In 2025, India’s primary markets continue to attract growth-oriented consumer businesses looking to scale through public capital. With rising disposable incomes and a clear shift toward branded products in the home, lifestyle, and food categories, platforms that build and scale multiple consumer brands are drawing attention from investors.
Against this backdrop, Encompass Design India Ltd, which operates under the brand name ScaleSauce, is set to open its IPO on December 5, 2025. Below is a detailed insight into ScaleSauce, its IPO structure, financial performance, and business outlook.
About ScaleSauce (Encompass Design India Ltd.)
Incorporated in March 2010, Encompass Design India Ltd (EDIL) operates under the brand name ScaleSauce. The company builds and scales consumer brands for modern urban Indian households, primarily in the home and living and food segments.
The business model combines product manufacturing, trading, and digital growth services:
- Home and living products
The company manufactures home textiles and lifestyle products such as:- Bed sheets
- Curtains
- Comforters
- Table linen
- Pillow covers
- Food products
ScaleSauce also operates in the food space, focusing mainly on sauces and related products under its own brands. - Trading activities
The company trades agro-based products, cotton, fabrics, and other goods, largely through gated markets that target niche buyers. - Digital and e-commerce growth solutions
Beyond physical products, ScaleSauce offers digital and e-commerce solutions to help brands grow online. These services cover:- Marketing and brand strategy
- Technology and marketplace management
- Operational support for D2C and corporate clients
This combination of physical products and tech-driven e-commerce capabilities helps ScaleSauce act as an integrated consumer brand platform.
Promoters:
- Mr. Amit Rajendraprasad Dalmia
- Mrs. Susmita Amit Dalmia
- Mr. Ruman Kailash Agarwal
- Mr. Yogendra Vashishta
ScaleSauce IPO Details
ScaleSauce IPO is a book-building issue aggregating up to ₹40.21 crore, entirely a fresh issue of equity shares. The equity shares are proposed to be listed on the NSE SME platform.
Important IPO Timeline
| Event | Date |
| IPO Open Date | December 5, 2025 |
| IPO Close Date | December 9, 2025 |
| Tentative Allotment | December 10, 2025 |
| Initiation of Refunds | December 11, 2025 |
| Credit of Shares to Demat | December 11, 2025 |
| Tentative Listing Date | December 12, 2025 |
| Cut off time for UPI mandate confirmation | 5 PM on December 9, 2025 |
Key IPO Details
Here is the table on the ScaleSauce IPO review:
| IPO Date | December 5, 2025 to December 9, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹101 to ₹107 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 37,58,400 shares (aggregating up to ₹40.21 Cr) |
| Reserved for Market Maker | 1,88,400 shares (aggregating up to ₹2.02 Cr) Alacrity Securities Ltd. |
| Net Offered to Public | 35,70,000 shares (aggregating up to ₹38.20 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,04,25,144 shares |
| Share Holding Post Issue | 1,41,83,544 shares |
| Book Running Lead Manager | 3Dimension Capital Services Ltd. |
| Registrar | MUFG Intime India Pvt. Ltd. |
| Market Maker | Alacrity Securities Ltd. |
ScaleSauce IPO Reservation
ScaleSauce IPO offers a total of 37,58,400 shares, allocated as follows:
| Investor Category | Shares Offered | Percentage of Issue |
| Market Maker | 1,88,400 | 5.01% |
| QIB | 17,83,200 | 47.45% |
| NII (HNI) | 5,36,400 | 14.27% |
| Retail (RII) | 12,50,400 | 33.27% |
| Total | 37,58,400 | 100.00% |
Anchor Investor Details
| Item | Details |
| Anchor Bid Date | December 4, 2025 |
| Shares Allotted to Anchors | 10,69,200 |
| Anchor Portion Size | ₹11.44 crore |
| Lock in end date for 50% of anchor shares | January 9, 2026 |
| Lock in the end date for remaining anchor shares | March 10, 2026 |
ScaleSauce IPO Lot Size
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereafter. Here is the table of lot sizes for each category of investors:
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,56,800 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,56,800 |
| S HNI (Min) | 3 | 3,600 | ₹3,85,200 |
| S HNI (Max) | 7 | 8,400 | ₹8,98,800 |
| B HNI (Min) | 8 | 9,600 | ₹10,27,200 |
ScaleSauce Promoter Holding
| Particulars | Percentage |
| Promoter holding pre-issue | 80.19% |
| Promoter holding post issue | – |
ScaleSauce: Business and Competitive Strengths
ScaleSauce operates across manufacturing, trading, and digital growth services, positioning itself as a full-stack consumer brand platform.
