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IPO 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
  • Total Issue Size
    [.] shares (agg. up to ₹1,000 Cr)
  • 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

IPO DRHP Status

Description Date
Filed with SEBI/Exchange Mon, Jul 6, 2026

Issue Reservation

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

About Cult.fit Ltd.

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

  • India’s largest fitness and active lifestyle platform with 708 fitness centres across 77 cities.
  • Integrated ecosystem combining fitness services, digital experiences, and active lifestyle products.
  • Technology-driven platform with AI-powered personalization and operational efficiency.
  • Strong omnichannel distribution network supported by a scalable asset-light franchise model.
  • Well-recognized Cult.fit brand backed by experienced founders, strong customer engagement, and diversified revenue streams.

Company Financials (Restated Consolidated)

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

IPO Objects of the Issue

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

Key Performance Indicator (KPI)

KPI Mar 31, 2026
Debt/Equity 2.60
RoNW -37.60%
EBITDA Margin 8.41%
Pre IPO Post IPO
EPS (₹) -30.00 -ve

IPO Registrar

Kfin Technologies Ltd.

IPO Lead Manager(s)

  1. Axis Capital Ltd.  (Past IPO Performance)
  2. Goldman Sachs (India) Securities Pvt.Ltd.  (Past IPO Performance)
  3. Jefferies India Pvt.Ltd.  (Past IPO Performance)
  4. JM Financial Ltd.  (Past IPO Performance)
  5. Morgan Stanley India Co.Pvt.Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Cult.fit Ltd. Address
3rd Floor, Plot No. 269, Sy. No. 439/1B
Rajiv Gandhi Road, Chennai
Sholinganallur, Saidapet
Kanchipuram, Tamil Nadu, 600119

IPO FAQs

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.

Angel One customers can apply online in Cult.fit IPO using UPI as a payment gateway. Angel One customers can apply in Cult.fit IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Cult.fit IPO through Angel One

  1. Visit the Angel One website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the ‘Cult.fit IPO’ row and click the ‘Bid’ button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Angel One 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 Angel One, 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 .

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