Dove Soft IPO: Latest Update
Dove Soft IPO is currently open for subscription and is scheduled to close on October 5, 2026. The company is raising ₹73.26 crore through a combination of a fresh issue and an offer for sale. The price band has been fixed at ₹104 to ₹111 per share, and the shares are proposed to be listed on the BSE SME platform.
The latest subscription data available for October 2 shows that the issue had reached around 0.92x overall subscription by Day 3. The QIB portion had reached 1x, while retail participation remained below full subscription.
Dove Soft IPO Details
| Particular | Details |
|---|---|
| IPO Name | Dove Soft IPO |
| IPO Type | SME IPO |
| IPO Open Date | 30 September 2026 |
| IPO Close Date | 5 October 2026 |
| Price Band | ₹104 – ₹111 |
| Face Value | ₹10 |
| Lot Size | 1,200 Shares |
| Minimum Retail Bid | 2 Lots / 2,400 Shares |
| Minimum Retail Investment | ₹2,66,400 |
| Issue Size | ₹73.26 Crore |
| Fresh Issue | ₹59.14 Crore |
| Offer for Sale | ₹14.12 Crore |
| Issue Type | Book Building |
| Listing Platform | BSE SME |
| Allotment | 6 October 2026 |
| Refund | 7 October 2026 |
| Share Credit | 7 October 2026 |
| Listing Date | 8 October 2026 |
| Lead Manager | Swastika Investmart |
| Registrar | Purva Sharegistry (India) |
The IPO comprises a fresh issue of approximately ₹59.14 crore and an offer for sale of ₹14.12 crore. The proposed listing date is October 8, 2026.
Dove Soft IPO GMP Today
The latest available GMP information for October 2, 2026 does not show a confirmed premium. One current tracker reports the GMP at ₹0, while another source says there is not yet sufficient reliable GMP data to publish a figure.
Therefore, the Dove Soft IPO GMP can currently be treated as around ₹0 / no confirmed premium. GMP is an unofficial grey-market indicator and can change before listing, so it should not be treated as an indication or guarantee of the actual listing price.
Dove Soft IPO Subscription Status
Dove Soft IPO has seen gradual improvement in bidding during the first three days. The latest available Day 3 data shows 0.92x overall subscription, with the QIB category reaching 1x. Retail demand remained below the shares reserved for the category.
| Category | Latest Subscription |
|---|---|
| QIB | 1.00x |
| NII | Around 1.2x |
| Retail | 0.55x |
| Total | 0.92x |
The Day 2 figures had shown overall subscription of 0.87x, with QIBs at 1x, NIIs at 1.17x and retail investors at 0.55x.
The final subscription figures can change considerably during the remaining bidding period because the IPO remains open until October 5.
What Does Dove Soft Do?
Dove Soft is an integrated cloud communications solutions provider operating in the Communications Platform as a Service, or CPaaS, segment.
The company provides communication services and digital solutions to enterprises and over-the-top platforms. Its offerings include transactional SMS, WhatsApp messaging solutions, voice services, automated voice calls, email communication and other digital communication products.
The business allows companies to communicate with customers through multiple digital channels from a technology-driven platform.
Dove Soft Business Model
Dove Soft's business model is based on providing communication infrastructure and related services to enterprise customers.
Its multi-channel portfolio allows customers to use different communication formats depending on their requirements. These include:
- Transactional SMS
- WhatsApp communication
- Voice services
- Automated voice calls
- Email communication
- Digital communication products
- Cloud-based communication solutions
The company's positioning in the CPaaS segment gives it exposure to businesses that use digital communication for customer notifications, engagement, authentication and other operational requirements.
Dove Soft Company Background
Dove Soft was incorporated in August 2011 as Dove Soft Private Limited. It later converted from a private limited company into a public limited company in 2022.
According to the company's disclosed milestones, its topline crossed ₹10 crore in 2016, ₹50 crore in 2023 and ₹100 crore in 2025.
