Cult Fit files DRHP as Manipal Health and Rentomojo receive SEBI approval in IPO round

Investors are abuzz this week as three companies – fitness giant Cult.fit, the health‑tech firm Manipal Health and the e‑commerce rental startup Rentomojo – each move a step closer to listing on the stock market.

In a move that signals strong market appetite, Cult.fit has filed a Draft Red Herring Prospectus (DRHP) with SEBI, the key regulatory body for India’s capital markets. The filing follows approvals granted to Manipal Health and Rentomojo earlier this week, giving them the green light to pursue public offerings.

These approvals are expected to broaden investment opportunities in Udupi’s growing economic landscape, create liquidity and potentially attract more institutional capital. However, analysts warn that investors should closely examine the prospectuses for risks before committing. Source: Google News – Manipal.