Gaurik Fashions has filed draft IPO papers with Sebi to raise funds through a fresh issue of 62 lakh shares and an OFS of 8 lakh shares by Aries Opportunities Fund. The retailer, which operates stores for brands such as Skechers, Guess and Bugatti, plans to use the proceeds to expand its retail footprint by opening new stores and funding inventory requirements across its subsidiaries.

Skechers-retailer Gaurik Fashions files draft papers for IPO with Sebi

New Delhi-based fashion and lifestyle retail player Gaurik Fashions on Tuesday filed its draft red herring prospectus (DRHP) with market regulator Sebi to raise funds through its initial public offering (IPO).

The company, which operates stores for Skechers, Guess, Bugatti and several other brands across multiple locations, proposed to raise funds through an IPO, which would comprise a fresh issue of 62 lakh equity shares along with an offer for sale (OFS) of 8 lakh shares by existing investor Aries Opportunities Fund.

How will Gaurik Fashions use the IPO proceeds?

Gaurik Fashions aims to get listed on the stock exchanges BSE and National Stock Exchange (NSE). It said that the proceeds from the fresh issue will be primarily used to strengthen its retail footprint through the launch of new stores for the global footwear brand Skechers. It added that a portion of the funds will also be invested in its wholly owned subsidiary, Gaurik Lifestyle, for opening new Guess outlets, and in subsidiary Nuvora Retail for expansion of Bugatti stores, including funding initial inventory requirements.

Additionally, the company also plans to use part of the IPO proceeds towards repayment of debt at both the parent and subsidiary levels, along with fulfilling general corporate needs. Credora Partners and Unistone Capital are acting as the book-running lead managers to Gaurik Fashions’ IPO, while MAS Services has been appointed registrar.

About Gaurik Fashions

Gaurik Fashions is a franchise-based business specializing in apparel and sportswear, associated with global brands. As of March 2026, Gaurik Fashions managed 59 stores across 14 states and union territories, with outlets located in some major high-footfall locations, including DLF Mall of India, DLF CyberHub, Select Citywalk and DLF Promenade in Delhi NCR.

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Gaurik Fashions reported an EBITDA margin of 26.14%. Its Skechers business recorded an average revenue per square foot of Rs 16,157 during the nine months ended December 2025, while Bugatti reported revenue per square foot of Rs 46,636. Guess posted an average selling price of Rs 7,299 and average order value of Rs 11,303, reflecting continued traction in the premium fashion segment, the company said.

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