Dove Soft IPO GMP today is Rs -0.7. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
DSL
Dove Soft IPO GMP & Allotment
Dove Soft is an integrated cloud-communications solutions provider offering multi-channel communication services to businesses. The company provides enterprise clients and over-the-top platforms with transactional Short Message Service, Rich Communication Services, WhatsApp, Voice, Interactive Voice Response, automated voice call solutions, Email, and digital marketing products. It operates on a usage-based pay-per-use revenue model, generating income based on the volume of messages and voice pulses processed through its platform. The business caters to clients across diverse industry sectors, including telecom, information technology, banking, financial services, insurance, e-commerce, retail, healthcare, real estate, automobile, travel, and food and beverages. The company engages with mobile network operators on an invoice-based arrangement and collaborates with channel partners and messaging infrastructure providers to deliver its services. Its cloud platform enables organizations to manage customer interactions, streamline business operations, and enhance messaging reach efficiently across multiple digital communication channels.
- IPO Price Band
- ₹104.00 - ₹111.00
- Lot Size
- 1,200 Shares
- Bidding Closes
- 05 Oct 2026
- Listing Date
- 08 Oct 2026
Quick Answer & Highlights
Dove Soft IPO GMP Today & Key Takeaways
Last updated: 07 Oct 2026
Dove Soft IPO officially listed on 08 Oct 2026 at Rs 110.30, delivering a -0.63% listing gain compared to its issue price of Rs 73.26. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹-0.7.
Dove Soft IPO officially listed on 08 Oct 2026 at ₹110.30, delivering a -0.63% listing gain compared to its issue price of ₹73.26. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹-0.7.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹-0.7 | -0.63% vs upper band (07 Oct 2026) |
| Est. Listing Price | ₹110.30 | -0.63% Est. Listing Gain |
| Price Band | ₹104.00 - ₹111.00 | SME IPO |
| Retail Minimum Investment | ₹2,66,400 | 2 Lot (1,200 Shares) |
| Bidding Window | 30 Sept 2026 – 05 Oct 2026 | Listed |
| Allotment & Listing Dates | Allotment: 06 Oct 2026 | Listing: 08 Oct 2026 |
Current GMP Status
₹-0.7
-0.63% vs upper band
Est. Listing Gain
-0.63%
Last Trend
07 Oct 2026
Listing Price
₹110.30
Retail Entry
₹2,66,400
IPO Details
Complete IPO information
| IPO Open Date | 30 Sept 2026 |
|---|---|
| IPO Close Date | 05 Oct 2026 |
| IPO Price Band | ₹104.00 - ₹111.00 |
| Lot Size | 1,200 Shares |
| Current GMP | ₹-0.7 |
| Estimated Listing Gain | -0.63% |
| Issue Size | Approx ₹73.26 Cr |
| Fresh Issue | Approx ₹59.14 Cr |
| Issue Type | SME |
| IPO Listing | BSE SME |
| Retail Quota | TBA |
| Registrar | Purva Sharegistry (India) Pvt. Ltd. |
| Overall Subscription | 1.36x |
| Minimum Investment | ₹2,66,400 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 0.65 | 0.65 | 1xx |
| NII | 34.01 | 63.47 | 1.87xx |
| Retail | 31.34 | 25.51 | 0.81xx |
| Overall Subscription | 66 | 89.63 | 1.36xx |
Day-wise demand
Dove Soft IPO subscription status day-wise
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 2 (01 Oct) | 0x | 1.16x | 0.44x | 0.81x |
| Day 4 (05 Oct) | 1x | 1.17x | 0.55x | 0.87x |
Subscription in times (x) at the end of each bidding day. Today's row updates through the day.
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Dove Soft is priced at ₹111 per share. With a minimum lot size of 1,200 shares, a retail investor applying for one lot would need approximately ₹2,66,400 to participate in this SME issue.
