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Gaurik Fashions IPO Details

Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |

Gaurik Fashions Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on May 10, 2026 to raise funds through Initial Public Offer (IPO).

Gaurik Fashions Ltd. IPO is a Book Build Issue of 0.70 crore equity shares consisting of a fresh issue of upto 0.62 crore equity shares and an offer for sale (OFS) of upto 0.08 crore equity shares.

The equity shares are proposed to be listed on NSE and BSE. Credora Partners Pvt.Ltd. is the book running lead manager and MAS Services Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Gaurik Fashions IPO DRHP for more details.

IPO Details

IPO Date

[.]
Listing Date

[.]
Face Value

₹10 per share
Price Band
Lot Size
Sale Type

Fresh capital cum OFS
Issue Type

Bookbuilding IPO
Listing At

BSE, NSE

Total Issue Size

70,00,000 shares (agg. up to ₹[.] Cr)
Offer for Sale

62,00,000 shares (agg. up to ₹[.] Cr)
Share Holding Pre Issue

8,00,000 shares of ₹10 (agg. up to ₹[.] Cr)
Share Holding Pre Issue

2,05,32,578 shares
Share Holding Post Issue

2,67,32,578 shares

IPO DRHP Status

Description	Date
Filed with SEBI/Exchange	Sun, May 10, 2026

Issue Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Issue
Retail Shares Offered	Not less than 35% of the Net Issue.
NII Shares Offered	Not less than 15% of the Net Issue

About Gaurik Fashions Ltd.

Incorporated in 2017, Gaurik Group is engaged in the retail and distribution business of fashion and lifestyle brands in India. The company operates franchise retail stores and distribution businesses for globally recognized brands across footwear, apparel, accessories, eyewear, and activewear categories.

The company operates through two business verticals — Retail and Retail & Distribution. It manages Exclusive Brand Outlets (EBOs) and Factory Outlets (FOs) under FOFO and COCO models for brands such as Skechers, Guess?, Bugatti, Sweaty Betty, Ray-Ban, and Shrey. Its subsidiary, Nuvora Retail Private Limited, holds exclusive distribution rights in India for Bugatti, T.T. Bagatt, and Bagatt, while the company also holds exclusive rights for Sweaty Betty in India.

As of March 31, 2026, the company operated 59 stores across 14 states and union territories in India, including premium retail locations such as DLF Mall of India, Select Citywalk, DLF CyberHub, and Inorbit Mall. The company primarily follows an asset-light franchise-led business model supported by warehousing, merchandising, inventory management, and third-party logistics operations.

The company also undertakes manufacturing through third-party contract manufacturers for selected Bugatti-related apparel and accessories brands. Its operations are supported through centralized inventory and retail management systems including Genesis and Logic platforms.

As of March 31, 2026, Gaurik Group had 439 employees across store operations, warehousing, sales & marketing, finance, HR, legal, and management functions.

The company caters to urban and brand-conscious consumers seeking premium global fashion and lifestyle products. Key strengths include partnerships with globally recognized brands, strategic store presence in high-footfall malls, an integrated retail and distribution network, exclusive India distribution rights for premium brands, experienced promoters with prior experience in Adidas, Puma, and Reebok operations, and a scalable asset-light business model.

Company Financials (Restated Consolidated)

Period Ended	31 Dec 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	366.45	332.40	266.36	87.08
Total Income	204.28	226.08	175.31	58.41
Profit After Tax	17.33	12.26	3.49	0.35
EBITDA	52.95	57.07	44.40	12.33
NET Worth	77.62	45.46	13.85	4.74
Reserves and Surplus	75.75	43.78	12.59	3.48
Total Borrowing	71.19	53.54	65.34	29.87
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects

Est Amt (₹ Cr.)
1 Setting up of new 6 stores for Skechers by the company-a. Funding capital expenditure towards establishment of new stores-b. Funding initial inventory for new stores

29.49
2 Investment in the wholly owned subsidiary, Gaurik Lifestyle Private Limited, for setting up new 7 stores for Guess?

5.98
3 Investment in the subsidiary, Nuvora Retail Private Limited, for setting up new 5 stores and funding initial inventory for Bugatti

8.34
4 Repayment or prepayment, in full or in part, of certain borrowings availed by the Company

42.34
5 Investment in the Subsidiaries namely Gaurik Lifestyle Private Limited and Nuvora Retail Private Limited, for repayment/ prepayment, in full or in part, of all or a portion of certain of their outstanding borrowings

21.74
6 General corporate purposes
Total

107.89

Key Performance Indicator (KPI)

KPI	Dec 31, 2025	Mar 31, 2025
ROE	28.15%	41.35%
ROCE	22.53%	36.08%
Debt/Equity	0.92	1.18
RoNW	28.15%	41.35%
PAT Margin	8.55%	5.56%
EBITDA Margin	26.14%	25.89%

	Pre IPO	Post IPO
EPS (₹)	5.97	8.64
Promoter Holding	63.45%

Vishnu Pillai, Rajesh Dudi, Swati Sinha and Isha Dudi are the company promoters.

IPO Registrar

MAS Services Ltd.

(011) 2610 4142
info@masserv.com
Visit Website

IPO Lead Manager(s)

Credora Partners Pvt.Ltd. (Past IPO Performance)
Unistone Capital Pvt.Ltd. (Past IPO Performance)

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

Gaurik Fashions Ltd. Address

1st Floor, Rear portion

Block A, Centre for Indian Classical dance (CICD)

Gulmohar Park Hauz Khas

New Delhi, New Delhi, 110016

011-40113227
cs@gaurikgroup.com
Visit Website

IPO FAQs

What is the Gaurik Fashions IPO?

Gaurik Fashions IPO is a main-board IPO of 70,00,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .

The Gaurik Fashions IPO open and close dates are not available as of now.

MAS Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

How to apply in Gaurik Fashions IPO through Angel One?

Angel One customers can apply online in Gaurik Fashions IPO using UPI as a payment gateway. Angel One customers can apply in Gaurik Fashions IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Gaurik Fashions IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Gaurik Fashions IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

When Gaurik Fashions IPO will open?

The Gaurik Fashions IPO dates are not announced. Please check back again after some time.

What is the lot size of Gaurik Fashions IPO?

Gaurik Fashions IPO lot size and the minimum order quantity is not available at this time. Please check again later.

How to apply for Gaurik Fashions IPO?

You can apply in Gaurik Fashions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One , Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is Gaurik Fashions IPO allotment?

The finalization of Basis of Allotment for Gaurik Fashions IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Gaurik Fashions IPO allotment status.

When is Gaurik Fashions IPO listing date ?

The Gaurik Fashions IPO listing date is not yet announced. The tentative date of listing is .