Cult.Fit Ltd. IPO Details
Cult.Fit was incorporated on May 24, 2016. The company is India's largest fitness and active lifestyle platform by network size, offering fitness services and products through its integrated digital platform and offline centers. Its technology-driven ecosystem delivers a seamless customer experience and supports the distribution of fitness products across multiple channels
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 178.6 M | - | - | ₹9500.0 M | DRHP DOC |
Cult.Fit issue details
Cult.Fit has 178.6 M shares on offer
Cult.Fit IPO issue size is ₹ 9500.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Cult.Fit IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Cult.Fit NUMBER OF SHARES ON OFFER
Cult.Fit FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 1,720.6 | -251.9 | 94.1 | -15.9 | 8.4% |
| FY25 | 1,215.5 | -480.8 | 12.0 | -105.1 | -2.8% |
| FY24 | 926.7 | -888.5 | -230.7 | -358.2 | -15.1% |
Cult.Fit INFORMATION ON IPO ISSUE
About Cult.Fit
Cult.Fit was incorporated on May 24, 2016. The company is India's largest fitness and active lifestyle platform by network size, offering fitness services and products through its integrated digital platform and offline centers. Its technology-driven ecosystem delivers a seamless customer experience and supports the distribution of fitness products across multiple channels
Object of the Issue
- Capital expenditure towards setting up of new Cult Elite & Cult Neo centres
- Expenditure towards lease/rent/license agreement related payment of existing identified centres operated by the company
- Repayment / prepayment, in full or in part, of certain borrowings availed of by the company
- Brand marketing, advertising and business promotion to enhance brand awareness
- Investment in its subsidiary, Cultsport Private Limited for capital expenditure towards setting up of new exclusive brand outlets
- General corporate purposes
Cult.Fit - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Mukesh Bansal | Managing Director & Executive Chairman |
| Naresh Krishnaswamy | Whole-time Director & Chief Executive Officer |
| Subrata Mitra | Non-Executive Nominee Director |
| Arun Madhavan Kumar | Non-Executive Independent Director |
| Indu Bhushan | Non-Executive Independent Director |
| Kalpana Jaisingh Morparia | Non-Executive Independent Director |
| Pragya Misra | Non-Executive Independent Director |
Cult.Fit Book Running Lead Manager
Axis Capital Limited
cultfit.ipo@axiscap.in
Goldman Sachs (India) Securities Private Limited
gs-cultfit@gs.com
Jefferies India Private Limited
Cultfit.IPO@jefferies.com
JM Financial Limited
cultfit.ipo@jmfl.com
Morgan Stanley India Company Private Limited
cultfitipo@morganstanley.com
Cult.Fit Registrar to the Offer
KFin Technologies Limited
cultfit.ipo@kfintech.com
Cult.Fit Strengths
Asset-light business model
The company follows an asset-light expansion strategy by partnering with franchise owners who invest in new fitness centres. Its "gym-in-a-box" model provides end-to-end support, including site selection, centre setup, equipment installation, and trained staff, enabling rapid and cost-efficient network expansion
Data-driven product innovation
The company leverages insights from its large fitness services network and customer feedback to develop products tailored to Indian users. This data-driven approach enables faster innovation, product refinement, and the development of high-performance fitness equipment suited to local needs
Omnichannel distribution
The company follows an omni-channel retail strategy, selling its fitness products through its own digital platforms, major e-commerce and quick-commerce marketplaces, and exclusive retail stores. This integrated approach enhances customer experience, expands market reach, and supports higher customer engagement and sales
Cult.Fit Risks
Customer retention risks
The company's growth depends on its ability to attract new customers and retain existing ones across its fitness services and product platforms. Any decline in customer acquisition or engagement could adversely affect its revenue, business growth, and financial performance
Brand reputation
The company's brands are key to its growth, with success dependent on maintaining a strong reputation through consistent, high-quality fitness experiences and effective marketing. Any negative publicity or damage to its brand image could adversely affect customer trust, business growth, and financial performance
Depend on trainers & quality service
The company relies on its trainers and wellness coaches to deliver safe and high-quality fitness services, making their performance and conduct critical to its reputation. Any errors, misconduct, or inappropriate behaviour could result in customer injuries, legal claims, regulatory action, and reputational damage, adversely affecting its business and financial performance
IPO FAQs
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.