India, July 7 -- Fitness unicorn Cult.fit has filed its draft red herring prospectus (DRHP) to raise over Rs.950 Cr through its IPO. The public issue will comprise a fresh issue of shares worth up to Rs.950 Cr and an offer for sale of up to 17.86 Cr shares.

Temasek Holdings, via MacRitchie Investments, Schroders Capital, German fitness operator LifeFit Group, Accel, Tata Digital and cofounder Mukesh Bansal are among the shareholders who plan to offload shares via the OFS.

Last month, it was reported that the Eternal-backed gym franchise operator was looking to raise Rs.3,500 Cr to Rs.4,000 Cr from the public issue at a valuation of about $2 Bn.

Cult.fit operates a chain of gyms and fitness centres and offers online classes for physical...