Bollywood Star Hrithik Roshan to Partially Exit Cult.fit in Anticipated IPO

Fitness and lifestyle giant Cult.fit is officially making its move to go public, filing its Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO) expected to raise between Rs 3,500-4,000 crore. A notable aspect of this mega-listing is Bollywood superstar Hrithik Roshan, an early investor and brand ambassador, planning to offload 6.33 lakh Equity Shares as part of the Offer for Sale (OFS) component, though he will remain a significant shareholder. This marks a strategic partial monetization of his investment as the company prepares to tap public markets. The IPO comprises a Fresh Issue of up to Rs 950 crore, earmarked for aggressive expansion plans, including setting up new Cult Elite and Cult Neo centers, managing lease expenses, repaying borrowings, and boosting marketing efforts. This move comes as Cult.fit has significantly improved its financial health, reporting a narrowed net loss of Rs 251.9 crore in FY26, down from Rs 481 crore in FY25, with Adjusted EBITDA turning positive at Rs 144.8 crore. The company, which operates over 700 fitness centers across India, is also seeing other major investors like Temasek and co-founder Mukesh Bansal selling parts of their stakes, reflecting a broader trend of early backers seeking exits in India's booming yet selective IPO market. Investors will be keenly watching the IPO pricing, which is yet to be announced, as Cult.fit aims to list on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The company might also consider a Pre-IPO Placement of up to Rs 190 crore, potentially adjusting the Fresh Issue size. With the Indian IPO landscape showing mixed signals in 2026, Cult.fit performance will be a key indicator for other venture-backed consumer internet companies eyeing public listings.