GMP IPO Watch
Dove Soft IPO
Dove Soft IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Dove Soft IPO Details
Key facts at a glance| IPO Open Date | 29 September 2026 | IPO Close Date | 4 October 2026 |
|---|---|---|---|
| Basis of Allotment | 5 October 2026 | Listing Date | 7 October 2026 |
| Price Band | ₹104 - ₹111 per share | Face Value | ₹10 per share |
| Market Lot Size | 1200 Shares | Min Investment (Retail) | ₹2,66,400 |
| Total Issue Size | ₹73.26 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | ₹59.14 Cr | Offer for Sale (OFS) | ₹14.12 Cr |
| Listing At | BSE SME | Issue Category | SME Issue |
| Registrar | Purva Sharegistry (India) Pvt. Ltd. | ||
Dove Soft IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 29 September 2026 | Confirmed |
| IPO Close Date | 4 October 2026 | Confirmed |
| Basis of Allotment | 5 October 2026 | Tentative |
| Initiation of Refunds | 7 October 2026 | Tentative |
| Credit of Shares to Demat | 7 October 2026 | Tentative |
| IPO Listing Date | 7 October 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 5 October 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Dove Soft IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 2,400 Shares | ₹2,66,400 |
| Retail (Max) | 2 Lots | 2,400 Shares | ₹2,66,400 |
| S-HNI (Min) | 3 Lots | 3,600 Shares | ₹3,99,600 |
| S-HNI (Max) | 7 Lots | 8,400 Shares | ₹9,32,400 |
| B-HNI (Min) | 8 Lots | 9,600 Shares | ₹10,65,600 |
Dove Soft IPO Live GMP & Movement History
Daily unofficial grey market trends₹-0.7 -0.6%
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 7 Oct 2026 | ₹0 | ₹111.00 | 0.00% |
| 6 Oct 2026 | ₹0 | ₹111.00 | 0.00% |
| 5 Oct 2026 | ₹0 | ₹111.00 | 0.00% |
| 1 Oct 2026 | ₹0 | ₹111.00 | +0.00% |
Dove Soft IPO Subscription Status
Demand breakdown by investor categoryDove Soft Company Financials
Restated figures (₹ in Crores)| Period | Total Assets | Total Revenue | Total Expenses | Profit After Tax (PAT) |
|---|---|---|---|---|
| 2023 | 46.51 Cr. | 73.77 Cr. | 67.30 Cr. | 4.82 Cr. |
| 2024 | 85.56 Cr. | 119.79 Cr. | 106.06 Cr. | 10.27 Cr. |
| 2025 | 108.99 Cr. | 188.26 Cr. | 166.07 Cr. | 16.54 Cr. |
| 2026 | 164.40 Cr. | 274.74 Cr. | 244.51 Cr. | 23.40 Cr. |
* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).
Dove Soft IPO Valuation & KPIs
Key metrics pre-issueDove Soft Peer Group Comparison
Listed industry peers| Company Name | P/E | EPS (₹) | RoNW (%) | NAV (₹) | Total Income |
|---|---|---|---|---|---|
| Route Mobile Ltd | 13.21 | 37.94 | 9.72% | 447.85 | 4408.21 Cr. |
| Tanla Platforms Ltd | 13.58 | 38.36 | 20.46% | 187.61 | 4417.71 Cr. |
About Dove Soft
Dove Soft is an integrated cloud-communications solutions provider offering multi-channel communication services to businesses. The company provides enterprise clients and over-the-top platforms with transactional Short Message Service, Rich Communication Services, WhatsApp, Voice, Interactive Voice Response, automated voice call solutions, Email, and digital marketing products. It operates on a usage-based pay-per-use revenue model, generating income based on the volume of messages and voice pulses processed through its platform. The business caters to clients across diverse industry sectors, including telecom, information technology, banking, financial services, insurance, e-commerce, retail, healthcare, real estate, automobile, travel, and food and beverages. The company engages with mobile network operators on an invoice-based arrangement and collaborates with channel partners and messaging infrastructure providers to deliver its services. Its cloud platform enables organizations to manage customer interactions, streamline business operations, and enhance messaging reach efficiently across multiple digital communication channels.
Dove Soft IPO Reservation & Share Quotas
The Dove Soft IPO shares are reserved across qualified institutional buyers, non-institutional investors and retail investors. The category-wise allocation is outlined below, showing the number of shares offered and their respective percentage of the issue.
| Investor Category | Share Offered | % Shares |
|---|---|---|
| QIB (Ex. Anchor) | 64,800 Shares | 1.03% |
| NII Shares Offered | 30,70,800 Shares | 48.98% |
| Retail Shares Offered | 31,34,400 Shares | 49.99% |
Note: The reservation figures represent the category-wise share allocation provided for the Dove Soft IPO.
Dove Soft IPO Important Dates
The Dove Soft IPO is scheduled to open for subscription on September 30, 2026, and will remain open until October 5, 2026. The IPO allotment is expected to be finalized on October 6, followed by refunds and credit of shares to eligible investors' demat accounts on October 7.
