Summary
Mopshop Distribution IPO is a ₹27.26 crore fixed-price SME issue at ₹138 per share, opening on 19 August 2026 and closing on 21 August 2026.
The offer includes 16 lakh fresh shares and 3.75 lakh OFS shares. Individual investors need at least two lots, or 2,000 shares, requiring ₹2.76 lakh.
PAT increased from ₹0.81 crore in FY2023 to ₹3.48 crore in FY2025, reaching ₹5.18 crore for the 11 months ended February 2026.
The IPO is expected to list on BSE SME on 26 August 2026, while valuation, working-capital needs and the distribution-led business model remain key considerations.
Mopshop Distribution’s BSE SME IPO opens on 19 August 2026 at a fixed price of ₹138 per share. The ₹27.26 crore offer covers 19.75 lakh equity shares, each carrying a face value of ₹10. Most of the issue is fresh capital, with 16 lakh shares/ ₹22.08 crore being newly issued. Promoter Prakash Hakim Singh is selling another 3.75 lakh shares through the OFS, valued at ₹5.18 crore.
Bidding closes on 21 August. Allotment is scheduled for 24 August, followed by the proposed listing on 26 August 2026.
Applications are made in lots of 1,000 shares. Retail investors need to bid for at least two lots, which puts the starting investment at ₹2.76 lakh. NII applications begin at 3 lots/ ₹4.14 lakh, while bNII investors enter from 8 lots/ ₹11.04 lakh.
Mopshop Distribution IPO Details
The key details of the Mopshop Distribution IPO are listed below:
| Particulars | Details |
| IPO Open Date | 19 August 2026 |
| Close Date | 21 August 2026 |
| Face value | ₹10 per share |
| Price Band | ₹138 per share (fixed price) |
| Issue price | ₹138 per share |
| IPO Lot Size | 1,000 shares |
| Offer for sale | 3,75,000 shares, aggregating to ₹5.18 crore |
| Fresh issue | 16,00,000 shares, aggregating to ₹22.08 crore |
| Issue Type | Fixed Price SME IPO |
| Listing at | BSE SME |
| Total Issue Size (₹ Crore) | ₹27.26 crore |
| Minimum Investment | ₹2,76,000 for 2,000 shares |
Mopshop Distribution IPO Timeline
The important dates for the Mopshop Distribution IPO are listed below:
| Particulars | Date |
| IPO Open Date | 19 August 2026 |
| IPO Close Date | 21 August 2026 |
| Tentative Allotment | 24 August 2026 |
| Initiation of Refunds | 25 August 2026 |
| Credit of Shares to Demat | 25 August 2026 |
| Tentative Listing Date | 26 August 2026 |
| Cut-off time for UPI mandate confirmation | 5:00 PM on 21 August 2026 |
Mopshop Distribution Key Performance Indicators (KPI)
The three-year KPIs for Mopshop Distribution are shown below:
| KPI | FY2025 | FY2024 | FY2023 |
| ROE | 51.56% | 48.54% | 64.78% |
| ROCE | 50.12% | 29.26% | 26.10% |
| Debt Equity | 0.76 | 2.26 | 3.14 |
| RoNW | 51.56% | 48.54% | 64.78% |
| PAT Margin | 8.28% | 3.74% | 2.70% |
| EBITDA Margin | 14.64% | 7.68% | 4.62% |
| Price Book Value | – | – | – |
Mopshop Distribution Financials
The financial performance of Mopshop Distribution over the last three financial years is shown below:
| ₹ crore | 2023 | 2024 | 2025 |
| Revenue | 30.02 | 37.86 | 42.00 |
| Total Asset | 13.51 | 18.12 | 23.81 |
| Profit | 0.81 | 1.42 | 3.48 |
Mopshop Distribution IPO Subscription Status
Subscription Details Not Yet Available
Subscription information will be available once bidding starts on 19 August 2026.
Bidding is open from 10:00 AM to 5:00 PM on public issue days.
Mopshop Distribution IPO Grey Market Premium
Mopshop Distribution IPO GMP stands at ₹12, up from ₹10 over the previous two days. At the ₹138 issue price, this points to an estimated listing price of ₹150 and a potential gain of around 8.70%. GMP is only an unofficial market indicator and does not determine the actual listing price.
| Date | GMP (₹) | Estimated Listing Price | Estimated Listing Gain | Trend | Last Updated |
| 17 Aug 2026 | ₹12 | ₹150 | 8.70% | 🔼 Up | 17-Aug-2026 11:34 AM |
| 16 Aug 2026 | ₹10 | ₹148 | 7.25% | ➖ Flat | 16-Aug-2026 11:32 PM |
| 15 Aug 2026 | ₹10 | ₹148 | 7.25% | ➖ Flat | 15-Aug-2026 11:30 PM |
Note: GMP (Grey Market Premium) values are sourced from the grey market and can change quickly based on demand, subscription levels and market sentiment.
Mopshop Distribution IPO Reservation
The reservation details for the Mopshop Distribution IPO are given below:
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 99,000 shares |
| QIB Shares Offered | Nil |
| NII (HNI) Shares Offered | 9,38,000 shares |
| Retail Shares Offered | 9,38,000 shares |
| Total Shares Offered | 19,75,000 shares |
Mopshop Distribution IPO Lot Size
The lot size and application amounts for the Mopshop Distribution IPO are given below:
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,76,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,76,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,14,000 |
| S-HNI (Max) | 7 | 7,000 | ₹9,66,000 |
| B-HNI (Min) | 8 | 8,000 | ₹11,04,000 |
Mopshop Distribution IPO Anchor Investors
Mopshop Distribution IPO does not have an anchor investor allocation. There is no QIB portion in the issue, so an anchor bid date, anchor issue size and lock-in dates are not applicable.
