Actor Hrithik Roshan to Sell 6.33 Lakh Shares in Cult. Fit’s IPO, Targeting ₹3,500-4,000 Crore Raise

Fitness and active lifestyle platform Cult. Fit has filed its draft red herring prospectus (DRHP) in anticipation of a public offer projected to raise between Rs 3,500-4,000 crore. The IPO will include a fresh issue of shares worth Rs 950 crore, alongside an offer for sale (OFS) featuring up to 178.6 million shares from existing investors and individual shareholders. While the company has not yet announced a price band, notable early investor and actor Hrithik Roshan is poised to divest 6.33 lakh shares, which currently constitutes a 0.20% stake in the company, valued around Rs 4 crore. This breadth involving established investors underscores the company’s credibility in the market.

The grey market sentiment regarding Cult. Fit’s IPO remains closely watched as investor interest builds. Although the price band is yet to be finalized, early indications suggest a favorable outlook given the substantial participation from renowned investors like Temasek and Chiratae. The anticipated demand in the grey market could foreshadow a positive debut on the BSE and NSE, aligning with the company’s strong operational metrics and revenue growth.

For Indian investors, Cult. Fit’s IPO presents a compelling opportunity to participate in a rapidly growing sector. With its reported revenue growth of 41.6% in FY26 and a narrowing of net losses, the company shows signs of robust operational improvement. Additionally, plans for expansion through new centres and investments in marketing highlight its commitment to future growth, potentially leading to sustainable long-term returns for investors. Overall, Cult. Fit’s entry into the public market is a key event, reflecting the increasing interest in health and wellness sectors, which are poised for significant expansion in India.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)