Cult.fit Secures SEBI Approval for ₹950 Crore IPO

16 Oct 2026, 7:48 pm · 2h ago · 1 min read · EntrackrNew

Amount

₹950 Cr

Stage

IPO

Fitness and wellness unicorn Cult.fit, formerly Curefit Healthcare, received SEBI approval for its proposed initial public offering. The issue comprises a fresh equity raise of ₹950 crore and an offer for sale of up to 17.86 crore shares by existing shareholders. Proceeds will fund debt repayment, expansion of Cult Elite and Neo fitness centres, Cultsport brand outlets, lease obligations, and marketing. Cult.fit operated 708 centres across 77 Indian cities in FY26, reporting operating revenue of ₹1,720.61 crore, up 36.26% year-on-year, alongside positive adjusted EBITDA margins of 8.41%.