IPO Overview
Incorporated in 2018, Mopshop Distribution Limited operates in the Facility Management Supplies (FMS) sector, providing cleaning tools, hygiene consumables, and related equipment to a diversified B2B client base across India. Its product portfolio comprises Microfiber cloths, Surface Disinfectants, Sensor-based Dispensers, Bio-degradable Garbage Bags, Tissue Papers, Pedal Bins, Wringer Buckets, Vacuum Cleaners, Air Fresheners, Tool Kits, Personal Protective Equipment, and other facility management consumables. The company serves over 300 clients spanning multiple industries, including Banking, Financial Services & Insurance (BFSI), construction, healthcare, education, retail, and government establishments, and operates an agile, asset-light business model supported by a customized Online Order Management platform.
The company is now launching its SME IPO on the BSE SME platform. The total issue size is ₹27.26 crore, with the issue price fixed at ₹138 per equity share. The IPO is a combination of a fresh issue of 15.01 lakh equity shares and an offer-for-sale (OFS) of 3.75 lakh shares by a promoter. The IPO opens on 19 August 2026 and closes on 21 August 2026, with listing expected on 26 August 2026 on the BSE SME platform.
IPO Detailed Information
Issue Details
| Parameter | Details |
| IPO Type | Fixed Price – SME |
| Listing Exchange | BSE SME |
| IPO Open Date | 19 August 2026 |
| IPO Close Date | 21 August 2026 |
| Allotment Date | 24 August 2026 (Expected) |
| Refund Initiation | 25 August 2026 |
| Credit to Demat | 25 August 2026 |
| Listing Date | 26 August 2026 (Tentative) |
| Issue Price | ₹138 per share (Fixed Price) |
| Face Value | ₹10 per share |
| Lot Size | 1,000 shares |
| Minimum Investment (Retail) | ₹2,76,000 (2 lots = 2,000 shares) |
| Issue Size | ₹27.26 crore |
| Fresh Issue | 15,01,000 shares (₹22.08 crore) |
| Offer For Sale (OFS) | 3,75,000 shares (₹5.18 crore) |
Note: The IPO comprises a fresh issue of ₹22.08 crore and an OFS of 3,75,000 equity shares. The fresh issue proceeds will go to the company, while the OFS proceeds will go to the selling promoter.
Issue Break-up
| Category | Allocation |
| Qualified Institutional Buyers (QIB) | 0% |
| Non-Institutional Investors (NII/HNI) | ~50% |
| Retail Individual Investors (RII) | ~50% |
| Market Maker | Reserved Portion |
OFS / Selling Shareholders
The promoters of the company are Prakash Hakim Singh and Bunty Hakim Singh Gaur. The OFS component of 3,75,000 shares worth ₹5.18 crore will go directly to the selling promoter — not to the company.
Objects of the Issue (Fund Utilization)
The IPO proceeds will be used to support debt repayment, purchase of commercial vehicles, and setting up of a rooftop grid solar power plant. The remaining funds will be used for general corporate purposes.
- Repayment of existing borrowings
- Purchase of commercial vehicles (logistics capacity expansion)
- Setting up a rooftop grid solar power plant
- General corporate purposes
Lead Managers & Registrar
- Book Running Lead Manager: Khandwala Securities Ltd.
- Registrar to the Issue: Cameo Corporate Services Ltd.
Promoters & Management
The promoters of the company are Prakash Hakim Singh and Bunty Hakim Singh Gaur.
Mr. Rahul Jain serves as CEO of Mopshop Distribution Limited. He stated that the company has built a strong position in the facility management supplies segment through its wide product portfolio, technology-enabled procurement, and pan-India logistics capabilities, with the ability to serve 9,000 sites reflecting the strength and scalability of the business model.
Company Details
Mopshop Distribution operates in the facility management supplies segment, providing cleaning, hygiene, and housekeeping products to more than 300 clients across India. Its presence across nine locations, online order-management platform, and customer exposure to BFSI, healthcare, real estate, and facility management companies provide a foundation for future growth.
Sectors Served:
- Banking, Financial Services & Insurance (BFSI)
- Healthcare & Hospitals
- Construction & Real Estate
- Education Institutions
- Retail
- Government Establishments
Key Products:
- Microfiber Cloths, Surface Disinfectants
- Sensor-based Dispensers, Bio-degradable Garbage Bags
- Tissue Papers, Pedal Bins, Wringer Buckets
- Vacuum Cleaners, Air Fresheners
- Tool Kits, Personal Protective Equipment (PPE)
Key Capabilities:
- Presence at multiple geographical locations, online order management platform, experienced promoters, and strong logistical support network across India.
- Asset-light, technology-enabled B2B procurement and distribution model
- Serving over 9,000 sites across India
Financial Snapshot
| Period | Revenue (₹ Cr) | PAT (₹ Cr) |
| FY23 | ₹30.02 | ₹0.81 |
| FY24 | ₹37.86 | ₹1.42 |
| FY25 | ₹42.00 | ₹3.48 |
| FY26 | ₹44.60 | ₹5.18 |
Key Financial Metrics
- Revenue grew from ₹30.02 crore in FY23 to ₹42 crore in FY25. PAT rose sharply from ₹0.81 crore to ₹3.48 crore during the same period, indicating strong margin improvement.
- FY26 PAT stood at ₹5.18 crore on revenue of ₹44.60 crore — continued growth trajectory
- At ₹138 per share, the post-issue P/E is approximately 28.57x — considerably higher than the P/E valuations of several recently listed comparable companies.
- Debt-to-equity increased to 1.02 as of February 2026, while ROE and ROCE declined from their earlier levels — a caution flag for investors.
Company Strengths
- Growing demand for organised facility management supplies driven by expansion in healthcare, BFSI, commercial real estate, and professional housekeeping services.
- Asset-light, technology-enabled business model with a customized B2B online order management platform
- Diversified client base of 300+ clients across multiple industries, serving 9,000+ sites pan-India
- Consistent revenue and profit growth across FY23–FY26 with improving PAT margins
- Post-IPO investments in commercial vehicles and rooftop solar plant will improve logistics efficiency and reduce operational costs.
- Presence across nine locations providing geographic reach and service reliability
Key Risks & Challenges
- Revenue is heavily concentrated in a single product category — cleaning tools and hygiene consumables — and any underperformance in this category could adversely affect overall financial results.
- Business could be adversely affected if customers fail to renew their accounts or reduce order frequency through its B2B online order management platform.
- Relies on key suppliers and OEM partners for branded products and competitive pricing — any change in supplier terms, distribution strategy, capacity, or product quality could affect availability and margins.
- Debt-to-equity ratio increased to 1.02 as of February 2026 — the company is leveraged and relying on IPO proceeds for repayment.
- Valuation at ~28.57x post-issue P/E is steep compared to recently listed peers, leaving limited margin of safety for investors.
- SME IPO liquidity risk — limited secondary market trading volumes on BSE SME platform post-listing
Disclaimer:
This document is for informational purposes only and should not be considered as investment advice. Investors should read the Red Herring Prospectus (RHP) carefully and consult a financial advisor before investing in any IPO. Market investments are subject to risk.
