About Dove Soft
Dove Soft Limited is launching its SME Initial Public Offering (IPO) on September 30, 2026. Incorporated in 2011, Dove Soft operates as a Communications Platform as a Service (CPaaS) provider, delivering multi-channel cloud communications via SMS, Voice, WhatsApp, Email, and RCS.
1. Key Dates & IPO Timetable
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IPO Open Date: September 30, 2026
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IPO Close Date: October 5, 2026
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Basis of Allotment: October 6, 2026
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Initiation of Refunds: October 7, 2026
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Credit of Shares to Demat: October 7, 2026
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Listing Date: October 8, 2026 (BSE SME)
2. Issue Details, Price Band, and Lot Size
The total issue size is ₹73.26 crores, consisting of a fresh issue of ₹59.14 crores (approx. 53.28 lakh shares) and an Offer for Sale (OFS) of ₹14.12 crores (approx. 12.72 lakh shares).
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Price Band: ₹104 to ₹111 per equity share
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Face Value: ₹10 per share
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Base Lot Size: 1,200 shares
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Listing Exchange: BSE SME
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Reservation: QIB – 50%, Retail – 35%, NII/HNI – 15%
Application Requirements:
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Retail Investors (Min & Max – 2 Lots): 2,400 shares amounting to ₹2,66,400 (at the upper price band of ₹111).
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Small HNI (sNII – Min 3 Lots): 3,600 shares amounting to ₹3,99,600.
3. Financial Performance & Utilization of Funds
Financial Overview
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Total Revenue: ₹274.00 crore (FY26), up 46% from ₹187.70 crore (FY25).
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Profit After Tax (PAT): ₹23.40 crore (FY26) vs ₹16.50 crore (FY25).
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Debt to Equity: 0.08x
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PAT Margin: 8.54%
Objects of the Issue
The net proceeds from the fresh issue will be deployed for:
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Funding working capital requirements (~₹46.00 crore).
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General corporate purposes.
4. Grey Market Premium (GMP)
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Current GMP: ₹0 per share
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Estimated Listing Price: ₹111 (at upper band)
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Estimated Listing Gain: 0.00%
Note: Grey Market Premium is an informal indicator and can fluctuate dynamically based on demand during the subscription period.