Dove Soft Limited IPO

Listed 08 Oct 2026, 1.36× subscribed, on the SME platform.

ListedSME· exchange
Subscribed
1.36×
1,260 applications
Price band
₹104 – ₹111
Minimum bid
₹2,66,400
2,400 shares, 2 lots
Issue size
—
not in the exchange feed
Listing gain
—
opened at ₹110.30
No verdict · needs 3 of 7 dimensions

Dates

Issuer's timetable, IST.

  1. 30 Sept
    Bidding opens
  2. 5 Oct
    Bidding closes
    Retail UPI mandates by 5 pm IST
  3. 6 Oct
    Allotment
    Status from PURVA SHAREGISTRY INDIA PRIVATE LIMITED
  4. 8 Oct
    Listing
    SME platform
  1. 30 Sept
    Bidding opens
  2. 5 Oct
    Bidding closes
    Retail UPI mandates by 5 pm IST
  3. 6 Oct
    Allotment
    Status from PURVA SHAREGISTRY INDIA PRIVATE LIMITED
  4. 8 Oct
    Listing
    SME platform

Demand and allotment odds

Times subscribed by investor category, one shared scale

· NSE · BSE
  • InstitutionsQIB
    1.00×
  • Non-institutionalNII
    1.87×
  • Above ₹10 lakhbNII
    2.99×
  • ₹2–10 lakhsNII
    0.21×
  • RetailRII
    0.81×

Max 3.0×; tick = 1× (fully subscribed). 1,260 applications.

Retail, 2 lots0.81× subscribed
Full allotment
Minimum 2 lots, 2,400 shares, ₹2,66,400 blocked
How this is worked out

The retail portion is under-subscribed at 0.81×, so every valid application should receive a full allotment.

HNI / NII1.87× subscribed
~1 in 1.9
Minimum 3 lots, 3,600 shares, ₹3,99,600 blocked
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
₹2,66,400
2 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%
Reservation by investor category
CategorySharesShare of issue
QIB64,8000.98%
NII (HNI)30,70,80046.53%
bNII > ₹10L20,48,40031.04%
sNII < ₹10L10,22,40015.49%
Retail31,34,40047.49%
Market Maker3,30,0005.00%

Total issue 66,00,000 shares. Indented rows sit inside the row above.

What each category may bid

Individual investors (IND) (Min)
₹2,66,400
2 lots, 2,400 shares
Individual investors (IND) (Max)
₹2,66,400
2 lots, 2,400 shares
S-HNI (Min)
₹3,99,600
3 lots, 3,600 shares
S-HNI (Max)
₹9,32,400
7 lots, 8,400 shares
B-HNI (Min)
₹10,65,600
8 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.

Median listing gain
unchanged 0.0%
Opened above issue
3 of 8
Largest
up +90.0%
Maxwell Engineering Solutions Limited
Weakest
down minus 5.9%
Eventions Limited
Comparable listings
IssueSubscribedListing gainListing gain bar
Vedant Poly Fabs Limited1.9×unchanged 0.0%
Maxwell Engineering Solutions Limited491×up +90.0%
HGS (India) Limited231×up +33.3%
Ravita Engineering Services Limited6.7×unchanged 0.0%
Vaibhav Vyapaar Limited3.1×down minus 2.0%
R.K. Fashion Accessories Limited2.6×down minus 2.4%
Eventions Limited2.3×down minus 5.9%
Papadmalji Agro Foods Limited2.5×up +0.4%

Different companies at different prices. Bars share one scale (full = 90%).

Offer documents

Primary sources.

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.