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Dove Soft IPO closed on 05 Oct 2026 with 0.95x overall subscription . The basis of allotment is finalised on 06 Oct 2026 , and the stock will list on 08 Oct 2026 on BSE . The IPO price band was ₹104-₹111.
Dove Soft IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 30 Sep 2026 |
| IPO Close Date | 05 Oct 2026 |
| Basis of Allotment | 06 Oct 2026 |
| Initiation of Refunds | 07 Oct 2026 |
| Credit of Shares to Demat | 07 Oct 2026 |
| Listing Date | 08 Oct 2026 |
Issue Size
6,600,000 shares
(aggregating up to ₹73.00 Cr)
Issue Price
₹104 – ₹111
Face Value
₹10/share
Market Lot
1,200 shares
Retail Min Investment
₹266,400
Listing At
BSE
Sale Type
both
Fresh Issue
4,998,000 shares
(aggregating up to ₹55.48 Cr)
Offer for Sale
1,272,000 shares
(aggregating up to ₹14.12 Cr)
Reserved for Market Maker
330,000 shares
(aggregating up to ₹4.00 Cr)
Issue Type
book building
Open Date
30 Sep
Close Date
05 Oct
Allotment
06 Oct
Listing
08 Oct
Last updated: 10 hours ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 05 Oct 2026 Latest | ₹111 | ₹0 | ₹111 | ₹0 |
0%
|
2:01 PM |
| 05 Oct 2026 | ₹111 | ₹0 | ₹111 | ₹0 |
0%
|
1:30 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 05 Oct 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 1x | - |
| NII | 1.23x | - |
| bNII (bids above ₹10L) | 1.8x | - |
| sNII (bids below ₹10L) | 0.07x | - |
| Individual Investors | 0.69x | - |
| Total | 0.95x | - |
Showing the latest subscription snapshot.
View full subscription historyKurjibhai Rupareliya, Rahul Bhanushali, Sky Occean Infrastructure Ltd.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹266,400 |
| Retail (Max) | 2 | 2,400 | ₹266,400 |
| S-HNI (Min) | 3 | 3,600 | ₹399,600 |
| S-HNI (Max) | 7 | 8,400 | ₹932,400 |
| B-HNI (Min) | 8 | 9,600 | ₹1,065,600 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 64,800 (0.98%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
64,800 (0.98%) |
| NII (HNI) Shares Offered | 3,070,800 (46.53%) |
|
•
sNII < ₹10L
|
1,022,400 (15.49%) |
|
•
bNII > ₹10L
|
2,048,400 (31.04%) |
| Retail Shares Offered | 3,134,400 (47.49%) |
| Market Maker Shares Offered | 330,000 (5.00%) |
| Total Shares Offered | 6,600,000 (100.00%) |
Dove Soft Limited was incorporated in August 2011 in Mumbai, Maharashtra, and is headquartered there. It works in the cloud communications sector, providing integrated messaging and communication solutions for businesses.
The company offers cloud-based communication services across SMS, RCS, voice, WhatsApp, email and other digital channels, including IVR and automated calling, to help enterprises and OTT platforms connect with their customers. Its clients span sectors including telecom, IT, travel, entertainment, media, advertising, retail, real estate, healthcare, BFSI, automobiles, e-commerce and food and beverage. The promoters are Rahul Bhanushali, Kurjibhai Rupareliya and Sky Occean Infrastructure Limited.
Revenue rose to Rs 188.26 crore in FY25 from Rs 119.79 crore in FY24, with profit after tax rising to Rs 16.54 crore in FY25 from Rs 10.27 crore in FY24, as per the DRHP. The IPO is an SME book-built issue of 66,00,000 equity shares of face value Rs 10 each, priced at Rs 111 per share, proposed to be listed on the BSE SME platform, with subscription scheduled for September 30 to October 5, 2026 and a tentative listing date of October 8, 2026. Detailed objects-of-the-issue figures were not confirmed at the time of writing.
Standalone · ₹ in Crores
| Particulars | FY Mar 2024 | FY Mar 2025 | FY Mar 2026 |
|---|---|---|---|
| Total Revenue | 119.79 | 188.26 | 274.74 |
| Profit After Tax (PAT) | 10.27 | 16.54 | 23.4 |
| EBITDA | 14.77 | 24.13 | 32.78 |
| Total Assets | 85.56 | 108.99 | 164.4 |
| Net Worth | 29.99 | 58.28 | 70.69 |
| Reserves & Surplus | 14.8 | 47.04 | 70.18 |
| Total Borrowing | 2.54 | 2.49 | 6.29 |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2025 |
|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 33.12% |
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 42.14% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 8.81% |
| EBITDA Margin Earnings Before Interest, Tax, Depreciation and Amortisation Margin Profit from the main business as a share of sales, before loan interest and tax. Compare it with other companies in the same industry. | 12.86% |
| Debt / Equity Debt to Equity How much the company has borrowed against what shareholders own. Above 1x means the loans are bigger than shareholder funds. | 0.13x |
| P/BV Price to Book Value Tells you if the IPO price is above what the company actually owns. 1x to 3x is usually seen as reasonable. | 3.17x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹12.28 | ₹9.6 |
| P/E Price to Earnings Tells you if the IPO price is fair for what the company earns. Compare it with listed companies in the same sector. | 9.04x | 11.56x |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹212 Cr | ₹271 Cr |
The basis of allotment for Dove Soft IPO was finalised on 06 Oct 2026. You can check your allotment status using your PAN number or application number on the Purva Sharegistry (India) Private Limited portal or BSE.
The Dove Soft IPO is expected to open in Sep 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Dove Soft IPO is ₹104.00 - ₹111.00 per share.
As per market sources, Dove Soft IPO GMP is currently ₹0.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Dove Soft IPO stands at 0.95x overall.
The listing date for Dove Soft IPO is 08 Oct 2026.
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