Cult.Fit files for IPO as 36 investors line up share sales
Awaiting price reaction for this filing.
Cult.Fit Ltd has filed draft papers with Sebi for an IPO comprising up to Rs 950 crore in fresh issue and an offer-for-sale of 178.6 million shares by 36 existing shareholders, potentially taking the total size to about Rs 4,000 crore. Major investors including Temasek, Tata Digital, Chiratae Ventures, Accel India, Kalaari Capital, and Schroders Capital are paring stake, while Eternal Ltd (which holds 6.4 percent) is not selling. The company, which operates 708 fitness centres across 77 cities, posted FY26 operating revenue of Rs 1,721 crore (up about 40 percent year-on-year) but remained loss-making at Rs 252 crore, down from Rs 481 crore in FY25. Axis Capital, Goldman Sachs, Jefferies India, JM Financial, and Morgan Stanley India are managing the share sale.