Mopshop Distribution
Mopshop Distribution Limited is a leading provider of Facility Management Supplies (FMS) specializing in cleaning and hygiene products. The company operates in the facility management sector, supplying durable and affordable maintenance tools to various industries across India.
Price Band
₹138 - ₹138
Lot Size
2000 Shares
Issue Size
₹27.26 Cr
Fresh Issue
₹22.08 Cr
OFS
₹5.18 Cr
Registrar
AI Sentiment Score
Listing Price
₹137.00
vs Issue: ₹138 (-0.72%)
📅 IPO Timeline
✓
Open
Aug 19
✓
Close
Aug 21
✓
Allotment
Aug 24
✓
Refund
Aug 25
✓
Demat
Aug 25
✓
Listing
Aug 26
✨ AI Analysis & Prediction
+3.5%
predicted listing gain
The listing gain is adjusted downwards primarily due to the complete absence of QIB institutional demand (0.0x) and a very low GMP. While strong ROE and a small float provide a slight cushion, the lack of institutional backing and neutral review suggest a flat to slightly negative listing.
💪 Strengths
- Exceptionally high ROE and ROCE exceeding 50%
- Strong growth trend in PAT from 2023 to 2026
- Diversified customer base across BFSI and Healthcare
⚠️ Weaknesses
- Zero institutional (QIB) interest in the subscription phase
- Relatively small absolute profit figures
🚀 Opportunities
- Expansion of logistics via new commercial vehicles
- Reducing operational costs through solar energy adoption
🛡️ Threats
- High competition in the facility management supplies market
- Dependence on a few key promoter figures
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Repayment of all or a portion of certain outstanding borrowings availed by the Company | ₹11.50 |
| Purchase of Commercial Vehicles for transportation and logistical purposes | ₹2.21 |
| Funding of capital expenditure requirement towards setting up of Rooftop Grid Solar Power Plant at the Warehousing Facility located at Vasai, Palghar, Thane 401208 | ₹1.05 |
| General Corporate Purpose | TBD |
| Offer Related Expenses | TBD |
📊 Financial Overview
| Metric | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue (₹ Cr) | Rs 29.94 Cr | Rs 37.78 Cr | Rs 41.83 Cr |
| Net Profit / PAT (₹ Cr) | Rs 0.81 Cr | Rs 1.42 Cr | Rs 3.48 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 1.39 Cr | Rs 2.91 Cr | Rs 6.14 Cr |
| Borrowings (₹ Cr) | Rs 3.92 Cr | Rs 6.59 Cr | Rs 5.14 Cr |
| Total Assets (₹ Cr) | Rs 13.51 Cr | Rs 18.12 Cr | Rs 23.64 Cr |
| ROCE % | 46.47% | 37.87% | 55.73% |
Company P/E
22.1x
Debt/Equity
0.48
📋 Live Subscription Status
QIB
0.00x
NII
0.27x
Retail
2.91x
Total
1.59x
Updated: Aug 26, 2026 5:01 PM
💼 Reservation Quota
QIB
0.00%
Retail
50.00%
NII
50.00%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
Founded in 2018, Mopshop Distribution Limited has evolved into a prominent player in the Facility Management Supplies (FMS) industry. The company focuses on providing high-quality, functional, and affordable products used for the maintenance and management of professional facilities.
Their comprehensive product portfolio includes a wide array of hygiene and cleaning tools such as microfiber cloths, surface disinfectants, sensor-based dispensers, and biodegradable garbage bags. They also provide hardware like pedal bins, wringer buckets, vacuum cleaners, and tool kits, ensuring a one-stop-shop experience for facility managers.
The company serves a diverse client base across critical sectors, including Banking, Financials and Insurance (BFSI), healthcare, real estate, and professional facility management firms. To date, Mopshop has successfully supplied its products to over 300 customers throughout India.
Operationally, the company leverages a modern business model by utilizing an online ordering platform to streamline distribution and reach. Their warehouse facility is located in Vasai, Palghar, Thane, Maharashtra, which serves as the central hub for their logistics.
The company is led by its promoters, Prakash Hakim Singh and Bunty Hakim Singh Gaur, who have steered the firm from its inception in 2018 to its current scale as an SME IPO candidate.
Mopshop Distribution is launching a fixed-price IPO to raise approximately ₹27.26 crore. The issue is structured with a fresh issue component of ₹22.08 crore and an offer for sale (OFS) of 3,75,000 equity shares. The IPO price is set at ₹138 per share, with a minimum lot size of 2,000 shares requiring an investment of ₹2,76,000. The issue opens on August 19, 2026, and closes on August 21, 2026, with listing scheduled for August 26, 2026, on the BSE SME platform.
The proceeds from the fresh issue are earmarked for strategic growth and liability management. Specifically, ₹11.50 crore will be used for the repayment of outstanding borrowings, ₹2.21 crore for the purchase of commercial vehicles to enhance logistics, and ₹1.05 crore for the installation of a rooftop grid solar power plant at their Vasai warehouse.
Financial performance shows a steady upward trajectory. Revenue grew from ₹30.02 crore in 2023 to ₹42.00 crore in 2025, with a further increase to ₹44.66 crore by February 2026. Net profit (PAT) has seen significant growth, rising from ₹0.81 crore in 2023 to ₹3.48 crore in 2025, and reaching ₹5.18 crore by February 2026.
From a valuation perspective, the company is priced at a P/E ratio of 22.10 based on FY2025 earnings, with a basic EPS of ₹6.24. There are no direct listed peers provided for a relative valuation gap analysis, though the company boasts an impressive ROE of 51.56% and ROCE of 50.12%.
Key investment strengths include the strong growth in profitability and a healthy return on equity. However, risks include the relatively small scale of operations and the neutral sentiment from analysts. With 0% QIB reservation, the issue relies heavily on NII and Retail appetite.
Overall, the IPO presents a growth story in the FMS sector with strong internal returns. Investors may view this as a long-term play given the company's scaling revenues and profit margins, though the immediate listing pop appears limited based on current demand indicators.