Dove Soft Limited IPO 2026: Date, Price Band, GMP, Lot Size & Allotment

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Dove Soft Limited IPO
DS
Dove Soft Limited IPO
Cloud Communication Solutions · Enterprise Messaging & WhatsApp API · Goregaon West, Mumbai
📋 BSE SME IPO Fresh + OFS BSE SME
₹111
Upper Price
₹73.26 Cr
Issue Size
Oct 8, 2026
Listing Date
₹211.55 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative
🟢
IPO Opens
Wednesday, 30 September 2026
Bidding starts — apply before close
🔒
IPO Closes
Monday, 5 October 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Tuesday, 6 October 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Wednesday, 7 October 2026
Unallotted funds returned; shares credited to demat
🏷️
Thursday, 8 October 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date30 September 2026 (Wed)
IPO Close Date5 October 2026 (Mon)
Listing Date8 October 2026 (Thu)
Face Value₹10 per share
Price Band₹104 to ₹111
Issue Price (Upper Band)₹111 per share
Issue TypeBook Build — Fresh + OFS
Lot Size1,200 shares (Min App: 2 Lots / 2,400 Shares)
Total Issue Size66,00,000 shares (₹73.26 Cr)
Fresh Issue53,28,000 shares (₹59.14 Cr)
Offer for Sale (OFS)12,72,000 shares (₹14.12 Cr)
Market Maker Portion3,30,000 shares (₹3.66 Cr)
Net Offered to Public62,70,000 shares (₹69.60 Cr)
Pre-Issue Shares1,90,58,755
Post-Issue Shares2,43,86,755
Promoter Holding (Pre)74.32%
Market Cap (Pre-IPO)₹211.55 Cr
Listing ExchangeBSE SME
Lead ManagerSwastika Investmart Ltd.
RegistrarPurva Sharegistry (India) Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹111
Investor TypeLotsSharesAmount
Retail — Minimum22,400₹2,66,400
Retail — Maximum22,400₹2,66,400
S-HNI (sNII) — Min33,600₹3,99,600
S-HNI (sNII) — Max78,400₹9,32,400
B-HNI (bNII) — Min89,600₹10,65,600
⚠️ Note: Investors can bid for a minimum of 2,400 shares (2 lots) and in multiples of 1,200 shares thereafter. Market Maker reservation comprises 3,30,000 shares allotted to Swastika Investmart Ltd.
👥 Investor Reservation
Allocated portion of Net Offer
49.99% (31.34 L Sh)
Retail Portion
48.98% (30.71 L Sh)
NII Portion
1.03% (0.65 L Sh)
QIB Portion
📊 Subscription Status
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📈 Company Financials
Restated Consolidated · ₹ Crore
Metric31 Mar 202631 Mar 202531 Mar 2024
Total Assets164.40108.9985.56
Total Income274.74188.26119.79
PAT23.4016.5410.27
EBITDA32.7824.1314.77
Net Worth70.6958.2829.99
Reserves & Surplus70.1847.0414.80
Total Borrowing6.292.492.54
Income Growth
FY 2023–24₹119.79 Cr
FY 2024–25₹188.26 Cr
FY 2025–26₹274.74 Cr
🎯 Key Performance Indicators
33.12%
ROE
Mar 31, 2025
0.13
Debt/Equity
Mar 31, 2025
42.14%
ROCE
Mar 31, 2025
8.81%
PAT Margin
Mar 31, 2025
12.86%
EBITDA Margin
Mar 31, 2025
3.17x
Price/Book
Mar 31, 2025
35.02
NAV
Mar 31, 2025
⚖️ Valuation & EPS
Pre-IPO EPS
₹12.28
FY26 earnings + pre-issue shares
P/E: 9.04x
Post-IPO EPS
₹9.60
FY26 earnings + post-issue shares
P/E: 11.56x
Price to Book Value
3.17x
At upper price band ₹111
Market Cap (Pre-IPO)
₹211.55 Cr
At issue price ₹111
ℹ️ Pre-IPO EPS (₹12.28) based on pre-issue shares (1,90,58,755) and FY26 restated PAT (₹23.40 Cr). Post-IPO EPS (₹9.60) accounts for the dilution resulting from the issuance of 53,28,000 fresh equity shares extending the total post-issue equity to 2,43,86,755 shares. Post-IPO Market Cap expands to ₹270.69 Cr at the upper issue price of ₹111.
🎯 Objects of the Issue
Net proceeds utilisation
1
Funding working capital requirements of the Company
₹46.00 Cr
2
General Corporate Purposes
Balance
Total Fresh Issue Goal ₹59.14 Cr
🏢 About Dove Soft Ltd.
Est. 2011 · Goregaon West, Mumbai · Cloud Communication Solutions & Enterprise Messaging

