Dove Soft IPO
GMP, Subscription, Price, Dates & Financial Details
It - Software
Incorporated in August 2011, Dove Soft Limited provides integrated cloud-based communication solutions that enable enterprises and OTT platforms to connect with their customers through multiple digital channels, including SMS, RCS, Voice, WhatsApp, Email, and other digital platforms. The Company…
Open Date
Wed, 30 Sep 2026
Close Date
Mon, 05 Oct 2026
Price Band
₹ 104 – 111
Lot Size
1200
Issue Size
₹ 73.26 Cr
Minimum Investment
₹ 266,400 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Dove Soft IPO is set to open its Initial Public Offering (IPO) for subscription on September 30, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹73.26 Crore, comprising a fresh issue of 49.98 Lakh equity shares aggregating to ₹59.14 Crore and an offer for sale (OFS) of 12.72 Lakh equity shares aggregating to ₹14.12 Crore by the existing shareholders.
The Dove Soft IPO will open for subscription on September 30, 2026, and close on October 05, 2026. The basis of allotment is expected to be finalized on October 06, 2026, while the shares are tentatively scheduled to be listed on BSE SME Platform on October 08, 2026.
The company has fixed the price band at ₹104 to ₹111 per share, with a lot size of 1200 shares. Retail investors will require a minimum investment of ₹266,400 (based on the upper price band) to apply for one lot.
Purva Sharegistry India Pvt Ltd is the registrar to the issue. Swastika Investmart Ltd are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the Dove Soft IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on October 05, 2026.
Dove Soft IPO Timeline (Tentative)
- IPO Open Date
- Wed, 30 Sep 26
- IPO Close Date
- Mon, 05 Oct 26
- Basis of Allotment
- Tue, 06 Oct 26
- Initiation of Refunds
- Wed, 07 Oct 26
- Credit of Shares to Demat
- Wed, 07 Oct 26
- Listing Date
- Thu, 08 Oct 26 — BSE
Open Date
30 September 2026
Close Date
05 October 2026
Basis Of Allotment
06 October 2026
Listing Date
08 October 2026
IPO Subscription
Check Live Subscription →The Dove Soft IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 30 September 2026
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 31,34,400 shares, representing 49.99% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 64,800 shares (1.03%), while Non-Institutional Investors (NIIs) receive 30,70,800 shares (48.98%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 64,800 | 1.03% |
| Non-Institutional | 3,070,800 | 48.98% |
| BNII | 2,048,400 | 32.67% |
| SNII | 1,022,400 | 16.31% |
| Retail Investors | 3,134,400 | 49.99% |
| Total | 6,270,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 164.4 | 108.99 | 85.56 |
| Revenue | 274.74 | 188.26 | 119.79 |
| Profit After Tax | 23.4 | 16.54 | 10.27 |
| Net Worth | 70.69 | 58.28 | 29.99 |
| Reserve & Surplus | 70.18 | 47.04 | 14.8 |
| Total Borrowings | 6.29 | 2.49 | 2.54 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Dove Soft Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 29.79 | 33.12 | 33.12 |
| ROCE % | 36.5 | 42.14 | 45.48 |
| Debt / Equity | 0.1 | 0.13 | 0.1 |
| Pat Margin % | 8.54 | 8.81 | 8.58 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Dove Soft Limited | 10 | 0 | 12.01 | 11.78 | 29.79 | 47.43 |
| Route Mobile Ltd | 10 | 13.21 | 37.94 | 37.94 | 9.72 | 447.85 |
| Tanla Platforms Ltd | 1 | 13.58 | 38.36 | 38.36 | 20.46 | 187.61 |
About Dove Soft Limited
Incorporated in August 2011, Dove Soft Limited provides integrated cloud-based communication solutions that enable enterprises and OTT platforms to connect with their customers through multiple digital channels, including SMS, RCS, Voice, WhatsApp, Email, and other digital platforms. The Company offers a comprehensive suite of communication and digital solutions, including SMS, WhatsApp, Voice, IVR, automated calling, email, and digital products, catering to businesses across a diverse range of industries.
The Company serves clients operating in sectors such as Telecom, IT, Travel, Entertainment, Media, Advertising, Retail, Real Estate, Healthcare, BFSI, Automobile, E-commerce, and Food & Beverages. Its solutions assist businesses in managing customer communications, improving engagement, automating interactions, and streamlining operational processes.
