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Dove Soft IPO
1.43xsubscribed

Dove Soft IPO

listed
₹2.50LMin. investment

Dove Soft Limited IPO Details

Price range₹104 – ₹111
IPO type
SME
Lot size1200 shares
Issue size₹73Cr
Red Herring Prospectus
Read
Market cap
₹270.69CrLower than sector avg
RevenueApr 2025 - Mar 2026
₹273.98CrLower than sector avg
Growth rate3Y CAGR
51.27%Higher than sector avg

Dove Soft IPO Subscription Status

Date
QIB
NII
Retail
Total
30-Sep-26
0.0 times (X)
1.29 times (X)
0.44 times (X)
0.85 times (X)
01-Oct-26
1.0X
1.29X
0.55X
0.92X
05-Oct-26
1.0X
2.07X
0.81X
1.43X

As on 30-Sep-26, 5:00 PM

Dove Soft IPO Timeline

  1. Pre-apply
    29 Sep 2026
  2. Bid start
    30 Sep 2026
  3. Bid end
    5 Oct 2026
  4. Allotment
    6 Oct 2026
  5. Release of funds
    7 Oct 2026
  6. Demat transfer
    7 Oct 2026
  7. Listing
    8 Oct 2026

About Dove Soft Limited

Dove Soft is an integrated cloud-communications or CPaaS provider offering SMS, RCS, Voice, WhatsApp, Email and other digital products. The company acts as an aggregator between telecom operators and clients and supplies messaging and engagement tools to enterprises and over-the-top platforms.
Dove Soft serves clients in telecom, information technology, travel and tourism, entertainment and media, advertising and events, retail, real estate, healthcare and cosmetics, BFSI, automobile, e-commerce and food and beverages. It has two subsidiaries: Dove Soft Technologies Private Limited, which mainly serves Indian clients that cater to international customers, and Dubai-based Dove Soft Global FZCO. The subsidiaries contributed 18.24% and 4.33%, respectively, to FY26 consolidated revenue.
SMS generated 88.61% of FY26 revenue from operations, voice contributed 4.79%, WhatsApp 2.76%, RCS 2.19%, digital marketing 1.64% and Email 0.02%. RCS increased from nil in FY24, while Voice increased from 0.33%; the telecom customer sector remained the largest business segment at 87.05% of FY26 revenue. Domestic revenue accounted for 91.16% in FY26, while international revenue increased to 8.84%. Uttar Pradesh contributed 51.05% of FY26 revenue, followed by Maharashtra at 20.05%, Gujarat at 9.28% and Rajasthan at 6.73%; the United Arab Emirates contributed 8.17%. The business uses an asset-light model with volume-based and subscription-based billing. SMS, Email and Voice Call purchases represented 79.37% of FY26 purchases, while international purchases represented 15.02%.

Checklist

Quality analysis
Revenue growth
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Objectives of Dove Soft Limited IPO

Working capital
77.90%
The company will utilise ₹46 crore to fund working capital requirements.
General corporate purposes
22.10%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹273.98Cr51.27%₹23.4Cr₹270.69Cr9.240.10
This sector (avg.)₹2,461.47Cr0.05%₹373.09Cr₹14,720.51Cr148.010.31
₹2,55,324Cr---₹48,797Cr₹11,30,254Cr23.690.10
₹1,62,990Cr---₹26,750Cr₹6,63,897.8Cr24.310.09
₹1,17,055Cr---₹17,399Cr₹4,58,746.3Cr27.940.09

*Revenue for financial year 2025-26. Lower P/E and D/E ratios are generally preferred.

Dove Soft IPO Contact Details

Company NameDove Soft Limited

How to apply for Dove Soft IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Dove Soft Limited IPO FAQs