Cult.fit Ltd, an Indian fitness platform operator, has filed preliminary papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) to raise up to ₹950 crore through newly issued shares. The IPO also includes an offer-for-sale (OFS) component by existing shareholders, which could increase the total size to ₹4,000 crore, according to livemint.com.
The OFS involves major investors such as Temasek, Fitness First Luxembourg S.C.A., Chiratae Ventures, Tata Digital, Accel India, Kalaari Capital, and Schroders Capital selling up to 178.6 million shares. The fresh issue proceeds from the IPO will be used by Cult.fit to set up new fitness centres, expanding its footprint in the Indian fitness market, livemint.com reported.
This IPO filing comes amid growing investor interest in the health and wellness sector in India, where fitness platforms have seen increased demand. The potential ₹4,000 crore size of the IPO, including the OFS, positions Cult.fit among the larger fitness sector listings in recent times. The involvement of prominent investors highlights confidence in the company’s growth prospects and the sector’s potential.
Cult.fit’s IPO filing was made public on July 7, 2026, with the company aiming to leverage the capital raised to fuel expansion. The next steps include Sebi’s review and approval process, after which the company will finalize the offer details and launch the public subscription.