Mopshop Distribution SME IPO
Mopshop Distribution IPO — date, price band, GMP & allotment 2026
Mopshop Distribution Limited supplies facility management products such as cleaning and hygiene consumables to businesses. It serves over 300 clients across BFSI, construction, real estate and healthcare from 9 locations, taking orders through its own online order management platform.
Stock price
Mopshop Distribution is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 15 September.
- Open 19 Aug 2026
- Close 21 Aug 2026
- Allotment 24 Aug 2026
- Refund/credit 25 Aug 2026
- Listing 26 Aug 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 19 to 21 Aug, 2026 |
|---|---|
| Price Band | ₹138 |
| Face Value | ₹10 |
| Lot Size | 1000 Shares |
| Issue Size | ₹27.26 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE SME |
| Registrar | Cameo Corporate Services Limited |
| Min Investment | ₹ 2,76,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 1000 shares at the ₹138 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 2,000 | ₹2,76,000 |
| Retail (max) | 2 | 2,000 | ₹2,76,000 |
| HNI (min) | 3 | 3,000 | ₹4,14,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 8
- 01Sales have grown every year, from Rs 30.02 crore in FY2023 to Rs 37.86 crore in FY2024 and Rs 42.00 crore in FY2025.
- 02Profit after tax has grown faster, from Rs 0.81 crore in FY2023 to Rs 1.42 crore in FY2024 and Rs 3.48 crore in FY2025.
- 03The client base is wide, with more than 300 clients spread across banking, insurance, construction, real estate and healthcare, so it is not tied to one industry.
- 04Cleaning and hygiene consumables are repeat purchase items. Once a client is added, orders keep coming month after month.
- 05The company works from 9 locations, which helps it serve clients who have offices in more than one city.
- 06It has its own online order management platform, which makes repeat ordering easy for clients and helps keep them.
- 07Borrowing came down from Rs 6.59 crore in FY2024 to Rs 5.14 crore in FY2025 while net worth rose from Rs 2.92 crore to Rs 6.74 crore.
- 08Rs 11.50 crore of the issue money will repay borrowings, which will cut interest cost further.
Risks · 8
- 01The financial data in the offer document is old. The latest year shown is FY2025, ending 31 March 2025, so there is no FY2026 figure to judge the most recent performance.
- 02The EBITDA figures in the offer document do not sit well with the profit figures. EBITDA is shown falling from Rs 6.15 crore in FY2023 to Rs 2.92 crore in FY2024 and Rs 1.39 crore in FY2025, while profit after tax rises over the same period. This needs to be checked in the RHP before relying on the margin trend.
- 03This is a distribution business, which means the company mostly buys and resells. Such businesses usually work on thin margins and have low pricing power.
- 04There is very little to stop a competitor. Cleaning consumables can be supplied by many vendors and clients can switch on price.
- 05The company is small, with 115 employees and a net worth of Rs 6.74 crore, and is raising Rs 27.26 crore, which is much larger than its own funds.
- 06The online ordering platform was built by an outside provider, so the company does not fully own that technology.
- 07This is a fixed price issue at Rs 138 per share, so there is no price discovery through bidding.
- 08This is an SME issue. One lot is 1,000 shares, which is Rs 1.38 lakh at the issue price, and SME shares usually trade in low volume after listing.
Three years of numbers
All figures in ₹ crore, as reported in the Mopshop Distribution offer document.
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 23.81 | 18.12 | 13.51 |
| Total Income | 42.00 | 37.86 | 30.02 |
| Profit After Tax | 3.48 | 1.42 | 0.81 |
| EBITDA | 1.39 | 2.92 | 6.15 |
| NET Worth | 6.74 | 2.92 | 1.25 |
| Reserves and Surplus | 6.04 | 2.57 | 1.15 |
| Total Borrowing | 5.14 | 6.59 | 3.92 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Mopshop Distribution RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Mopshop Distribution IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹7.84 |
| P/E Ratio (x) | 17.60 |
| Market Cap at Offer Price (₹ Cr) | ₹61.26 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹138 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹14.76 Cr of the issue is earmarked to named objects.
About the company
Its product range 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 items. The products are chosen for regular use, long life and low cost.
The company sells to businesses across banking and insurance, construction and real estate and healthcare, and also supplies to facility management companies who do the housekeeping work at client sites. It has more than 300 clients across India. Orders are taken through an online order management platform built for it by an outside technology provider, supported by its own business development team. It has 115 employees working across 9 locations, with a warehouse at Vasai in Palghar.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
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The bankers & the filings
Who is running the book, and the documents this page is built from.
Company contact
Frequently asked
What is the GMP of Mopshop Distribution?
The current Grey Market Premium is ₹1, or 0.72% over the issue price.
What is the Mopshop Distribution IPO price band?
₹138, on a face value of ₹10.
When is the allotment?
The basis of allotment is 24 August 2026, with listing on 26 August 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Cameo Corporate Services Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
