Mopshop Distribution IPO Review, Financial Analysis & Valuation

In-depth editorial analysis, statutory financial disclosures, and peer valuation metrics to help you evaluate if the Mopshop Distribution IPO is good or bad.

Business Overview

Mopshop Distribution Limited, founded in 2018, is one of the leading Facility Management Supplies (FMS) providers. They provide products and services used for managing and maintaining facilities. Its product portfolio includes cleaning and hygiene products, including Microfiber cloths, Surface Disinfectants, Sensor-based Dispensers, Bio-degradable Garbage Bags, Tissue Papers, Pedal Bins, Wringer Buckets, Vacuum Cleaners, Air Fresheners, Tool Kits, and related accessories.

Financial Performance

Period EndedRevenueExpenseAssetsPAT
2023₹30.02₹28.93₹13.41₹0.81
2024₹37.86₹35.97₹17.80₹1.42
2025₹42.00₹37.32₹23.64₹3.48
February 2026₹44.66₹37.75₹37.80₹5.18

Peer Comparison & Valuation

Compare the valuation of Mopshop Distribution against its listed industry peers to determine if the issue price is justified.

EPSCompanyPE RatioIncomeRoNW %NAV
7.99Niparo Trading Private Limited14.58 Cr.2.38%335.66
74.34Miraclean Tools private limited7.17 Cr.3.84%1,970.39

Should you apply for the Mopshop Distribution IPO?

Determining whether the Mopshop Distribution IPO is good or bad requires evaluating the company's financial growth trajectory, the sector's macroeconomic tailwinds, and the premium demanded by the promoters in the price band.

  • Review the PAT (Profit After Tax) margins in the financials table above to ensure profitability is not artificially inflated just before the IPO.
  • Examine the P/E Ratio in the peer comparison section. A lower P/E relative to industry peers may indicate an undervalued issue.
  • Monitor the QIB subscription data on the final day, as heavy institutional buying is a strong indicator of smart-money confidence.