Cyril Amarchand Mangaldas, Khaitan & Co, Trilegal, Linklaters 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.

The Capital Markets team advising the Issuer is led by Tanvi Kini (Partner).

The general corporate team advising the Issuer is led by Sharada Ramachandra (Partner).

Biplab Lenin (Partner) assisted with certain sector specific advisory matters.

Bharath Reddy (Partner) was involved in the ESOP and related workstream as well as on other employment related matters.

Khaitan & Co is advising all 36 (thirty-six) selling shareholders of Cult.Fit on this IPO.

The transaction team consists of Thomas George (Partner), Suman Prabhu (Partner), Tharun Vadlapatla (Senior Associate), Associates Sanjeev Ramakrishnan, Lakshmi Raj and Shreya Shetty GR.

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.

Linklaters is advising the BRLMs as the international legal counsel.

The transaction was led by by Amit Singh (Partner and Head of India practice).

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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