New Delhi, Dec. 10 -- Encompass Design India IPO allotment: As the subscription window of the initial public offering (IPO) of Encompass Design India (ScaleSauce) closes, the focus is now on the share allotment, which is expected to be finalised today, i.e., Wednesday, December 10. The SME IPO saw a mild subscription of over 2 times, and the grey market indicates the stock could see a muted debut.

With a price band of Rs.101 to Rs.107 per share, the SME IPO opened for public subscription on Friday, December 5, and concluded on Tuesday, December 9. The issue saw an overall subscription of 2.2 times, with the retail portion booked nearly 2 times.

The share allotment is expected to be finalised on Wednesday, and successful bidders can expe...