Dove Soft IPO To Open On 30 September. Check Key Details
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Dove Soft IPO will open on 30 September with a ₹73.26 crore issue at ₹104–111 per share. The BSE SME issue will close on 5 October and list on 8 October. Read more.
Dove Soft is set to open its initial public offering (IPO) for subscription on 30 September 2026, with the BSE SME issue carrying a price band of ₹104 to ₹111 per share. The company plans to raise ₹73.26 crore through a combination of a fresh issue and an offer for sale (OFS).
Swastika Investmart is the book-running lead manager as well as the market maker for the issue, while Purva Sharegistry India is the registrar.
What Are The Dove Soft IPO Dates?
The Dove Soft IPO will open on 30 September and close on 5 October. The basis of share allotment is expected to be finalised on 6 October, while shares are likely to be credited to successful applicants on 7 October.
The company is scheduled to make its debut on the BSE SME platform on 8 October 2026.
What Is The Dove Soft IPO Issue Size?
The IPO comprises 66 lakh shares. This includes a fresh issue of 53.28 lakh shares worth ₹59.14 crore and an OFS of 12.72 lakh shares worth ₹14.12 crore.
After excluding 3.30 lakh shares allotted on a firm basis, the net public offer stands at 62.70 lakh shares.
Of the net offer, 64,800 shares, or 1.03%, are reserved for qualified institutional buyers (QIBs). Non-institutional investors (NIIs) have a 48.98% allocation, while retail individual investors (RIIs) have 49.99%.
What Is The Dove Soft IPO Minimum Investment?
The retail category requires a minimum application of two lots, which equals 2,400 shares. This translates into an investment of ₹2,66,400 at the upper price band. For NIIs, the minimum application is three lots, or 3,600 shares, requiring ₹3,99,600 at ₹111 per share.
The company plans to use the fresh issue proceeds towards working capital requirements and general corporate purposes.
What Does Dove Soft Do?
Incorporated in August 2011, Dove Soft provides integrated cloud communication solutions and operates as a Communications Platform as a Service (CPaaS) provider.
Its services include SMS, RCS, WhatsApp messaging, voice, automated voice calls, email communication and other digital products. The company serves enterprises and over-the-top (OTT) platforms across sectors including telecom, IT, travel, media, retail, healthcare, banking, financial services and insurance, automobiles, e-commerce and food and beverages.
The company said its revenue increased 46% between FY25 and FY26, while profit after tax (PAT) rose 42% during the same period.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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