FY23
Assets46.50
Revenue73.46
EBITDA7.82
PAT4.81
Net Worth22.73
Total Debt3.81
At a glance
Updated 25 Sep 2026Dove Soft Limited is an integrated cloud-communications and CPaaS company offering enterprise messaging across SMS, WhatsApp, RCS, voice and email channels. The BSE SME IPO combines a fresh issue with an offer for sale.
DOVE SOFT IPO — KEY TERMS
BSE SMEComplete announced offer snapshot
Price band₹104–₹111
Issue size₹73.26 Cr
Fresh issue53.28 L shares
OFS12.72 L shares
Retail minimum₹2,66,400
Retail shares2,400
Open30 Sep 2026
Close5 Oct 2026
Allotment6 Oct 2026
Listing8 Oct 2026
Face value₹10
Lead managerSwastika Investmart
Issue details
Listing atBSE SME
Issue typeBook Building - SME
Issue size₹73.26 Cr
Fresh issue₹59.14 Cr
Offer for sale₹14.12 Cr
Face value₹10
Price band₹104.00–₹111.00
Allotment6 Oct 2026
Listing8 Oct 2026
Grey market
GMP page ↗Latest GMPNO GMP
GMP / upper priceNO DATA
Est. listingNO DATA
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens30 Sep 2026
Closes5 Oct 2026
Allotment6 Oct 2026
Refund7 Oct 2026
Demat7 Oct 2026
Listing8 Oct 2026
Subscription demand
Full bidding ↗PENDINGBidding has not started yet.
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2400 | ₹266,400 |
| Retail (Max) | 2 | 2400 | ₹266,400 |
| S-HNI (Min) | 3 | 3600 | ₹399,600 |
| S-HNI (Max) | 7 | 8400 | ₹932,400 |
| B-HNI (Min) | 8 | 9600 | ₹1,065,600 |
Reservation
Issue mix
QIB1.03%64800 shares
NII / HNI48.98%3070800 shares
bNII32.67%2048400 shares
sNII16.31%1022400 shares
Retail49.99%3134400 shares
Company
BusinessCloud communications / CPaaS
ChannelsSMS, WhatsApp, RCS, Voice & Email
CityMumbai
SectorInformation Technology - SaaS / Cloud Communications
Use of proceeds
| Object | Amount |
|---|---|
| Funding working capital requirements of the company | ₹46.00 Cr |
| General corporate purposes | — |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue273.98₹ Cr · +45.9% vs prior year
EBITDA32.78₹ Cr · +35.8% vs prior year
PAT23.40₹ Cr · +41.5% vs prior year
Assets164.40₹ Cr · +50.9% vs prior year
Net Worth70.69₹ Cr · +7.0% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ croreFY24
Assets85.56
Revenue119.72
EBITDA14.77
PAT10.27
Net Worth32.86
Total Debt3.33
FY25
Assets108.98
Revenue187.73
EBITDA24.13
PAT16.54
Net Worth66.08
Total Debt6.92
FY26
Assets164.40
Revenue273.98
EBITDA32.78
PAT23.40
Net Worth70.69
Total Debt6.29
KPIs
| KPI | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| EBITDA Margin (%) | 10.65 | 12.34 | 12.85 | 11.96 |
| PAT Margin (%) | 6.55 | 8.58 | 8.81 | 8.54 |
| EPS (₹) | 3.31 | 5.6 | 8.82 | 12.01 |
| ROE (%) | 21.16 | 31.25 | 25.03 | 33.1 |
| ROCE (%) | 35.3 | 45.48 | 42.14 | 42.14 |
| Debt to Equity | 0.17 | 0.1 | 0.1 | 0.09 |
Valuation & shareholding
Post-IPO P/E11.56×
Promoter holding pre74.31%
Promoter holding post52.86%
Market cap₹270.69 Cr
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Route Mobile Limited | ₹37.94 | 13.21× | 9.72% | ₹447.85 |
| Tanla Platforms Limited | ₹38.36 | 13.58× | 20.46% | ₹187.61 |
Registrar & lead managers
Registrar
Purva Sharegistry (India) Private Limited9 Shiv Shakti Industrial Estate, J. R. Boricha Marg, Lower Parel East, Mumbai - 400011, Maharashtra, India
+91 22 4961 4132
newissue@purvashare.com
Lead managers
- Swastika Investmart Limited
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 25 Sep 2026.
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