Upcoming IPO: Cult.fit files draft papers with SEBI to raise ₹950 crore via IPO

Cult.fit has filed a draft red herring prospectus with SEBI for an IPO, featuring ₹950 crore in fresh equity and an offer-for-sale of 17.86 crore shares. Funds from the fresh issue aim to cover fitness centre expenses, repay borrowings, and support marketing initiatives.