Dove Soft Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 1.00x | 64,800 | 64,800 | ₹1 Cr |
| NII (HNI) | 1.96x | 3,070,800 | 6,016,800 | ₹34 Cr |
| Retail | 0.81x | 3,134,400 | 2,551,200 | ₹35 Cr |
| Market Maker | — | 330,000 | — | ₹4 Cr |
| Σ Total | 1.38x | 6,270,000 | 8,632,800 | ₹70 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹133,200 |
| Retail (Max) | 13 | 15,600 | ₹1,731,600 |
| S-HNI (Min) | 14 | 16,800 | ₹1,864,800 |
| B-HNI (Min) | 67 | 80,400 | ₹8,924,400 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 275 | 188 | 120 |
| EBITDA | 33 | 24 | 15 |
| Profit After Tax | 23 | 17 | 10 |
| Net Worth | 71 | 58 | 30 |
| Total Assets | 164 | 109 | 86 |
| Reserves & Surplus | 70 | 47 | 15 |
| Total Borrowing | 6 | 2 | 3 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding working capital requirements of the Company – 46.00
- General Corporate Purposes –
Company Overview
Incorporated in August 2011, Dove Soft Limited provides integrated cloud-communication solutions through SMS, RCS, Voice, WhatsApp, Email, and other digital channels. The company provides services to enterprises and OTT platforms, including SMS, WhatsApp, Voice, IVR, automated calls, E-mail, and Digital Products. The company serves clients across industries like Telecom, IT, Travel, Entertainment, Media, Advertising, Retail, Real Estate, Healthcare, BFSI, Automobile, E-commerce, and Food & Beverages, helping manage customer communication and streamline operations.
Services:
- Enterprise Messaging Services: Bulk SMS, transactional and promotional SMS, and OTP delivery.
- Voice Solutions: Automated IVR, outbound dialer services, and missed call alerts.
- Email Marketing Solutions: High-volume enterprise-grade email delivery infrastructure.
- WhatsApp Business API: Secure and scalable customer engagement via WhatsApp for notifications, support, and marketing.
The company cloud-based delivery platform enables them to build and manage applications without having to create and maintain the underlying infrastructure for each client. It enables them to provide enterprises with solutions to operate applications without purchasing, configuring or managing the underlying hardware and software.
As of March 31, 2026, the company employed 92 people in various departments.
Competitive Strength:
- Sustainable business model and consistent financial track record.
- Diversified service portfolio resulting in our lesser dependence on a single industry, product or services.
- Scalable delivery platform supported by robust infrastructure.
- Experienced Promoter and senior management team.