Hrithik Roshan to Partively Offload Cult.fit Stake in Upcoming ₹950 Crore IPO
Bollywood actor Hrithik Roshan is preparing to monetize a portion of his investment in the fitness and wellness platform, Cult.fit. According to the company’s Draft Red Herring Prospectus (DRHP) recently filed with SEBI, Hrithik will participate as a selling shareholder in the public issue. However, this is not a complete exit; the actor will retain a majority of his equity and maintain his long-standing association with the brand.
Inside the Numbers: Hrithik’s Pre- and Post-IPO Stake
Shares Up for Sale: Hrithik plans to unload 6,33,824 equity shares via the Offer for Sale (OFS) route.
Pre-IPO Holding: He currently owns approximately 19.01 lakh equity shares, which accounts for nearly 20% of the company’s pre-offer equity share capital.
Retained Ownership: Following the sale, he will continue to hold over 12.67 lakh shares, proving his continued confidence in Cult.fit’s long-term growth prospects.
Financial Value: The exact monetary value of his stake sale remains unknown, as the official IPO price band is yet to be disclosed.
Cult.fit IPO Structure at a Glance
The wellness platform’s upcoming market debut consists of two major components:
Fresh Issue: The company aims to raise up to ₹950 crore in fresh capital to pump back into business growth.
Offer for Sale (OFS): Existing and early-stage investors will collectively offload up to 86 crore equity shares.
A Dual Role: Over the years, Hrithik has been integral to Cult.fit’s journey, acting simultaneously as a financial backer and its most prominent public brand ambassador. His decision to retain a chunk of his equity signals that he remains highly bullish on the platform’s trajectory as it transitions into a publicly traded entity. Stay tuned to know more about it and others only with us and if you have anything to share do comment below and share your thoughts.
