Upcoming IPO: SME issue Dove Soft to open for subscription next week; check price band, other key details

As per the latest business developments, SME offering Dove Soft will open for public subscription the week ahead, with the offering scheduled to open on September 30 and close on October 5.

The BSE SME offering has a price range of Rs 104-111 per share. The face value of the equity shares is Rs 10 each.

The firm is looking to mobilize Rs 73.26 crore through a fresh offering of 53.28 lakh shares and an offer for sale of 12.72 lakh shares.

The shares are proposed to be listed on the BSE SME platform on October 8.

Swastika Investmart is the book-running lead manager to the offering, while Purva Sharegistry (India) Pvt Ltd is the registrar.

Incorporated in 2011, Dove Soft is an integrated provider of cloud communications solutions in India, commonly known as a Communications Platform as a Service (CPaaS) provider.

The firm provides services to enterprises and over-the-top (OTT) platforms, including transactional SMS, WhatsApp messaging solutions, voice services, automated voice call solutions, email communication and various digital products.