VMPL
Mumbai (Maharashtra) [India], September 30: 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/
(ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same)
Dove Soft Limited IPO Opens Today at ₹104–₹111 Per Share, Company Eyes Next Phase of Growth and Expansion
