What is Dove Soft IPO?

Dove Soft IPO is a SME book building issue of 66,00,000 equity shares of the face value of ₹10 aggregating up to ₹73.26 Crores. The issue is priced at ₹104 to ₹111 per share.

When does the Dove Soft IPO open and close?

The IPO opens on Wednesday, September 30, 2026, and closes on Monday, October 5, 2026.

What is the price band of the Dove Soft IPO?

The IPO price band is set at ₹104 to ₹111 per share.

What is the lot size and minimum investment for Dove Soft IPO?

The lot size is 1,200 shares. The minimum investment required for retail investors is ₹2,66,400 (2 lots of 1,200 shares) based on the upper price band.

What is the total issue size of the Dove Soft IPO?

The total issue size is up to ₹73.26 crores, comprising a fresh issue of up to ₹59.14 crores and an offer for sale (OFS) of up to ₹14.12 crores.

Where will Dove Soft shares be listed?

The shares are proposed to be listed on the BSE SME platform.

Who is the registrar for the Dove Soft IPO?

Purva Sharegistry (India) Pvt. Ltd. is the registrar for the IPO.

What is the post-IPO market cap of Dove Soft?

Based on the upper cap of the price band, the post-IPO market cap is estimated to be ₹270.69 crore.

What are the company's key services?

The company provides integrated cloud-communication solutions including enterprise messaging (SMS), voice solutions, email marketing, and WhatsApp Business API.

Who are the promoters of Dove Soft?

The promoters are Kurjibhai Rupareliya, Rahul Bhanushali, and Sky Occean Infrastructure Ltd.

IPO Details

Dove Soft Limited IPO

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SME IPO

₹1,24,800

Minimum Investment

Exchange Listed · NSE / BSESEBI Regulated Issue

About Company

Company Name: Dove Soft Limited

Industry / Sector: Software Products / Cloud Communication Solutions

Founded Year: August 2011

Promoters: Kurjibhai Rupareliya, Rahul Bhanushali, Sky Occean Infrastructure Ltd.

Dove Soft Limited provides integrated cloud-communication solutions through SMS, RCS, Voice, WhatsApp, Email, and other digital channels. The company provides services to enterprises and OTT platforms, including SMS, WhatsApp, Voice, IVR, automated calls, E-mail, and Digital Products. The company serves clients across industries like Telecom, IT, Travel, Entertainment, Media, Advertising, Retail, Real Estate, Healthcare, BFSI, Automobile, E-commerce, and Food & Beverages, helping manage customer communication and streamline operations. Its services include Enterprise Messaging Services (Bulk SMS, transactional and promotional SMS, OTP delivery), Voice Solutions (Automated IVR, outbound dialer services, missed call alerts), Email Marketing Solutions (high-volume enterprise-grade email delivery infrastructure), and WhatsApp Business API (secure and scalable customer engagement). The company's cloud-based delivery platform enables them to build and manage applications without having to create and maintain the underlying infrastructure for each client. As of March 31, 2026, the company employed 92 people in various departments.

IPO Basic Details

Company Name	Dove Soft Limited
IPO Type	SME IPO
Price Band	₹104 – ₹111
Lot Size	1200 Shares
Total Issue Size	66,00,000 Equity Shares (₹73.26 Cr)

IPO Strengths & Risks

Strengths

Sustainable business model and consistent financial track record
Diversified service portfolio resulting in lesser dependence on a single industry, product or services
Scalable delivery platform supported by robust infrastructure
Experienced Promoter and senior management team

Risks

Not explicitly stated in the source

IPO Important Dates

IPO Open Date	30 Sep 2026
IPO Close Date	05 Oct 2026
Basis of Allotment	06 Oct 2026
Refund Initiation	06 Oct 2026
Demat Credit Date	07 Oct 2026
Listing Date	08 Oct 2026
Anchor Investor Date	-
UPI Mandate Deadline	-

IPO Objectives

Capital expenditure for machinery and equipment – -
Funding working capital requirements – -
Debt repayment – -
General corporate purposes – Balance Amount

Investor Reservation

QIB Quota	1.03% of Net Issue (64,800 shares)
Retail Quota	49.99% of Net Issue (31,34,400 shares)
HNI Quota	-
Employee Quota	-
Shareholder Quota	-
Anchor Investor Allocation	-

Market Lot Details

Application	Lot Size	Shares	Amount
Retail Minimum	2 Lots	2400	₹2,66,400
Retail Maximum	2 Lots	2400	₹2,66,400
S-HNI Minimum	3 Lots	3600	₹3,99,600
S-HNI Maximum	7 Lots	8400	₹9,32,400
B-HNI Minimum	8 Lots	9600	₹10,65,600

Key Performance Indicators (KPI)

ROE	33.12%
ROCE	42.14%
RoNW	-
PAT Margin	8.81%
EBITDA Margin	12.86%
EPS	₹12.28 (Pre-IPO), ₹9.60 (Post-IPO)
NAV per share	-
Debt to Equity	0.13
P/E Ratio	-
Industry P/E	-

Company Financial Data

Period	Assets	Total Income	PAT	EBITDA	Net Worth	Borrowings
FY2026	₹164.40 Cr	₹274.74 Cr	₹23.40 Cr	₹32.78 Cr	₹70.69 Cr	₹6.29 Cr
FY2025	₹108.99 Cr	₹188.26 Cr	₹16.54 Cr	₹24.13 Cr	₹58.28 Cr	₹2.49 Cr
FY2024	₹85.56 Cr	₹119.79 Cr	₹10.27 Cr	₹14.77 Cr	₹29.99 Cr	₹2.54 Cr

Grey Market Premium

GMP Price	Not Available
Kostak Rate	Not Available
Subject to Sauda	Not Available
Last Updated	Not Available
Estimated Listing Price	TBA

IPO Subscription Data

Total Subscription	Pending
QIB (Ex Anchor)	Pending
HNI Subscription	Pending
Retail Subscription	Pending
Anchor	-

IPO Intermediaries

Registrar: Purva Sharegistry (India) Pvt. Ltd.

Registrar Website: Not explicitly stated in the source

IPO Lead Manager(s)

Swastika Investmart Ltd.

IPO Documents

DRHP RHP

Frequently Asked Questions (FAQ)

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