Cult.fit gets Sebi nod for Rs 3,500-4,000 crore IPO
The IPO will comprise a fresh issue of shares worth Rs 950 crore and an offer for sale (OFS) of up to 178.6 million shares by existing investors and individual shareholders. The final issue size will be determined after the price band is set. Chiratae, Temasek, Fitness First, Tata Digital, Accel, Kalaari and cofounder Mukesh Bansal are among the entities divesting their stake. Chiratae plans to sell up to 28.1 million shares through two funds, while Temasek will offload up to 24.7 million shares. Actor Hrithik Roshan will also sell part of his stake.
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