An offer for sale by existing shareholders could take the fitness company's IPO size to as much as ₹4,000 crore

Fitness and wellness company Cult.fit has filed draft papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) that could raise as much as ₹950 crore in fresh capital as the company looks to capitalize on growing demand for health and wellness services in India. The offering will include a fresh issue of shares and an offer for sale (OFS) by existing investors. The IPO could total as much as ₹4,000 crore, people familiar with the matter said.....

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Via business-standard.com