Comparison between Exim Routes IPO and ScaleSauce IPO.
Exim Routes IPO is a SME Bookbuilding IPO proposed to list at NSE SME while ScaleSauce IPO is a SME Bookbuilding proposed to list at NSE SME.
| Exim Routes IPO | ScaleSauce IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Narnolia Financial Services Ltd. | 3Dimension Capital Services Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | Alacrity Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Exim Routes IPO is up to ₹41.54 Cr whereas the issue size of the ScaleSauce IPO is up to ₹38.20 Cr. The final issue price of Exim Routes IPO is ₹88.00 per share and of ScaleSauce IPO is ₹107.00 per share.
| Exim Routes IPO | ScaleSauce IPO | |
|---|---|---|
| Face Value | ₹5 per share | ₹10 per share |
| Issue Price (Lower) | ₹83.00 per share | ₹101.00 per share |
| Issue Price (Upper) | ₹88.00 per share | ₹107.00 per share |
| Issue Price (Final) | ₹88.00 per share | ₹107.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1200 shares |
| Fresh Issue Size | 47,20,000 shares | 35,70,000 shares |
| Fresh Issue Size (Amount) | up to ₹41.54 Cr | up to ₹38.20 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 47,20,000 shares | 35,70,000 shares |
| Issue Size Total (Amount) | up to ₹41.54 Cr | up to ₹38.20 Cr |
Exim Routes IPO opens on Dec 12, 2025, while ScaleSauce IPO opens on Dec 05, 2025. The closing date of Exim Routes IPO and ScaleSauce IPO is Dec 16, 2025, and Dec 09, 2025, respectively.
| Exim Routes IPO | ScaleSauce IPO | |
|---|---|---|
| Anchor Bid Date | Dec 11, 2025 | Dec 04, 2025 |
| Issue Open | Dec 12, 2025 | Dec 05, 2025 |
| Issue Close | Dec 16, 2025 | Dec 09, 2025 |
| Basis Of Allotment (Tentative) | Dec 17, 2025 | Dec 10, 2025 |
| Initiation of Refunds (Tentative) | Dec 18, 2025 | Dec 11, 2025 |
| Credit of Share (Tentative) | Dec 18, 2025 | Dec 11, 2025 |
| Listing date (Tentative) | Dec 19, 2025 | Dec 12, 2025 |
| Anchor Lockin End date 1 | Jan 16, 2026 | Jan 09, 2026 |
| Anchor Lockin End date 2 | Mar 17, 2026 | Mar 10, 2026 |
Exim Routes IPO P/E ratio is 16.04, as compared to ScaleSauce IPO P/E ratio of 10.33.
| Exim Routes IPO | ScaleSauce IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)Exim Routes Ltd.'s revenue increased by 67% and profit after tax (PAT) rose by 80% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated)Encompass Design India Ltd.'s revenue increased by 37% and profit after tax (PAT) rose by 57% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 71.35 | 80.19 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 52.44 | 58.93 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 16.04 | 10.33 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹165.02 Cr. | ₹151.76 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 53.14% | 50.26% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 35.53% | 40.49% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.20 | 0.44 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.49 | ₹10.35 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 42.28% | 33.13% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Exim Routes IPO Retail Individual Investors (RII) are offered 16,57,600 shares while in ScaleSauce IPO retail investors are offered 16,57,600 shares. Qualified Institutional Buyers (QIB) are offered 9,40,800 shares in Exim Routes IPO and 7,14,000 shares in ScaleSauce IPO.
| Exim Routes IPO | ScaleSauce IPO | |
|---|---|---|
| Anchor Investor Reservation | 14,11,200 shares | 10,69,200 shares |
| Market Maker Reservation | 2,49,600 shares | 1,88,400 shares |
| QIB | 9,40,800 shares | 7,14,000 shares |
| NII | 7,10,400 shares | 5,36,400 shares |
| RII | 16,57,600 shares | 12,50,400 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 47,20,000 shares | 35,70,000 shares |
Exim Routes IPO subscribed 15.23x in total, whereas ScaleSauce IPO subscribed 2.19x.
| Exim Routes IPO | ScaleSauce IPO | |
|---|---|---|
| QIB (times) | 19.11x | 1.25x |
| NII (times) | 22.43x | 4.60x |
| Big NII (times) | 27.73x | 5.73x |
| Small NII (times) | 12.02x | 2.29x |
| RII (times) | 9.94x | 1.69x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 15.23x | 2.19x |
