Mopshop Distribution
Mopshop Distribution Limited is a leading Facility Management Supplies (FMS) provider specializing in cleaning and hygiene products. The company operates in the facility management sector, supplying a diverse range of consumables and equipment 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
Current GMP
₹0
Est. Listing: ₹138 (0%)
📅 IPO Timeline
✓
Open
Aug 19
2
Close
Aug 21
3
Allotment
Aug 24
4
Refund
Aug 25
5
Demat
Aug 25
6
Listing
Aug 26
✨ AI Analysis & Prediction
+3.0%
predicted listing gain
The predicted listing gain is adjusted downward primarily due to zero institutional (QIB) demand and a low overall subscription rate. While strong ROE/ROCE and a small float provide some support, the lack of professional investor interest and a neutral review outweigh these fundamentals.
💪 Strengths
- Exceptional ROE and ROCE exceeding 50%
- Strong PAT growth from ₹0.81Cr to ₹5.18Cr (Feb 2026)
- Diversified customer base across BFSI and Healthcare
⚠️ Weaknesses
- Zero QIB interest/subscription
- Small overall issue size and market presence
- Lack of listed peers for valuation benchmarking
🚀 Opportunities
- Expansion of facility management services in India
- Integration of solar power to reduce operational costs
- Scalability through online ordering platform
🛡️ Threats
- Intense competition in hygiene and cleaning supplies
- Low liquidity inherent in BSE SME listings
- Economic downturn affecting corporate facility budgets
🎯 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 22, 2026 8:10 AM
💼 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 functional, durable, and affordable products used for the maintenance and management of professional facilities.
Its comprehensive product portfolio includes microfiber cloths, surface disinfectants, sensor-based dispensers, biodegradable garbage bags, tissue papers, pedal bins, wringer buckets, vacuum cleaners, and air fresheners. The business leverages an online ordering platform to streamline the procurement process for its clients.
The company serves a wide array of sectors, including Banking, Financials and Insurance (BFSI), construction, real estate, and healthcare. To date, Mopshop Distribution has expanded its reach to over 300 customers across India, establishing a diverse B2B client base.
Operationally, the company manages its distribution and warehousing from its facility located in Vasai, Palghar, Thane, Maharashtra. The company is currently investing in sustainability and infrastructure, including the setup of a rooftop grid solar power plant at its warehouse.
The company is led by its promoters, Prakash Hakim Singh and Bunty Hakim Singh Gaur, who have steered the organization from its inception in 2018 to its current position as a specialized supplier in the hygiene and facility management space.
Mopshop Distribution is launching a Fixed Price IPO to raise approximately ₹27.26 Crores. The issue comprises a fresh issue of ₹22.08 Crores and an offer for sale (OFS) of 3,75,000 equity shares. The IPO is priced at ₹138 per share with a minimum lot size of 2,000 shares, requiring an application amount 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 debt reduction. Specifically, ₹11.50 Crores will be used for the repayment of outstanding borrowings, ₹2.21 Crores for the purchase of commercial vehicles for logistics, and ₹1.05 Crores for the installation of a rooftop solar power plant at the Vasai facility, alongside general corporate purposes.
Financial performance shows a positive growth trajectory. Revenue increased from ₹30.02 Crore in 2023 to ₹42.00 Crore in 2025, with a further rise to ₹44.66 Crore by February 2026. Profitability has seen a significant jump, with PAT rising from ₹0.81 Crore in 2023 to ₹3.48 Crore in 2025, reaching ₹5.18 Crore by February 2026.
Valuation-wise, the company is priced at a P/E ratio of 22.10 based on FY2025 earnings, with a basic EPS of ₹6.24. Given that there are no direct listed peers for comparison, the valuation is assessed based on internal growth and industry standards. The company boasts an impressive ROE and ROCE both exceeding 50%.
Key strengths include strong capital efficiency, a growing customer base of over 300 clients, and a lean debt-to-equity ratio of 0.48. However, the risk lies in the small scale of operations and the typical liquidity risks associated with the SME exchange.
Investors should view this IPO as a long-term play, as suggested by the financial trends. While the growth in PAT is encouraging, the total lack of QIB interest in the subscription data suggests a cautious sentiment among institutional investors.