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Dove Soft IPO Listing: Shares Debut Near Flat at 0.63% Discount on BSE SME, Check Share Price

Dove Soft lists at Rs 110.30 on BSE SME, down 0.63%. Issue price Rs 111. Issue size Rs 73.26 Cr, the largest of the seven SME issues listing on 8 October.


8 Oct 2026 • 10:30 am

Dove Soft IPO Listing: Shares Debut Near Flat at 0.63% Discount on BSE SME, Check Share Price

Quick Answer

The Dove Soft IPO listing today saw the stock debut at Rs 110.30 on the BSE SME platform, a 0.63 percent discount to its Rs 111 issue price. Anyone checking the Dove Soft share price today will find a near flat start for the business messaging company, the largest of the seven SME issues listing on 8 October.

Dove Soft IPO Listing Today: The IPO closed subscription on 5 October 2026 with a modest response, as the six SME issues closing that day drew overall subscriptions of between about 1.06 times and 2.32 times. Here is a recap of the offer, the terms of the Dove Soft IPO listing, and how the stock traded once it opened on 8 October.

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Dove Soft IPO Listing: Issue Details

Dove Soft Limited raised Rs 73.26 crore through 66,00,000 shares, made up of a fresh issue of 53,28,000 shares worth Rs 59.14 crore and an offer for sale of 12,72,000 shares worth Rs 14.12 crore. The issue listed on the BSE SME platform on 8 October 2026. Bidding ran from 30 September to 5 October 2026, at a face value of Rs 10 per share and a price band of Rs 104 to Rs 111 per share. About Rs 46 crore of the proceeds is earmarked for working capital.

Particular Detail
Allotment Date 6 October 2026
IPO Open Date 30 September 2026
IPO Close Date 5 October 2026
Refund Initiation 7 October 2026
Issue Size Rs 73.26 crore (66,00,000 shares)
Face Value Rs 10 per share
Lot Size 1,200 shares
Issue Price Rs 111 per share
Issue Type Bookbuilding IPO
Listing At BSE SME
Listing Date 8 October 2026

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Dove Soft IPO Listing Price and Performance

Shares of the Dove Soft IPO listing opened at Rs 110.30 on the BSE SME platform, a 0.63 percent discount to the Rs 111 issue price. Retail investors needed a minimum of two lots, or 2,400 shares, costing Rs 2.66 lakh, so the paper loss on that minimum application is only about Rs 1,700 at the listing price.

About the Dove Soft IPO

Dove Soft Limited is a business messaging company whose revenue comes mainly from SMS services, about 89 percent of FY26 revenue from operations, with smaller voice and other services, and it earns most of its revenue in North India. Its top 10 customers made up about 80 percent of FY26 revenue. Promoter holding falls from about 74 percent before the issue to about 54 percent after it. Swastika Investmart was the book running lead manager and Purva Sharegistry is the registrar. Investors weighing the Dove Soft IPO listing should note this customer concentration.

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Dove Soft Financials

Here is how the company has performed financially, useful context for anyone checking the Dove Soft share price today after the Dove Soft IPO listing.

Year Ended 31 Mar 2026 (Rs cr.) 31 Mar 2025 (Rs cr.) 31 Mar 2024 (Rs cr.)
Revenue from Operations 273.98 187.74 119.73
Profit After Tax 23.40 16.54 10.27

Explanation
Revenue from operations more than doubled over two years to Rs 273.98 crore in FY26, and profit after tax rose to Rs 23.40 crore from Rs 10.27 crore in FY24, a PAT margin of about 8.5 percent. Messaging is a high volume, low margin business that depends on a few large customers and on regulation of telecom messaging, which helps explain the flat debut at the Dove Soft IPO listing despite fast growth.

Grey market premium (GMP) is an unofficial, unregulated indicator for the Dove Soft IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data around the Dove Soft IPO listing can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

FAQs

What was the Dove Soft IPO listing price?

Ans. Dove Soft shares listed at Rs 110.30 on the BSE SME platform, a 0.63 percent discount to the Rs 111 issue price.

Was the Dove Soft IPO listing a premium or a discount?

Ans. It was a marginal discount listing, close to flat.

How much was the Dove Soft IPO subscribed?

Ans. The IPO drew a modest response, with the six SME issues closing on 5 October subscribed between about 1.06 times and 2.32 times overall.

What is the issue price of the Dove Soft IPO?

Ans. The issue price was fixed at Rs 111 per share, the top of the Rs 104 to Rs 111 price band.

What is the lot size of the Dove Soft IPO?

Ans. The lot size was 1,200 shares, and retail investors needed a minimum of two lots, or 2,400 shares, costing about Rs 2,66,400.

Who is the registrar for the Dove Soft IPO?

Ans. Purva Sharegistry (India) Private Limited is the registrar.

What does Dove Soft do?

Ans. Dove Soft is a business messaging company that earns most of its revenue from SMS services for enterprise customers.

Where can I check the Dove Soft share price today?

Ans. You can check the Dove Soft share price today on the BSE SME platform, or through the Univest platform.

Should I hold shares after the Dove Soft IPO listing?

Ans. That depends on your own risk appetite and time horizon. Worth weighing the fast growth against the thin margins and heavy customer concentration before deciding whether to hold or book profit after the Dove Soft IPO listing.

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Note: This blog is for information purpose only. Investments and trading are subject to market risks, read all scheme related documents carefully.

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