
New Delhi-based fashion and lifestyle retail player Gaurik Fashions on Tuesday filed its draft red herring prospectus (DRHP) with market regulator Sebi to raise funds through its initial public offering (IPO).
The company, which operates stores for Skechers, Guess, Bugatti and several other brands across multiple locations, proposed to raise funds through an IPO, which would comprise a fresh issue of 62 lakh equity shares along with an offer for sale (OFS) of 8 lakh shares by existing investor Aries Opportunities Fund.