ScaleSauce’s IPO is a book-built public offering worth ₹40.21 crore, comprising a fresh issue of 0.38 crore equity shares totaling ₹40.21 crore.
The IPO will open for subscription on December 5, 2025, and close on December 9, 2025. The basis of allotment is likely to be finalised on December 10, 2025, and the company is expected to list on the NSE SME platform on December 12, 2025.
The price band for the ScaleSauce IPO has been set between ₹101 and ₹107 per share. Each lot consists of 1,200 shares. For retail investors, the minimum investment, based on the upper price band, is ₹2,56,800 for 2 lots (2,400 shares). High Net-Worth Individuals (HNI) must apply for a minimum of 3 lots (3,600 shares), requiring an investment of ₹3,85,200.
3Dimension Capital Services Ltd is acting as the book-running lead manager for the issue, while MUFG Intime India Pvt. Ltd is the registrar. Alacrity Securities Ltd serves as the market maker for the IPO. Refer to ScaleSauce IPO RHP for complete details.
ScaleSauce IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Funding the company’s capital expenditure requirements, including the purchase of office space, interior work, and refurbishment, with an estimated allocation of ₹1,148.58 lakh.
- Meeting the working capital requirements of the company, with an estimated allocation of ₹729.42 lakh.
- Repayment or prepayment of certain borrowings taken by the company, with an estimated allocation of ₹1,100.00 lakh.
- Remaining for general corporate purposes.
About ScaleSauce Limited
Encompass Design India Limited (EDIL), known by its brand name ‘ScaleSauce’, operates as a consumer brand builder focused on the home & living and food categories, catering to the needs of the modern urban Indian market. The company was incorporated in 2010 as a trading enterprise dealing in fabrics and later diversified into e-commerce support services alongside its trading operations, adapting to evolving market opportunities.
EDIL’s core business includes manufacturing a wide range of home and lifestyle products such as bed sheets, curtains, comforters, table linens, and pillow covers. It also manufactures food products, primarily sauces, under its own brands. Along with manufacturing, the company engages in the trading of agro-based products, cotton, and fabrics, and sells various goods through gated market platforms to reach niche buyers.
The company further offers extensive digital and e-commerce support services aimed at helping consumer brands scale in the online ecosystem. These services include end-to-end solutions across marketing, technology, and operations and cater to both D2C brands and corporate clients. Through these offerings, EDIL helps businesses strengthen their online visibility, expand digitally, and boost revenue.
EDIL is promoted by Amit Rajendraprasad Dalmia, Susmita Amit Dalmia, Ruman Kailash Agarwal, and Yogendra Vashishta. All promoters actively participate in the company’s management, providing strategic inputs across marketing, branding, operations, and overall business planning.
Financially, the company has demonstrated strong growth. Its revenue for FY 2025, FY 2024, and FY 2023 stood at ₹5,464.94 lakhs, ₹4,004.18 lakhs, and ₹2,169.09 lakhs, respectively. Profit after tax (PAT) for the same periods was ₹1,079.38 lakhs, ₹687.90 lakhs, and a loss of ₹129.46 lakhs, indicating a consistent and significant improvement in profitability over the years.
Industry Outlook
- The Indian textiles industry is expected to expand steadily, supported by rising domestic consumption, increasing export demand, and government initiatives promoting technical textiles, including funding and machinery sponsorship.
- Leading players are focusing on sustainable, recyclable materials, while rising consumerism and disposable incomes have accelerated retail growth. The entry of global brands has further strengthened the premium and lifestyle textile segment.
- Technical textiles, especially automotive and industrial, are witnessing robust growth, projected to reach USD 3.7 billion and USD 3.3 billion, respectively, by 2027. Overall, the Indian textiles market is expected to exceed USD 209 billion by 2029.
How To Apply for the ScaleSauce IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the ScaleSauce IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of ScaleSauce IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of ScaleSauce Limited
Registered office: Virwani Indl Estate, Shop No. A-101, Opp. Western Exp Highway, Goregaon (E), Mumbai, Maharashtra, India, 400063.