The latest recorded Grey Market Premium for Dove Soft stands at ₹-0.7, implying an estimated listing gain of around -0.63% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Dove Soft's IPO was subscribed 1.36x overall, with a category-wise breakdown of Retail 0.81x, QIB 1x, NII 1.87x.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
30 Sept 2026
✓
Bidding Closes
05 Oct 2026
✓
Allotment
06 Oct 2026
✓
Listing
08 Oct 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 30 Sept 2026 | Completed |
| Bidding Closes | 05 Oct 2026 | Completed |
| Allotment | 06 Oct 2026 | Completed |
| Listing | 08 Oct 2026 | Completed |
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 07 Oct 2026 | ₹0.00 | - | TBA |
| 06 Oct 2026 | ₹0.00 | - | TBA |
| 05 Oct 2026 | ₹0.00 | - | TBA |
| 01 Oct 2026 | ₹0.00 | - | 0.00% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 2,400 | ₹2,66,400 |
| Retail Maximum | 2 Lot | 2,400 | ₹2,66,400 |
| S-HNI Minimum | 3 Lot | 3,600 | ₹3,99,600 |
| S-HNI Maximum | 7 Lot | 8,400 | ₹9,32,400 |
| B-HNI Minimum | 8 Lot | 9,600 | ₹10,65,600 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
Dove Soft IPO Reservation
The Dove Soft IPO shares are reserved across qualified institutional buyers, non-institutional investors and retail investors. The category-wise allocation is outlined below, showing the number of shares offered and their respective percentage of the issue.
| Investor Category | Share Offered | % Shares |
|---|---|---|
| QIB (Ex. Anchor) | 64,800 Shares | 1.03% |
| NII Shares Offered | 30,70,800 Shares | 48.98% |
| Retail Shares Offered | 31,34,400 Shares | 49.99% |
Note: The reservation figures represent the category-wise share allocation provided for the Dove Soft IPO.
Analysis
Dove Soft IPO Dates
The Dove Soft IPO is scheduled to open for subscription on September 30, 2026, and will remain open until October 5, 2026. The IPO allotment is expected to be finalized on October 6, followed by refunds and credit of shares to eligible investors' demat accounts on October 7.
The Dove Soft IPO is scheduled to list on the BSE SME platform on October 8, 2026. The complete IPO timeline is provided below for investors to track each important event.
| Particular | Details |
|---|---|
| IPO Open Date | September 30, 2026 |
| IPO Close Date | October 5, 2026 |
| Basis of Allotment | October 6, 2026 |
| Refunds | October 7, 2026 |
| Credit to Demat Account | October 7, 2026 |
| IPO Listing Date | October 8, 2026 |
Note: IPO dates are based on the Dove Soft IPO schedule provided above and may be subject to regulatory or exchange-related changes.
Analysis
Dove Soft IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 30 Sept 2026 |
| IPO Close Date | 05 Oct 2026 |
| Basis of Allotment | 06 Oct 2026 |
| Refunds | 07 Oct 2026 |
| Credit to Demat Account | 07 Oct 2026 |
| IPO Listing Date | 08 Oct 2026 |
Note: The timeline for Dove Soft IPO is tentative and subject to change.
Analysis
Dove Soft IPO Objects of the Issue & Utilisation of Proceeds
The proceeds from the Dove Soft IPO are primarily proposed to be used for meeting the company's working capital requirements. A portion of the funds may also be allocated towards general corporate purposes as outlined in the issue details.
| Purpose | Crores |
|---|---|
| Funding working capital requirements of the Company | ₹46.00 |
| General Corporate Purpose | ₹- |
Note: The utilisation of IPO proceeds is based on the issue information provided above.
Analysis
Dove Soft Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Working Capital Requirement | 46 (77.78%) |
| General Corporate Purposes | 13.14 (22.22%) |
Note: Objectives are as specified in the DRHP/RHP documents of Dove Soft.
Analysis
Dove Soft IPO Company Financial Report
Dove Soft has reported steady growth in revenue and profitability across the periods presented. Revenue increased from ₹73.77 Crores in 2023 to ₹274.74 Crores in 2026, while Profit After Tax (PAT) also rose during the same period.
