Cult Fit IPO: Date, Share Price, Review & Details
Cult Fit, headquartered in Bengaluru, is India's leading fitness and wellness platform co-founded by Mukesh Bansal and Ankit Nagori in 2016. The company offers integrated health and fitness services both online and offline, focusing on fitness, nutrition, mental well-being, and healthcare. It operates fitness centres, fitness subscription models (Cultpass), mental wellness programs (Mindfit), and healthcare services (Care.fit). Cult Fit’s business model combines digital technology with brick-and-mortar gym experiences to make fitness accessible and fun.
Business Model and Operations
Cult Fit generates revenue primarily from fitness subscriptions, including access to gyms and digital classes (72.3% contribution in FY24), and from the sale of sportswear and fitness equipment under the Cultsport brand and related services. It serves millions of users across India through over 500 gyms and a growing digital subscriber base.
Cult Fit IPO Details (2025)
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IPO Opening and Closing Dates: Expected between September and October 2025 (exact dates to be announced)
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Issue Size: Targeting to raise up to Rs 2,500 crore
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Price Band and Lot Size: To be announced upon launch
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Listing: Planned on NSE and BSE
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Lead Managers: Axis Capital, Jefferies, Goldman Sachs, Morgan Stanley, JM Financial
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Prominent Investors: Zomato, Accel Partners, Tata Digital, Temasek, Kalaari Capital, Chiratae Ventures
Use of IPO Proceeds
Proceeds will be used to expand the network of fitness centres, scale digital subscription offerings, invest in technology and infrastructure, pursue strategic acquisitions, and support general corporate purposes.
Financial Snapshot
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Operating Revenue FY24: Rs 926.6 crore (33.6% growth YoY)
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Net Loss FY24: Rs 888.5 crore (widened due to expansion investments)
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User Base: Over 187 million transacting users
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Channel Contribution: Fitness subscriptions dominate revenue, with other streams including sportswear and fitness equipment.
What You’ll Find on This Page
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Access to DRHP, prospectus, and key financial metrics
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Subscription status, Grey Market Premium (GMP), and expert research reports
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IPO allotment updates, listing news, and corporate announcements
Frequently Asked Questions (FAQs) about Cult Fit IPO
Q1: When is the Cult Fit IPO expected to open?
The IPO is expected to open between September and October 2025, pending final SEBI approval and confirmation of dates.
Q2: What is the expected size of the IPO?
Cult Fit aims to raise around Rs 2,500 crore through this public offering.
Q3: What will the IPO funds be used for?
Funds will primarily be deployed towards expanding fitness centres, enhancing digital offerings, upgrading technology, and undertaking strategic initiatives.
Q4: On which stock exchanges will Cult Fit be listed?
The company plans to list its shares on NSE and BSE.
Q5: Who are the major investors and promoters backing Cult Fit?
Notable investors include Zomato, Accel Partners, Tata Digital, and Temasek. The company was co-founded by Mukesh Bansal and Ankit Nagori.
Q6: How can I check my IPO allotment status?
Post-allotment, the status can be checked via the registrar’s website and official stock exchange platforms.
For the latest updates on the Cult Fit IPO share price, subscription details, financial performance, and corporate news, bookmark this page for real-time insights and investment guidance.