Hrithik Roshan is ready to partially monetize its investment in the fitness and lifestyle platform Cult. adjust by selling 6.33 lakh equity shares through the company’s proposed initial public offer (IPO).According to Cult Fit’s Draft Red Herring Prospectus (DRHP) filed with the Securities and Exchange Board of India (Sebi), Hrithik, who has associated with the company as an early investor and brand ambassador, will offload 6,33,824 equity shares under the offer for sale (OFS) component of the IPO.
Hrithik to retain majority stake
Despite the stake sale, Hrithik will remain a shareholder in the company.The DRHP states that the actor currently holds 19.01 lakh shares, which is around 0.20 percent of Cult. share capital prior to the tender offer. After selling 6.33 lakh shares, it will retain the remaining shares, subject to the structure of the final offer.As the company is yet to announce the price range of the IPO, the value of Hrithik’s proposed share sale is not known.
cult Fit plans 950 million rupees new issue
cult fit’s IPO includes a fresh issue of shares worth up to Rs 950 crore, along with an offer for sale of up to 17.86 crore equity shares by existing shareholders, including Hrithik Roshan and several early investors.The company may also undertake a pre-IPO of up to Rs 190 crore before the issue opens. If completed, the size of the new number will be reduced accordingly.The IPO dates, price range and lot size have not yet been announced.
What does the company plan to do with the funds
cult Fit said the proceeds of the new issue will be used to repay certain loans, expand its gym network, invest in its subsidiary Cultsport Pvt Ltd to open new brand-exclusive outlets, meet lease-related expenses, strengthen brand marketing initiatives and support general corporate purposes.It is important to note that Hrithik’s sale of shares falls within the offer for sale portion of the IPO. The profits from these shares will go directly to the selling shareholders and not to the company.
Hrithik Roshan’s long association with Cult. to fit
Hrithik Roshan has teamed up with Cult. fits in for several years, not only as an investor, but also as one of the company’s most recognized brand ambassadors. Your participation in the IPO reflects a partial monetization of your investment rather than a complete exit from the company.Apart from Hrithik, the sale offer also includes stakes sold by existing shareholders including MacRitchie Investments, Tata Digital, Fitness First Luxembourg, Chiratae Trust, Accel India and company founders Mukesh Bansal and Bruno Eduard Raschle.According to the DRHP, Cult. fit operated 708 gyms in 77 cities as of March 31, 2026. The company reported revenue from operations of Rs 1,720.61 crore in FY26, up 36.26 percent over the previous fiscal year, with nearly 70 percent of its revenue coming from its fitness services business.The company is now awaiting Sebi’s approval before announcing the IPO dates, issue price and other details of the offer.