Mopshop Distribution IPO was a fixed-price SME public issue of Mopshop Distribution Limited. The company offered 19,75,000 equity shares with a face value of ₹10 each at a fixed issue price of ₹138 per share. The total issue size was approximately ₹27.26 crore, comprising a fresh issue of 16,00,000 equity shares aggregating to ₹22.08 crore and an offer for sale of 3,75,000 equity shares.
The IPO opened for subscription on August 19, 2026, and closed on August 21, 2026. The basis of allotment was finalised on August 24, refunds were initiated on August 25, and the shares were scheduled to list on the BSE SME platform on August 26, 2026.
Mopshop Distribution operates in the facility management supplies segment. The company follows a B2B business model and supplies cleaning tools, hygiene consumables and related products to customers across industries such as BFSI, construction and real estate, healthcare and facility management.
The company’s product portfolio includes microfiber cloths, surface disinfectants, sensor-based dispensers, biodegradable garbage bags, tissue papers, pedal bins, wringer buckets, vacuum cleaners, air fresheners, tool kits and related accessories. The company has developed an online ordering platform to support its distribution operations.
Mopshop Distribution IPO Details
| Information | Details |
|---|---|
| IPO Name | Mopshop Distribution IPO |
| Company Name | Mopshop Distribution Limited |
| IPO Type | Fixed Price Issue |
| IPO Category | SME IPO |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹138 Per Share |
| Issue Size | Approx. ₹27.26 Crore |
| Fresh Issue | 16,00,000 Equity Shares |
| Fresh Issue Amount | ₹22.08 Crore |
| Offer for Sale | 3,75,000 Equity Shares |
| IPO Open Date | 19 August 2026 |
| IPO Close Date | 21 August 2026 |
| Basis of Allotment | 24 August 2026 |
| Refund Date | 25 August 2026 |
| Demat Credit | 25 August 2026 |
| Listing Date | 26 August 2026 |
| Listing Exchange | BSE SME |
| Lot Size | 1,000 Shares |
| Minimum Retail Application | 2 Lots / 2,000 Shares |
| Minimum Investment | ₹2,76,000 |
| Lead Manager | Khandwala Securities Limited |
| Registrar | Cameo Corporate Services Limited |
The issue consisted of 19,75,000 shares, including the market-maker portion. The net issue was divided between retail individual investors and non-institutional investors.
Mopshop Distribution IPO Dates
| IPO Event | Date |
|---|---|
| IPO Opening Date | 19 August 2026 |
| IPO Closing Date | 21 August 2026 |
| Basis of Allotment | 24 August 2026 |
| Refund Initiation | 25 August 2026 |
| Shares Credited to Demat | 25 August 2026 |
| Listing Date | 26 August 2026 |
The IPO schedule places the allotment three days after the issue closes, followed by refunds and demat credit before the proposed BSE SME listing.
Mopshop Distribution IPO Reservation
Mopshop Distribution IPO was structured with allocations for retail investors and non-institutional investors, along with the market-maker portion.
| Investor Category | Shares Offered | Approx. Allocation |
|---|---|---|
| Qualified Institutional Buyers | Nil | 0% |
| Non-Institutional Investors | 9,38,000 | 47.49% of Total Issue |
| Retail Individual Investors | 9,38,000 | 47.49% of Total Issue |
| Market Maker | 99,000 | 5.01% |
| Total | 19,75,000 | 100% |
The issue did not have a QIB allocation. The NII and retail categories each received 9,38,000 shares, while 99,000 shares were reserved for the market maker.
Mopshop Distribution IPO Lot Size
The IPO market lot was 1,000 shares. Since the issue price was ₹138 per share, one lot represented an application value of ₹1,38,000. Retail investors were required to apply for a minimum of two lots, or 2,000 shares, resulting in a minimum investment of ₹2,76,000.
| Application | Lots | Shares | Amount at ₹138 |
|---|---|---|---|
| Retail Minimum | 2 Lots | 2,000 Shares | ₹2,76,000 |
| Retail Maximum | 2 Lots | 2,000 Shares | ₹2,76,000 |
| S-HNI Minimum | 3 Lots | 3,000 Shares | ₹4,14,000 |
About Mopshop Distribution Limited
Mopshop Distribution Limited was incorporated in 2018 and operates in the facility management supplies industry. The company is headquartered in Vasai, Maharashtra, and follows a B2B model focused on supplying cleaning and hygiene products to businesses.
