Mopshop Distribution IPO
smelistedAbout the company
Incorporated in 2018, Mopshop Distribution provides Facility Management Supplies (FMS), mainly cleaning tools and hygiene consumables through a B2B business model. Its customers operate across sectors such as Banking, Financial Services and Insurance (BFSI), 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, and tool kits. The company offers products across eleven different verticals. Paper & Tissue products contributed 20.45% of revenue for 11MFY26, followed by Kitchen & Pantry Supplies at 17.79%, Waste Management Solutions at 20.79% and Cleaning Chemicals & Solutions at 14.43%. Cleaning Equipment & Tools was 14.01%, Textile & Fabric Care was 7.61% and Storage & Organization was 0.73%. The rest of the revenue came from categories like Safety & PPE, Facility Management Supplies and Uniforms. The company operates warehouses in seven cities: Ahmedabad, Hyderabad, Bangalore, Gurugram, Chennai, Pune, and Indore. As of February 28, 2026, total warehousing capacity was around 20,000 square feet. Maharashtra contributed 66.97% of revenue followed by Haryana at 10.41% and Karnataka at 6.47% in 11MFY26. Facility Management accounted for 90.15% of revenue during 11MFY26. Banking contributed 2.40%, Financial & Insurance 3.25%, Construction and Real Estate 4.01%, and Healthcare 0.19%. The company has developed an online order management platform specifically for facility management supplies. Customers can place orders, receive confirmations, track orders, monitor inventory, and schedule deliveries through the platform.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 21 Aug | ₹18 | ₹156 | +1 |
| 20 Aug | ₹17 | ₹155 | +1 |
| 19 Aug | ₹16 | ₹154 | -1 |
| 18 Aug | ₹17 | ₹155 | +2 |
| 17 Aug | ₹15 | ₹153 | -1 |
| 16 Aug | ₹16 | ₹154 | -1 |
| 15 Aug | ₹17 | ₹155 | +3 |
| 14 Aug | ₹14 | ₹152 | 0 |
Strengths
- Growing B2B Customer Base: The company serves 300+ active clients across 7,000+ sites every month , giving it a broad business-to-business customer network.
- Digital Ordering Platform: Its B2B online platform supports repeat ordering, budget tracking and real-time order status, helping streamline procurement for customers.
- Specialised Product Portfolio: The company focuses on cleaning tools and hygiene consumables, including tissues, disinfectants, microfiber products, bins and other facility-management supplies.
- Diversified Client Industries: Mopshop serves customers across sectors such as BFSI, healthcare, construction, real estate and facility management.
- Logistics and Facility Management Opportunity: Growing demand for professional facility-management and hygiene solutions can support the company’s long-term business growth.
Risks
- Customer Retention Risk: Customers are generally not tied to long-term contracts and may reduce orders or switch to local distributors or direct procurement.
- Product Concentration: A majority of revenue comes from cleaning tools and hygiene consumables, making the company dependent on demand in a relatively narrow product category.
- Intense Competition: The company competes with organised distributors as well as unorganised local suppliers that may offer lower prices.
- Working Capital Risk: Distribution businesses require sufficient inventory and working capital to maintain product availability and fulfil customer orders.
- Supplier Dependence: Any disruption in product sourcing, pricing or availability could affect the company’s ability to serve customers and maintain margins.
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed19 Aug 2026Bidding starts for all investor categories
IPO Closes
Completed21 Aug 2026Last day to place your bid
Basis of Allotment
Completed23 Aug 2026Share allotment finalised
Refund Initiation
Completed24 Aug 2026Refunds credited for non-allottees
Credit to Demat
Completed25 Aug 2026Allotted shares credited to demat account
Listing on Exchange
Completed26 Aug 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1000 | ₹138,000 | 1 | ₹138,000 | 1 lot only |
| HNI | 2 | 2000 | ₹276,000 | 2 | ₹276,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 978,261 | 13.5 | 0 | 0.00x | 100% |
| NII | 15% | 293,478 | 4.05 | 35,217 | 0.12x | 100% |
| Retail | 35% | 684,783 | 9.45 | 986,088 | 1.44x | 69.4% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
Date-wise daily subscription (all categories)
| Date / Day | Retail (x) | QIB (x) | NII (x) | EMP (x) | OTHER (x) | Total (x) | Total |
|---|---|---|---|---|---|---|---|
19 Aug Day 1 | 0.21x | 0.00x | 0.02x | 0.00x | 0.00x | 0.11x | 0.34x |
20 Aug Day 2 | 0.88x | 0.00x | 0.07x | 0.00x | 0.00x | 0.40x | 1.35x |
21 Aug Day 3 | 1.44x | 0.00x | 0.12x | 0.00x | 0.00x | 0.78x | 2.34x |
Date-wise cumulative subscription figures per category, refreshed each bidding day.