Encompass Design India Ltd IPO
Textiles
Price Band
₹101 – ₹107
Lot Size
1200
Minimum Bid Quantity
2400
Minimum Investment
₹256800
Issue Size
₹40.21Cr
Opens
2025-12-05
Closes
2025-12-09
Listing
12-12-2025
Subscription Status
Qualified Institutional Buyers
1.25 x
Non-Institutional Investor
3.67 x
Retail Individual Investor
1.66 x
Total
2.09 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE433T01015
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Encompass Design India Limited is engaged in building and scaling consumer brands in India, with activities spanning manufacturing, trading, and e-commerce support. The company produces home and lifestyle products such as bed sheets, curtains, comforters, table linens, and pillow covers, along with food products focused primarily on sauces under its own brands. It also trades in agro-based products, cotton, fabrics, and other goods, including items sold through gated market platforms. In addition to its product operations, the company provides digital and e-commerce support services covering marketing, technology, and operational functions for D2C businesses and corporate clients. The company is based in Mumbai, Maharashtra, with its registered office in Goregaon (East). The manufacturing unit is located in Bhiwandi, Thane, Maharashtra.
Pros
- • The company operates multiple brands in the Home & Living and Gourmet Food & Beverages segments, each positioned with distinct product features. It claims to develop innovations such as fabric variants like Ultra Satin under its Stoa Paris brand and small-batch recipes under its Small Batch label. These differentiated offerings contribute to product-level recall within their categories.
- • Under its Quirkloom brand, the company claims to track niche cultural themes, such as reading, travel, and music, to produce designs aligned with youth interests. This approach supports quicker design cycles and frequent product refreshes compared to standard textile businesses.
- • The company manages in-house processes such as design, cutting, and stitching for its Home & Living products. For gourmet foods, it develops recipes internally and partners with cloud kitchens and specialist producers for small-batch manufacturing. This model allows the company to scale output up or down based on seasonal or category-specific demand.
Cons
- • The company’s top 10 customers contributed Rs 20.13 crore (71.50%), Rs 36.36 crore (66.53%), Rs 31.20 crore (77.92%), and Rs 17.71 crore (81.88%) for the periods ended September 30, 2025, FY25, FY24, and FY23, respectively. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients can adversely affect the company’s business and financial standing.
- • The top five states contributed Rs 22.78 crore (80.90%), Rs 45.63 crore (83.49%), Rs 31.81 crore (79.44%), and Rs 17.64 crore (81.60%) for the periods ended September 30, 2025, FY25, FY24, and FY23, respectively. Any adverse economic or regulatory developments in these regions may materially impact the company’s revenue.
- • The company’s top 10 suppliers accounted for Rs 10.98 crore (61.12%), Rs 15.56 crore (50.15%), Rs 4.73 crore (47.54%), and Rs 5.27 crore (31.81%) for the periods ended September 30, 2025, FY25, FY24, and FY23, respectively. Any disruption in supplies or unfavourable changes in pricing may affect production and profitability.
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