Comparison between Kanishk Aluminium India IPO and ScaleSauce IPO.
Kanishk Aluminium India IPO is a SME Bookbuilding IPO proposed to list at BSE SME while ScaleSauce IPO is a SME Bookbuilding proposed to list at NSE SME.
| Kanishk Aluminium India IPO | ScaleSauce IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Sun Capital Advisory Services Pvt.Ltd. | 3Dimension Capital Services Ltd. |
| Registrar | Kfin Technologies Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | Sunflower Broking Pvt.Ltd. | Alacrity Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Kanishk Aluminium India IPO is up to ₹27.74 Cr whereas the issue size of the ScaleSauce IPO is up to ₹38.20 Cr. The final issue price of Kanishk Aluminium India IPO is ₹73.00 per share and of ScaleSauce IPO is ₹107.00 per share.
| Kanishk Aluminium India IPO | ScaleSauce IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹101.00 per share | |
| Issue Price (Upper) | ₹107.00 per share | |
| Issue Price (Final) | ₹73.00 per share | ₹107.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1200 shares |
| Fresh Issue Size | 38,00,000 shares | 35,70,000 shares |
| Fresh Issue Size (Amount) | up to ₹27.74 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 | 38,00,000 shares | 35,70,000 shares |
| Issue Size Total (Amount) | up to ₹27.74 Cr | up to ₹38.20 Cr |
Kanishk Aluminium India IPO opens on Jan 28, 2026, while ScaleSauce IPO opens on Dec 05, 2025. The closing date of Kanishk Aluminium India IPO and ScaleSauce IPO is Jan 30, 2026, and Dec 09, 2025, respectively.
| Kanishk Aluminium India IPO | ScaleSauce IPO | |
|---|---|---|
| Anchor Bid Date | Dec 04, 2025 | |
| Issue Open | Jan 28, 2026 | Dec 05, 2025 |
| Issue Close | Jan 30, 2026 | Dec 09, 2025 |
| Basis Of Allotment (Tentative) | Feb 02, 2026 | Dec 10, 2025 |
| Initiation of Refunds (Tentative) | Feb 03, 2026 | Dec 11, 2025 |
| Credit of Share (Tentative) | Feb 03, 2026 | Dec 11, 2025 |
| Listing date (Tentative) | Feb 04, 2026 | Dec 12, 2025 |
| Anchor Lockin End date 1 | Jan 09, 2026 | |
| Anchor Lockin End date 2 | Mar 10, 2026 |
Kanishk Aluminium India IPO P/E ratio is 22.66, as compared to ScaleSauce IPO P/E ratio of 10.33.
| Kanishk Aluminium India IPO | ScaleSauce IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Standalone)
| 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) | 99.99 | 80.19 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 70.24 | 58.93 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 22.66 | 10.33 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹98.11 Cr. | ₹151.76 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 20.21% | 50.26% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 14.61% | 40.49% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.37 | 0.44 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.22 | ₹10.35 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 20.21% | 33.13% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Kanishk Aluminium India IPO Retail Individual Investors (RII) are offered 19,00,800 shares while in ScaleSauce IPO retail investors are offered 19,00,800 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Kanishk Aluminium India IPO and 7,14,000 shares in ScaleSauce IPO.
| Kanishk Aluminium India IPO | ScaleSauce IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 10,69,200 shares |
| Market Maker Reservation | 2,00,000 shares | 1,88,400 shares |
| QIB | 0 shares | 7,14,000 shares |
| NII | 18,99,200 shares | 5,36,400 shares |
| RII | 19,00,800 shares | 12,50,400 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 38,00,000 shares | 35,70,000 shares |
Kanishk Aluminium India IPO subscribed 1.04x in total, whereas ScaleSauce IPO subscribed 2.19x.
| Kanishk Aluminium India IPO | ScaleSauce IPO | |
|---|---|---|
| QIB (times) | 1.25x | |
| NII (times) | 0.23x | 4.60x |
| Big NII (times) | 5.73x | |
| Small NII (times) | 2.29x | |
| RII (times) | 1.86x | 1.69x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.04x | 2.19x |
