Cult.fit IPO: Fitness company files draft IPO papers to raise Rs 950 crore via fresh issue

Cult.fit has filed draft IPO papers with Sebi to raise around Rs 950 crore through a fresh issue, alongside an offer for sale of up to 17.86 crore shares by existing investors including Temasek Holdings, Schroders Capital and LifeFit Group. The company has not disclosed the total issue size, though reports estimate its valuation at Rs 3,500-4,000 crore. Proceeds from the fresh issue will be used to expand its network of 708 fitness centres and boost branding and marketing spending.