About Gaurik Fashions IPO
Gaurik Fashions IPO Details
Gaurik Fashions IPO is a 100% book-built issue comprising up to 70 lakh equity shares, comprising a fresh issue of 62 lakh shares and an offer for sale of 8 lakh shares, with a face value of ₹10 per share. The company filed its DRHP with SEBI on May 10, 2026.
The price band of the issue is set between ₹[] to ₹[] per share and the lot size for an application is [] shares. The minimum amount of investment required by an individual investor is ₹[] ([] shares). The IPO will open for subscription from [] to [], on the BSE and the NSE platforms, with a tentative listing date fixed as []. The book-running lead managers of the issue are Credora Partners Private Limited and Unistone Capital Private Limited, while Mas Services Limited is the registrar to the offer.
Gaurik Fashions IPO Date & Timeline
Gaurik Fashions Ltd. officially filed its Draft Red Herring Prospectus (DRHP) on May 10, 2026. However, the specific Gaurik Fashions IPO date and subscription timeline remain unannounced. Following regulatory approval, the company will finalize the price band and bidding dates. Once cleared, the schedule for anchor allotment, public bidding and the final listing on the exchange will be formally disclosed.
Gaurik Fashions IPO Timeline
| IPO Open Date | - |
| IPO Close Date | - |
| Basis of Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Listing Date | - |
| Cut-off time for UPI mandate confirmation | - |
Gaurik Fashions IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹ 10 Per Equity Share |
| Issue Price Band | - |
| Lot Size | - |
| IPO Type | Fresh Issue + Offer For Sale |
| Total Issue Size | 70,00,000 shares (agg. up to ₹[.] Cr) |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | 62,00,000 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 8,00,000 shares of ₹10 (agg. up to ₹[.] Cr) |
| Net Offered to Public | - |
| Issue Type | Book Built Issue |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,05,32,578 shares |
| Share Holding Post Issue | 2,67,32,578 shares |
Gaurik Fashions IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Gaurik Fashions IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Company Background
A fashion and lifestyle brand, Gaurik Fashions Ltd., was incorporated in India on March 24, 2017, as a private limited company, but then, to proceed with its public listing procedures, the company converted into a public limited company on November 28, 2024.
Within a decade of operation, the company expanded with a network of 59 stores across 14 states and union territories by using its integrated business model that covers both the retail and distribution operations and helps in building the brand presence across different market segments.
Operations & Product Range
Gaurik Fashions Ltd. operates in the distribution of sportswear and lifestyle brands and has been expanding its brand management and retail distribution business since 2017. In 2019, the company entered the direct retail segment by launching Exclusive Brand Outlets (EBOs). Its business primarily caters to urban consumers looking for globally recognized athletic and lifestyle apparel and footwear, with operations focused on specific regional markets to align with local consumer preferences and economic trends.
Facilities & Capacity
Gaurik Fashions Ltd. manages its operations through its corporate office in Bengaluru, which oversees its retail outlets and distribution network. The company operates Exclusive Brand Outlets for major partner brands and handles substantial inventory along with point-of-sale (POS) systems across multiple store locations. Its future retail expansion plans are expected to be supported through the proposed utilization of the fresh issue proceeds.
Brands & Market Presence
Gaurik Fashions Ltd. has established its presence in the activewear and lifestyle segment through partnerships with globally recognised brands. The company operates Exclusive Brand Outlets for Skechers and also manages distribution for brands such as Adidas, Puma and Reebok. Its market presence is mainly focused on expanding retail networks within regional Indian markets while connecting international fashion brands with domestic consumers.
Revenue Streams & Business Model
Gaurik Fashions Ltd. primarily earns revenue through the retail sale of sportswear and lifestyle products across its brand outlets and distribution channels. Its business model is based on maintaining franchise and distribution agreements for premium global brands. The company also operates through subsidiaries that contribute to its consolidated revenue, including Gaurik Lifestyle Private Limited and Gaurik South Private Limited, which were recently reclassified as direct subsidiaries to streamline financial reporting.
Financial Performance
Gaurik Fashions Ltd. has demonstrated significant growth in its financial performance over recent years. Total income rose consistently from ₹58.41 crore in FY23 to ₹226.08 crore in FY25. EBITDA reached ₹57.07 crore in FY25, while profit after tax (PAT) expanded sharply to ₹12.26 crore. Additionally, diluted earnings per share (EPS) grew to ₹7.04 in FY25, reflecting strong profitability across operations.
