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, Subscription & Allotment Status Today
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.
- Price Band
- ₹104.00 - ₹111.00
- Lot Size
- 1,200 Shares
- Bidding Closes
- 05 Oct 2026
- Listing Date
- 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
| Current GMP | ₹-0.7 |
|---|---|
| Estimated Listing Gain | -0.63% |
| Price Band | ₹104.00 - ₹111.00 |
| Issue Price | Approx ₹73.26 Crores |
| Listing Price | ₹110.30 |
| Lot Size | 1,200 Shares |
| Issue Type | SME |
| Registrar | Purva Sharegistry (India) Pvt. Ltd. |
| Exchange | BSE SME |
| Retail Quota | TBA |
| Overall Subscription | 1.36x |
| Listing Date | 08 Oct 2026 |
| Minimum Investment | ₹2,66,400 |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 0.65 | 0.65 | 1x |
| NII | 34.01 | 63.47 | 1.87x |
| Retail | 31.34 | 25.51 | 0.81x |
| Overall Subscription | 66 | 89.63 | 1.36x |
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.
Company data
{Dove Soft}: financials, valuation & listing
Listing details
| Listing date | 08 Oct 2026 |
|---|---|
| BSE code | 544975 |
| ISIN | INE0NXJ01016 |
| Offer price | ₹104 – ₹111 |
| Face value | ₹10 |
| Listing price | ₹110.3 |
Valuation
| Return on equity (ROE) | 29.89% |
|---|---|
| Return on capital employed (ROCE) | 33.81% |
| EBITDA margin | 11.96% |
| PAT margin | 8.54% |
| Debt to equity | 0.10 |
| EPS | 12.01 (Basic) |
| P/E ratio | N/A |
| Return on net worth | 29.79% |
| NAV per share | 47.43 |
Financial history
| 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. |
Peer comparison
| Company | Income | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|---|
| Route Mobile Ltd | 4408.21 Cr. | 37.94 | 13.21 | 9.72% | 447.85 |
| Tanla Platforms Ltd | 4417.71 Cr. | 38.36 | 13.58 | 20.46% | 187.61 |
Use of proceeds
| Purpose | Amount (₹ crore) |
|---|---|
| Working Capital Requirement | 46 (77.78%) |
| General Corporate Purposes | 13.14 (22.22%) |
Key dates
| UPI mandate deadline | 05 Oct 2026 |
|---|---|
| Allotment finalised | 06 Oct 2026 |
| Refund initiation | 07 Oct 2026 |
| Shares credited | 07 Oct 2026 |
| Mandate end date | 20 Oct 2026 |
| Anchor lock-in ends (50%) | 04 Nov 2026 |
| Anchor lock-in ends (remaining) | 03 Jan 2027 |
Grey Market Premium (GMP) data is entirely unofficial and speculative, and is influenced by market sentiment, demand and supply for IPO shares, and market rumors. While GMP can provide an indication of the expected IPO listing price, it may not always be accurate and does not guarantee the actual listing price.
Head-to-head
Compare Dove Soft IPO with similar IPOs
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
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 Details
Dove Soft IPO is a book building issue with an issue size of Approx ₹73.26 Crores. The IPO comprises a fresh issue of Approx ₹59.14 Crores and is proposed to be listed on the BSE SME. The IPO price band is set at ₹104 – ₹111 per equity share.
| Particular | Details |
|---|---|
| IPO Open Date | 30 Sept 2026 |
| IPO Close Date | 05 Oct 2026 |
| IPO Price Band | ₹104 – ₹111 |
| Issue Size | Approx ₹73.26 Crores |
| Fresh Issue | Approx ₹59.14 Crores |
| Issue Type | SME |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Note: The above Dove Soft IPO details are based on the information provided for the issue.
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.
FAQ
Dove Soft IPO FAQs
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.
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