Cult.fit IPO alert: Fitness major receives SEBI nod for proposed IPO - Check OFS, fresh issue mix details

Cult.fit, a fitness major, has received SEBI's nod for its proposed IPO. The IPO aims to raise up to ₹950 crore through a fresh share issue and an offer for sale of up to 17.86 crore shares. The company plans to use the proceeds to expand its fitness centers and fund marketing and other business initiatives.