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.

The total IPO size including the OFS component is likely to be around Rs.4,000 Cr, sources told Inc42.

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.

While MacRitchie Investments plans to offload up to 2.47 Cr shares, Fitness First Luxembourg will sell up to 1.96 Cr shares. Cofounder Bansal will sell up to 1.60 Cr...