Dove Soft IPO
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Dove Soft IPO details
Schedule of Dove Soft
| Issue open date | 30 Sep 2026 |
| Issue close date | 05 Oct 2026 |
| UPI mandate deadline | 05 Oct 2026 (5 PM) |
| Allotment finalization | 06 Oct 2026 |
| Refund initiation | 07 Oct 2026 |
| Share credit | 07 Oct 2026 |
| Listing date | 08 Oct 2026 |
| Mandate end date | 20 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 04 Nov 2026 |
| Lock-in end date for anchor investors (remaining) | 03 Jan 2027 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
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.
Financials of Dove Soft
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 73.26 |
| Fresh Issue – Proceeds go to the company | 59.14 |
| Offer for sale – Proceeds go to the existing investors | 14.12 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Working Capital Requirement | 46 (77.78%) |
| General Corporate Purposes | 13.14 (22.22%) |
Strengths
- Multi-channel cloud communications provider with a scalable platform.
- Diversified client base across telecom, BFSI, retail, and e-commerce sectors.
- Recurring usage-based revenue model delivering consistent revenue growth.
- Strategic relationships with mobile network operators and channel partners.
- Experienced promoter and key management team with domain expertise.
Risks
- High customer concentration with top 10 clients contributing most revenue.
- Substantial working capital requirements due to extended customer credit terms.
- Dependency on direct telecom operators and third-party infrastructure providers.
- Regional revenue concentration primarily in Northern and Western India.
- Past instances of negative cash flows from operating activities.
Allotment Status for Dove Soft
To check your IPO allotment status:
- Visit the Purva Sharegistry India IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for Dove Soft
Grey Market Premium (GMP) is an unofficial and unregulated metric that may not accurately reflect investor interest. Instead, investors should refer to the IPO subscription data published by the stock exchanges, which is a more reliable indicator of demand.
Subscription numbers as of 05:00 PM on October 05, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 0.65 | 0.65 | 1x |
| NII | 34.01 | 63.47 | 1.87x |
| Retail | 31.34 | 25.51 | 0.81x |
| Total | 66 | 89.63 | 1.36x |