Dove Soft Limited IPO opens today, marking the company’s entry into the public markets and its next phase of growth and expansion
Mumbai, September 30, 2026 : Dove Soft Limited, an integrated cloud
communications and Communications Platform as a Service (CPaaS) provider, today
opened its Initial Public Offering (IPO), with the issue set to remain open
until October 5, 2026.
The IPO comprises a fresh issue of 53.28
lakh equity shares aggregating to ₹59.14 crore and an offer for sale of 12.72
lakh equity shares aggregating to ₹14.12 crore, taking the total issue size to
₹73.26 crore. The price band has been fixed at ₹104–₹111 per equity share, with
the company proposed to be listed on the BSE SME platform.
The fresh issue proceeds will be utilised
towards working capital requirements and general corporate purposes. Swastika
Investmart Ltd. is the Book Running Lead Manager and Market Maker, while Purva
Sharegistry (India) Pvt. Ltd. is the Registrar to the Issue.
Dove Soft has reported strong financial
growth, with revenue from operations rising 46% to ₹273.98 crore in FY2026 from
₹187.74 crore in FY2025. Profit attributable to owners increased by
approximately 42% to ₹22.89 crore during the same period.
Founded in 2011, the company has expanded
from its traditional SMS business into a broader CPaaS offering spanning SMS,
RCS, WhatsApp, Voice, Email and digital services. It is now focusing on
increasing its enterprise business and expanding higher-value communication
channels.
As part of this strategy, Dove Soft has
launched an AI-Native Unified Communication Interface for Enterprise Workflow
Automation, bringing multiple communication channels together with AI-powered
automation, intelligent channel selection and real-time analytics.
The company is targeting a shift from its
current business mix of approximately 90% traditional SMS and 10% new channels
to a 50:50 mix by 2029, with greater contribution expected from RCS, Voice and
AI-enabled communication solutions.
With the IPO, Dove Soft aims to support its
next phase of expansion, strengthen working capital and accelerate the adoption
of its AI-native CPaaS platform across enterprise customers.
About Dove Soft Limited
Dove Soft Limited is an integrated provider
of cloud communications solutions in India, commonly known as a Communications
Platform as a Service (CPaaS) provider. The company offers a wide range of
services across SMS, RCS, Voice, WhatsApp, Email and other digital platforms,
enabling businesses to communicate efficiently with their customers through
reliable and scalable messaging and engagement solutions. With offices and
operations across Mumbai, Ahmedabad, Gurugram and Dubai, Dove Soft serves
enterprises as well as over-the-top (OTT) platforms, offering solutions
including transactional SMS, WhatsApp messaging, voice services, automated
voice call solutions, email communication and various digital products. The
company also offers AI-powered capabilities across its communication solutions,
including AI-enabled automation and workflow-driven customer engagement.
Dove Soft Limited was established in 2011
and has built its business around communication services, expanding its
portfolio over the years across voice, email, messaging and digital
communication channels. The company has also developed a unified communication
platform that brings multiple channels together through a single interface,
with capabilities including AI-powered automation, intelligent channel
selection, real-time analytics and workflow-driven communication.
Dove Soft Limited has a presence across
India and international markets and caters to enterprises and OTT platforms
through its portfolio of communication solutions.
Website - https://dovesoft.io/