Bollywood star Hrithik Roshan is preparing to divest a portion of his shares in the fitness and wellness company Cult.fit as it advances towards its initial public offering (IPO). He will offer 6.33 lakh shares through the offer-for-sale (OFS) segment of the IPO but will maintain a stake and continue his role as an investor and brand ambassador.
According to the Draft Red Herring Prospectus submitted to the Securities and Exchange Board of India, Hrithik currently holds just over 19 lakh shares, representing approximately 0.20 percent of Cult.fit’s pre-issue equity. Following the partial sale, his exact holdings will depend on the final IPO structure, though he will remain a shareholder.
The IPO for Cult.fit is structured with two components: a fresh equity issuance aimed at raising up to Rs 950 crore, and the OFS where existing investors, including Hrithik, will sell up to 17.86 crore shares collectively. The price band and valuation of the shares have yet to be disclosed, so the financial benefit to Hrithik from his sale remains unknown.
Hrithik’s decision to only partially sell shares signals a continued confidence in the company’s future. Over the years, he has supported Cult.fit beyond just investment, lending his celebrity reputation to boost its public profile. His retained stake after the IPO indicates an ongoing commitment to the brand as it transitions into the public market.