BSE SME Mopshop Distribution struggles to make a clean start
Mumbai, Aug. 26 -- The scrip was listed at Rs 137, matching the initial public offer (IPO) price. The stock is currently down 0.72% over its listing price.
The counter hit a high of Rs 137 and a low of Rs 137. About 1.53 lakh shares of the company changed hands at the counter.
Mopshop Distribution's IPO was subscribed 1.56 times. The issue opened for bidding on 19 August 2026 and it closed on 21 August 2026. The price of the IPO was fixed Rs 138 per share.
The IPO comprised 19.75 lakh equity shares, including a fresh issue of 16 lakh shares and an offer for sale of 3.75 lakh shares by selling shareholder Prakash Hakim Singh. Following the issue, the promoter's holding will decline to 72.57% from 99.99%.
The company intends to utilize ...
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