Key Services
Enterprise Messaging Services: The Company provides bulk, transactional, and promotional SMS solutions, including OTP delivery, enabling businesses to communicate with customers at scale.
Voice Solutions: Its voice communication offerings include automated IVR systems, outbound dialer services, and missed-call alert solutions designed to facilitate customer engagement and automated communication.
Email Marketing Solutions: The Company provides high-volume, enterprise-grade email delivery infrastructure to support businesses in managing large-scale email communications and marketing campaigns.
WhatsApp Business API: The Company offers secure and scalable WhatsApp-based communication solutions for customer notifications, support, engagement, and marketing activities.
The Company operates a cloud-based delivery platform that enables enterprises to build, deploy, and manage applications without having to develop and maintain the underlying IT infrastructure for each application. This platform allows clients to operate their applications without the need to independently purchase, configure, or manage the associated hardware and software infrastructure, thereby facilitating greater operational efficiency and scalability.
As of March 31, 2026, Dove Soft Limited had a workforce of 92 employees across various departments.
Dove Soft IPO Promoters
- Kurjibhai Rupareliya
- Rahul Bhanushali
- Sky Occean Infrastructure Limited
Promoters Holding
Holding Pre Issue
74.32%
Holding Post Issue
53.73%
Dove Soft IPO Objective
The Company Dove Soft IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- To meet the working capital requirements
- General Corporate Purpose
Dove Soft Limited Address / Contact Details
Dove Soft Ltd.
Office No. 1101,
DLH Park, Opp. MTN
Goregoan West
Mumbai, Maharashtra, 400062
Phone: +91 9321938063
Email: secretarial@dove-soft.com
Website: https://www.dovesoft.io/
IPO Snapshot
Dove Soft IPO Lot Size
The Dove Soft IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹2,66,400 by applying for 2 lot (2,400 shares). The maximum application allowed for the retail category is 2 lots (2,400 shares), requiring an investment of ₹2,66,400.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 266,400.00 |
| Retail (Max) | 2 | 2,400 | 266,400.00 |
| S-HNI (Min) | 3 | 3,600 | 399,600.00 |
| S-HNI (Max) | 7 | 8,400 | 932,400.00 |
| B-HNI (Min) | 8 | 9,600 | 1,065,600.00 |
Issue Reservation
- QIB — 1.03%
- NII — 48.98%
- RII — 49.99%
Book Running Lead Managers
- Swastika Investmart Ltd
IPO Documents & Links
Explore More IPOs
Currently Open
Coming Up Next
Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Dove Soft IPO?
Dove Soft IPO is a Book-building IPO with a total issue size of ₹73.26 crore. The Dove Soft IPO price band is ₹104 to 111 per share. The Dove Soft IPO subscription opens on Wed, Sep 30, 2026, and closes on Mon, Oct 5, 2026. The Dove Soft IPO will be listed on the BSE. Purva Sharegistry India Pvt Ltd is the registrar for the Dove Soft IPO.
When will the Dove Soft IPO open for subscription?
The Dove Soft IPO opens on Wed, Sep 30, 2026 and closes on Mon, Oct 5, 2026
What is Dove Soft IPO Price Band?
Dove Soft IPO Price Band is ₹104 to 111 per share.
What is Dove Soft IPO Lot Size?
Dove Soft IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹266400 based on the upper price band
What is the minimum investment for Dove Soft IPO?
The minimum investment for Dove Soft IPO is ₹266400, based on one lot of 1200 shares at the upper price band of ₹111 per share.
How to apply for Dove Soft IPO?
Investors can apply for the Dove Soft IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Oct 5, 2026. The application amount remains blocked until the Dove Soft IPO allotment is finalized.
What is Dove Soft IPO Issue Size?
Dove Soft IPO issue size is ₹73.26 crores.
What is the Dove Soft IPO Allotment Date?
Dove Soft IPO allotment date is Tue, Oct 6, 2026.
Who is the Dove Soft IPO Registrar?
The registrar for Dove Soft IPO is Purva Sharegistry India Pvt Ltd. Investors can go to Purva Sharegistry India Pvt Ltd website to check Dove Soft IPO allotment status, refund processing, and other IPO-related information.
Who is the Dove Soft IPO Lead Manager?
The book-running lead managers (BRLMs) for the Dove Soft IPO are Swastika Investmart Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Dove Soft IPO Red Herring Prospectus (RHP).