Cult.fit has filed draft papers for an IPO to raise up to Rs 950 crore through a fresh share issue, while existing investors will sell up to 17.86 crore shares via an OFS. The fitness and wellness company plans to use the proceeds to expand its network, strengthen branding and marketing, and tap growing demand in India's health and wellness sector.
Cult.fit has filed draft papers for an IPO to raise up to Rs 950 crore through a fresh share issue, while existing investors will sell up to 17.86 crore shares via an OFS. The fitness and wellness company plans to use the proceeds to expand its network, strengthen branding and marketing, and tap growing demand in India's health and wellness sector.
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