Cult.fit files DRHP for IPO: Rs 950 crore fresh issue amid five key risk flags
Cult.fit's IPO combines a Rs 950 crore fresh issue with an OFS from Tata Digital, Temasek, Accel and others. The DRHP flags narrowing but persistent losses (FY26 Rs 251.9 crore), 90.44% revenue from just four cities, 69.21% franchised centres, governance gaps and unpaid statutory dues as investor risks.
Cult.fit files DRHP for IPO with Rs 950 crore fresh issue plus OFS by Tata Digital, Temasek and others. Filing flags narrowing losses, city concentration, franchise dependency, governance gaps and unpaid statutory dues as key risks.
Why this matters
Cult.fit's DRHP confirms earlier filings citing the Rs 950 crore fresh issue and OFS sellers including Temasek, Tata Digital and Hrithik Roshan, at a valuation near $2 billion.
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