Hrithik Roshan is preparing to unlock a portion of his investment in fitness and wellness platform Cult.fit as the company moves ahead with its proposed initial public offering (IPO). While the actor will participate in the offer-for-sale (OFS), he is not exiting the business and will continue to hold equity in the company after the public issue.
Hrithik Roshan to sell part of his Cult.Fit stake through IPO – 6.33 lakh shares
According to the draft red herring prospectus (DRHP) submitted by Cult.fit to the Securities and Exchange Board of India (SEBI), Hrithik plans to sell 6,33,824 equity shares as part of the OFS portion of the IPO. The actor has been associated with the company for many years, taking on multiple roles as both an investor and one of its key brand ambassadors.
The filing shows that ahead of the IPO, Hrithik holds about 19.01 lakh equity shares in the company, which is about 0.20 per cent of the pre-offer equity share capital. After the proposed sale, he will continue to own the remaining shares, with the final stake depending on the final structure of the public issue.
At present, the financial value of Hrithik’s stake sale cannot be determined as the company has not yet disclosed the price band of the IPO. The valuation of the shares offered will become clear once the pricing details are officially announced.
Cult.Fit’s proposed IPO consists of two components. The company intends to raise fresh capital by issuing equity shares worth up to Rs 950 crore. Additionally, existing investors will collectively sell 17.86 crore equity shares through the offer-for-sale route. Hrithik Roshan is among the shareholders participating in this segment along with several early investors.
Hrithik’s decision to sell only a part of his stake shows that he remains confident in the company’s long-term growth prospects. Rather than signaling a complete exit, this transaction represents a partial monetization of their investment while maintaining their association with the fitness and lifestyle brand.
Over the years, the actor has played a key role in strengthening Cult.Fit’s public image through brand campaigns, as well as supporting the company as an investor. Their continued stake following the IPO reflects an ongoing relationship with the platform, even as it prepares to enter the public markets.
