Gaurik Fashions, a key player in India's franchise-based apparel and sportswear retail sector, has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI). The filing signals the company's intent to launch an Initial Public Offering (IPO) to fuel its ambitious growth plans.
IPO Details and Fund Utilization
The proposed IPO will consist of a fresh issue of 62 lakh equity shares, alongside an Offer for Sale (OFS) of 8 lakh shares by the investor selling shareholder, Aries Opportunities Fund. The funds raised through this public offering are earmarked for several strategic initiatives:
- Establishing new Skechers retail outlets across India.
- Investing in its wholly-owned subsidiary, Gaurik Lifestyle, to open new Guess brand stores.
- Allocating capital to Nuvora Retail, another subsidiary, for the launch of new Bugatti stores and initial inventory procurement.
- Repaying outstanding borrowings for both Gaurik Lifestyle and Nuvora Retail.
- Addressing general corporate purposes.
Credora Partners and Unistone Capital have been appointed as the book-running lead managers for the issue, with MAS Services acting as the registrar. The company's shares are slated for listing on both the National Stock Exchange (NSE) and BSE Ltd.
The IPO structure reserves 50 percent of the net offer for Qualified Institutional Buyers (QIBs), 35 percent for retail investors, and 15 percent for non-institutional investors, ensuring broad participation across investor categories.
Company Profile and Market Presence
Gaurik Fashions specializes in the retail and distribution of popular fashion and lifestyle brands throughout India. As of March 2026, the company boasted an extensive network of 59 stores, strategically located across 14 states and Union Territories. Its portfolio includes a diverse range of footwear, apparel, and accessories from renowned international brands such as Skechers, Bugatti, Guess, and Sweaty Betty, in addition to Ray-Ban.
The company's stores are positioned in high-footfall commercial hubs and premium shopping destinations. Notable locations include DLF Mall of India in Noida, DLF CyberHub in Gurugram, Select Citywalk in Saket, New Delhi, Nexus Ahmedabad One, DLF Promenade in Vasant Kunj, New Delhi, and Inorbit Mall in Cyberabad, Hyderabad, among others.
Financial Highlights
For the period ending December 31, 2025, Gaurik Fashions reported a significant expansion in its EBITDA margin, reaching 26.14 percent. Brand-specific performance data also showcased strong operational metrics:
- Skechers: Recorded an average revenue per square foot of Rs 16,157 and an average selling price (ASP) of Rs 4,284.
- Guess: Achieved an average selling price of Rs 7,299 and an average order value (AOV) of Rs 11,303.
- Bugatti: Demonstrated robust performance with an average revenue per square foot of Rs 46,636.
These financial indicators underscore Gaurik Fashions' strong market position and efficient operational management as it prepares for its public market debut.