New Delhi, July 7 -- Indian fitness platforms operator Cult.Fit Ltd has filed preliminary papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) comprising up to Rs.950 crore in newly issued shares and an offer-for-sale (OFS) component.

The OFS, by a clutch of existing shareholders can potentially take the IPO size to up to Rs.4,000 crore, two people aware of the matter told Mint.

Major investors, including Temasek, Fitness First Luxembourg S.C.A., Chiratae Ventures, Tata Digital, Accel India, Kalaari Capital and Schroders Capital, are selling up to 178.6 million shares through the OFS.

The selling shareholders also include Asian Paints promoter entity Doli Trading and Investments Pvt, hospit...