Gaurik Fashion has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) on May 10, 2026, aiming to raise funds through an Initial Public Offering (IPO) of up to 70 lakh equity shares, each with a face value of ₹10 (approximately $0.12 USD). This offering consists of a fresh issue of 62 lakh shares and an 8 lakh share offer for sale (OFS). The funds raised will primarily be allocated for establishing six new Skechers stores, capital expenditures, initial inventory, and investments in subsidiaries, along with debt repayment and general corporate purposes. Gaurik Fashion, incorporated in 2017, has built a robust market presence through partnerships with global brands like Adidas, Puma, and Reebok. The company entered the retail segment in 2019 with an Exclusive Brand Outlet for Skechers and has since expanded its brand portfolio to include Bugatti and Luxottica. As of March 31, 2026, Gaurik Fashion operates 59 stores across 14 states and union territories in India. The equity shares are expected to be listed on the National Stock Exchange of India and the Bombay Stock Exchange (BSE), with Credora Partners serving as the book-running lead manager.