Dove Soft IPO Date, Review, Price, Allotment Details

The BSE SME platform is gearing up for another tech-focused listing with the upcoming Dove Soft Limited IPO. Incorporated in 2011, Dove Soft operates as a Communications Platform as a Service (CPaaS) provider. It offers cloud communication solutions via SMS, Voice, WhatsApp, Email, and RCS, helping enterprises and OTT platforms seamlessly engage with their customers.

If you are eyeing this IT consulting and SaaS sector IPO, here is everything you need to know about its dates, pricing, financials, and allotment process.

1. Dove Soft IPO Key Dates & Timeline

The bidding for the Dove Soft IPO will remain open for four active trading days. Make sure to keep track of these important dates:

• IPO Open Date: September 30, 2026
• IPO Close Date: October 5, 2026
• Basis of Allotment: October 6, 2026
• Initiation of Refunds: October 7, 2026
• Credit of Shares to Demat: October 7, 2026
• Listing Date: October 8, 2026 (BSE SME)

2. Issue Details, Price Band, and Lot Size

Dove Soft is looking to raise ₹73.26 crores through a book-built issue. This consists of a fresh issue of ₹59.14 crores (approx. 53.3 lakh shares) and an Offer for Sale (OFS) of ₹14.12 crores (approx. 12.72 lakh shares).

• Price Band: ₹104 to ₹111 per equity share
• Face Value: ₹10 per share
• Listing Exchange: BSE SME
• Investor Quota: Qualified Institutional Buyers (QIB) – 50%, Retail – 35%, Non-Institutional Investors (NII/HNI) – 15%

Retail & HNI Investment Breakdown

Because this is an SME IPO, the investment sizes are larger compared to mainline IPOs. The base lot size is 1,200 shares, but the minimum retail application requires 2 lots:

• Retail Investors (Min & Max): 2,400 shares (2 lots) amounting to ₹2,66,400 (at the upper price band of ₹111).
• Small HNI (sNII – Min): 3,600 shares (3 lots) amounting to ₹3,99,600.

3. Financial Performance & Utilization of Funds

Financial Snapshot

Dove Soft has showcased steady and strong top-line and bottom-line growth over the past few years:

• Total Revenue: Surged to ₹274.0 crore in FY26, up from ₹187.7 crore in FY25.
• Profit After Tax (PAT): Reached ₹23.4 crore in FY26, compared to ₹16.5 crore in FY25.
• Debt to Equity: The company maintains a healthy balance sheet with a low debt-to-equity ratio of just 0.08x in FY26.

Where Will the Money Go?

The company plans to utilize the net proceeds from the fresh issue for:

1. Funding working capital requirements (allocated ₹46.00 crore).
2. General corporate purposes.

4. Dove Soft IPO Review: Strengths & Risks

The Bull Case (Strengths)

• Scalable Business Model: Operating as an asset-light middleware model, the company aggregates telecom pipes to provide robust interfaces for enterprise clients.
• Diversified Services: Offering a multi-channel digital communication suite limits its dependence on any single product or industry.
• Solid Financials: Backed by steady historical growth, maintaining a healthy PAT margin of over 8.5% and generating steady cash flow.

The Bear Case (Risks)

• High Reliance on Telecom Operators: The business relies heavily on strategic relationships with Mobile Network Operators (MNOs). Any failure to maintain these could drastically impact operations.
• Client Concentration Risk: Revenues are highly dependent on clients primarily located in the North and West zones of India.
• Regulatory Hurdles: The company faces risks of potential claims if clients misuse the platform for unauthorized messaging that violates TRAI regulations.

5. How to Check Dove Soft IPO Allotment Status

Once the allotment is finalized on October 6, 2026, applicants can check their allotment status online through the official registrar, Purva Sharegistry (India) Pvt. Ltd..

1. Visit the official IPO allotment status page of Purva Sharegistry.
2. Select Dove Soft Limited from the dropdown menu.
3. Enter your Application Number, PAN, or Demat Account ID.
4. Submit the details to view your share allocation.

Disclaimer: This blog is for informational and educational purposes only and does not constitute financial advice. SME investments carry higher risks due to lower liquidity and larger lot sizes. Always consult a certified financial advisor before investing.