Mopshop Distribution IPO

About Mopshop Distribution IPO

The Mopshop Distribution IPO, an SME IPO, opens on Wednesday, August 19, 2026 and closes on Friday, August 21, 2026. The allotment of shares will take place on Monday, August 24, 2026. The credit of shares to the demat account will take place on Tuesday, August 25, 2026. The initiation of refunds will take place on Tuesday, August 25, 2026. The listing of shares will take place on Wednesday, August 26, 2026.

The equity shares of the company are proposed to be listed on the BSE SME platform.

The offer consists of both a fresh issue and an offer for sale component. The fresh issue will include 16,00,000 shares aggregating up to ₹22.08 crore. The offer for sale portion includes 3,75,000 shares, aggregating up to ₹5.17 crore. The total number of shares and aggregate amount are 19,75,000 shares aggregating up to ₹27.25 crore.

Mopshop Distribution IPO's issue price is fixed at ₹138 per share. The lot size for an application is 1,000 shares. The minimum amount of investment required by an individual investor is ₹2,76,000 (2,000 shares, being two lots) based on the issue price. Mopshop Distribution supplies facility management products through a business-to-business model, focusing on cleaning tools and hygiene consumables.

Objectives of Mopshop Distribution IPO

The company proposes to utilise the net proceeds from the fresh issue towards the following objects:

• Repayment of all or a portion of certain outstanding borrowings availed by the company.
  
• Purchase of commercial vehicles for transportation and logistical purposes.
  
• Funding of capital expenditure towards setting up of a rooftop grid solar power plant at the company's warehousing facility located at Vasai, Palghar, Thane 401208.
  
• General corporate purposes.
  
• Offer related expenses.
  

Industry Outlook

Facility management supplies are a core enabler of India's structured cleaning and hygiene ecosystem. The organised facility management industry in India recorded estimated revenue of ₹1.15 lakh crore in FY2024, covering both soft and hard services. Demand spans janitorial equipment, tissue dispensers, mops, scrubbers, air fresheners, and industrial cleaning solutions. The segment is expanding steadily.

Over the four years ending FY2025, the facility management supplies segment grew at an estimated CAGR of 13%. Growth tracks the rise in outsourced contracts. Outsourced facility management services accounted for nearly 60–65% of organised-market revenue in FY2024, reflecting a shift toward centralised, recurring procurement of standardised supplies by institutional buyers.

Regional demand varies. IBEF (2024) places the broader Indian facility management market on a 14–17% CAGR, with Asia-Pacific holding roughly 40% of the global market in 2023 on the back of urban expansion in China and India. Rising adoption of eco-friendly and automated products, such as biodegradable cleaning agents and sensor-based dispensers, positions organised distributors like Mopshop Distribution to benefit from this formalisation.

About Mopshop Distribution Limited

Mopshop Distribution supplies facility management products on a business-to-business basis. Its portfolio spans microfiber cloths, surface disinfectants, sensor-based dispensers, biodegradable garbage bags, tissue papers, pedal bins, wringer buckets, and vacuum cleaners. The company serves more than 300 clients across India.

Operations run through an online order management platform built with a third-party service provider. This platform supports order placement, tracking, inventory monitoring, and delivery scheduling. Its asset-light model pairs a lean physical footprint with a digital backend. The Company operates warehouses in seven cities — Ahmedabad, Hyderabad, Bangalore, Gurugram, Chennai, Pune, and Indore — totalling roughly 20,000 square feet.

Maharashtra contributed ₹2,803.55 lakhs, or 66.77% of revenue, in FY2025. The company employs 115 people as of 15 September 2025 and maintains a fleet of eco-friendly vehicles for delivery.

Strengths of Mopshop Distribution

• Strong digital-first business model with proprietary digital infrastructure.
• Diversified client base of over 300 clients across approximately 9,000 sites.
• Strong presence in the banking sector.
• Agile and asset-light operational model supporting scalability and flexibility.
• Growing product portfolio catering to multiple facility maintenance needs.
• Focus on quality and affordability.

Risks of Mopshop Distribution Limited

• Growing brand awareness compared to larger, established FMS competitors.
• Revenue concentration in a few key client segments.
• Limited physical presence and offline distribution compared to traditional market players.
• Early-stage expansion into adjacent segments such as FMCG and janitorial uniforms.
• Market acceptance of new product categories is yet to be established.

Anchor Investor Bidding Date

Anchor investor allocation is not applicable for this SME IPO.

IPO Registrar and Book Running Lead Managers

Registrar Details
Cameo Corporate Services Limited
Tel: +91-44-60020700/28460390
E-mail: ipo@cameoindia.com

Book Running Lead Manager
Khandwala Securities Limited
Mopshop Distribution Contact Details
Gala No. C/7, Sagar Industrial Estate 1, near Parabwa, Chinchoti,
Kol., Vasai Palghar, Thane- 401208, Maharashtra, India.
Tel: +91 9028089132
Email: info@mopshop.in

Mopshop Distribution Business Model

The company earns its revenue through the business-to-business distribution and supply of facility management products, primarily cleaning tools and hygiene consumables. It sources products from OEM partners and channel principals, holds inventory across its seven warehouses, and fulfils recurring orders for institutional clients through an online order management platform. Its customer segments include corporate offices, banks, malls, hospitals, industrial parks, educational institutions, and facility management companies. The asset-light model, direct sales approach, and digital ordering backend differentiate the company by lowering turnaround times and supporting multi-location clients under a single vendor relationship.

Mopshop Distribution Growth Trajectory

Mopshop Distribution Limited's Total Income for FY25 was ₹42.00 crore, whereas in FY24 and FY23 it was ₹37.86 crore and ₹30.02 crore, respectively.

The Profit After Tax for FY25 was ₹3.48 crore, whereas in FY24 and FY23 it was ₹1.42 crore and ₹0.81 crore, respectively.

Their EBITDA for FY25 was ₹6.15 crore, whereas in FY24 and FY23 it was ₹2.92 crore and ₹1.39 crore, respectively.

Mopshop Distribution Market Position

Mopshop Distribution operates warehouses in seven cities and serves over 300 clients across India, spanning corporate offices, banks, malls, hospitals, industrial parks, and government establishments. Its key clientele is anchored by long-term contractual relationships with reputed corporates. Partner recognitions include a Star Channel Partner designation from Kimberly-Clark Professional, an Authorized Channel Partner status for Norton Saint-Gobain valid until 31 December 2026, and a CBRE Certificate of Recognition dated 14 December 2024.

As of 31 March 2025, the company's Total Income, Profit After Tax, and EBITDA were ₹42.00 crore, ₹3.48 crore, and ₹6.15 crore, respectively.

How to apply for Mopshop Distribution IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.