Cult.fit files IPO papers with Sebi; aims to mop up ₹950 crore via fresh issue
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📌 Summary:
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Fitness and wellness company Cult.fit has filed draft IPO papers (DRHP) with market regulator SEBI
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The company aims to raise ₹950 crore through a fresh issue of shares, apart from an offer-for-sale component
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The filing reflects continued momentum in India's primary market for new-age consumer companies
📝 Prelims Facts:
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DRHP (Draft Red Herring Prospectus) is filed with SEBI before an IPO
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SEBI — statutory market regulator established under the SEBI Act, 1992
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Fresh issue raises new capital for the company; offer-for-sale transfers existing shares
🔑 Key Term: DRHP — the preliminary offer document a company files with SEBI containing business, financial and risk disclosures ahead of an IPO.
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