Cult.fit receives Sebi observations for IPO including ₹950cr new issue

Business Oct 16, 2026

Cult.fit, one of India's top fitness brands, has received Sebi observations for its proposed IPO.

Their upcoming IPO will include new shares worth up to ₹950 crore plus a big offer for sale from existing investors.

The funds will help Cult.fit pay off debt, open more gyms, and grow its Cultsport brand.

Revenue up 36.26% to ₹1,720.61cr

The company's revenue jumped 36.26% in fiscal 2026 to ₹1,720.61 crore, and it now runs 708 centers in 77 cities.

Nearly 1 million people use its services, with fitness making up 70% of its revenue.

Cult.fit plans to list on BSE and NSE soon. Axis Capital and Goldman Sachs (India) Securities are managing the process.