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Mopshop Distribution Ltd.

PROSPECTUS · filed 19 Aug 2026

Issue complete

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 yearRevenueEBITDAPATNet 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

growthrevenue CAGR 14.1%
balance sheetdebt/equity 0.02x
profitabilityROE 43.4%
issue structure19% of the offer is OFS

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.

Figures are extracted automatically from the document filed with SEBI and may contain errors — the linked SEBI document is the authoritative record; analysed 07 Sept 2026.

Not investment advice

These lists are rules-based research, not buy recommendations. Rankings are generated from NSE & BSE data by a deterministic formula and do not account for your personal circumstances. For informational purposes only. Consult a SEBI-registered advisor before investing.

Mopshop Distribution Ltd. Prospectus — SEBI filing analysis | DocStoX