ScaleSauce IPO: 90% Premium Debut Followed by Lower Circuit

• Encompass Design India shares listed on NSE Emerge at a 90% premium over its IPO price.
• The company's Rs 40.21-crore IPO was subscribed over 2 times with a price band of Rs 101-107 per share.
• Shares later slipped into a 5% lower circuit due to profit booking by IPO investors.
• Encompass Design India, operating as ScaleSauce, builds consumer brands in home, lifestyle, and food categories.
• IPO proceeds will fund office infrastructure, working capital, and debt repayment.

Why It Matters: New IPOs can offer high returns but also carry immediate volatility risks.