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Dove Soft Sets ₹73.26 Crore IPO Opening For September 30
Dove Soft is a company that helps businesses communicate with their customers online.
It plans to sell shares to the public through an IPO.
The IPO will open on September 30 and close on October 5.
Each share will cost between ₹104 and ₹111.
The company will issue some new shares and existing shareholders will sell some of theirs.
Money from the new shares will be used for business needs.
Retail investors must apply for at least 2,400 shares.
The shares are expected to be listed on the stock exchange on October 8.
Dove Soft Limited will launch its ₹73.26 crore BSE SME IPO on September 30, with bidding closing October 5.
The issue has a ₹104–₹111 price band and comprises 66 lakh shares.
The fresh issue may raise up to ₹59.14 crore, while the ₹14.12 crore offer for sale will benefit selling shareholders.
Fresh-issue proceeds will fund working capital and general corporate purposes.
The tentative listing date is October 8, after allotment is expected on October 6 and demat credit on October 7.
- Who
- Dove Soft Limited, a cloud communications company.
- What
- A ₹73.26 crore BSE SME initial public offering comprising 66 lakh shares.
- Where
- The issue will be listed on the BSE SME platform; Dove Soft operates from Mumbai, Ahmedabad, Gurugram and Dubai.
- When
- The IPO opens September 30 and closes October 5; listing is tentatively scheduled for October 8.
- Why
- The company plans to use fresh-issue proceeds for working capital and general corporate purposes.
Key facts
- IPO size
- ₹73.26 crore
- Price band
- ₹104–₹111 per share
- Issue structure
- 53.28 lakh fresh shares and 12.72 lakh offer-for-sale shares
- Opening and closing dates
- September 30 to October 5
- Minimum retail application
- Two lots, or 2,400 shares; ₹2,66,400 at the upper price band
- Tentative listing date
- October 8
- Lead manager and registrar
- Swastika Investmart; Purva Sharegistry (India)
Sources
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