Dove Soft Limited, incorporated in August 2011, is an established enterprise communications and CPaaS (Communication Platform as a Service) provider delivering integrated cloud-communication solutions across SMS, RCS, Voice, WhatsApp, Email, and interactive digital channels. The company empowers enterprises and OTT platforms to build high-scale, automated customer engagements.

The business maintains an extensive customer reach serving clients across Telecom, IT, BFSI, Healthcare, Travel, Media, Advertising, Retail, Real Estate, E-commerce, and Food & Beverages. Its proprietary cloud-based delivery platform allows enterprises to operate mission-critical messaging and customer workflow applications without managing complex on-premise hardware and software infrastructure. As of March 31, 2026, the company supported an experienced workforce of 92 personnel based out of its headquarters in Goregaon West, Mumbai.

Brand Ecosystem
💬
Enterprise Messaging
High-volume transactional and promotional SMS, critical OTP delivery, and next-gen RCS messaging.
📱
WhatsApp Business API
Automated, conversational customer engagement for customer support, real-time alerts, and marketing.
🔊
Voice Solutions & IVR
Automated outbound calling, interactive voice response (IVR), and missed-call capture systems.
☁️
Cloud Delivery Platform
Scalable software-defined communication architecture eliminating underlying hardware requirements.
Competitive Strengths
🏆Over 15 years of operational excellence in delivering scalable enterprise-grade cloud communication platforms.
📊Diversified multi-industry client footprint insulating the business from sectoral dependencies.
⚙️Proprietary technology stack enabling rapid API integration with third-party enterprise CRM systems.
📈Robust growth trajectory with FY26 revenue accelerating 46% to ₹274.74 Cr and PAT jumping 42% to ₹23.40 Cr.
Company Promoters
KR
Kurjibhai Rupareliya & Rahul Bhanushali
Promoters, Dove Soft Ltd.
SO
Sky Occean Infrastructure Ltd.
Promoter Entity, Dove Soft Ltd.
Key Selling Shareholders (OFS)
Rahul Bhanushali6,36,000 Shares (₹7.06 Cr)
Sky Occean Infrastructure Ltd.6,36,000 Shares (₹7.06 Cr)
📅 Key Dates
IPO Opens30 Sep 2026
IPO Closes5 Oct 2026
Allotment6 Oct 2026
Refund & Share Credit7 Oct 2026
Listing Day8 Oct 2026
💡 Quick Summary
Price Band₹104 – ₹111
Upper Price₹111 / share
Lot Size1,200 shares
Min. Investment (Retail)₹2,66,400 (2 Lots)
Issue Size₹73.26 Cr
ListingBSE SME
🏦 Registrar & Lead Manager
Registrar
Purva Sharegistry (India) Pvt.Ltd.
📞 022-41343255
[email protected]
Lead Manager
Swastika Investmart Ltd.
📍 Registered Address
Dove Soft Ltd.
Office No. 1101, DLH Park, Opp. MTN,
Goregoan West, Mumbai, Maharashtra — 400062
📞 +91 9321938063
[email protected]
🛡️ Regulatory Note: SME IPO investments are subject to SEBI regulations and higher lot size restrictions. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️ Disclaimer: This page presents publicly available information from the Dove Soft IPO RHP for informational purposes only. This format is generated adhering to the required structure as specified in the IPO NEW FORMAT source file. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
📊
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