Dove Soft IPO is a book-built issue with a value of 73.26 crore, including a fresh issue and OFS. The fresh issue consist of 53.28 lakh shares with a face value of 59.14 crore, while the offer for sale is of 12.72 lakh shares with a face value of 14.12 crore. The bidding for the IPO opened on September 30, 2026 and closed on October 05, 2026. The allotment of shares is scheduled to be done on October 6, 2026. The stock will be listed on BSE SME on October 8, 2026.
Price band for the issue was fixed at Rs 104 to Rs 111 per share, with the minimum lot size of 1,200 shares. The retail investors had to make a minimum application for two lots (2,400 shares), which is Rs 2,66,400 at the higher end of the price band. The minimum bid limit for high-net worth individuals (HNI) is 3 lots (3,600 shares), i.e. Rs 3,99,600. Swastika Investmart Ltd is serving as the lead manager and the market maker for the issue, while Purva Shareregistry (India) Pvt. Ltd. Ltd is taking charge of the Registrar.
Dove Soft IPO Allotment Status
| Company Name | Allotment Date | Listing Date | Registrar (Check Link) |
|---|---|---|---|
| Dove Soft | Tue, Oct 6, 2026 | Thu, Oct 8, 2026 | https://www.purvashare.com/investor-service/ipo-query |
Dove Soft IPO Overview
| Details | Descriptions |
|---|---|
| IPO Date | 30 Sep to 5 Oct, 2026 |
| Listing Date | Thu, Oct 8, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹104 to ₹111 |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Total Issue Size | 66,00,000 shares (agg. up to ₹73 Cr) |
| Reserved for Market Maker | 3,30,000 shares (agg. up to ₹4 Cr) Swastika Investmart Ltd |
| Fresh Issue | 49,98,000 shares (agg. up to ₹55 Cr) |
| Offer for Sale | 12,72,000 shares of ₹10 (agg. up to ₹14 Cr) |
| Net Offered to Public | 62,70,000 shares (agg. up to ₹70 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,90,58,755 shares |
| Share Holding Post Issue | 2,43,86,755 shares |
Dove Soft IPO Schedule
| Details | Description |
|---|---|
| IPO Open Date | Wed, Sep 30, 2026 |
| IPO Close Date | Mon, Oct 5, 2026 |
| Tentative Allotment | Tue, Oct 6, 2026 |
| Initiation of Refunds | Wed, Oct 7, 2026 |
| Credit of Shares to Demat | Wed, Oct 7, 2026 |
| Tentative Listing Date | Thu, Oct 8, 2026 |
Dove Soft Lot Size Details
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | ₹2,66,400 |
| Individual investors (IND) (Max) | 2 | 2400 | ₹2,66,400 |
| S-HNI (Min) | 3 | 3600 | ₹3,99,600 |
| S-HNI (Max) | 7 | 8400 | ₹9,32,400 |
| B-HNI (Min) | 8 | 9600 | ₹10,65,600 |
Issue Reservation
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB | 64,800 | 1.03% | 0.98% |
| NII (HNI) | 30,70,800 | 48.98% | 46.53% |
| − bNII > ₹10L | 20,48,400 | 31.04% | |
| − sNII < ₹10L | 10,22,400 | 15.49% | |
| Retail | 31,34,400 | 49.99% | 47.49% |
| Firm Reservations | |||
| Market Maker | 3,30,000 | 5.00% | |
| Total | 66,00,000 | 100.00% | 100.00% |
Dove Soft IPO GMP Trend
| GMP Date | IPO Price | GMP | Est. Listing Price | Est. Profit* |
|---|---|---|---|---|
| 6-Oct 13:37 | ₹111 | ₹0 (0.00%) ─ | ₹111 | ₹0 |
Overview of Dove Soft
Founded in August 2011, Dove Soft Limited operates as an integrated cloud communication solutions provider in the CPaaS (Communications Platform as a Service) sector. Dove Soft offers enterprises and OTT platforms with a multi-channel engagement suite that spans multiple touchpoints comprising SMS, Voice, RCS, Whatsapp and Email amongst others. Dove Soft is a solution provider to customers across major sectors including E-commerce, BFSI, Healthcare, Travel, Telecom and Real estate for a range of integrated communication needs that ensure efficiency and engagement with end consumers.
Core Business Offerings
- Enterprise Messaging: Reliable high-volume dispatch for transactional alerts, promotional campaigns, and instant OTP verifications.
