Mopshop Distribution IPO is a fixed-price issue of ₹27.26 crores, comprising a fresh issue of 0.16 crore shares worth ₹22.08 crores and an offer for sale of 0.04 crore shares aggregating to ₹5.18 crores. The IPO will open for subscription on Aug 19, 2026, and close on Aug 21, 2026. The allotment is expected to be finalized on Aug 24, 2026, with the shares proposed to be listed on the BSE SME platform on Aug 26, 2026.
The issue price is fixed at ₹138 per share, with a lot size of 1,000 shares. Retail investors must apply for a minimum of 2 lots, or 2,000 shares, requiring an investment of ₹2,76,000. HNI investors need to apply for at least 3 lots, or 3,000 shares, amounting to ₹4,14,000. Khandwala Securities Ltd. is the book-running lead manager, while Cameo Corporate Services Ltd. is acting as the registrar to the issue.
For detailed information on the company’s business, financials, risk factors, and the proposed utilisation of proceeds, investors should refer to the Mopshop Distribution IPO Red Herring Prospectus before making an investment decision.
Company Overview
Incorporated in 2018, Mopshop Distribution Limited operates in the Facility Management Supplies (FMS) segment, offering cleaning and hygiene products to a diverse clientele across India. Its customers include businesses from the Banking, Financial Services and Insurance (BFSI), construction and real estate, and healthcare sectors, along with various facility management companies. The company serves more than 300 clients across multiple locations.
Its product portfolio comprises microfiber cloths, surface disinfectants, sensor-based dispensers, biodegradable garbage bags, tissue papers, pedal bins, wringer buckets, vacuum cleaners, air fresheners, tool kits and other related accessories, focusing on functionality, durability and affordability. Mopshop Distribution facilitates sales through a customised online order management platform developed by a third-party service provider, supported by a dedicated business development team.
As of the relevant period, the company had 115 employees operating across 9 locations, supporting its distribution and business operations.
IPO Details
| Particulars | Details |
|---|---|
| IPO Date | 19 to 21 Aug, 2026 |
| Allotment | Mon, Aug 24, 2026 |
| Listing Date | Wed, Aug 26, 2026 |
| Face Value | ₹10 per share |
| Lot Size | 1,000 Shares |
| Issue Type | Fixed Price IPO |
| Sale Type | Fresh capital cum OFS |
| Total Issue Size | 19,75,000 shares (agg. up to ₹27 Cr) |
| Reserved for Market Maker | 99,000 shares (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 15,01,000 shares (agg. up to ₹21 Cr) |
| Offer for Sale | 3,75,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 18,76,000 shares (agg. up to ₹26 Cr) |
| Shareholding Pre-Issue | 56,00,000 shares |
| Shareholding Post-Issue | 72,00,000 shares |
| Listing Exchange | BSE SME |
(Compiled from RHP and market updates)
Industry Context
- Facility management supplies form the backbone of daily operations across offices, hospitals, malls, schools, hospitality and other built environments, supporting hygiene, safety and service quality.
- The industry has expanded beyond basic cleaning products to include chemicals, mops, dispensers, PPE kits, uniforms, waste bins, tissue dispensers and other workplace essentials.
- Rising outsourcing of non-core operations, increased hygiene awareness and expansion of commercial and institutional infrastructure are driving demand for reliable and scalable supply solutions.
- Facility management companies are increasingly adopting standardized, tech-enabled and integrated supply solutions, while demand for eco-friendly products, reusable materials and sustainable packaging continues to grow.
- India’s expanding network of IT campuses, malls, hospitals and educational institutions is creating demand for organized suppliers capable of providing quality products in bulk, on time and at competitive prices.
Business Strengths
- The company operates across 9 locations, enabling it to serve customers across multiple regions and expand its reach in the growing facility management supplies market.
- Mopshop Distribution uses a customised online order management platform that streamlines the ordering process and provides customers with a convenient digital channel for placing and managing orders.
- The company is led by promoters with experience in the facility management supplies and distribution business, supporting operational execution and customer relationships.
- Its distribution infrastructure and logistics capabilities enable efficient movement of products across different locations, helping the company cater to a geographically diverse customer base.
- With over 300 clients across sectors such as BFSI, healthcare, construction, real estate and facility management, the company benefits from a broad customer base and reduced dependence on a single industry.
Business Risks
- The company’s online order management system is developed and maintained through a third-party service provider. Any technical issues, service disruptions or dependency on the provider could affect order processing and customer service.
- Mopshop Distribution operates in a fragmented and competitive facility management supplies market. Competition from established players and new entrants could put pressure on pricing, margins and market share.
- Although the company serves more than 300 clients, a significant portion of business may depend on key customers. Loss of major clients or a reduction in their orders could adversely affect revenue.
- The company relies on third-party manufacturers and suppliers for its product portfolio. Supply disruptions, price fluctuations or delays in procurement could impact product availability and profitability.
- Operations across multiple locations increase logistical and administrative complexity. Delays in transportation, higher logistics costs or disruptions at warehouses could affect timely delivery and operating efficiency.
Financial Performance
Mopshop Distribution Limited – Financials (₹ in Lakh)
| Particulars | Fiscal 2025 | Fiscal 2024 | Fiscal 2023 |
|---|---|---|---|
| Revenue from Operations | 4,198.82 | 3,785.03 | 3,002.30 |
| EBITDA | 614.69 | 291.84 | 138.84 |
| Profit / (Loss) After Tax (PAT) | 347.72 | 141.60 | 81.06 |
| Earnings Per Share (Basic) | 912.96 | 640.05 | 810.62 |
| Debt-to-Equity (D/E) | 0.48 | 2.26 | 3.14 |
| Return on Equity (%) | 51.56% | 48.54% | 64.78% |
(Source: DRHP)
Key Ratios & Metrics
| KPI | Feb 28, 2026 | Mar 31, 2025 |
|---|---|---|
| Return on Equity (ROE) | 43.43% | 51.56% |
| Return on Capital Employed (ROCE) | 32.35% | 59.70% |
| Debt-to-Equity Ratio | 1.02 | 0.48 |
| Return on Net Worth (RoNW) | 43.43% | 51.56% |
| PAT Margin | 11.61% | 8.28% |
| EBITDA Margin | 17.84% | 14.64% |
(Source: DRHP)
Objects of the Offer
- Repayment of all or part of certain outstanding loans availed by the company.
- Acquisition of commercial vehicles to strengthen transportation and logistics capabilities.
- Funding capital expenditure for setting up a rooftop grid-connected solar power plant at the company’s warehousing facility in Vasai, Palghar, Thane.
- Meeting the company’s general business and corporate requirements.
Conclusion
Mopshop Distribution Limited operates in the growing facility management supplies market, supported by a diversified product portfolio, a broad customer base and a presence across multiple geographical locations.
Its digital order management platform and logistics capabilities further support its distribution operations. Overall, investors should evaluate the company’s business model, financial performance, industry outlook, competitive positioning, valuation, and risk factors in detail, and carefully review the Red Herring Prospectus (RHP) before making an informed investment decision.
Disclaimer: Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. This content is purely for informational purposes only and should not be considered as investment advice or a recommendation. Securities quoted are for illustration purposes only and not recommendatory. Investors are requested to do their own due diligence before investing.
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