Gaurik Fashions files DRHP with SEBI to raise funds via IPO

Gaurik Fashions IPO: Gaurik Fashions, a leading franchise-based business specialising in apparel and sportswear, has filed a draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) to raise funds via an initial public offering.

The proposed initial share sale consists of a fresh issuance of 62 lakh shares and an offer for sale (OFS) of 8 lakh shares by investor selling shareholder Aries Opportunities Fund Ltd.

The net proceeds from the issue will be used for the following objectives:

• Establish new stories for Skechers
• Investment in wholly owned subsidiary Gaurik Lifestyle Pvt Ltd for setting up new stores for Guess?
• Investment in subsidiary Nuvora Retail Pvt Ltd for establishing new stores and funding initial inventory for Bugatti
• Debt repayment
• Investment in subsidiaries Gaurik Lifestyle Pvt Ltd and Nuvora Retail Pvt Ltd to repay outstanding borrowings
• General corporate purposes

Credora Partners and Unistone Capital are the issue's book-running lead managers, while Mass Services Ltd is the registrar.

The company's shares will be listed on the National Stock Exchange (NSE) and the BSE.

The company will reserve half of the net offer for qualified institutional buyers (QIBs), 35% for retail investors and 15% for non-institutional investors (NIIs).

About Gaurik Fashions

Gaurik Fashions is involved in the retail and distribution business of fashion and lifestyle brands in India. It has a network of 59 stores across 14 states and union territories as of March 2026. It is associated with globally recognised brands across the categories of footwear, apparel, and accessories. It offers a comprehensive range of products across categories of various brands like Skechers, Bugatti, Guess?, and Sweaty Betty.

It has established its presence across India through stores located at high-footfall locations across cities, including leading malls like DLF Mall of India, Noida; DLF CyberHub, Gurugram; Select Citywalk, Saket, New Delhi; Nexus Ahmedabad One, Ahmedabad; DLF Promenade, Vasant Kunj, New Delhi; Inorbit Mall, Cyberabad, Hyderabad; and others.