Dove Soft IPO Subscription Update
Dove Soft IPO continued its bidding on October 2, 2026, with the issue entering its third day of subscription. The IPO opened on September 30 and will remain open until October 5.
The company has fixed the price band at ₹104 to ₹111 per share and is raising approximately ₹73.26 crore through a fresh issue and an offer for sale. The shares are proposed to be listed on the BSE SME platform on October 8, 2026.
Dove Soft IPO Details
| Particular | Details |
|---|---|
| IPO Open Date | September 30, 2026 |
| IPO Close Date | October 5, 2026 |
| Price Band | ₹104 – ₹111 |
| Issue Size | ₹73.26 Cr |
| Fresh Issue | ₹59.14 Cr |
| Offer for Sale | ₹14.12 Cr |
| Face Value | ₹10 |
| Lot Size | 1,200 Shares |
| Retail Minimum | 2,400 Shares |
| Minimum Investment | ₹2,66,400 |
| Allotment Date | October 6, 2026 |
| Refund/Demat | October 7, 2026 |
| Listing Date | October 8, 2026 |
| Listing Platform | BSE SME |
| Registrar | Purva Sharegistry |
| Lead Manager | Swastika Investmart |
The issue comprises 62.70 lakh shares, including fresh equity and shares offered for sale by existing shareholders. The upper price band of ₹111 means two lots, or 2,400 shares, require ₹2.664 lakh for a retail application.
Dove Soft IPO GMP Today
The latest available grey market data as of October 2 indicates a GMP of ₹0 per share.
At the upper IPO price of ₹111, the current grey-market indication therefore does not show an additional premium. GMP is an unofficial market indicator and can change during the remaining subscription period.
| Particular | Latest Update |
|---|---|
| Upper IPO Price | ₹111 |
| Current GMP | ₹0 |
| Indicative Price | ₹111 |
| GMP Status | No Premium |
Dove Soft IPO Subscription Status
By the latest Day 3 update on October 2, the IPO had been subscribed approximately 0.92 times overall. The QIB category had reached 1x, while retail participation remained below the shares reserved for the category.
| Investor Category | Subscription |
|---|---|
| QIB | 1.00x |
| NII | Above 1x |
| Retail | 0.55x |
| Overall | 0.92x |
The issue had started with lower participation on the opening day, but demand increased during the subsequent sessions. The final subscription figures will be available after bidding closes on October 5.
What Does Dove Soft Do?
Dove Soft is a Mumbai-based cloud communication and CPaaS company. Its platform provides communication solutions such as SMS, RCS, voice, WhatsApp, email and other digital messaging services to enterprise customers.
The company's solutions are used across sectors including telecom, IT, travel, entertainment, retail, healthcare and e-commerce. Its business model is focused on providing communication infrastructure and digital engagement tools to enterprises.
The company was incorporated in 2011 and has developed its business around integrated cloud-based communication services. As demand for digital customer communication continues to expand, the company's ability to retain customers, manage technology infrastructure and maintain margins will remain important to its operations.
Dove Soft Financial Performance
Dove Soft has reported growth in its recent financial performance. Economic Times data shows total income of around ₹156.82 crore, with EBITDA of approximately ₹15.55 crore in the latest reported period.
The company has also highlighted its cloud communication platform and enterprise customer base as key components of its business model. Revenue performance will depend on communication volumes, customer additions, pricing and continued demand for digital messaging services.
Where Will Dove Soft IPO Funds Be Used?
The fresh issue proceeds are intended to support the company's business requirements, including working capital and other general corporate purposes. The OFS portion represents shares being sold by existing shareholders and does not result in funds being raised by the company from that component.
| Particular | Details |
|---|---|
| Fresh Issue | ₹59.14 Cr |
| Offer for Sale | ₹14.12 Cr |
| Main Purpose | Business and working-capital requirements |
| General Corporate Purposes | Part of fresh issue proceeds |
Key Points to Track
Dove Soft's IPO combines exposure to the growing cloud communications and enterprise messaging segment with an SME-market listing. The company provides multiple communication channels, including SMS, RCS, voice, WhatsApp and email.
The key factors to monitor include subscription across investor categories, customer and communication-volume growth, operating margins, technology requirements and competition within the CPaaS market. The current GMP of ₹0 also means the grey market is not indicating an unofficial premium at the latest available update.
Dove Soft IPO Timeline
The IPO opened on September 30 and will close on October 5, 2026. The basis of allotment is expected on October 6, refunds and demat credit are scheduled for October 7, and the shares are proposed to list on October 8.
With the issue approaching the end of its subscription period, the final day bidding figures and any movement in GMP will be the next important updates for investors tracking Dove Soft IPO.
Note: IPO GMP is an unofficial grey-market indicator and is not a guaranteed listing price. Investors should also consider the company's financial performance, business model, valuation, risks and official IPO documents.
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