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 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) |
| Fresh Issue | 62,00,000 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 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 |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Sun, May 10, 2026 |
| 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 |
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.
| 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 | ||||
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 |
| 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% |
Lead Manager Reports
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.
Zerodha customers can apply online in Gaurik Fashions IPO using UPI as a payment gateway. Zerodha customers can apply in Gaurik Fashions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gaurik Fashions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gaurik Fashions IPO dates are not announced. Please check back again after some time.
Gaurik Fashions IPO lot size and the minimum order quantity is not available at this time. Please check again later.
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 Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
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.
The Gaurik Fashions IPO listing date is not yet announced. The tentative date of listing is .