Key strengths include:
- Strong brand presence and innovative products in home and living, and food segments
- Agile and scalable business model that supports multiple brands and categories
- Experienced leadership team and synergies between manufacturing, trading, and digital capabilities
- Technology and data-driven approach to e-commerce, helping brands scale on marketplaces and D2C platforms
ScaleSauce Financials
Encompass Design India Ltd. Financial Information (Restated)
Revenue and profitability growth:
The company’s revenue increased by 37% and profit after tax (PAT) rose by 57% between FY 2024 and FY 2025.
Key Company Financials (₹ crore)
| 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 |
| Profit After Tax | 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 |
| Reserves and Surplus | 27.20 | 32.19 | 10.07 | 3.19 |
Key Performance Indicators (KPI)
As of March 31, 2025:
| KPI | Value |
| ROE | 50.26% |
| ROCE | 40.49% |
| Debt to Equity | 0.44 |
| RoNW | 33.13% |
| PAT Margin | 19.75% |
| EBITDA Margin | 30.86% |
| Price to Book Value | 0.13 |
| Market Capitalisation | ₹151.76 crore |
EPS and Valuation
| Metric | Pre IPO | Post IPO |
| EPS (₹) | 10.35 | 7.12 |
| P E (x) | 10.33 | 15.04 |
Objects of the Issue – ScaleSauce IPO
The company proposes to utilise the net proceeds from the IPO for the following purposes:
| S.No. | Objects of the Issue | Expected Amount (₹ in crore) |
| 1 | Funding capital expenditure for the purchase of office, interiors, and refurbishment | 11.49 |
| 2 | Working capital requirements of the company | 7.29 |
| 3 | Repayment or prepayment of certain borrowings | 11.00 |
| 4 | General corporate purposes | Balance |
ScaleSauce: Industry Outlook
- The home and living segment in India is growing due to urbanisation, higher disposable incomes, and a preference for branded, aesthetically designed products.
- The sauces and packaged food market is expanding, driven by changing food habits, quick service formats, and convenience consumption.
- Rapid growth in e-commerce and D2C channels allows differentiated brands to reach customers directly, improving margins and scale.
- Platforms like ScaleSauce that combine manufacturing capabilities with digital and marketplace expertise are well placed to benefit from this shift toward online-led consumption.
ScaleSauce IPO: Peer Comparison
ScaleSauce IPO can be compared with peers such as Neelam Linens and Garments (India) Ltd and N R Vandana Tex Industries Ltd. Reviewing these companies helps investors understand ScaleSauce’s positioning within the home textiles and lifestyle products segment, offering a clearer view of how it stands relative to other players in terms of scale, product diversification, and market presence.
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Conclusion
ScaleSauce, operated by Encompass Design India Ltd, represents a blend of consumer product manufacturing and digital brand scaling capabilities. The company has reported strong growth in revenue and profitability, healthy return ratios, and a scalable, technology-leveraged business model.
At the same time, investors should be mindful of risks such as:
- Execution risk in scaling multiple brands across categories
- Competition in both home products and food segments
- Dependence on e-commerce channel dynamics and consumer demand trends
For investors comfortable with SME IPOs and looking to participate in the consumer brands and D2C growth story, the ScaleSauce IPO can be evaluated further in line with individual risk appetite and investment horizon.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