The company's total assets increased from ₹46.51 Crores in 2023 to ₹164.40 Crores in 2026. The financial figures below provide a year-wise overview of revenue, expenses, PAT and assets.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹73.77 | ₹67.30 | ₹4.82 | ₹46.51 |
| 2024 | ₹119.79 | ₹106.06 | ₹10.27 | ₹85.56 |
| 2025 | ₹188.26 | ₹166.07 | ₹16.54 | ₹108.99 |
| 2026 | ₹274.74 | ₹244.51 | ₹23.40 | ₹164.40 |
Note: All financial figures are in ₹ Crores and are based on the financial information provided for the Dove Soft IPO.
Analysis
Dove Soft Company Financials
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | 73.77 Cr. | 67.30 Cr. | 4.82 Cr. | 46.51 Cr. |
| 2024 | 119.79 Cr. | 106.06 Cr. | 10.27 Cr. | 85.56 Cr. |
| 2025 | 188.26 Cr. | 166.07 Cr. | 16.54 Cr. | 108.99 Cr. |
| 2026 | 274.74 Cr. | 244.51 Cr. | 23.40 Cr. | 164.40 Cr. |
Note: Financial numbers for Dove Soft are in ₹ Crores unless stated otherwise.
Analysis
Dove Soft Company Valuation – FY2026
| KPI | Values |
|---|---|
| ROE | 29.89% |
| ROCE | 33.81% |
| EBITDA Margin | 11.96% |
| PAT Margin | 8.54% |
| Debt to Equity Ratio | 0.10 |
| Earning Per Share (EPS) | 12.01 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 29.79% |
| Net Asset Value (NAV) | 47.43 |
Note: Valuation KPIs for Dove Soft are computed for FY2026.
Analysis
Dove Soft IPO Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Route Mobile Ltd | 37.94 | 13.21 | 9.72% | 447.85 | 4408.21 Cr. |
| Tanla Platforms Ltd | 38.36 | 13.58 | 20.46% | 187.61 | 4417.71 Cr. |
Note: Peer group comparisons for Dove Soft are sourced from DRHP filings.
Comparison
Compare Dove Soft IPO with similar IPOs
FAQ
Dove Soft IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs -0.7 and an issue price of Rs 111, the estimated listing price for Dove Soft IPO is Rs 110.30 (approx -0.63% listing gain). Actual listing price is determined by market demand on the listing day.
Dove Soft IPO price band is Rs 104.00 to Rs 111.00. Check the latest issue price, lot size and GMP together before applying.
Dove Soft IPO open date is 30 Sept 2026, close date is 05 Oct 2026, and listing date is 08 Oct 2026.
Dove Soft IPO lot size is 1,200 shares. The minimum retail investment is Rs 2,66,400.
Dove Soft is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Dove Soft IPO subscription status currently shows Retail 0.81x, QIB 1x, NII 1.87x, Overall 1.36x.
Dove Soft is an integrated cloud-communications solutions provider offering multi-channel communication services to businesses. The company provides enterprise clients and over-the-top platforms with transactional Short Message Service, Rich Communication Services, WhatsApp, Voice, Interactive Voice Response, automated voice call solutions, Email, and digital marketing products. It operates on a usage-based pay-per-use revenue model, generating income based on the volume of messages and voice pulses processed through its platform. The business caters to clients across diverse industry sectors, including telecom, information technology, banking, financial services, insurance, e-commerce, retail, healthcare, real estate, automobile, travel, and food and beverages. The company engages with mobile network operators on an invoice-based arrangement and collaborates with channel partners and messaging infrastructure providers to deliver its services. Its cloud platform enables organizations to manage customer interactions, streamline business operations, and enhance messaging reach efficiently across multiple digital communication channels.
Dove Soft IPO issue size is TBA and the expected allotment date is 06 Oct 2026.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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