- Voice Solutions: Interactive Voice Response (IVR) systems, automated outbound dialers, and missed call broadcast mechanisms.
- WhatsApp Business API: Secure, enterprise-ready API integration designed for rich, two-way conversational support and targeted marketing.
- Email Marketing Solutions: High-deliverability infrastructure built for high-capacity corporate communication and automated drip campaigns.
Infrastructure & Competitive Strengths at the core of Dove Soft’s operation is a scalable, cloud-native delivery infrastructure that enables client applications to be delivered effortlessly without any launch-day capital expenditure in hardware or bespoke software environments. Underpinned by a specialist team of 92 (as of 31 March 2026) Dove Soft retains a number of strategic advantages:
- Consistent Track Record: A stable, recurring business model supported by steady growth.
- Diversified Sector Presence: Minimal revenue risk due to broad market coverage across multiple verticals.
- Robust Infrastructure: High-capacity cloud frameworks designed for rapid deployment and uninterrupted reliability.
- Experienced Leadership: A seasoned promoter and leadership team guiding long-term strategy and innovation.
Company Financials
Dove Soft Financial Information (Restated Standalone)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 164.40 | 108.99 | 85.56 |
| Total Income | 274.74 | 188.26 | 119.79 |
| Profit After Tax | 23.40 | 16.54 | 10.27 |
| EBITDA | 32.78 | 24.13 | 14.77 |
| Net Worth | 70.69 | 58.28 | 29.99 |
| Reserves and Surplus | 70.18 | 47.04 | 14.80 |
| Total Borrowing | 6.29 | 2.49 | 2.54 |
Key Performance Indicator (KPI)
The market cap. of Dove Soft IPO is for Pre IPO ₹211.55 Cr., & for Post IPO ₹270.69 Crores.
KPI as of Mar 31, 2025
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 33.12% |
| ROCE | 42.14% |
| Debt/Equity | 0.13 |
| RoNW | -% |
| PAT Margin | 8.81% |
| EBITDA Margin | 12.86% |
| NAV | 35.02 |
| Price to Book Value | 3.17 |
IPO Valuation & Shareholding Structure
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 12.28 | 9.60 |
| P/E (x) | 9.04 | 11.56 |
| Company Promoters: | Kurjibhai Rupareliya, Rahul Bhanushali and Sky Occean Infrastructure Ltd. | |
| Promoter and Promoter Group | 74.32% | 53.73% |
| Public | 25.68% | 46.27% |
| Total | 100% | 100% |
Dove Soft IPO Objectives
| Objects of the Issue | Expected Amount (₹ in cr.) |
|---|---|
| Funding working capital requirements of the Company | 46.00 |
| General Corporate Purposes | – |
| Total | 46.00 |
IPO Subscription Status
Total Applications: 1,263
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1.00 | 64,800 | 64,800 | 0 |
| NII* | 1.96 | 30,70,800 | 60,16,800 | 0 |
| bNII (> ₹10L) | 2.83 | 20,48,400 | 58,00,800 | |
| sNII (< ₹10L) | 0.21 | 10,22,400 | 2,16,000 | |
| Individual Investor | 0.81 | 31,34,400 | 25,51,200 | 0 |
| Total | 1.38 | 62,70,000 | 86,32,800 | 1,263 |
Dove Soft IPO Contact Details
- Dove Soft Ltd.
- Office No. 1101,
- DLH Park, Opp. MTN
- Goregoan West
- Mumbai, Maharashtra, 400062
- +91 9321938063
- secretarial@dove-soft.com
- Website: https://dovesoft.io/
Dove Soft IPO Registrar
Purva Sharegistry (India) Pvt.Ltd.
| Details | Descriptions |
|---|---|
| Phone: | 022-41343255 |
| Email: | newissue@purvashare.com |
| Website: | https://www.purvashare.com/investor-service/ipo-query |
Dove Soft IPO FAQs
When Dove Soft IPO become available?
The IPO will open on Wed, Sep 30, 2026.
What is the minimum lot size for the Dove Soft IPO?
The minimum lot size is 1,200 shares.
When will the shares for the Dove Soft IPO be allotted?
The allotment is expected to be finalized on Tue, Oct 6, 2026
What is the expected listing date for the Dove Soft IPO?
The tentative listing date is Thu, Oct 8, 2026.
How can I apply for the Dove Soft IPO?
You can apply online through your bank or a broker using either the UPI or ASBA payment methods.
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