The company has therefore operated in the cloud communications space for more than a decade, with its business expanding alongside the increasing use of digital communication channels.
Dove Soft IPO Fund Utilisation
The fresh issue proceeds are primarily intended to support the company's working capital requirements and general corporate purposes.
| Purpose | Details |
|---|---|
| Working Capital | Funding day-to-day business requirements |
| General Corporate Purposes | General business and corporate requirements |
Working capital is particularly relevant for a communication-services business because operating requirements can include customer acquisition, technology infrastructure, receivables and other routine expenses.
Dove Soft Financial Performance
Dove Soft has reported growth in its operating scale in recent years. The latest financial information available through IPO sources shows total income of approximately ₹156.82 crore and EBITDA of around ₹15.55 crore.
The company has also disclosed FY2026 earnings-related metrics including:
| Financial Metric | FY2026 |
|---|---|
| EPS | ₹12.01 |
| NAV per Share | ₹47.43 |
| Return on Net Worth | 29.79% |
| ROE | 29.89% |
| ROCE | 33.81% |
| EBITDA Margin | 11.96% |
| Debt/Equity | 0.10x |
These figures provide a snapshot of the company's profitability, capital structure and return ratios before the IPO.
Dove Soft Revenue Growth
The company has crossed several revenue milestones during its operating history. Its topline crossed ₹10 crore in 2016, ₹50 crore in 2023 and ₹100 crore in 2025.
The company's latest reported total income of around ₹156.82 crore indicates that the business has continued to operate at a larger scale compared with its earlier years.
For IPO tracking, revenue growth needs to be considered alongside margins, cash generation, customer concentration and the company's working-capital requirements.
Dove Soft IPO Shareholding
Before the IPO, promoters held approximately 74.31% of the company's share capital. Following the issue, the promoter holding is expected to reduce as the company expands its public shareholding.
The IPO includes both fresh shares and an offer for sale, meaning the issue combines capital being raised by the company with shares being sold by existing shareholders.
Dove Soft IPO Reservation
The IPO has shares reserved across different investor categories.
| Investor Category | Shares Offered |
|---|---|
| QIB | 64,800 |
| NII | 30,70,800 |
| Retail | 31,34,400 |
| Market Maker | 3,30,000 |
| Total | 66,00,000 |
The reservation structure reported for the issue shows a relatively large allocation to NII and retail investors, while the QIB allocation is comparatively small.
Dove Soft IPO Listing Details
Dove Soft shares are proposed to be listed on the BSE SME platform. The issue opened on September 30 and is scheduled to close on October 5.
The current IPO schedule is:
| Particular | Date |
|---|---|
| IPO Opens | 30 September 2026 |
| IPO Closes | 5 October 2026 |
| Allotment | 6 October 2026 |
| Refund Initiation | 7 October 2026 |
| Shares Credited | 7 October 2026 |
| Listing | 8 October 2026 |
The dates are based on the current IPO schedule and may be subject to changes during the issue process.
Dove Soft IPO: What to Track Now
With the IPO entering the final part of its subscription period, the main numbers to monitor are the final category-wise subscription, QIB participation, retail bidding and any changes in the unofficial grey market.
The Day 3 data shows that QIB demand had reached the full reserved quantity, while the retail portion remained below 1x. The overall subscription was approximately 0.92x at the latest reported update.
The GMP situation is less clear. Current trackers do not provide a consistent premium figure, with one source reporting ₹0 and another indicating that reliable GMP data is still developing.
Dove Soft IPO Closing Update
Dove Soft's IPO represents a public-market offering from a company operating in India's cloud communications and CPaaS segment. The ₹73.26 crore issue consists of a fresh issue and an offer for sale, with proceeds from the fresh component intended primarily for working capital and general corporate purposes.
As of the latest October 2 update, the IPO had reached around 0.92x subscription, while the latest available GMP information remains around ₹0 or unconfirmed. The issue is scheduled to close on October 5, 2026, followed by allotment on October 6 and the proposed BSE SME listing on October 8.
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