Dove Soft Limited IPO Opens Sept 30: Price Band Set at Rs 104-111
Dove Soft Limited is launching its SME IPO on September 30, 2026, with a price band of Rs 104 to Rs 111. Learn about the issue size and details here.
Cloud-communication specialist Dove Soft Limited is all set to enter the public market with its upcoming SME Initial Public Offering (IPO). The company aims to raise a total of Rs 73.26 crores through a combination of a fresh issue and an offer for sale.
The subscription window for the Dove Soft Limited IPO is scheduled to open on September 30, 2026, and will remain open until October 5, 2026. Investors looking to participate in this offering can bid within the established price band of Rs 104 to Rs 111 per share.
Issue Structure and Fund Utilization
The total issue size comprises 66,00,000 shares. This is broken down into two main components:
- Fresh Issue: 53.28 lakh shares amounting to Rs 59.14 crores.
- Offer for Sale (OFS): 12.72 lakh shares amounting to Rs 14.12 crores.
The company intends to utilize the proceeds from the fresh issue to fund its working capital requirements and for various general corporate purposes. Once the bidding process concludes, the shares are expected to be allotted on October 6, 2026, with the credit to demat accounts following on October 7, 2026. The company is slated to list on the BSE SME platform on October 8, 2026.
Investor Allocation and Minimum Investment
The net offer available to the public stands at 62,70,000 shares after accounting for firm basis allotments. The allocation is distributed as follows:
- Retail Individual Investors (RII): 31,34,400 shares (49.99%)
- Non-Institutional Investors (NII): 30,70,800 shares (48.98%)
- Qualified Institutional Buyers (QIB): 64,800 shares (1.03%)
For retail investors, the minimum investment required is Rs 2,66,400, which covers two lots or 2,400 shares. For NIIs, the minimum bidding size is three lots (3,600 shares), requiring a total investment of Rs 3,99,600 at the upper price band.
About Dove Soft Limited: A CPaaS Powerhouse
Established in August 2011, Dove Soft Limited operates as a Communications Platform as a Service (CPaaS) provider. The company specializes in integrated cloud-communication solutions, helping businesses connect with customers through various digital channels including SMS, RCS, Voice, WhatsApp, and Email.
The company has shown significant financial momentum. Between the financial years ending March 31, 2025, and March 31, 2026, Dove Soft reported a 46% increase in revenue and a 42% rise in Profit After Tax (PAT).
With operations spanning Mumbai, Ahmedabad, Gurugram, and Dubai, Dove Soft serves a diverse clientele across sectors such as Telecom, IT, BFSI, E-commerce, Healthcare, and more. Their technology suite includes AI-powered automation and a unified communication platform that streamlines customer engagement through real-time analytics and intelligent channel selection.
Swastika Investmart Ltd. is serving as the book-running lead manager and market maker, while Purva Sharegistry (India) Pvt. Ltd. is the registrar for the issue.