Cult.fit files DRHP for IPO with Rs 950 crore fresh issue plus OFS
India's largest fitness platform Cult.fit (formerly Curefit) has filed its draft papers with SEBI. The IPO combines a Rs 950 crore fresh issue with an offer for sale of 17.86 crore shares. Proceeds will fund new Cult Elite and Cult Neo centres, Cultsport EBO expansion and debt repayment.
Cult.fit (formerly Curefit) filed its DRHP with SEBI for an IPO comprising a Rs 950 crore fresh issue plus OFS. Proceeds fund new Cult Elite/Neo centres, Cultsport EBOs and debt repayment. India's largest fitness platform with 708 centres.