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Trilegal advises on Cult. Fit’s proposed IPO

09 Jul 2026

Trilegal is advising the book-running lead managers, including Axis Capital, Goldman Sachs (India) Securities, Jefferies India, JM Financial, and Morgan Stanley India on Cult.Fit‘s proposed initial public offering of equity shares, consisting of a fresh issue aggregating up to INR 9,500 million and an offer for sale by the selling shareholders aggregating up to 178,609,200 equity shares of face value by INR 1 each.

Cult.Fit is a leading omnichannel health and wellness company that operates subscription-based physical fitness centers (like Cult Elite and Cult Neo), digital telehealth services, and sportswear/equipment retail. They also own and operate the brand rights for Gold’s Gym in India.

The Trilegal Capital Markets Team advising on the mandate is led by Partner: Vinay Sirohia and supported by Senior Associate: Harshvardhan Lahiri and Associates: Kohsheen Saraf, Olivia De, Jahnavi Jayasimha Rao, Hanna Vettoor, Dwija Vasavada, and Rishabh Shah.

About Trilegal

Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. With 161 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,300 professionals across its Mumbai, Delhi, Gurugram, Bengaluru, Chennai, Pune, and GIFT City offices.

Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Law Firm of the Year at the ET Global Legal Awards2026, Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, M&A Firm of the Year by IFLR Asia-Pacific in 2024.

For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com.

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