Cult.fit Files IPO Papers With SEBI

Cult.fit Ltd, a leading fitness services platform, has filed preliminary papers with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The proposed IPO includes a fresh issue of equity shares worth up to ₹950 crore and an offer-for-sale (OFS) of up to 17.86 crore equity shares by existing shareholders.

The company plans to utilize the proceeds from the fresh issue to repay or prepay certain borrowings, expand its fitness centre network, invest in its subsidiary Cultsport Pvt Ltd, and for general corporate purposes. The selling shareholders participating in the OFS include MacRitchie Investments Pte Ltd, Fitness First Luxembourg SCA, IDG Ventures India Fund III LLC, Tata Digital, and others.

Cult.fit is India's largest fitness and active lifestyle platform, operating 708 fitness centres across 77 cities as of March 31, 2026. The company had a transacting base of 9.87 lakh paid fitness services members and shipped over 42.3 lakh fitness products in FY26. Its revenue from operations rose 36.26 per cent year-on-year to ₹1,720.61 crore in FY26.

The company's growth and operations are expected to benefit from the funds raised through the IPO. The expansion of its fitness centre network and investment in its subsidiary are likely to increase its market share and revenue. The company's financial performance has been strong, with revenue from operations increasing by 36.26 per cent in FY26.

The book-running lead managers to the issue are Axis Capital, Goldman Sachs (India) Securities, Jefferies India, JM Financial, and Morgan Stanley India. The company may undertake a pre-IPO placement of equity shares aggregating up to ₹190 crore before filing the Red Herring Prospectus (RHP).

The IPO is expected to provide a significant boost to the company's growth plans and expansion strategy. With the funds raised, Cult.fit is likely to increase its market share and revenue, and consolidate its position as India's largest fitness and active lifestyle platform.

The impact of the IPO on the company's operations and growth plans is expected to be significant. The expansion of its fitness centre network and investment in its subsidiary are likely to increase its market share and revenue. The company's financial performance is expected to improve, with revenue from operations increasing in the coming years.

The outlook for the company is positive, with the IPO providing a significant boost to its growth plans and expansion strategy. The company is expected to increase its market share and revenue, and consolidate its position as India's largest fitness and active lifestyle platform. The IPO is likely to be well-received by investors, given the company's strong financial performance and growth prospects.

In terms of the company's plans, the IPO is expected to be a major milestone in its growth journey. The company plans to utilize the proceeds from the fresh issue to drive growth and expansion, and to increase its market share and revenue. The IPO is likely to provide a significant boost to the company's operations and growth plans, and is expected to be well-received by investors.

The company's management team is experienced and well-qualified, with a strong track record of driving growth and expansion. The company's financial performance has been strong, with revenue from operations increasing by 36.26 per cent in FY26. The company's growth prospects are positive, with the IPO providing a significant boost to its growth plans and expansion strategy.

Overall, the IPO is expected to be a major milestone in the company's growth journey, providing a significant boost to its growth plans and expansion strategy. The company's financial performance has been strong, and its growth prospects are positive. The IPO is likely to be well-received by investors, given the company's strong financial performance and growth prospects.