Cult.fit Gets SEBI Clearance For ₹950 Cr+ IPO

Markets regulator SEBI has given its go-ahead to gym chain Cult.fit’s ₹950 Cr IPO about three months after it filed draft red herring prospectus (DRHP) with the regulator. As per SEBI’s latest processing status, the regulator issued its final observation on the offer documents of Cult.fit on October 12. In SEBI parlance, the issuance of final observations signals the regulator’s go-ahead for a company to proceed with its public issue.