The company was originally incorporated as Mopshop Distribution Private Limited. It was subsequently converted into a public company and renamed Mopshop Distribution Limited in July 2025.
Its business serves customers across several industries, including banking, financial services and insurance, construction, real estate, healthcare and facility management companies. The company has supplied its products to more than 300 customers across India.
The company uses a customised online order management platform and operates a distribution network supported by warehouses in multiple Indian cities.
Business Operations
Mopshop Distribution’s business is centred around facility management supplies and B2B distribution.
- Cleaning Products: Supply of products used for routine cleaning and maintenance.
- Hygiene Consumables: Distribution of consumables required by commercial and institutional customers.
- Microfiber Products: Supply of microfiber cleaning cloths.
- Surface Disinfectants: Products for cleaning and disinfection requirements.
- Sensor-Based Dispensers: Hygiene and dispensing equipment.
- Biodegradable Garbage Bags: Environment-focused waste-disposal products.
- Tissue Products: Supply of tissue papers for commercial facilities.
- Cleaning Equipment: Products such as vacuum cleaners and wringer buckets.
- Air Fresheners: Facility-use fragrance and air-care products.
- Tool Kits: Cleaning and facility maintenance accessories.
- Online Ordering: Digital platform for customer ordering and order management.
- B2B Distribution: Direct supply to businesses and institutional customers.
The company combines product distribution with technology-enabled order management to support its customer base.
Industry Overview
Facility management supplies form an important part of the commercial and institutional services ecosystem. Offices, hospitals, hotels, industrial facilities, educational institutions and other commercial establishments require regular supplies for cleaning, hygiene and routine maintenance.
The B2B facility management market includes a broad range of products, from cleaning consumables to equipment and related accessories. Customers generally value product availability, consistent quality, pricing, delivery reliability and the ability to manage recurring orders efficiently.
Digital ordering systems can improve the procurement process by allowing customers to place and manage orders more conveniently. A distribution business with multiple warehouses can also improve delivery coverage and reduce dependence on a single geographic market.
However, the segment remains competitive. Suppliers need to maintain product availability, competitive pricing, efficient logistics and customer relationships. Changes in raw-material prices, transportation costs and customer procurement practices can affect margins.
Business Strategy
Mopshop Distribution intends to strengthen its operational infrastructure and reduce financial and logistical constraints through the IPO proceeds.
A substantial portion of the fresh issue is proposed to be used toward repayment of outstanding borrowings. The objective is to reduce existing debt and associated finance costs while improving the company’s financial position.
The company also plans to purchase commercial vehicles, including vehicles for transportation and logistics requirements. This can support last-mile connectivity and reduce dependence on third-party transportation providers.
Another proposed use of funds is capital expenditure for a rooftop grid solar power plant at the company’s warehousing facility in Vasai, Palghar.
These initiatives are intended to improve logistics, reduce certain operating dependencies and strengthen the company’s infrastructure.
Mopshop Distribution IPO Financial Information
Mopshop Distribution has reported consistent growth in revenue and profitability over the last three financial years.
Revenue from operations increased from ₹30.02 crore in FY2023 to ₹37.85 crore in FY2024 and ₹41.99 crore in FY2025. Profit after tax increased from ₹0.81 crore in FY2023 to ₹1.42 crore in FY2024 and ₹3.48 crore in FY2025.
The company also reported ₹44.66 crore of total income and ₹5.18 crore of PAT for the eleven-month period ended February 2026.
Mopshop Distribution Financial Summary
| Particulars | FY2023 | FY2024 | FY2025 | Feb 2026 |
|---|---|---|---|---|
| Revenue from Operations | ₹30.02 Crore | ₹37.85 Crore | ₹41.99 Crore | ₹44.60 Crore |
| Total Income | ₹30.02 Crore | ₹37.86 Crore | ₹42.00 Crore | ₹44.66 Crore |
| Total Expenses | ₹28.93 Crore | ₹35.97 Crore | ₹37.32 Crore | ₹37.75 Crore |
| Profit Before Tax | ₹1.09 Crore | ₹1.89 Crore | ₹4.68 Crore | ₹6.91 Crore |
| Profit After Tax | ₹0.81 Crore | ₹1.42 Crore | ₹3.48 Crore | ₹5.18 Crore |
| Total Assets | ₹13.41 Crore | ₹17.80 Crore | ₹23.64 Crore | ₹37.80 Crore |
| Net Worth | ₹1.25 Crore | ₹2.92 Crore | ₹6.74 Crore | ₹11.92 Crore |
| Borrowings | ₹3.92 Crore | ₹6.59 Crore | ₹5.14 Crore | ₹12.21 Crore |
The February 2026 figures represent the eleven-month period and should not be directly treated as a full-year FY2026 comparison.
