Gaurik Fashions Files DRHP For IPO, Plans Expansion Of Skechers And Guess Stores

New Delhi-based Gaurik Fashions has filed draft papers with the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO), as the fashion and lifestyle retailer looks to expand its footprint for brands such as Skechers and Guess.

The proposed IPO consists of a fresh issue of 62 lakh equity shares and an offer for sale (OFS) of 8 lakh shares by existing shareholder Aries Opportunities Fund, according to the draft red herring prospectus (DRHP) filed on Tuesday. The company plans to list its shares on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

IPO Proceeds To Fund New Stores

Gaurik Fashions said it will use a major part of the proceeds from the fresh issue to open new stores for global footwear brand Skechers. A portion of the funds will also be invested in its wholly owned subsidiary, Gaurik Lifestyle, for the expansion of Guess outlets. The company also plans to invest in its subsidiary, Nuvor.

Apart from expansion, the retailer said the IPO proceeds will be used for repayment of debt at the parent and subsidiary levels and for general corporate purposes. Credora Partners and Unistone Capital are acting as the book-running lead managers to the issue. MAS Services has been appointed as the registrar to the IPO.

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Presence Across 14 States

Gaurik Fashions operates a franchise-led retail business focused on apparel, footwear, and sportswear brands. Its portfolio includes Skechers, Guess, and Bugatti. As of March 2026, the company managed 59 stores spread across 14 states and union territories.

The company reported an earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin of 26.14%, according to the DRHP. Its Skechers business recorded an average revenue per square foot of ₹16,157 during the nine months ended December 2025. Bugatti reported a revenue per square foot of ₹46,636 over the same period.

For Guess, the company reported an average selling price of ₹7,299 and an average order value of ₹11,303, which it said reflected steady demand in the premium fashion segment.

Sources:

The Economic Times

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