Hrithik Roshan set to partially monetize his investment in fitness and lifestyle platform Cult. due by selling 6.33 lakh equity shares through the company’s proposed initial public offering (IPO:).According to Cult. According to the Draft Red Herring Prospectus (DRHP) filed with the Securities and Exchange Board of India (Sebi), Hrithik, who is associated with the company as an early investor and brand ambassador, will unload 6,33,824 equity shares under the offer-for-sale (OFS) portion of the IPO.
Hrithik to retain most of his stake
Despite the stake sale, Hrithik will continue to remain a shareholder in the company.DRHP said the actor currently owns 19.01 lakh equity shares, representing 0.20 percent of Cult. fit’s pre-offer share capital. After selling 6.33 lakh shares, he will retain the remaining shares, subject to the final offer structure.Since the company has not yet announced the IPO price band, the value of Hrithik’s proposed share sale is unknown.
Cult. suitable plans Rs 950 crore new issue
Cult. Fit’s IPO consists of a fresh issue of equity shares worth up to Rs 950 crore, along with an offer-for-sale of up to 17.86 crore equity shares to existing shareholders, including Hrithik Roshan and some early investors.The company may also do a pre-IPO placement of up to Rs 190 crore before the issue opens. When completed, the size of the new issue will be reduced accordingly.The IPO dates, price band and lot size are yet to be announced.
What does the company plan to do with the funds?
Cult. Fit said that the income from the new issue will be used to pay off some debts, expand its fitness center network, invest in its subsidiary Cultsport Pvt Ltd to open new exclusive brand outlets, meet expenses related to leasing, strengthen brand marketing initiatives and support the overall purpose of the corporation.It is important to note that Hrithik’s share sale is below the share offered for IPO sale. The income from these shares goes directly to the selling shareholders and not to the company.
Hrithik Roshan’s long association with Cult. should:
Hrithik Roshan has teamed up with Cult. suitable for several years, not only as an investor but also one of the most famous brand ambassadors of the company. His participation in the IPO represents a partial monetization of his investment rather than a complete exit from the company.Apart from Hrithik, the offer-for-sale also includes stakes sold by existing shareholders such as MacRitchie Investments, Tata Digital, Fitness First Luxembourg, Chiratae Trust, Accel India and company founders Mukesh Bansal and Bruno Eduard Raschle.According to DRHP, Cult. is expected to operate 708 fitness centers in 77 cities as of March 31, 2026. The company reported Rs 1,720.61 crore in revenue from operations in FY26, a 36.26 percent increase over the previous fiscal year, with nearly 70 percent of its revenue from the health services business.The company is currently awaiting Sebi’s approval before announcing the IPO dates, issue price and other details of the offer.
