IPO WATCH
Cult.fit IPO moves ahead with Sebi observations
Cult.fit has received Sebi observations for its proposed IPO, which includes a fresh issue of up to Rs 950 crore and an offer for sale. Its plans include repaying debt and expanding its fitness and sportswear businesses.
BharatVox ·
Cult.fit has moved a step closer to its proposed initial public offering after receiving observations from the Securities and Exchange Board of India, Economic Times Markets reported. The proposed offering includes a fresh issue of up to Rs 950 crore and an offer for sale.
The company plans to repay debt, add fitness centres and strengthen its sportswear business. The supplied report does not specify how much funding would go towards each purpose, the size of the offer for sale or the IPO’s price band and subscription dates.
Revenue increased 36.26% in FY26, while the adjusted EBITDA margin improved as fitness operations expanded across India, according to the source summary. Absolute revenue and margin figures were not supplied, limiting any assessment of profitability. Sebi observations are a step in the public-issue process, not an endorsement of the investment.
Fact-check this story · Source: Economic Times Markets: Cult.fit receives Sebi approval for proposed IPO. This AI-assisted account is based on the linked source, not independent on-the-ground reporting by BharatVox. Any opinion is separately labelled.
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