Dove Soft Limited IPO
Listed 08 Oct 2026, 1.36× subscribed, on the SME platform.
Dates
Issuer's timetable, IST.
- 30 SeptBidding opens
- 5 OctBidding closesRetail UPI mandates by 5 pm IST
- 6 OctAllotmentStatus from PURVA SHAREGISTRY INDIA PRIVATE LIMITED
- 8 OctListingSME platform
- 30 SeptBidding opens
- 5 OctBidding closesRetail UPI mandates by 5 pm IST
- 6 OctAllotmentStatus from PURVA SHAREGISTRY INDIA PRIVATE LIMITED
- 8 OctListingSME platform
Demand and allotment odds
Times subscribed by investor category, one shared scale
- InstitutionsQIB1.00×
- Non-institutionalNII1.87×
- Above ₹10 lakhbNII2.99×
- ₹2–10 lakhsNII0.21×
- RetailRII0.81×
Max 3.0×; tick = 1× (fully subscribed). 1,260 applications.
How this is worked out
The retail portion is under-subscribed at 0.81×, so every valid application should receive a full allotment.
How this is worked out
HNI is 1.87× subscribed. This category is allotted proportionately, so a bid receives roughly 1/1.9 of the shares applied for, subject to the minimum-lot draw.
From SEBI allotment rules. Retail is a lottery on the minimum (2 lots); more lots do not raise the odds.
The offering
Terms, and valuation at the upper band.
Terms
- Price band
- ₹104 – ₹111
- Face value
- ₹10.00
- Lot size
- 1,200 shares
- Minimum application
- ₹2,66,4002 lots at the upper band
- Total issue size
- —
- Anchor investors
- None
- Registrar
- PURVA SHAREGISTRY INDIA PRIVATE LIMITED
- Lead managers
- Swastika Investmart Limited
- ISIN
- INE0NXJ01016
Company and valuation
- P/E at upper band
- —
- ROE, latest period
- 33.12%
- ROCE, latest period
- 42.14%
- Debt/Equity, latest period
- 0.13
- PAT Margin, latest period
- 8.81%
- EBITDA Margin, latest period
- 12.86%
- NAV, latest period
- 35.02
- P/B (x), latest period
- 3.17
“Latest period” rows can be a part year, so ratios there may read low.
Who gets what
Split by investor category, and minimum bids.
- QIB1.0%
- NII (HNI)46.5%
- Retail47.5%
- Market Maker5.0%
| Category | Shares | Share of issue |
|---|---|---|
| QIB | 64,800 | 0.98% |
| NII (HNI) | 30,70,800 | 46.53% |
| bNII > ₹10L | 20,48,400 | 31.04% |
| sNII < ₹10L | 10,22,400 | 15.49% |
| Retail | 31,34,400 | 47.49% |
| Market Maker | 3,30,000 | 5.00% |
Total issue 66,00,000 shares. Indented rows sit inside the row above.
What each category may bid
- Individual investors (IND) (Min)
- ₹2,66,4002 lots, 2,400 shares
- Individual investors (IND) (Max)
- ₹2,66,4002 lots, 2,400 shares
- S-HNI (Min)
- ₹3,99,6003 lots, 3,600 shares
- S-HNI (Max)
- ₹9,32,4007 lots, 8,400 shares
- B-HNI (Min)
- ₹10,65,6008 lots, 9,600 shares
Small-HNI minimum is several lots, not one.
What happened to comparable issues
Last 8 listings, most comparable first. Context, not a forecast.
| Issue | Subscribed | Listing gain | Listing gain bar |
|---|---|---|---|
| Vedant Poly Fabs Limited | 1.9× | unchanged 0.0% | |
| Maxwell Engineering Solutions Limited | 491× | up +90.0% | |
| HGS (India) Limited | 231× | up +33.3% | |
| Ravita Engineering Services Limited | 6.7× | unchanged 0.0% | |
| Vaibhav Vyapaar Limited | 3.1× | down minus 2.0% | |
| R.K. Fashion Accessories Limited | 2.6× | down minus 2.4% | |
| Eventions Limited | 2.3× | down minus 5.9% | |
| Papadmalji Agro Foods Limited | 2.5× | up +0.4% |
Different companies at different prices. Bars share one scale (full = 90%).
Offer documents
Primary sources.
- PROSPECTUS30 Sept 2026AnalysisPDF (opens SEBI site in a new tab)
Common questions
How many times is the Dove Soft Limited IPO subscribed?
Dove Soft Limited is subscribed 1.36× overall (QIB 1.00×, NII 1.87×, retail 0.81×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, PURVA SHAREGISTRY INDIA PRIVATE LIMITED.
What is the minimum investment in the Dove Soft Limited IPO?
One lot is 1,200 shares, so a retail application at the ₹111 cut-off price blocks ₹1,33,200. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
When is the Dove Soft Limited IPO allotment date?
Allotment is scheduled for 2026-10-06, with listing on 2026-10-08. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, PURVA SHAREGISTRY INDIA PRIVATE LIMITED.
Source: offer document, NSE and BSE bidding data; allotment basis from the registrar. Grey-market premium is unofficial. For information only, not investment advice: consult a SEBI-registered adviser before applying.

