Mopshop Distribution IPO Achieves Strong Retail Demand; Facility Supplies SME Fully Subscribed on Day Two
Maharashtra-based facility management supplies provider, Mopshop Distribution, saw its Initial Public Offering (IPO) fully subscribed on August 20. The strong showing was primarily driven by robust demand from retail investors during the second day of bidding.The company is offering a total of 19.75 lakh shares through the IPO at a fixed issue price of ₹138 per share, raising Rs 27.25 crore. This amount includes a fresh issue of 16 lakh shares and an offer for sale (OFS) by promoter Prakash Hakim Singh involving 3.75 lakh shares.
##IPO Subscription Details and Investor Response
The public offering received a subscription of 1.07 times based on 1,015 applications across 21.15 lakh shares. The retail portion reserved for individual investors achieved a significant subscription rate of 2.09 times. Meanwhile, the Non-Institutional Investor (NII) allocation was subscribed at 16 percent.
The final closing date for the public issue has been set for August 21. Khandwala Securities is serving as the merchant banker for Mopshop Distribution's IPO.
##Financial Performance and Corporate Overview
Incorporated in 2018, Mopshop Distribution specializes in providing facility management supplies. Its product range includes essential cleaning tools and hygiene consumables. The company caters to a diverse clientele base including BFSI firms, construction sectors, insurance companies, healthcare entities, and various facility management organizations.
Financially, the company reported a profit of Rs 5.17 crore and revenue of Rs 44.6 crore for the 11-month period ending February 2026. Looking at FY25, profitability saw a substantial rise, with profit growing 145.6 percent to Rs 3.5 crore from the prior year's Rs 1.4 crore.
##Planned Allocation of IPO Proceeds
Mopshop has outlined a clear strategy for utilizing the proceeds generated by this offering. A significant portion, specifically Rs 11.98 crore of the net fresh issue proceeds, is earmarked for debt repayment. Furthermore, Rs 2.6 crore will be dedicated to purchasing commercial vehicles necessary for logistics and transportation needs.
The company also has ambitious plans for sustainable operations. Rs 1.05 crore is allocated toward establishing a grid-connected solar power plant at its warehousing facility in Vasai, Maharashtra. The remaining funds are slated for general corporate purposes (Rs 3.3 crore) and issue-related expenses (Rs 3.13 crore).
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