Dove Soft
LISTEDIPO Date: 30 Sept - 5 Oct 2026
Listing Date: 8 Oct 2026
Price Range
Rs.104 - Rs.111
Issue Size
73 Cr
Min Investment
₹2,49,600
2 lots minimum (SEBI rule for SME)
Min Application
2400 Shares
1200 per lot × 2
Schedule of Dove Soft
Issue open date
30 Sept 2026
Issue close date
5 Oct 2026
UPI mandate deadline
5 Oct 2026 (5 PM)
Allotment finalization
6 Oct 2026
Share credit
7 Oct 2026
Listing date
8 Oct 2026
Mandate end date
20 Oct 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 73 Cr |
| Fresh Issue | 59.14 Cr |
| Offer for Sale | 14.12 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 6 Oct 2026 |
| Allotment Link | {Link} |
Grey Market Premium
NewGrey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 8 Oct 2026Latest | ₹111 | ₹0 | ₹111(0%) |
| 7 Oct 2026 | ₹111 | ₹0 | ₹111(0%) |
| 6 Oct 2026 | ₹111 | ₹0 | ₹111(0%) |
| 5 Oct 2026 | ₹111 | ₹0 | ₹111(0%) |
| 4 Oct 2026 | ₹111 | ₹0 | ₹111(0%) |
| 3 Oct 2026 | ₹111 | ₹0 | ₹111(0%) |
| 2 Oct 2026 | ₹111 | ₹0 | ₹111(0%) |
| 1 Oct 2026 | ₹111 | ₹0 | ₹111(0%) |
| 30 Sept 2026 | ₹111 | ₹0 | ₹111(0%) |
Performance Dove Soft
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.104 - Rs.111 | ₹ 110 (-0.63%) | ₹ 101.95 | -8.15% |
About Dove Soft
Dove Soft Limited is a cloud communications solutions provider in India, operating as a Communications Platform as a Service (CPaaS) provider. The company offers communication services through SMS, RCS, voice, WhatsApp, email, and other digital platforms. Its services include transactional and OTP messaging, automated voice calls, campaign management, WhatsApp messaging and bots, email communication, RCS messaging, and digital services. The company serves clients across sectors such as telecom, IT, travel and tourism, media and entertainment, retail, real estate, healthcare, BFSI, automobile, e-commerce and food and beverages. It also acts as an aggregator between telecom operators and clients for the delivery of communication services. Dove Soft has two subsidiaries, Dove Soft Technologies Private Limited and Dubai-based Dove Soft Global FZCO. The subsidiaries provide communication, IT network, SMS, and data-related services.
| Founded in | 2011 |
| Managing director | Mr Rahul Bhupendra Bhanushali |
| Parent organization |
Financial Overview
Strengths
5- 1
Multi-channel cloud communications provider with a scalable platform.
- 2
Diversified client base across telecom, BFSI, retail, and e-commerce sectors.
- 3
Recurring usage-based revenue model delivering consistent revenue growth.
- 4
Strategic relationships with mobile network operators and channel partners.
- 5
Experienced promoter and key management team with domain expertise.
Risks
5- 1
High customer concentration with top 10 clients contributing most revenue.
- 2
Substantial working capital requirements due to extended customer credit terms.
- 3
Dependency on direct telecom operators and third-party infrastructure providers.
- 4
Regional revenue concentration primarily in Northern and Western India.
- 5
Past instances of negative cash flows from operating activities.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | 1.29 |
| Retail Individual Investors (RIIs) | 0.44 |
| Employee | N/A |
| Total | 0.85 |