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Mopshop Distribution
· BSE open
Closes in 2 days · 21 Aug 2026
₹14
GMP* · 19 Aug, 05:20 pm
Price Band
₹138
Issue Size
₹27.26 Cr
1 lot at upper band
₹1,38,000
Lot Size
1,000
Open
19 Aug 2026
Close
21 Aug 2026
Allotment
—
Listing
26 Aug 2026
Scheduled dates
- Open19 Aug 2026
- Close21 Aug 2026
- Refund25 Aug 2026
- Demat credit25 Aug 2026
- Listing26 Aug 2026
GMP Trend*
Daily grey market premium (₹). Unofficial.
Latest GMP: ₹14 6 sessions
Subscription (times)
Latest per-category subscription · as of 19 Aug, 05:20 pm IST.
NII 0.12x
BHNI 0.07x
RII 1.41x
Total 0.76x
About Mopshop Distribution
Mopshop Distribution Limited is a facility management supplies company incorporated in 2018 and headquartered in Vasai, Maharashtra. The company operates through a B2B model, providing cleaning tools and hygiene consumables to over 300 clients across various industries including BFSI, construction, healthcare, and facility management companies. The company distributes its products through a customized digital infrastructure and online order management platform, operating warehouses in 7 cities with a total capacity of around 20,000 sq. ft. and employing 115 people as of September 2025.
www.mopshop.in ↗Strengths
- Presence at Multiple Geographical LocationsThe company operates warehouses in 7 cities (Ahmedabad, Hyderabad, Bangalore, Gurugram, Chennai, Pune and Indore) with 20,000 sq. ft. warehousing capacity, enabling proximity to clients, scalability of services, standardization and quality control, cost efficiency, and stronger client retention.
- Online Order Management PlatformThe company has developed a robust digital platform providing end-to-end solutions for order placement, tracking, inventory monitoring, and delivery scheduling, offering clients real-time order status, data-driven insights, and enhanced operational efficiency through automation.
- Experienced PromotersThe company's promoters Prakash Hakim Singh and Bunty Hakim Singh Gaur have vast knowledge and experience in supplying facility management supplies, with their understanding of industry requirements and entrepreneurship helping accelerate profitable growth.
- Logistics SupportThe company provides comprehensive logistics management covering warehousing, inventory handling, last-mile delivery, and distribution support through strategically located facilities across key consumption centers, enabling faster turnaround times and reduced transportation costs.
Risk Factors
- Customer Dependency and Revenue Concentration RiskThe company operates a B2B platform serving over 300 clients but faces significant customer concentration, with the top 5 clients contributing 27.65% of revenue and top 10 clients representing 40.18% of total revenue for FY25. Loss of major facility management customers or reduction in order frequency could materially impact revenue and profitability.
- Single Product Category Dependency RiskThe company generates majority of its revenue from cleaning tools and hygiene consumables across 11 product verticals. Any underperformance, reduced demand, or increased competition in this single category could disproportionately impact overall financial results and business performance.
- Geographic Revenue Concentration RiskThe company demonstrates significant geographic concentration with Maharashtra contributing ₹2,803.55 lakhs (66.77%) of total revenue of ₹4,198.82 lakhs in FY25, followed by Haryana at ₹498.26 lakhs (11.87%). Economic downturns or disruptions in key regions could significantly impact revenue generation.
- Working Capital Intensive Operations and Cash Flow RiskThe company faces negative cash flow risks due to substantial working capital requirements for inventory investment and credit terms extended to customers. The company reported negative operating cash flows of ₹328.23 lakhs in FY23 and ₹49.80 lakhs in FY24, with current credit facility of ₹1,200.00 lakhs with Bank of India.
- Intense Competition and Pricing Pressure RiskThe company operates in highly fragmented markets with intense pricing pressure from unorganized local distributors offering lower prices and organized B2B platforms with greater resources. The low switching costs for customers and relatively standardized products create ongoing margin pressures and market share risks.
- Key Management and Founder Dependency RiskThe company's success depends heavily on promoters and key management personnel who possess industry relationships, strategic vision, and operational expertise. Their departure could result in loss of institutional knowledge, supplier relationships, and potential customer attrition in this relationship-driven industry.
