IPO Alert: Gaurik Fashions, Skechers Retailer All Set TO Launch Its IPO, Files DRHP | All You Need To Know

Gaurik Fashions has submitted its draft red herring prospectus to Sebi, seeking approval for an initial public offering. The New Delhi-based retailer plans a fresh issue of 62 lakh equity shares and an offer for sale of 8 lakh shares by Aries Opportunities Fund.

The company intends to list the Gaurik Fashions IPO on both BSE and National Stock Exchange. Most of the capital raised is planned for expanding branded retail operations, with a strong focus on new outlets for global footwear label Skechers across key Indian markets.

Gaurik Fashions IPO use of proceeds and retail expansion

Besides Skechers, Gaurik Fashions will route part of the IPO proceeds into subsidiary Gaurik Lifestyle to set up additional Guess stores. Another subsidiary, Nuvora Retail, is expected to receive funds to grow the Bugatti network, including support for first-phase inventory requirements at upcoming locations.Business profile and performance ahead of Gaurik Fashions IPO

Gaurik Fashions operates as a franchise partner for global apparel and sportswear brands in India. As of March 2026, the company oversaw 59 outlets across 14 states and union territories, including stores in DLF Mall of India, DLF CyberHub, Select Citywalk and DLF Promenade in Delhi NCR.

The retailer reported an EBITDA margin of 26.14%, supported by performance across Skechers, Guess and Bugatti. For the nine months ended December 2025, Skechers stores delivered average revenue of Rs 16,157 per square foot, while Bugatti locations generated Rs 46,636 per square foot during the same period.

Guess outlets under Gaurik Fashions showed traction in the premium fashion segment. The company reported an average selling price of Rs 7,299 for Guess products and an average order value of Rs 11,303, suggesting steady demand among customers seeking higher-priced lifestyle offerings in urban centres.

A portion of the Gaurik Fashions IPO proceeds is also earmarked for reducing borrowings at both the parent company and subsidiaries. Remaining funds will support general corporate purposes. Credora Partners and Unistone Capital are the book-running lead managers, while MAS Services is acting as registrar to the proposed issue.