Fitness company Cult.Fit has filed the draft papers for an initial public offering (IPO) with the Securities and Exchange Board of India.
The company plans to raise Rs 950 crore through a fresh issue of shares.
Meanwhile, several early investors and existing shareholders will partially exit through an offer for sale (OFS).
Cult.Fit is positioning itself as more than a gym operator.
Over the past decade, the company has built an integrated fitness and wellness platform spanning gyms, digital fitness, sports equipment, apparel, and nutrition products.
