Mopshop Distribution Ltd.
MOPSHOPSME
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Overview
Mopshop Distribution Limited is a B2B distributor and digital procurement integrator for facility management supplies in India, focused on cleaning tools and hygiene consumables such as tissues, disinfectants, dispensers, garbage bags, bins, mops and equipment. The company uses an online order management platform and an asset-light model to manage procurement, warehousing and fulfilment, serving a client base of 300+ customers across India with warehouses across multiple cities and coverage across thousands of client sites.
Opening Date
Aug 19, 2026
Closing Date
Aug 21, 2026
Listing Date
Aug 26, 2026
IPO Type
SME
IPO Status
Open
Issue Size
27.26 Cr
Fresh Issue
22.08 Cr
Offer for Sale
5.18 Cr
Price Band
₹138 - ₹138
Lot Size
1000
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
Use of IPO funds
Key Performance Indicator
P/E Ratio
22.22
EPS
6.21
ROE
43.43%
ROCE
32.35%
RONW
43.43%
Debt to Equity Ratio
1.02
PAT Margin
11.61%
EBITDA Margin
17.84%
P/B
0.87
Bull vs Bear
Bull case
- •
The online ordering platform can lock in repeat buying, because it becomes part of a customer’s routine and systems, not just a supplier choice.
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Warehouses across 7 cities plus planned in-house vehicles can improve delivery control, which matters when corporate clients need reliable, on-time replenishment.
- •
Industry growth of 11–13% creates room for organized suppliers, so a scaled player can grow without stealing share from everyone else.
Bear case
- •
Customers buy without long-term contracts, so order volumes can drop quickly if service slips or a cheaper distributor appears, hurting revenue stability.
- •
Most revenue depends on cleaning tools and hygiene consumables, so any slowdown in this core category can hit the whole business at once.
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66.77% revenue comes from Maharashtra, so local disruptions or stronger local competition could impact cash flows more than investors expect.
Net takeaway
The long-term story is a B2B facility-supplies distributor using a digital ordering platform and a multi-warehouse network to become a reliable, repeat supplier for corporate clients. This can work if service stays consistent and the platform keeps customers ordering, but it can go wrong because clients aren’t locked into contracts and revenue is concentrated by geography and category. The one thing to monitor is customer retention and order frequency, especially in Maharashtra.
Subscription Rate
