Mopshop Distribution IPO opens August 19, price fixed at Rs 138 per share
The facility management supplies company plans to deploy most of its fresh capital toward deleveraging while expanding logistics and sustainable infrastructure.
Mopshop Distribution, a facility management supplies firm, is set to launch its initial public offering (IPO) on August 19 to bolster its financial standing and fuel growth. The shares will trade at a fixed price of Rs 138 per equity share and will remain open for subscription until August 21. The company aims to utilize the proceeds for loan repayments, purchasing commercial vehicles, and constructing a rooftop solar power plant.
CEO Rahul Jain highlighted the IPO's role in strengthening the financial position, enhancing logistics capabilities, and investing in sustainability. With total revenue of Rs 42 crore and a profit after tax of Rs 3.48 crore in FY25, the firm is poised to capitalize on emerging opportunities and bolster its market position. Khandwala Securities Ltd is the lead manager for the IPO.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
