Dove Soft’s IPO Countdown Begins, Investors Get A ₹104–₹111 Price Band Ahead Of September 30 Opening

Dove Soft Limited, a cloud communications company founded in 2011, is set to launch its ₹73.26 crore initial public offering (IPO) on September 30. The BSE SME issue has a price band of ₹104–₹111 per share and will remain open until October 5. The IPO comprises 66 lakh shares: a fresh issue of 53.28 lakh shares worth up to ₹59.14 crore and an offer for sale (OFS) of 12.72 lakh shares worth up to ₹14.12 crore.

Dove Soft will receive proceeds from the fresh issue, while the OFS proceeds will go to the selling shareholders. The company plans to use the funds for working capital and general corporate purposes. Retail investors must apply for at least two lots, or 2,400 shares, while non-institutional investors must bid for at least three lots, or 3,600 shares.

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