Management & Shareholding
Gaurik Fashions Ltd. is promoted by Vishnu Pillai, Rajesh Dudi, Swati Sinha and Isha Dudi. Before the IPO, the promoters held a 63.45% stake in the company, but after the IPO, the promoters' shareholding will be diluted as the offering includes 8 lakh equity shares of face value ₹10 per share to be sold by the existing shareholders.
Board & Key Management
Gaurik Fashions Ltd. is led by experienced professionals overseeing its strategic and operational activities. Vishnu Pillai serves as the Promoter and Managing Director and brings over 19 years of experience in the retail fashion industry, brand management and retail operations for global brands. Isha Dudi is a Promoter and Executive Director involved in corporate governance and operational oversight, while Yogita serves as the Company Secretary and Compliance Officer, overseeing the company’s regulatory compliance framework.
Gaurik Fashions IPO Financial Information
Latest Revenue
₹ 202.59 Cr
Profit After Tax
₹ 17.33 Cr
Net Worth
₹ 77.62 Cr
Total Borrowing
₹ 71.19 Cr
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Dec 2025 | 366.45 | 202.59 | 17.33 | 77.62 | 75.75 | 71.19 |
| 31 Mar 2025 | 332.40 | 220.40 | 12.26 | 45.46 | 43.78 | 53.54 |
| 31 Mar 2024 | 266.36 | 172.01 | 3.49 | 13.85 | 12.59 | 65.34 |
| 31 Mar 2023 | 87.08 | 57.98 | 0.35 | 4.74 | 3.48 | 29.87 |
| Amount in ₹ Crore | ||||||
Gaurik Fashions Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 28.15 % |
| ROCE | 22.53 % |
| Debt/Equity | 0.92 |
| RoNW | 28.15 % |
| PAT Margin | 8.55 % |
| EBITDA Margin | 26.14 % |
| NAV | 41.32 |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.97 | 8.64 |
| P/E (x) | - | - |
Gaurik Fashions IPO Objectives
The company intended to utilise the Gaurik Fashions IPO proceeds for the following strategic purposes:
- Setting up new stores for Skechers and maintaining the initial required investory
- Investing in its own wholly owned subsidiary named Nuvora Retail Private Limited
- Repayment or prepayment of debt (in part or in full)
- General corporate purposes
Gaurik Fashions IPO Review
Gaurik Fashions Ltd. operates in the competitive retail and lifestyle distribution segment, supported by growing demand for branded athletic and athleisure products in India. Its partnerships with major global brands and focus on operating Exclusive Brand Outlets help strengthen direct consumer engagement and brand visibility in the market.
Financially, the company has shown growing and healthy financial statements; as for FY25, the total income was reported at ₹226.08 crore, PAT at ₹12.26 crore (PAT margin was reported at 8.55% in FY25, compared to 5.56% in FY24) and EBITDA at ₹57.07 crore (EBITDA margin was at 26.14% in FY25).
However, investors must be aware of both sides of the company (from strength to risk). Key strengths of the company include the experience of the management team and the company’s retail execution capabilities, while potential risks include high dependency on specific regional markets and the need to regularly renew franchise and distribution agreements with international brands.
Overall, the IPO shows a chance to invest in the future and trend of the years, a fashion and lifestyle brand with growth and profit; there is risk with the quick adaptability of new genres. Investors must be aware of the potential opportunities and risk factors of the company to make a good strategic decision.
Conclusion
Gaurik Fashions IPO is an opportunity for investors to invest in a growing trendy fashion-niche company that has established relationships with global lifestyle brands and is executing through its Exclusive Brand Outlets. The company has achieved a strategic milestone for the retail enterprise to secure expansion capital and enhance its corporate visibility. With this listing, the company aims to fund its expansion requirements, day-to-day corporate purposes and cover its listing expenses.
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Competitive Strengths
Experienced promoters and a senior management team with nearly two decades of expertise in the retail fashion industry.
Established, long-term relationships and distribution arrangements with globally recognized premium sportswear brands.
A proven retail execution model demonstrated through the successful rollout of Exclusive Brand Outlets.
Download regulatory filings
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 0 | 0 | 0 |
| Individual investors (Retail) (Max) | 0 | 0 | 0 |
| S-HNI (Min) | 0 | 0 | 0 |
| S-HNI (Max) | 0 | 0 | 0 |
| B-HNI (Min) | 0 | 0 | 0 |