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The Economic Times

Business

Akash Podishetti

Cult.fit receives Sebi approval for proposed IPO

SEBI IPO Fitness Redseer

Cult.fit, the fitness services and active lifestyle platform, has received observations from the Securities and Exchange Board of India (Sebi) for its proposed IPO, according to the market regulator’s website.

The proposed IPO comprises a fresh issue of equity shares worth up to Rs 950 crore and an offer for sale (OFS) of up to 17.86 crore equity shares by existing shareholders. The company has not specified the price band or issue dates in the details provided.

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