Dove Soft IPO 87% Subscribed by Day 2: What Makes This Profitable CPaaS Player an Interesting Investor Proposition
India, Oct. 5 -- Dove Soft Limited is raising around Rs. 73.26 crore through its book-built SME IPO. The issue comprises a fresh issue of 53.28 lakh shares worth around Rs. 59.14 crore and an offer for sale of 12.72 lakh shares worth around Rs. 14.12 crore. The shares are proposed to be listed on the BSE SME platform. The price band has been fixed at Rs. 104 to Rs. 111 per share, with a face value of Rs. 10.
The lot size is 1,200 shares, while a retail investor applying for two lots, or 2,400 shares, would need approximately Rs. 2.66 lakh at the upper price band. The IPO opened on September 30, 2026, and closed on October 5, with allotment expected on October 6 and listing scheduled for October 8.
Unlike a pure offer for sale, most of ...
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