Phone: +91 7738988671
Email: cs@edipl.in
ScaleSauce IPO Reservation
| Investor Category | Shares Offered | % of Total |
| Market Maker Shares Offered | 1,88,400 | 5.01% |
| QIB Shares Offered | 17,83,200 | 47.45% |
| ─ Anchor Investor Shares Offered | 10,69,200 | 28.45% |
| ─ QIB (Ex. Anchor) Shares Offered | 7,14,000 | 19.00% |
| NII (HNI) Shares Offered | 5,36,400 | 14.27% |
| ─ bNII > ₹10L | 3,60,000 | 9.58% |
| ─ sNII < ₹10L | 1,76,400 | 4.69% |
| Retail Shares Offered | 12,50,400 | 33.27% |
| Total Shares Offered | 37,58,400 | 100.00% |
ScaleSauce IPO Lot Size Details
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,56,800 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,56,800 |
| HNI (Min) | 3 | 3,600 | ₹3,85,200 |
ScaleSauce IPO Promoter Holding
Ayush Mahesh Verma is the promoter of the company.
| Share Holding Pre-Issue | 80.19% |
| Share Holding Post Issue  | - |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for ScaleSauce IPO
| KPI | Value (FY25) |
| RoCE (%) | 40.49 |
| RoE (%) | 50.26 |
| PAT Margin (%) | 19.75 |
| EBITDA Margin (%) | 30.86 |
ScaleSauce IPO Registrar and Lead Managers
ScaleSauce IPO Lead Managers
- 3Dimension Capital Services Ltd
Registrar for ScaleSauce IPO
MUFG Intime India Pvt Ltd
- Phone: +91-22-4918 6270
- Email: edil.smeipo@in.mpms.mufg.com
Financial Performance of ScaleSauce Limited
| Particulars | 30-Sep-25 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| Revenue from Operations (₹ in Lakh) | 2,815.74 | 5,464.94 | 4,004.18 | 2,162.47 |
| EBITDA (₹ in Lakh) | 885.23 | 1,686.43 | 1,121.36 | 56.07 |
| EBITDA Margin (%) | 31.44% | 30.86% | 28.00% | 2.59% |
| PAT (₹ in Lakh) | 504.59 | 1,079.38 | 687.90 | -129.46 |
| Debt-Equity Ratio (times) | 0.42 | 0.44 | 0.78 | 2.14 |
| Working Capital Cycle (days) | 218 | 142 | 58 | 217 |
| Net Fixed Asset Turnover (times) | 19.16 | 36.39 | 39.15 | 62.30 |
| Current Ratio (times) | 2.00 | 2.09 | 2.03 | 1.26 |
Peer Comparison
| Name of Company | P/E | RONW (%) | NAV per Share (₹) |
| Encompass Design India Limited | - | 33.13 | 835.88 |
| Neelam Linens and Garments (India) Limited | 10.80 | 6.84 | 19.37 |
| N R Vandana Tex Industries Limited | 8.7 | 25.46 | 19.74 |
Strengths and Opportunities of ScaleSauce Limited
- Strong premium brands in Home & Living and Gourmet Foods supported by innovation, quality, and differentiated designs.
- Agile, scalable operating model with in-house design, small-batch production, and integrated logistics for fast response to demand.
- Experienced leadership team with deep expertise in branding, digital, supply chain, and product strategy driving consistent growth.
- Operational synergies across brands through shared warehousing, procurement, and technology platforms, reducing costs.
- Robust technology stack with real-time analytics, AI-led forecasting, and efficient inventory systems enabling smart decision-making.
Risks and Threats of ScaleSauce Limited
- Nascent brand portfolio may limit market recognition and customer loyalty.
- Dependence on external partnerships could disrupt operations if partners underperform.
- Limited offline presence restricts access to potential retail customers.
- Financial scale constraints may impact growth and expansion plans.
- Intense market competition could affect pricing and market share.
