Cult.fit IPO alert: Fitness major receives SEBI nod for proposed IPO - Check OFS, fresh issue mix details

What happened: SEBI approved Cult.fit's proposed IPO on Friday and issued observations on its Draft Red Herring Prospectus. Sohan Lal Commodity Management, Eswari Global Metal Industries and Indian Gas Exchange also received SEBI nod. Key numbers: Fresh issue of equity shares worth up to ₹950 crore. OFS of up to 17.86 crore equity shares. Why it matters: The approval moves Cult.fit closer to listing after it filed its IPO papers in July. Proceeds are earmarked to expand its fitness centre network and fund branding and marketing. Price band and timeline are not yet available.

SEBI approval triggers IPO with OFS and fresh issue details.

SEBI approval triggers IPO with OFS and fresh issue details. — impact context not separately stored; see What changed.