margin expansion indicate strong future potential.
- Our View: Despite the risks of customer concentration and cash flow, the strong fundamentals and attractive pricing make it a worthy investment. We recommend "Subscribe" for potential listing gains and long-term holding.
Key Takeaways
- IPO Price Band: ₹101 to ₹107 per share
- Lot Size: 1,200 Shares (Minimum Investment: ₹2,56,800 (2 lots)- Note: This falls into the HNI category as it exceeds ₹2 lakhs).
- Allotment & Listing Dates: Tentative listing on December 12, 2025.
- Recommendations of experts: A "Subscribe" recommendation. A financially strong company with superior margins offered at a valuation comparable to its peers.
FAQs on ScaleSauce IPO
What is ScaleSauce IPO price band?
The price band for the IPO is set at ₹101 to ₹107 per equity share.
What is ScaleSauce IPO allotment date?
The allotment of shares is tentatively expected to be finalized on Wednesday, December 10, 2025.
How to check ScaleSauce IPO allotment status?
You can check the allotment status on the website of the IPO registrar once the basis of allotment is finalized.
What is ScaleSauce IPO listing date?
The company's shares are tentatively scheduled to be listed on the NSE SME platform on Friday, December 12, 2025.
Should I apply for ScaleSauce IPO?
Yes, this is a recommended IPO. The company has demonstrated strong financial performance and operational efficiency, and the IPO is priced reasonably. However, the minimum investment amount places it in the HNI category for retail investors.
Useful Links: ScaleSauce (Encompass Design) IPO RHP
Disclaimer:
This content is for information only and is not investment advice. Please read the RHP and consult a financial advisor before investing. IPOs involve market risks, including possible loss of capital.
