Fitness and wellness company Cult.fit has filed draft papers for an initial public offering (IPO), aiming to raise up to Rs 950 crore through a fresh issue of shares, according to a Reuters report, as it looks to expand its footprint in India's fast-growing health and wellness sector.
The draft prospectus also includes an offer for sale (OFS) of up to 17.86 crore shares by existing shareholders.
Among the shareholders offloading stakes are private equity firms Temasek Holdings and Schroders Capital, along with German fitness operator LifeFit Group.
Cult.fit has not disclosed the overall size of the public offering. Reports had estimated the company's IPO could be valued between Rs 3,500 crore and Rs 4,000 crore.
The company plans to use the proceeds from the fresh issue to expand its network of fitness centres and step up spending on branding and marketing initiatives.
Cult.fit has emerged as one of India's largest organised fitness chains, operating 708 centres across the country. As of March 31, 2026, the company had over 987,000 paid members, according to the IPO documents.
The company operates a multi-channel business model, offering memberships through its mobile application, website, corporate partnership programmes and direct sales at its fitness centres.
The IPO comes at a time when India's fitness and wellness industry is witnessing rising consumer interest, driven by higher disposable incomes, changing lifestyles and growing awareness of preventive healthcare.
Cult.fit's planned listing adds to an already busy year for India's primary market, where investors are closely tracking new-age companies and other large public offerings.
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