Gaurik Fashions Files DRHP: Check Details
Gaurik Fashions plans retail expansion and debt repayment through its proposed IPO as the premium fashion retail segment continues to grow in India.
Quick Summary
Tata Power Q4 Results: Gaurik Fashions IPO: Gaurik Fashions has filed its DRHP with SEBI for an IPO comprising a fresh issue of 62 lakh shares and an OFS of 8 lakh shares. The company plans to use the proceeds for retail expansion, debt repayment, and strengthening its fashion and lifestyle business.
Gaurik Fashions IPO: On 10th May 2026, Gaurik Fashions, a franchise-led apparel and sportswear retailer, filed its Draft Red Herring Prospectus (DRHP) with SEBI to launch its initial public offering (IPO).
As per DRHP, Gaurik Fashions' IPO consists of a fresh issue of 62 lakh equity shares and an offer for Sale (OFS) of 8 lakh equity shares at a face value of Rs 10 per share.
The company’s shares are proposed for listing on NSE and BSE. Credora Partners and Unistone Capital are acting as the book-running lead managers for the issue.
The company has not yet announced the dates for the anchor investor bidding, IPO opening, or IPO closing.
Gaurik Fashions IPO – Issue Details
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Issue Type: Book-built IPO (Fresh Issue + OFS)
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Fresh Issue: Up to 62 lakh equity shares
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Offer for Sale (OFS): Up to 8 lakh equity shares by Aries Opportunities Fund Ltd
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Face Value: ₹10 per equity share
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Proposed Listing: The equity shares are proposed to be listed on National Stock Exchange (NSE) and BSE. The price band and bid lot will be decided in consultation with the book-running lead managers.
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Book Running Lead Managers: Credora Partners Private Limited and Unistone Capital Private Limited
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Registrar: Mas Services Limited
How Gaurik Fashions Plans to Use IPO Funds
The company intends to utilise the net proceeds from the IPO for multiple growth initiatives, including:
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Opening new Skechers stores
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Investment in subsidiary Gaurik Lifestyle Pvt Ltd for expanding Guess? stores
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Funding new Bugatti stores through subsidiary Nuvora Retail Pvt Ltd
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Repayment of outstanding debt
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General corporate purposes
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Nexus Ahmedabad One
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Inorbit Mall, Hyderabad
Gaurik Fashions Financial Performance
According to the DRHP, the company has reported steady growth in revenue and profitability over the last three financial years.
|
Financial Year |
Total Income (Cr) |
Revenue from Operations (Cr) |
Net Profit (Cr) |
Diluted EPS |
|
31 Mar FY25 |
₹226.08 |
₹220.4 |
₹12.26 |
₹7.04 |
|
31 Mar FY24 |
₹175.31 |
₹172.0 |
₹3.49 |
₹2.35 |
|
31 Mar FY23 |
₹58.41 |
₹57.98 |
₹0.35 |
₹0.25 |
Source: Gaurik Fashions DRHP
The company’s revenue from operations rose to ₹220.40 crore in FY25 from ₹172 crore in FY24, while profit after tax increased to ₹12.26 crore. Diluted earnings per share (EPS) also improved to ₹7.04 in FY25 from ₹2.35 in FY24.
Gaurik Fashions IPO Reservation Details
The company may also consider a pre-IPO placement before filing the final prospectus.
|
Investor Category |
Reservation |
|
QIBs |
~ 50% |
|
Retail Investors |
~ 35% |
|
NIIs |
~ 15% |
About Gaurik Fashions IPO
Founded in 2017, Gaurik Fashions operates in the retail and distribution business for global lifestyle and fashion brands in India. The company initially started with sportswear distribution and later entered the retail segment through Skechers exclusive brand outlets.
Over the years, it expanded its portfolio by partnering with brands such as:
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Skechers
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Guess?
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Bugatti
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Sweaty Betty
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Ray-Ban (through Luxottica arrangement)
As of March 2026, the company operated 59 stores across 14 states and union territories under franchise-owned and company-operated models.
Its stores are present in several premium shopping destinations, including DLF Mall of India, Noida, Select Citywalk, New Delhi, DLF CyberHub, Gurugram, DLF Promenade, Vasant Kunj, Nexus Ahmedabad One, and others.
Conclusion
Gaurik Fashions’ proposed IPO comes at a time when premium fashion and lifestyle retail demand is growing steadily in India. With expanding partnerships, rising profitability, and a wider retail footprint across major cities, the company aims to strengthen its presence in the branded apparel segment while supporting future expansion and balance sheet improvement.