Mopshop Distribution IPO Key Performance Indicators
| KPI | FY2025 |
|---|---|
| ROE | 51.56% |
| ROCE | 50.12% |
| EBITDA Margin | 14.64% |
| PAT Margin | 8.28% |
| Debt-to-Equity Ratio | 0.48x |
| Basic EPS | ₹6.24 |
| NAV | ₹12.11 |
| P/E Ratio | 22.10x |
The reported FY2025 ratios indicate strong returns on equity and capital, while the debt-to-equity ratio was 0.48x.
Mopshop Distribution IPO Valuation
The IPO was offered at a fixed price of ₹138 per equity share.
Based on FY2025 earnings, the reported EPS was ₹6.24 and the P/E ratio was approximately 22.10x. The reported NAV was ₹12.11 per share.
| Particular | Details |
|---|---|
| Issue Price | ₹138 |
| Face Value | ₹10 |
| FY2025 EPS | ₹6.24 |
| FY2025 NAV | ₹12.11 |
| P/E Ratio | 22.10x |
| ROE | 51.56% |
| ROCE | 50.12% |
| EBITDA Margin | 14.64% |
| PAT Margin | 8.28% |
| Debt-to-Equity | 0.48x |
Investors should evaluate the valuation alongside the company’s revenue growth, profitability, debt levels, working-capital requirements and the competitive nature of the facility management supplies market.
Objects of the Mopshop Distribution IPO
The company proposed several uses for the IPO proceeds.
| Purpose | Amount / Details |
|---|---|
| Repayment of Outstanding Borrowings | Approx. ₹11.50–12 Crore |
| Purchase of Commercial Vehicles | ₹2.21 Crore |
| Rooftop Grid Solar Power Plant | ₹1.05 Crore |
| General Corporate Purposes | As specified |
| Offer Related Expenses | As specified |
The proposed debt repayment is intended to reduce borrowing and finance costs. The commercial-vehicle purchase is aimed at strengthening transportation and logistics capabilities, while the solar project is planned for the company’s warehousing facility.
Mopshop Distribution IPO GMP
Grey Market Premium is an unofficial market indicator and is not regulated by stock exchanges. It should not be treated as a guaranteed listing price.
The reported GMP fluctuated considerably during the IPO period and subsequently moved close to ₹1 after the subscription closed.
| Date | Reported GMP |
|---|---|
| 14 August 2026 | ₹11 |
| 15 August 2026 | ₹9 |
| 16 August 2026 | ₹11 |
| 17 August 2026 | ₹18 |
| 18 August 2026 | ₹22 |
| 19 August 2026 | ₹6 |
| 20 August 2026 | ₹0 |
| 21 August 2026 | ₹2 |
| 23 August 2026 | ₹0 |
| 24 August 2026 | ₹1 |
The movement in GMP indicates that unofficial market sentiment weakened considerably toward the end of the IPO period. GMP should therefore be considered only as an informal market indicator and not as an investment recommendation.
Mopshop Distribution IPO Subscription Status
Mopshop Distribution IPO received 1.59 times overall subscription based on the final subscription data reported after the issue closed.
The retail category received the strongest demand, with 2.91 times subscription, while the NII category was subscribed 0.34 times in the final reported figures.
| Investor Category | Subscription |
|---|---|
| QIB | 0.00x |
| Retail Individual Investors | 2.91x |
| Non-Institutional Investors | 0.34x |
| Total Subscription | 1.59x |
Mopshop Distribution IPO Day-Wise Subscription
| Day | NII | Retail | Total |
|---|---|---|---|
| Day 1 | 0.12x | 1.44x | 0.78x |
| Day 2 | 0.06x | 2.09x | 1.07x |
| Day 3 | 0.27x | 2.91x | 1.59x |
The retail category crossed the one-time subscription mark on the first day and reached 2.91x by the end of the issue. Overall subscription increased to 1.59x.
Mopshop Distribution IPO Listing Performance
Mopshop Distribution shares were scheduled to list on the BSE SME platform on August 26, 2026. The issue price was ₹138 per share.
