Cult.fit Secures SEBI Clearance for ₹4,000 Crore IPO

16 Oct 2026, 7:51 pm · 4h ago · 1 min read · Inc42

Amount

₹4,000 Cr

Stage

IPO

Fitness startup Cult.fit has received regulatory clearance from the Securities and Exchange Board of India (SEBI) for its initial public offering on October 12. The IPO includes a fresh issue of shares worth ₹950 crore and an offer for sale of up to 17.86 crore shares, bringing the total expected issue size to approximately ₹4,000 crore. Selling shareholders include Mukesh Bansal, Tata Digital, Accel, Temasek, and Schroders Capital. Cult.fit will use the fresh capital to expand gym centers, fund leasing and rental costs, repay borrowings, and support brand expansion across India.