Cult fit IPO Details
Cult.Fit Limited filed its draft red herring prospectus with SEBI on 9 Jul 2026 and Sebi Approval received on 12 Oct 2026. Price band, lot size and issue dates are announced only after SEBI observations and the RHP filing.
Last updated
- Stage
- SEBI Approved
- DRHP filed
- 9 Jul 2026
- SEBI Approval
- 12 Oct 2026
- Issue size
- —
- Board
- Mainboard
- Price band
- TBA
Cult fit IPO status
Cult.Fit Limited filed its draft red herring prospectus (DRHP) with SEBI on and SEBI Approval received on . The issue can open only after SEBI issues its observations and the company files the RHP with the price band.
| DRHP filed | 9 Jul 2026 |
|---|---|
| Days since filing | 114 |
| SEBI observation | 12 Oct 2026 |
| Price band | TBA |
| Issue dates | TBA |
Share reservation by category
| Category | Shares Details |
|---|---|
| Qualified Institutions | Not Less Than 75% of the Net Issue |
| Retail Investors | Not More Than 10% of the Net Issue |
| Non-Institutional | Not Less Than 15% of the Net Issue |
Cult.Fit Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹1,272.03 Cr to ₹1,801.82 Cr, and profit after tax rose from -₹480.83 Cr to -₹251.86 Cr. The PAT margin for 31 Mar 2026 was -13.98%.
| 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 |
| Net Worth | 669.87 | 914.76 | 1,276.87 |
| Reserve & Surplus | -577.80 | -308.31 | -114.60 |
| Total Borrowings | 260.76 | 326.92 | 307.51 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Debt / Equity | 2.60 | 1.67 | 0.82 |
| RoNW % | -37.60 | -52.56 | -69.58 |
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective | 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 our 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 | 712.5 |
About Cult.Fit Limited
Founded in May 2016, Cult.Fit Limited is India's largest fitness and active lifestyle platform by the number of fitness centres. The company has built an integrated ecosystem that combines fitness services, wellness solutions, and active lifestyle products through its technology-enabled digital platform and extensive offline network.
As of March 31, 2026, Cult.Fit operated 708 fitness centres across 77 cities in India under leading brands including Cult.fit, Fitness First, Gold's Gym, and Pilates Circle by Cult. Its offerings include gym memberships, trainer-led group fitness classes, personal training, sports facilities, online fitness programs, and premium wellness experiences, catering to a diverse customer base ranging from fitness enthusiasts to professional athletes.
Beyond fitness services, the company designs, develops, and markets a comprehensive portfolio of active lifestyle products under its proprietary brands. Its product range includes fitness equipment, recovery and wellness products, fitness accessories, activewear, footwear, and other health-focused merchandise, distributed through both online and offline channels.
Cult.Fit's technology-driven platform integrates AI-powered personalization, digital engagement tools, and omnichannel capabilities to deliver a seamless customer experience. By leveraging data analytics and user insights, the company enhances member engagement, optimizes fitness recommendations, and supports continuous product innovation. Its digital ecosystem complements its physical network, enabling members to access fitness services anytime and anywhere.
The company follows a scalable, asset-light business model supported by a growing franchise network, enabling rapid expansion while maintaining operational efficiency. Its strong brand portfolio, extensive geographic presence, technology capabilities, and customer-centric approach have positioned Cult.Fit as a leading player in India's fast-growing fitness and wellness industry.
As of March 31, 2026, Cult.Fit served nearly one million paid fitness members and employed 6,331 personnel across fitness operations, technology, product development, marketing, customer support, finance, and corporate functions, supporting its continued growth and innovation across the fitness and active lifestyle ecosystem.
Promoters
No Identifiable Promoter
Contact details
Cult.fit Limited
3rd Floor, Plot No. 269, Sy. No. 439/1B
Rajiv Gandhi Road, Chennai
Sholinganallur, Saidapet
Kanchipuram, Tamil Nadu, 600119
Telephone: +91 918 7219 018
Email: secretarial@cult.fit
Website: https://www.cult.fit/
Cult fit IPO FAQs
- Has Cult fit IPO filed for an IPO?
- Cult.Fit Limited filed its draft red herring prospectus (DRHP) with SEBI on 9 Jul 2026.
- When will the Cult fit IPO open?
- Issue dates are announced after SEBI observations and the RHP filing. They are not available yet.
- What is the Cult fit IPO price band?
- The price band is announced a few days before the issue opens. It is not available yet.
Details are from the draft prospectus and can change in the final RHP. This is not investment advice.