As of the available information before the listing price was confirmed, a final listing price should not be invented. The listing price and first-day trading performance should be updated only after confirmed exchange data becomes available.
| Particular | Value |
|---|---|
| Listing Exchange | BSE SME |
| Listing Date | 26 August 2026 |
| Issue Price | ₹138 Per Share |
| Listing Price | To be confirmed by exchange |
| Listing Gain | To be confirmed |
| Listing Gain (%) | To be confirmed |
Mopshop Distribution IPO Review
Mopshop Distribution operates in a relatively essential business segment, supplying cleaning and hygiene products to commercial and institutional customers. Its B2B model provides exposure to recurring facility-management requirements across sectors including BFSI, healthcare, construction, real estate and professional facility management.
The company has demonstrated revenue growth over the recent financial periods. Revenue increased from ₹30.02 crore in FY2023 to ₹41.99 crore in FY2025, while PAT increased from ₹0.81 crore to ₹3.48 crore during the same period.
The February 2026 eleven-month period also showed ₹44.66 crore in total income and ₹5.18 crore in PAT, although these figures should not be directly compared with a full financial year without appropriate annualisation.
Another positive factor is the company’s geographic expansion. Its distribution infrastructure has expanded beyond its original market, with warehouses across multiple cities and an online order management platform supporting the business.
The IPO proceeds are also directed toward reducing debt, purchasing commercial vehicles and establishing a rooftop solar plant. Debt repayment could reduce finance costs, while owning additional transportation assets could provide greater control over logistics.
However, investors should consider the company’s relatively small scale and SME status. The business operates in a competitive distribution market where pricing, procurement efficiency, logistics costs and customer relationships can directly affect profitability.
Borrowings also increased to ₹12.21 crore as of February 2026 from ₹5.14 crore at March 2025. This makes the proposed debt-repayment component of the IPO particularly relevant to the company’s financial structure.
The issue valuation also requires consideration. The reported FY2025 P/E was approximately 22.10x, while the company reported strong ROE and ROCE. Investors should assess whether future earnings growth can justify the valuation.
Overall, Mopshop Distribution has a focused B2B facility-management supplies business, an expanding distribution network, improving profitability and plans to strengthen its logistics and financial position. At the same time, investors should carefully monitor margins, working capital, borrowings, customer concentration, competition and the company’s ability to sustain growth.
Mopshop Distribution IPO Strengths
- Established facility management supplies business.
- B2B business model serving multiple industries.
- Products address recurring cleaning and hygiene requirements.
- Customer base of more than 300 businesses.
- Presence across multiple Indian locations.
- Online order management platform supports digital ordering.
- Revenue increased from ₹30.02 crore in FY2023 to ₹41.99 crore in FY2025.
- PAT increased from ₹0.81 crore in FY2023 to ₹3.48 crore in FY2025.
- February 2026 eleven-month PAT reached ₹5.18 crore.
- Reported FY2025 ROE of 51.56%.
- Reported FY2025 ROCE of 50.12%.
- Proposed debt repayment could reduce finance costs.
- Commercial-vehicle purchase can strengthen logistics capabilities.
- Planned rooftop solar project can support the company’s warehousing infrastructure.
Mopshop Distribution IPO Risk Factors
- The company operates in a competitive facility-management supplies market.
- SME shares can experience higher volatility and lower liquidity.
- The business depends on efficient procurement and distribution.
- Rising transportation costs can affect margins.
- Working-capital requirements can increase as sales grow.
- Borrowings increased to ₹12.21 crore as of February 2026.
- Customer concentration may affect business continuity if major customers are lost.
- Product pricing pressure can reduce margins.
- Competition from larger distributors can affect market share.
- Expansion into additional locations requires operational execution.
- Maintaining an online ordering platform requires continued technology investment.
- Future profitability may not grow at the same pace as recent periods.
- The valuation needs to be assessed against sustainable future earnings.
- Changes in customer procurement practices could affect demand.
- The business is dependent on consistent product availability and timely delivery.
Mopshop Distribution IPO Promoters
The promoters of Mopshop Distribution Limited are Prakash Hakim Singh and Bunty Hakim Singh Gaur. The promoter and promoter-group holding was reported at approximately 99.99% before the issue, with post-issue promoter holding reported at approximately 72.57%.
| Promoter | Status |
|---|---|
| Prakash Hakim Singh | Promoter |
| Bunty Hakim Singh Gaur | Promoter |
The reduction in promoter ownership is primarily due to dilution following the fresh issue and the overall post-issue capital structure.