The Dove Soft IPO is scheduled to list on the BSE SME platform on October 8, 2026. The complete IPO timeline is provided below for investors to track each important event.
| Particular | Details |
|---|---|
| IPO Open Date | September 30, 2026 |
| IPO Close Date | October 5, 2026 |
| Basis of Allotment | October 6, 2026 |
| Refunds | October 7, 2026 |
| Credit to Demat Account | October 7, 2026 |
| IPO Listing Date | October 8, 2026 |
Note: IPO dates are based on the Dove Soft IPO schedule provided above and may be subject to regulatory or exchange-related changes.
Dove Soft IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 30 Sept 2026 |
| IPO Close Date | 05 Oct 2026 |
| Basis of Allotment | 06 Oct 2026 |
| Refunds | 07 Oct 2026 |
| Credit to Demat Account | 07 Oct 2026 |
| IPO Listing Date | 08 Oct 2026 |
Note: The timeline for ਕਬੂਤਰ ਨਰਮ IPO is tentative and subject to change.
Dove Soft Objects of the Issue & Utilisation of Proceeds
The proceeds from the Dove Soft IPO are primarily proposed to be used for meeting the company's working capital requirements. A portion of the funds may also be allocated towards general corporate purposes as outlined in the issue details.
| Purpose | Crores |
|---|---|
| Funding working capital requirements of the Company | ₹46.00 |
| General Corporate Purpose | ₹- |
Note: The utilisation of IPO proceeds is based on the issue information provided above.
Dove Soft Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Working Capital Requirement | 46 (77.78%) |
| General Corporate Purposes | 13.14 (22.22%) |
Note: Objectives are as specified in the DRHP/RHP documents of ਕਬੂਤਰ ਨਰਮ.
Dove Soft Company Financial Report
Dove Soft has reported steady growth in revenue and profitability across the periods presented. Revenue increased from ₹73.77 Crores in 2023 to ₹274.74 Crores in 2026, while Profit After Tax (PAT) also rose during the same period.
The company's total assets increased from ₹46.51 Crores in 2023 to ₹164.40 Crores in 2026. The financial figures below provide a year-wise overview of revenue, expenses, PAT and assets.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹73.77 | ₹67.30 | ₹4.82 | ₹46.51 |
| 2024 | ₹119.79 | ₹106.06 | ₹10.27 | ₹85.56 |
| 2025 | ₹188.26 | ₹166.07 | ₹16.54 | ₹108.99 |
| 2026 | ₹274.74 | ₹244.51 | ₹23.40 | ₹164.40 |
Note: All financial figures are in ₹ Crores and are based on the financial information provided for the Dove Soft IPO.
Dove Soft Company Financial Report
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | 73.77 Cr. | 67.30 Cr. | 4.82 Cr. | 46.51 Cr. |
| 2024 | 119.79 Cr. | 106.06 Cr. | 10.27 Cr. | 85.56 Cr. |
| 2025 | 188.26 Cr. | 166.07 Cr. | 16.54 Cr. | 108.99 Cr. |
| 2026 | 274.74 Cr. | 244.51 Cr. | 23.40 Cr. | 164.40 Cr. |
Note: Financial numbers for ਕਬੂਤਰ ਨਰਮ are in ₹ Crores unless stated otherwise.
Dove Soft Company Valuation & Key Performance Indicators
| KPI | Values |
|---|---|
| ROE | 29.89% |
| ROCE | 33.81% |
| EBITDA Margin | 11.96% |
| PAT Margin | 8.54% |
| Debt to Equity Ratio | 0.10 |
| Earning Per Share (EPS) | 12.01 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 29.79% |
| Net Asset Value (NAV) | 47.43 |
Note: Valuation KPIs for ਕਬੂਤਰ ਨਰਮ are computed for FY2026.
Dove Soft Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Route Mobile Ltd | 37.94 | 13.21 | 9.72% | 447.85 | 4408.21 Cr. |
| Tanla Platforms Ltd | 38.36 | 13.58 | 20.46% | 187.61 | 4417.71 Cr. |
Note: Peer group comparisons for ਕਬੂਤਰ ਨਰਮ are sourced from DRHP filings.
Dove Soft IPO FAQs
Dove Soft IPO opens for subscription on 29 September 2026 and closes on 4 October 2026.
The price band for Dove Soft IPO is set at ₹104.00 to ₹111.00 per share.
The minimum market lot size is 1200 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 2,400 Shares (₹2,66,400).
The latest Grey Market Premium (GMP) for Dove Soft IPO is ₹-0.70. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Dove Soft IPO is tentatively scheduled for 5 October 2026, and shares are expected to list on the stock exchanges on 7 October 2026.
Purva Sharegistry (India) Pvt. Ltd. is the official registrar for Dove Soft IPO. Investors can check their IPO allotment status directly on the registrar's portal once finalized.