Mopshop Distribution IPO
ListedSMETrading
1.59×
Subscribed
Price band
₹138 – ₹138
Lot size
1,000
1 lot = ₹1,38,000
Issue size
₹27.26 Cr
Open – close
19 Aug 2026
to 21 Aug 2026
Listing
26 Aug 2026
Listing gain
-0.72%
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
Mixed4 of 7 dimensions read
A mixed but reasonable offering — 2 positive against 0 negative signals
Strength67/100
- Steady revenue growthRevenue compounding at 14.1%
- Profit growth outpaces salesPAT up 85.5% a year against revenue at 14.1% — check whether that is operating leverage or a one-off before extrapolating it
- High return on equityROE of 43.4%
- Conservative balance sheetDebt/equity of 0.02×
- Book coveredThe book is subscribed 1.59× overall
Every line above is arithmetic on a figure shown elsewhere on this page - no model, no opinion. It describes the quality of the offering as disclosed, and is pulled toward neutral to reflect how much the document leaves unsaid. It is not a prediction of the listing price, and it is not advice to apply.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens19 Aug 2026
- Closes21 Aug 2026
- Allotment24 Aug 2026
- Listing26 Aug 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Non-institutionalNII / HNI0.27x
Retail individualRII2.91x
1,445 applications received — how many people bid, as opposed to how much money did. Exchange figures as of 21 Aug 2026.
Chance of allotment
Retail2.91× subscribed
~1 in 2.9
Minimum 2 lots · 2,000 shares · ₹2,76,000 blocked
Retail is 2.91× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 2.9 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII0.27× subscribed
Full allotment
Minimum 1 lot · 1,000 shares · ₹1,38,000 blocked
The HNI portion is under-subscribed at 0.27×, so applications should be allotted in full.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
The offering
Terms, structure and who is selling
Terms
Price band₹138 – ₹138
Face value₹10
Lot size1,000shares
Minimum application₹1,38,000at cut-off
Total issue size₹27.26 Cr
Fresh issue₹22.08 Cr
Offer for sale₹5.17 Cr
Listing atSME platform
Company & valuation
Return on equity43.43%
Debt / equity0.02×
ROCE32.35%
RoNW43.43%
PAT Margin11.61%
EBITDA Margin17.84%
NAV17.53
Price to Book Value7.87
ISININE2F5H01015
RegistrarCameo Corporate Services Ltd
19.0% of this issue is an offer for sale. The rest is fresh capital that goes into the company itself.
Who gets what
How the issue is split between investor categories, and what each may bid.
| Category | Shares | % of issue |
|---|---|---|
| NII (HNI) | 9,38,000 | 47.49% |
| Retail | 9,38,000 | 47.49% |
| Market Maker | 99,000 | 5.01% |
Total issue 19,75,000 shares. Indented rows sit inside the category above them and are not added to it.
What each category may bid
Individual investors (IND) (Min)₹2,76,0002 lots · 2,000 sh
Individual investors (IND) (Max)₹2,76,0002 lots · 2,000 sh
HNI (Min)₹4,14,0003 lots · 3,000 sh
Lot size alone does not answer "how much do I need" — an S-HNI minimum is several lots, not one.
What the money is for
Stated use of the net proceeds
- 01Repayment of all or a portion of certain outstanding borrowings availed by our Company₹11.98 Cr
- 02Purchase of Commercial Vehicles for transporation and logistical purposes₹2.6 Cr
- 03Funding of capital expenditure requirement towards setting up of Rooftop Grid Solar Power Plant at our Warehousing Facility located at Vasai, Palghar, Thane 401208₹1.05 Cr
- 04General Corporate Purpose₹3.31 Cr
- 05Offer related expenses₹3.13 Cr
Financials
Restated figures as reported in the offer document, ₹ crore
| Period | Revenue | EBITDA | PAT | Net worth | Debt |
|---|---|---|---|---|---|
| 2023 | 30.023 | — | 0.811 | 1.251 | 0.1 |
| 2024 | 37.85 | — | 1.416 | 2.917 | 0.298 |
| 2025 | 41.988 | — | 3.477 | 6.745 | 0.259 |
| 2026 | 44.597 | — | 5.177 | 11.921 | 0.19 |
Revenue CAGR 14.1%PAT CAGR 85.5%
How the issuer compares
The listed companies the offer document itself names as comparable.
| Company | EPS | P/E | NAV | RoNW |
|---|---|---|---|---|
| Mopshop Distribution Limitedthis issue | 22.10 | — | 6.24 | 51.56% |
| Niparo Trading private limited | — | — | — | 3.17% |
| Miraclean Tools private | — | — | — | 4.50% |
Blank cells are figures the offer document does not publish. An unlisted issuer has no market price, so it has no price-based multiple until it lists — which is exactly why the comparison is against companies that already trade. The peer set is the issuer's own selection, so read it as the flattering-est comparison available rather than a neutral one.
Risks worth reading
Ranked by our severity assessment, not by the order the prospectus prints them
mediumOur 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
mediumOur 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.
Litigation across 245 matters
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
Positives the filing discloses (3)
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%.
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
-2.2%
Listed up
1 of 8
Best
+0.4%
Papadmalji Agro Foods Limited
Worst
-17.5%
Himalayan Solar
Ravita Engineering Services Limitedsame segment
6.7× sub+0.0%
Vaibhav Vyapaar Limitedsame segment
3.1× sub-2.0%
R.K. Fashion Accessories Limitedsame segment
2.6× sub-2.4%
Eventions Limitedsame segment
2.3× sub-5.9%
Green Asia Impexsame segment
1.0× sub+0.0%
Papadmalji Agro Foods Limitedsame segment
2.5× sub+0.4%
Dudani Retailsame segment
1.4× sub-13.8%
Himalayan Solarsame segment
1.2× sub-17.5%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
About Mopshop Distribution
Mopshop Distribution Limited is engaged in providing Facility Management Supplies (FMS) through a business-to-business (B2B) model. The company supplies cleaning tools and hygiene consumables to clients across sectors including banking, financial services and insurance, construction and real estate, healthcare, and facility management. Its product portfolio includes microfiber cloths, surface disinfectants, sensor-based dispensers, biodegradable garbage bags, tissue papers, pedal bins, wringer buckets, vacuum cleaners, air fresheners, tool kits, and related accessories. The company distributes its products through an online order management platform developed by a third-party service provider and a business development team. Headquartered in Vasai, Maharashtra, the company operates warehouses in Ahmedabad, Hyderabad, Bangalore, Gurugram, Chennai, Pune, and Indore, with a total warehousing capacity of approximately 20,000 sq. ft. As of September 15, 2025, the company employed 115 employees and maintained a fleet of vehicles for deliveries.
Founded 2018MD Mr Prakash Hakim SinghSector Trading
Offer documents
The primary sources everything above is drawn from
Common questions
How many times is the Mopshop Distribution IPO subscribed?
Mopshop Distribution is subscribed 1.59× overall (NII 0.27×, retail 2.91×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, Cameo Corporate Services Ltd.
What is the minimum investment in the Mopshop Distribution IPO?
One lot is 1,000 shares, so a retail application at the ₹138 cut-off price blocks ₹1,38,000. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
What are the chances of allotment in the Mopshop Distribution IPO?
The retail portion is subscribed 2.91×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 3. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
When is the Mopshop Distribution IPO allotment date?
Allotment is scheduled for 2026-08-24, with listing on 2026-08-26. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, Cameo Corporate Services Ltd.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.