Cyril Amarchand Mangaldas, Trilegal act on Cult.fit ₹950 crore+ proposed IPO

Cult.Fit Limited has proposed an initial public offering of equity shares, consisting of a fresh issue aggregating up to ₹950 crore and an offer for sale by the selling shareholders aggregating up to 178,609,200 equity shares of face value by ₹1 each.

Cyril Amarchand Mangaldas is advising Cult.Fit on this IPO, according to the DRHP.

Trilegal is advising the book-running lead managers, including Axis Capital, Goldman Sachs (India) Securities, Jefferies India, JM Financial, and Morgan Stanley India, on this IPO.

The transaction is led by Vinay Sirohia (Parter), with support from Harshvardhan Lahiri (Senior Associate) and Associates Kohsheen Saraf, Olivia De, Jahnavi Jayasimha Rao, Hanna Vettoor, Dwija Vasavada, and Rishabh Shah.

Cult.Fit is a leading omnichannel health and wellness company that operates subscription-based physical fitness centers (like Cult Elite and Cult Neo), digital telehealth services, and sportswear/equipment retail. They also own and operate the brand rights for Gold's Gym in India.

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