3 days ago
Dove Soft IPO Opens September 30 With 66 Lakh Shares
Dove Soft is launching an IPO, which means it is offering some of its shares to the public.
The IPO opens on September 30.
There are 66,00,000 shares in the issue, but 62,70,000 shares are available in the net public offer.
Different types of investors receive different portions of the shares.
A retail investor must buy at least 2,400 shares.
This minimum investment costs Rs 2,66,400.
The company will use the money for day-to-day business needs and other corporate purposes.
Dove Soft provides digital communication services such as SMS, voice, WhatsApp and email solutions.
Dove Soft’s IPO comprises 66,00,000 shares, including 3,30,000 shares allotted on a firm basis.
The net public offer of 62,70,000 shares includes allocations for QIBs, NIIs and RIIs.
Retail investors must apply for at least two lots, or 2,400 shares, requiring Rs 2,66,400.
The company plans to use IPO proceeds for working capital and general corporate purposes.
Dove Soft provides cloud communication solutions and reported 46% revenue and 42% profit growth between FY25 and FY26.
- Who
- Dove Soft, an integrated cloud communication solutions provider.
- What
- Dove Soft is opening an initial public offering comprising 66,00,000 shares, with a net public offer of 62,70,000 shares.
- Where
- The article does not specify a physical location; the shares are to be credited to successful applicants’ demat accounts.
- When
- The IPO opens on September 30; allotment is expected on October 6, 2026, and demat credit is expected on October 7, 2026.
- Why
- The proceeds will fund working capital requirements and general corporate purposes.
Key facts
- Total issue size
- 66,00,000 shares
- Net public offer
- 62,70,000 shares after excluding 3,30,000 firm-allotted shares
- QIB reservation
- 64,800 shares, or 1.03%
- NII reservation
- 30,70,800 shares, or 48.98%
- RII reservation
- 31,34,400 shares, or 49.99%
- Retail minimum application
- Two lots, or 2,400 shares, requiring Rs 2,66,400
- Use of proceeds
- Working capital requirements and general corporate purposes
