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Mopshop Distribution IPO to close Friday at ₹138 per share
The IPO is priced at ₹138 and targets up to ₹11.98 crore for loan repayment, with shares expected to list on BSE SME on Aug. 26.
Mopshop Distribution Limited launched its initial public offering on Aug. 19 and is set to close on Aug. 21 at an offer price of ₹138 per equity share, with a ₹10 face value per share. Bids are accepted in lots of 1,000 equity shares, in multiples of 1,000 shares thereafter.
The company expects its allotment to be finalized on Aug. 24, with listing scheduled for Aug. 26 on the BSE SME platform. LiveMint Markets said the grey market premium is about +22 on the day, implying an estimated listing price of ₹160 per share, which is 15.9% above the IPO price.
Mopshop Distribution is offering a fresh issue of 15.01 lakh equity shares plus an offer for sale of 3.75 lakh shares by a promoter. The firm reported total income of ₹42 crore and profit after tax of ₹3.48 crore in FY25, and serves clients including BFSI, construction and real estate, healthcare, and facility management companies.
As of day 1, subscription stands at 29%, with the retail portion subscribed 56% and the NII portion booked 2%. Proceeds from the fresh issue are planned primarily for repayment of loans, with additional funding for commercial vehicles and for setting up a rooftop grid connected solar power plant at its warehousing facility in Vasai, Palghar, Maharashtra.