Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
Cult.fit Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on July 6, 2026 to raise funds through Initial Public Offer (IPO).
Cult.fit Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹950.00 crores and an offer for sale (OFS) of upto 17.86 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Cult.fit IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹950 Cr) |
| Offer for Sale | 17,86,09,200 shares of ₹1 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 8,39,63,997 shares |
| Share Holding Post Issue | 88,13,12,017 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Jul 6, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Incorporated in May 2016, Cult.Fit Limited is India's largest fitness and active lifestyle platform by the number of fitness centres, offering an integrated ecosystem of fitness services and fitness products through its digital platform and extensive offline network. The company operates 708 fitness centres across 77 cities in India under brands including Cult.fit, Fitness First, Gold's Gym, and Pilates Circle by Cult, providing gym memberships, trainer-led group classes, sports facilities, online fitness programs, and premium wellness experiences.
In addition to fitness services, Cult.Fit designs, develops, and sells a wide range of active lifestyle products, including fitness equipment, recovery products, fitness accessories, activewear, and footwear under its proprietary brands. Leveraging its technology-driven platform, AI-powered personalization, and omnichannel distribution network, the company delivers a seamless customer experience across both its physical and digital channels while serving nearly one million paid fitness members.
Backed by a scalable, asset-light franchise model and strong technology capabilities, Cult.Fit combines data-driven product innovation, operational efficiency, and a well-recognized brand to strengthen its leadership in India's growing fitness and wellness market. As of March 31, 2026, the company employed 6,331 personnel across fitness operations, technology, marketing, customer support, product development, finance, and corporate functions.
Strengths
Cult.fit Ltd.'s revenue increased by 42% and profit after tax (PAT) rose by 48% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 3,103.20 | 2,926.23 | 3,031.85 |
| Total Income | 1,801.82 | 1,272.03 | 1,027.12 |
| Profit After Tax | -251.86 | -480.83 | -888.49 |
| EBITDA | 144.78 | -33.53 | -140.19 |
| NET Worth | 669.87 | 914.76 | 1,276.87 |
| Reserves and Surplus | -577.80 | -308.31 | -114.60 |
| Total Borrowing | 260.76 | 326.92 | 307.51 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure towards setting up of new Cult Centres | 276.60 |
| 2 | Expenditure towards lease/rent/license agreement related payment of existing identified fitness centres operated by us | 217.50 |
| 3 | Repayment / prepayment, in full or in part, of certain borrowings availed by the Company | 120.00 |
| 4 | Brand marketing, advertising and business promotion to enhance brand awareness | 75.00 |
| 5 | Investment in our Subsidiary, Cultsport Private Limited for capital expenditure towards setting up of new EBOs | 23.40 |
| 6 | General corporate purposes | |
| Total | 712.50 |
| KPI | Mar 31, 2026 |
|---|---|
| Debt/Equity | 2.60 |
| RoNW | -37.60% |
| EBITDA Margin | 8.41% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | -30.00 | -ve |
Cult.fit IPO is a main-board IPO of 0 equity shares of the face value of ₹1 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Cult.fit IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Cult.fit IPO using UPI as a payment gateway. Zerodha customers can apply in Cult.fit IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Cult.fit IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Cult.fit IPO dates are not announced. Please check back again after some time.
Cult.fit IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Cult.fit IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Cult.fit IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Cult.fit IPO allotment status.
The Cult.fit IPO listing date is not yet announced. The tentative date of listing is .
