Mopshop Distribution Ltd.
PROSPECTUS · filed 19 Aug 2026
Mopshop Distribution Ltd. is a B2B online order management platform supplying cleaning tools and hygiene consumables across 11 verticals. The IPO comprises a fresh issue of Rs 22.08 crore and an offer for sale of Rs 5.175 crore (18.99% of the offer size). The company reported a revenue of Rs 44.60 crore and a profit of Rs 5.18 crore for the latest period, with a revenue CAGR of 14.1%. Material risks include dependence on a single product category, a concentrated client base where the top 10 clients account for 40.18% of revenue, and the absence of formal long-term contracts with customers.
What stands out
Risk factor. Our business could be adversely affected if our customers fail to renew their accounts with us or reduce their order frequency through our B2B online order management platform, as we operate without formal long-term contracts and customers may source from alternative suppliers including unorganized
Risk factor. Our Company generates majority of its revenue by supplying products under a single category, namely cleaning tools and hygiene consumables, and any underperformance in this category could adversely affect our overall financial results.
Primarily fresh capital. 81% of the offer is fresh issue, so most proceeds fund the company.
Low leverage. Debt-to-equity of 0.02x.
Healthy return on equity. ROE of 43.4%.
How the offer is structured
Fresh issue
₹22.1 Cr
New capital into the company
Offer for sale
₹5.2 Cr
Goes to selling shareholders
OFS share
19%
- Repayment of all or a portion of certain outstanding borrowings availed by our Company₹12.0 Cr
- Purchase of Commercial Vehicles for transporation and logistical purposes₹2.6 Cr
- Funding of capital expenditure requirement towards setting up of Rooftop Grid Solar Power Plant at our Warehousing Facility located at Vasai, Palghar, Thane 401208₹1.1 Cr
- General Corporate Purpose₹3.3 Cr
- Offer related expenses₹3.1 Cr
Restated financials
Revenue
₹44.6 Cr
Latest fiscal year
Profit after tax
₹5.2 Cr
Revenue CAGR
14.1%
Return on equity
43.4%
Debt / equity
0.02
PAT CAGR
85.5%
| Fiscal year | Revenue | EBITDA | PAT | Net worth |
|---|---|---|---|---|
| 2023 | ₹30.0 Cr | ₹0.8 Cr | ₹1.3 Cr | |
| 2024 | ₹37.9 Cr | ₹1.4 Cr | ₹2.9 Cr | |
| 2025 | ₹42.0 Cr | ₹3.5 Cr | ₹6.7 Cr | |
| 2026 | ₹44.6 Cr | ₹5.2 Cr | ₹11.9 Cr |
Promoters, litigation & related parties
Promoter (pre)
100.0%
Proceedings
245
There are no outstanding actions by statutory or regulatory authorities initiated against the Company. Below are the details of pending tax cases involving our Company, specifying the number of cases pending and the total amount involved: 245
Risks the company discloses
Our business could be adversely affected if our customers fail to renew their accounts with us or reduce their order frequency through our B2B online order management platform, as we operate without formal long-term contracts and customers may source from alternative suppliers including unorganized local distributors or manufacturers.(Business Operations)
Our Company generates majority of its revenue by supplying products under a single category, namely cleaning tools and hygiene consumables, and any underperformance in this category could adversely affect our overall financial results.(Business Operations)
Our business faces inherent geographic concentration risks, with Maharashtra contributing 66.97% of total revenue from operations for the eleven months ended February 28, 2026, and revenue is concentrated around our warehouse locations in Gujarat, Karnataka, Telangana, Haryana, Tamil Nadu, Maharashtra, and Madhya Pradesh.(Business Operations)
There are outstanding legal proceedings involving our Company, our Directors, our Promoters and KMP/SMP, including 5 direct tax matters against the Company and 8 direct tax matters against our Directors, Promoters and KMPs, and any adverse decisions could impact our cash flows and profit or loss.(Legal & Regulatory)
We serve a concentrated client base in the facility management sector, with our top 10 clients representing 40.18% of total revenue for the Financial Year ended March 31, 2025, and the loss of any major customers would have a material adverse effect on our business operations and profitability.(Client Dependencies)
Our business model faces inherent geographic concentration due to transportation economics and regional marketing effectiveness, as our corporate clients typically purchase in bulk quantities making transportation costs a significant factor in our competitiveness and profitability.(Business Operations)
Changes in customer preferences, increased competition in specific product categories, or disruption in supply chains for particular product lines could disproportionately impact our overall performance, as we supply products across 11 verticals including Paper & Tissue, Cleaning Chemicals, Cleaning Equipment, Safety & PPE, and others.(Business Operations)
Our success depends on maintaining customer satisfaction through reliable service delivery, competitive pricing, and continuous platform enhancement, and any deterioration in our service quality, delivery performance, or platform functionality could result in customers migrating to competitors or alternative procurement methods.(Business Operations)
How this document reads, dimension by dimension
Each bar is a fixed formula applied to the figures shown above, scored 0–100. This is a reading of what the company disclosed — not a recommendation to apply or avoid, not a price target, and not a prediction of listing performance. Dimensions that could not be extracted are excluded rather than assumed, so coverage varies between documents.

