New Delhi, May 11 -- Gaurik Fashion filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on May 10, 2026, to raise funds through an Initial Public Offering (IPO).

The proposed IPO comprises up to 70,00,000 equity shares with a face value of Rs.10 each, including a fresh issue of up to 62,00,000 equity shares and an offer for sale (OFS) of up to 8,00,000 equity shares.

The company proposes to utilise the proceeds from the fresh issue towards setting up six new stores for Skechers, funding capital expenditure for the establishment of new stores, and meeting initial inventory requirements for these outlets.

Further, the company plans to use the funds for investments in its subsidiaries, repa...