IPO profile
Dove Soft Limited
DSL · BSE
- Price band
- ₹104 - ₹111
- Subscription
- Not available
Application & Issue Details
- Minimum Quantity
- 1200 shares
- Minimum Application
- ₹1,33,200
- Issue Size
- Rs. 73 Cr
- Face Value
- Not available
Company Overview
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.
Important Dates
- Open Date
- 30 Sept 2026
- Close Date
- 5 Oct 2026
- Allotment Date
- Not available
- Listing Date
- 8 Oct 2026
Issue Timeline
- Issue open date
- Issue close date
- UPI mandate deadline
- Allotment finalization
- Refund initiation
- Share credit
- Listing date
- Mandate end date
- Lock-in end date for anchor investors (50%)
- Lock-in end date for anchor investors (remaining)
Subscription
Subscription data not available yet.
Actual Listing Performance
- Listing Date
- 8 Oct 2026
- Actual Listing Price
- ₹110.3
- Gain/Loss Per Share
- -₹0.7
- Gain/Loss Per Lot
- -₹840
- Listing Gain/Loss %
- -0.63%
- Measured Against
- ₹111
- Lot Size
- 1200 shares
Historical result from the reported listing price, compared with the upper price band (final issue price not reported). Excludes brokerage, taxes and charges.
Company Strengths & Risks
Reported 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.
Key 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.
Company strengths and risks are informational summaries. Review the offer document for complete disclosures.
Documents & Coverage
IPO data last updated 25 Oct 2026, 12:31 pm IST · listing price: NSE/BSE
This page is for informational and educational purposes only. It is not investment advice and not a recommendation to buy, sell, or apply for this IPO. GMP and subscription figures are unofficial/may change. Please make your own independent decision.