Culttfit Set to File DRHP for ₹4,000 Crore IPO

Key Highlights Culttfit is set to file its Draft Red Herring Prospectus (DRHP) for a proposed ₹4,000 Crore Initial Public Offering (IPO). IPO Details • The IPO will comprise a fresh issue and an Offer for Sale (OFS). • The OFS is expected to be around ₹3,000 Crore. • The fresh issue is proposed at ₹950 Crore. • The company is also evaluating a pre-IPO fundraising round. • Any capital raised through the pre-IPO placement will be adjusted against the fresh issue size. Shareholder Profile • Key investors in ***** include Temasek, Eternal (formerly Zomato), and Accel. • In March 2026, Temasek increased its stake to 12% following a ₹440 Crore fundraise. What It Means • The proposed IPO is expected to provide growth capital while offering an exit opportunity to existing investors through the OFS. • A successful listing could further strengthen ***** position in India's fitness, wellness, and digital health ecosystem. • The final issue size, valuation, and offer structure will depend on regulatory approvals and prevailing market conditions. Market Impact Impact: Positive The IPO filing marks a significant milestone for ***** and highlights continued investor interest in India's consumer technology and wellness sector. Learning Outcome An IPO comprising both a fresh issue and an Offer for Sale (OFS) allows a company to raise capital for future growth while enabling existing investors to monetize part of their holdings. The final valuation and issue size are typically determined closer to the launch based on market conditions and investor demand. $ETERNAL