Cult.fit files DRHP with SEBI for ₹950 crore fresh-issue IPO plus OFS
Fitness and wellness retailer Cult.fit has filed draft papers for an IPO comprising a ₹950 crore fresh issue and a 17.86 crore-share OFS, with Temasek and Tata Digital among selling shareholders. Proceeds target ₹217.5 crore for centre leases, ₹120 crore debt repayment and ₹75 crore marketing, alongside a ₹190 crore pre-IPO placement.
Fitness and wellness retailer Cult.fit filed its DRHP with SEBI for an IPO comprising a ₹950 crore fresh issue plus OFS. Proceeds fund fitness-centre leases, debt repayment and brand marketing; Temasek, Tata Digital among selling shareholders.