Mopshop Distribution IPO Lead Manager Details
| Particular | Details |
|---|---|
| Lead Manager | Khandwala Securities Limited |
| Role | Book Running Lead Manager |
| Listing Exchange | BSE SME |
Khandwala Securities Limited acted as the book-running lead manager for the issue.
Mopshop Distribution IPO Registrar Details
| Particular | Details |
|---|---|
| Registrar | Cameo Corporate Services Limited |
| Role | Registrar to the Issue |
| Phone | 044-28460390 / 044-28460391 / 044-28460392 |
| [email protected] |
Cameo Corporate Services Limited acted as the registrar to the issue and handled the IPO allotment process.
Mopshop Distribution Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Mopshop Distribution Limited |
| Registered Office | Gala No. C/7, Sagar Industrial Estate 1, Near Parabwa Chinchoti, Kol., Vasai Palghar, Thane, Maharashtra – 401208 |
| Phone | +91 9028089132 |
| [email protected] | |
| Website | mopshop.in |
The company’s registered office is located in the Vasai-Palghar region of Maharashtra.
How to Check Mopshop Distribution IPO Allotment Status
Investors who applied for the Mopshop Distribution IPO can check their allotment status through the registrar or the BSE platform.
Through Cameo Corporate Services
- Open the IPO allotment facility.
- Select Mopshop Distribution Limited.
- Choose the applicable identification option.
- Enter the PAN or application details.
- Complete the required verification.
- Submit the details to view the allotment status.
Through BSE
Investors can also use the BSE application-status facility and enter the required IPO application information.
The allotment was scheduled for August 24, 2026, followed by refunds and demat credit on August 25. The BSE SME listing was scheduled for August 26, 2026.
Mopshop Distribution IPO Conclusion
Mopshop Distribution IPO offered investors exposure to a B2B facility-management supplies company operating across cleaning, hygiene and related consumable categories.
The company has built a customer base across several industries and uses a digital ordering platform alongside its distribution network. Its revenue increased from ₹30.02 crore in FY2023 to ₹41.99 crore in FY2025, while PAT increased from ₹0.81 crore to ₹3.48 crore.
The February 2026 eleven-month period reported total income of ₹44.66 crore and PAT of ₹5.18 crore, showing continued growth in the business.
The IPO proceeds are intended to repay borrowings, purchase commercial vehicles, establish a rooftop solar power plant and meet general corporate requirements. These initiatives could strengthen the company’s financial and operational infrastructure.
The issue received 1.59 times overall subscription, led by retail demand of 2.91 times.
The shares were scheduled for BSE SME listing on August 26, 2026. Since the confirmed exchange listing price was not available in the information reviewed, no unsupported listing price or gain has been included here.
For long-term evaluation, investors should monitor revenue growth, margins, working capital, borrowings, customer concentration, logistics efficiency and the company’s ability to maintain profitability while expanding its distribution network.
Mopshop Distribution IPO FAQs
What is Mopshop Distribution IPO?
Mopshop Distribution IPO was a fixed-price SME public issue of Mopshop Distribution Limited comprising 19,75,000 equity shares.
What was the Mopshop Distribution IPO price?
The IPO was offered at a fixed price of ₹138 per equity share.
What was the Mopshop Distribution IPO issue size?
The total issue size was approximately ₹27.26 crore, comprising a fresh issue of ₹22.08 crore and an offer for sale of 3,75,000 shares.
What was the Mopshop Distribution IPO lot size?
The lot size was 1,000 shares. Retail investors had to apply for a minimum of two lots, or 2,000 shares, requiring ₹2,76,000.
When was the Mopshop Distribution IPO allotment date?
The IPO allotment was scheduled for August 24, 2026.
When was the Mopshop Distribution IPO listing date?
Mopshop Distribution shares were scheduled to list on the BSE SME platform on August 26, 2026.
What was the Mopshop Distribution IPO subscription status?
The IPO received approximately 1.59 times overall subscription, with retail investors subscribing 2.91 times and the NII category at 0.34 times in the final reported data.
What was the Mopshop Distribution IPO GMP?
The reported GMP moved close to ₹1 after the IPO subscription ended. GMP is unofficial and does not guarantee the listing price.
What does Mopshop Distribution Limited do?
Mopshop Distribution supplies facility-management products such as cleaning tools, hygiene consumables, disinfectants, dispensers, tissue products, garbage bags, vacuum cleaners and related accessories through a B2B distribution model.
Who are the promoters of Mopshop Distribution?
The promoters are Prakash Hakim Singh and Bunty Hakim Singh Gaur.
