Cult.Fit files DRHP for IPO up to ₹4,000 crore as 36 investors line up OFS exits
Fitness platform Cult.Fit filed its draft prospectus with Sebi, combining a fresh issue of up to ₹950 crore with a 178.6 million-share OFS and a pre-IPO placement of up to ₹190 crore. Proceeds fund new centres, leases, debt repayment and marketing. FY26 revenue hit ₹1,721 crore, up 40%, but it remains loss-making at ₹252 crore.
Fitness platform Cult.Fit filed DRHP with Sebi for an IPO of up to ₹950 crore fresh issue plus OFS, potentially ₹4,000 crore total. Proceeds fund new fitness centres, leases, debt repayment and marketing. FY26 revenue ₹1,721 crore, still loss-making.
Why this matters
Cult.Fit's DRHP marks its move to public markets as it scales fitness centres and pushes revenue 40% higher, though profitability remains elusive with a ₹252 crore FY26 loss.
Retail-company signals are accelerating, up 613100% QoQ.
Also reported by
- Mint · Markets — 1h after first sighting