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:
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:
Dove Soft Ltd.’s revenue increased by 46% and profit after tax (PAT) rose by 42% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 164.40 | 108.99 | 85.56 |
| Total Income | 274.74 | 188.26 | 119.79 |
| Profit After Tax | 23.40 | 16.54 | 10.27 |
| EBITDA | 32.78 | 24.13 | 14.77 |
| NET Worth | 70.69 | 58.28 | 29.99 |
| Reserves and Surplus | 70.18 | 47.04 | 14.80 |
| Total Borrowing | 6.29 | 2.49 | 2.54 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sotefin Bharat Ltd. | SME | ₹89.76 Cr | ₹187 | 14.38 | ₹215.25 | +15.11% | ₹268.05 |
| Mobilise App Lab Ltd. | SME | ₹20.10 Cr | ₹80 | 11.88 | ₹67.30 | -15.88% | ₹103.45 |
| Capillary Technologies India Ltd. | Mainboard | ₹877.50 Cr | ₹577 | 298.93 | ₹606.50 | +5.11% | ₹599.45 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | 46.00 |
| 2 | General Corporate Purposes | |
| Total | 46.00 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 33.12% |
| ROCE | 42.14% |
| Debt/Equity | 0.13 |
| PAT Margin | 8.81% |
| EBITDA Margin | 12.86% |
| NAV | 35.02 |
| Price to Book Value | 3.17 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 12.28 | 9.60 |
| P/E (x) | 9.04 | 11.56 |
| IPO Date | 30 Sep to 5 Oct, 2026 |
| Listing Date | Thu, Oct 8, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹104 to ₹111 |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 66,00,000 shares (agg. up to ₹73 Cr) |
| Reserved for Market Maker | 3,30,000 shares (agg. up to ₹4 Cr) |
| Fresh Issue (Ex Market Maker) | 49,98,000 shares (agg. up to ₹55 Cr) |
| Offer for Sale | 12,72,000 shares of ₹10 (agg. up to ₹14 Cr) |
| Net Offered to Public | 62,70,000 shares (agg. up to ₹70 Cr) |
| Share Holding Pre Issue | 1,90,58,755 shares |
| Share Holding Post Issue | 2,43,86,755 shares |
The promoters of the company are Kurjibhai Rupareliya, Rahul Bhanushali and Sky Occean Infrastructure Ltd..
| Share Holding Pre Issue | 74.32% |
| Share Holding Post Issue | 53.73% |
As per our analysis and Based on the information we have, this is the output.
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