Hrithik Roshan He is preparing to partially monetize his investment in fitness and lifestyle platform Cult. Sale of 633,000 shares through the company’s proposed initial public offering (initial public offering).According to the cult. fit In a 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 sell 6,33,824 shares under the offer for sale (OFS) portion of the IPO.
Hrithik will retain majority stake
Despite the stake sale, Hrithik will continue to be a shareholder in the company.The actor currently owns 1.901 million shares, accounting for about 0.20% of Cult, DRHP said. Fit’s pre-offer equity capital. After selling 633,000 shares, he will retain the remaining shares, subject to the final structure of the offer.The value of Hrithik’s proposed share sale is not yet known as the company has not announced a price range for the IPO.
Cult. Rs 950-crore new version of fitness program
Cult. fit’s IPO includes an issue of fresh shares worth up to Rs 950 crore and a stake sale offer of up to Rs 178.6 crore from existing shareholders, including Hrithik Roshan and several early investors.The company may also conduct a pre-IPO placement of up to Rs 190 crore before the issue begins. If completed, the size of the new offering will be reduced accordingly.The IPO date, price range and lot size have not yet been announced.
What does the company plan to do with the funds?
Cult. Fit said the proceeds from the new issue will be used to repay certain borrowings, expand its fitness center network, invest in its subsidiary Cultsport Pvt Ltd to open new exclusive brand stores, pay lease-related expenses, strengthen brand marketing plans and support general corporate purposes.Notably, Hrithik’s share sale falls under the offer-for-sale portion of the IPO. Proceeds from these shares will go directly to the selling shareholders, not the company.
Hrithik Roshan’s long-term association with Cult. fit
Hrithik Roshan has links with cult groups. Over the years, he has served not only as an investor but also as one of the company’s best-known brand ambassadors. His participation in the IPO reflects partial monetization of his investment, rather than a full exit from the company.Apart from Hrithik, the sale offer also includes shares for sale by existing shareholders including MacRitchie Investments, Tata Digital, Fitness First Luxembourg, Chiratae Trust, Accel India and company founders Mukesh Bansal and Bruno Eduard Raschle.According to the DRHP, a cult. As of March 31, 2026, fit operated 708 fitness centers in 77 cities. The company reported operating revenue of Rs 1,720.61 million for fiscal year 2026, an increase of 36.26% over the previous fiscal year, with nearly 70% of the revenue coming from the fitness services business.The company is currently awaiting approval from Sebi before announcing the IPO date, issue price and other offer details.