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₹138 - 138
Mopshop Distribution Ltd
TradingIPOSME
₹138 - 138
Our Company is engaged in the business of providing Facility Management Supplies (FMS). Headquartered in Vasai, Maharashtra, and established in 2018, the company has built a strong presence through its business-to-business (B2B) model. With a focus on cleaning tools and hygiene consumables, our Company serves an extensive and diversified client base, spanning across various industries like Banking, Financials and Insurance (BFSI), construction and real estate, healthcare and also caters to the needs and requirements of various facility management companies with an operational footprint across multiple geographical locations and a growing roster of over 300 clients across India.
Lot1,000Min Invest₹2,76,000Face Value₹10Issue Size₹27 CrFresh Issue₹22 CrOffer for Sale₹5 CrListing Price₹137CMP₹91
Timeline
19 Aug
Bidding opens
21 Aug
Bidding closes
24 Aug
Allotment
25 Aug
Refund & demat credit
26 Aug
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹27 Cr0.20 Cr shares
Fresh Issue₹22 Cr
Offer for Sale₹5 Cr
Face Value₹10
Lot Size1,000 shares
ReservationNII 50% · RETAIL 50%
Application Sizes
Retail₹2,76,0001-1 lots
sNII₹2,76,000from 2 lots
bNII₹11,04,000from 8 lots
Managers & Registrar
Lead ManagerKhandwala Securities Limited
RegistrarCameo Corporate Services Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrPrakash Hakim SinghPRMTR3,75,0005.17Total3,75,0005.17
Shareholding
CategoryPre IPOPost IPOPromoter Group99.99%72.57%Public0.01%27.43%
Objects of the Issue
- Repayment of all or a portion of certain outstanding borrowings availed by the Company
- Purchase of Commercial Vehicles for transporation and logistical purposes
- Funding of capital expenditure requirement towards setting up of Rooftop Grid Solar Power Plant at the company Warehousing Facility located at Vasai, Palghar, Thane 401208
- General Corporate Purpose
- Offer related expenses
Anchor Book
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 18 | 30 | 38 | 42 | 45 |
| Operating ProfitCr | 0 | 1 | 3 | 6 | 8 |
| OPM% | 2.1 | 4.6 | 7.7 | 14.6 | 17.8 |
| PBTCr | 0 | 1 | 2 | 5 | 7 |
| PATCr | 0 | 1 | 1 | 3 | 5 |
| EPS | 0 | 811 | 640 | 6 | 10 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 0 | 1 | 6 |
| ReservesCr | 0 | 1 | 3 | 6 | 6 |
| BorrowingsCr | 0 | 4 | 7 | 5 | 12 |
| Total AssetsCr | 5 | 14 | 18 | 24 | 38 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | - | -3 | -1 | 4 | -4 |
| Investing Cash FlowCr | - | 0 | 0 | 0 | -3 |
| Financing Cash FlowCr | - | 4 | 2 | -3 | 6 |
| Net Cash FlowCr | - | 0 | 1 | 1 | -1 |
Strengths & Risks
Strengths · as stated in the DRHP
- Presence at Multiple Geographical Locations.
- Online Order Management Platform.
- Experienced Promoters.
- Logistical Support.
Strategies · as stated in the DRHP
- Repayment of Loans for effective working capital management to increase financial efficiency.
- Improving Logistics by Investing in Commercial Vehicles.
- Investment in Rooftop Solar Power Plants.
- Leveraging of our marketing skills and relationships.
Risks · as stated in the DRHP
- The company's business could be adversely affected if the company's customers fails to renew their accounts with it or reduce their order frequency through its B2B online order management platform.
- The Company generates majority of its revenue by supplying products under single category namely cleaning tools and hygiene consumables and any underperformance in supplying products under this category could adversely affect its overall financial results.
- A significant portion of the company's revenue is derived from regions surrounding its warehouse locations, and transportation costs create geographic concentration risks that could adversely affect the company's business.
- There are outstanding legal proceedings involving the Company, its Directors, the company's Promoters and KMP/SMP. Any adverse decisions could impact its cash flows and profit or loss to the extent of demand amount, interest and penalty, divert management time and attention and have an adverse effect on the company's business, prospects, results of operations and financial condition.
- The company serves a concentrated client base in the facility management sector, and the loss of any major customers would have a material adverse effect on its business operations and profitability.
- The company faces risks from evolving customer purchasing behaviors and preferences.