APAC IPOs & Placements, Aequitas Research

Akshat Shah

At Aequitas we cover all IPOs and placements across Asia-Pac with a deal size of at least US$100m. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Cult.fit Limited / Equity Capital Markets

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<li>
<a href="https://www.smartkarma.com/entities/cult-fit-limited" target="_blank" data-smartkarma-citation="entities:55318:1" rel="noopener">Cult.fit Limited (1416928D IN)</a> is looking to raise about US$423m in its upcoming India IPO. The deal will be run by Axis, MS, GS, Jefferies and JM Fin.</li>
<li>Cult.fit is a fitness and active lifestyle platform, offering fitness services and active lifestyle products through a platform that comprises an integrated app, website and other online and offline channels.</li>
<li>According to the Redseer report, Cult.fit was India’s largest fitness and active lifestyle platform in terms of the number of fitness centers in its network as of March 31, 2026.</li>
</ul>



Cult.fit Limited (1416928D IN) is looking to raise about US$423m in its upcoming India IPO. The deal will be run by Axis, MS, GS, Jefferies and JM Fin.
Cult.fit is a fitness and active lifestyle platform, offering fitness services and active lifestyle products through a platform that comprises an integrated app, website and other online and offline channels.
According to the Redseer report, Cult.fit was India’s largest fitness and active lifestyle platform in terms of the number of fitness centers in its network as of March 31, 2026.


Cult.fit Limited

Aequitas: Cult.fit Pre-IPO Tearsheet