- Foreign Exchange and Import Cost RiskThe company's direct import operations expose it to foreign exchange risks as products are procured in foreign currencies while selling in Indian Rupees. Rupee depreciation could increase import costs and impact margins, particularly given competitive market constraints on immediate price adjustments.
- Technology Platform Dependency RiskThe company's business model is centered on its online order management platform, making operations dependent on technology systems and digital functionality. System failures, cyber security incidents, or platform disruptions could affect order processing, inventory management, and customer relationships.
- Supplier Relationship and Supply Chain RiskThe company depends significantly on relationships with OEM partners and suppliers for quality branded products. Disruption in supplier relationships, changes in allocation policies, or supplier capacity constraints could affect product availability, pricing, and competitive positioning.
- Market Price Volatility and Trading RiskThe equity shares have never been publicly traded and may experience significant price and volume fluctuations after listing. The offer price determined through book-building may not reflect post-listing market value, and an active trading market may not develop or be sustained.
Objects of the Issue
- Repayment of all or a portion of certain outstanding borrowings availed by the CompanyThe company proposes to utilize the net proceeds towards repayment of outstanding borrowings from Bank of India to reduce existing borrowings, reduce finance cost, assist in maintaining a favorable debt-equity ratio and enable utilization of internal accruals for further investment in business growth.11.50 crores
- Purchase of Commercial Vehicles for transportation and logistical purposesThe company intends to purchase commercial vehicles including carrier trucks and Electric Vehicle tempos to strengthen transportation and logistics capabilities, ensure reliable last-mile connectivity and reduce dependency on third-party transporters across its warehouses.2.21 crores
- Funding of capital expenditure requirement towards setting up of Rooftop Grid Solar Power PlantThe company proposes to utilize the proceeds for setting up rooftop grid solar power plant at its warehousing facility located at Vasai, Palghar, Thane to ensure adequate and cost-effective supply of electrical power and reduce electricity costs.1.05 crores
- General Corporate PurposeThe company intends to deploy the balance net proceeds for general corporate purposes including strategic initiatives, partnerships, brand building, marketing activities, meeting operating expenses, working capital requirements and other purposes as approved by the Board.
- Offer related expensesThe company proposes to utilize a portion of the net proceeds towards meeting various offer related expenses including fees payable to intermediaries, regulatory expenses, listing fees, printing and distribution costs, and other miscellaneous expenses.
Financial Snapshot
Annual values as reported in the offer document.
| Year end | Revenue | Rev. growth | Profit | Profit growth | Assets | Equity | Operating cash flow |
|---|---|---|---|---|---|---|---|
| 31/03/2025 | 42.00 | +10.9% | 3.48 | +145.1% | 23.81 | 6.74 | 3.95 |
| 31/03/2024 | 37.86 | +26.1% | 1.42 | +75.3% | 18.12 | 2.92 | -0.50 |
| 31/03/2023 | 30.02 | — | 0.81 | — | 13.51 | 1.25 | -3.28 |
Units: crores
Issue Details
- Face Value
- ₹10
- P/E
- 28.60
- ROCE
- 56.00%
- Shares / Lot
- 1,000
- Minimum Bid
- 2,000 shares
- Refund
- 25 Aug 2026
- Credit to Demat
- 25 Aug 2026
- ISIN
- INE2F5H01015
- CIN
- U51909MH2018PLC310403
- Registrar
- Cameo Corporate Services Ltd.
- Lead Managers
- Khandwala Securities Ltd.
- Registered Office
- Gala No. C/7, Sagar Industrial Estate 1, Near Parabwa Chinchoti, Kol., Vasai Palghar, Thane- 401208, Maharashtra, India
Management
Prakash Hakim SinghMD
Bunty Hakim Singh GaurCEO
Anju Prakash SinghDirector
Nilesh MishraDirector
Vikas PaliwalDirector
Rahul JainCEO
Sachin TripathiCFO
Mukesh KumarCOO
Tanaji ManeDirector of Operations
Nitin TripathiDirector
* Grey Market Premium is unofficial, indicative data from unregulated grey-market dealers. It is not published by NSE, BSE, SEBI or the issuer, and is not a forecast of the listing price.