Mopshop Distribution IPO Prospectus
For more information on the issue, please go through the documents mentioned below.
About Mopshop Distribution
Mopshop Distribution Limited was incorporated on 6 June 2018 and is based in Vasai, Maharashtra. Prakash Hakim Singh is the Promoter and Whole-time Director. It operates mainly in the facility management supplies segment through a business-to-business model. The company became a public limited company in July 2025.
Its product range covers everyday cleaning and hygiene requirements for businesses. These include microfiber cloths, disinfectants, garbage bags, tissue paper, dispensers, vacuum cleaners, bins and other facility-management products.
The company supplies customers across sectors including BFSI, healthcare, construction, real estate and facility management. Its network covers more than 300 clients across India, supported by warehouses and an online order-management system.
The table below lists the key intermediaries associated with the IPO.
| Book running lead manager | Khandwala Securities Limited |
| Registrar of the issue | Cameo Corporate Services Limited |
Mopshop Distribution IPO Objectives
| Objective | Amount (₹ crore) | Description |
| Repayment of borrowings | 11.98 | Repayment of all or part of certain outstanding loans |
| Purchase of commercial vehicles | 2.6034 | Acquisition of vehicles for transportation and logistics |
| Solar power project | 1.0548 | Setting up a rooftop grid solar power plant at the Vasai warehouse |
| General corporate purposes | 3.3075 | General business requirements and working capital needs |
| Offer-related expenses | 3.1343 | Expenses related to the IPO process |
Strengths of Mopshop Distribution
- Wider operating network: Mopshop serves more than 300 clients and operates warehouses across seven cities, including Ahmedabad, Hyderabad, Bengaluru, Gurugram, Chennai, Pune and Indore. As of September 2025, these warehouses covered about 20,000 sq. ft., giving the company a physical base for serving customers across regions.
- Digital ordering built into operations: The company uses its online order management platform for order placement, tracking, inventory monitoring and delivery scheduling. This is more than a customer-facing ordering tool as it also connects procurement with fulfilment across its warehouse network.
- Profitability has improved faster than sales: Between FY2023 – FY2025, Mopshop’s revenue grew by ~40%, while PAT rose more than 4x. EBITDA margin also moved up, reaching 14.64% in FY2025 from 4.62% two years earlier.
Risks of Mopshop Distribution
- Maharashtra still carries most of the revenue: About 66.77% of FY2025 sales came from the state. That leaves Mopshop exposed if demand, pricing or customer activity weakens there, even though its warehouse network extends beyond Maharashtra.
- Customers are not locked into long-term contracts: Mopshop depends on repeat orders through its B2B platform rather than long-term customer commitments. Clients can reduce their order frequency or move to another supplier if pricing, service levels or product availability become less competitive.
- One product segment drives most of the business: Cleaning tools and hygiene consumables account for the majority of the company’s revenue. This leaves overall performance more exposed to demand or pricing changes in that category than the size of its broader product catalogue may initially suggest.
Mopshop Distribution IPO Review
Mopshop enters the IPO with improving profitability. PAT rose from ₹0.81 crore in FY2023 to ₹3.48 crore in FY2025 and reached ₹5.18 crore for the 11 months ended February 2026. Part of the fresh issue will also go towards debt repayment, which could reduce the interest burden and strengthen the balance sheet.
The concern is whether that improvement fully supports the valuation being asked for. SEBI-registered analyst Naveen Kumar questions the roughly ₹99 crore valuation for a distribution-led business with rented warehouses, limited entry barriers and dependence on staying relevant between manufacturers and corporate buyers. This makes the recent profit growth encouraging, but valuation and the durability of its distribution advantage remain important points to weigh.
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Mopshop Distribution IPO FAQs
Mopshop Distribution IPO is a ₹27.26 crore fixed-price SME issue. The shares are priced at ₹138 each and are proposed to list on BSE SME.
Investors can apply through a broker offering IPO applications or through their bank using ASBA. Select Mopshop Distribution IPO, enter the required quantity and complete the payment mandate.
Mopshop has recorded improving profitability, while part of the IPO proceeds is intended for debt repayment. However, investors should also consider its distribution-led business model, working-capital needs and the valuation being sought before deciding.
There is no fixed return from an IPO. Based on the ₹12 GMP recorded on 17 August 2026, Mopshop’s ₹138 issue price pointed to an estimated listing price of ₹150, or about 8.70% higher. GMP can move before listing.
Mopshop Distribution IPO opens on 19 August 2026 and remains open until 21 August 2026.
One lot contains 1,000 shares. Retail investors need to apply for at least two lots, so the minimum application comes to ₹2.76 lakh at ₹138 per share.
Open the IPO section of your broker or use your bank’s ASBA facility. Choose the issue, enter the application quantity and authorise the required funds through the available payment process.
The tentative allotment date for Mopshop Distribution IPO is 24 August 2026.
Mopshop Distribution IPO is expected to list on BSE SME on 26 August 2026.
