Mopshop Distribution IPO Day 2 Live: Retail jumps to 1.79x, Total at 0.96x

Mopshop Distribution IPO Day 2 Live: Retail jumps to 1.79x, Total at 0.96x - Check details

2 min read Updated on 20 Aug 2026, 12:19 PM

Reviewed by

Ritika DScanX News Team

AI Summary

Mopshop Distribution IPO Day 2 subscription stands at 0.96x, driven by a 4.1% jump in Retail interest to 1.79x. QIB and NII categories remain largely unbooked. The company, a B2B facility management supplier, reported FY25 revenue of ₹41.99 crores and PAT of ₹3.48 crores. The issue closes on August 21, 2026.

*this image is generated using AI for illustrative purposes only.

Mopshop Distribution Limited’s public issue is in its second day of subscription, with investor interest picking up pace in the Retail segment. The total subscription has ticked up to 0.96x as of the latest update on August 20, 2026. While the issue remains undersubscribed overall, the Retail category is racing ahead, jumping +4.1% intra-day to reach 1.79x. In contrast, Qualified Institutional Buyers (QIB) and Non-Institutional Investors (NII) have shown minimal participation, leaving the bulk of the demand from individual investors.

Subscription Status

The IPO opened on August 19, 2026, with negligible traction on Day 1. On Day 2, the Retail segment drove the momentum, increasing from 1.41x to 1.79x. The QIB category remains unbooked at 0.00x.

Category	Day 1 (18-08-2026)	Day 2 (19-08-2026)	Day 3 (20-08-2026)	Current Total
QIB	0.00x	0.00x	0.00x	0.00x
NII (bHNI)	0.00x	0.00x	0.07x	0.07x
NII (sHNI)	0.00x	0.00x	0.00x	0.00x
Retail	0.00x	1.41x	1.79x	1.79x
Total	0.00x	0.76x	0.96x	0.96x

Intra-day timeline on 20-08-2026

Time (IST)	QIB	NII (bHNI)	Retail	Total
05:45	0.00x	0.00x	1.72x	0.93x
06:45	0.00x	0.00x	1.79x	0.96x

About the Company

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. It distributes 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.

Financial Highlights

The company has shown consistent revenue growth over the last three years. Revenue from operations increased from ₹30.02 crores in FY23 to ₹41.99 crores in FY25. Profit after tax also improved, rising from ₹0.81 crores in FY23 to ₹3.48 crores in FY25.

Particulars	FY23 (₹ crores)	FY24 (₹ crores)	FY25 (₹ crores)
Revenue from Operations	30.02	37.85	41.99
Profit After Tax	0.81	1.42	3.48
Total Equity	1.25	2.92	6.74

Objects of the Issue

Repayment of outstanding borrowings from Bank of India: ₹11.50 crores
Purchase of Commercial Vehicles for transportation and logistical purposes: ₹2.21 crores
Funding capital expenditure for Rooftop Grid Solar Power Plant: ₹1.05 crores
General Corporate Purpose: Balance net proceeds
Offer related expenses: Portion of net proceeds

Risk Factors

Customer Dependency and Revenue Concentration Risk: Top 5 clients contributed 27.65% of revenue in FY25.
Single Product Category Dependency Risk: Majority of revenue comes from cleaning tools and hygiene consumables.
Geographic Revenue Concentration Risk: Maharashtra contributed 66.77% of total revenue in FY25.

Key Dates

Issue Open Date: 2026-08-19
Issue Close Date: 2026-08-21
Allotment Date: 2026-08-24
Listing Date: 2026-08-26

How might the complete lack of QIB subscription impact the final allotment ratio for retail investors and the potential listing gains?

Given that 66.77% of revenue is concentrated in Maharashtra, what specific expansion strategies will Mopshop employ to diversify its geographic risk post-IPO?

Will the company's plan to repay ₹11.50 crores in bank debt significantly improve its net interest cost and overall profitability margins in FY26?