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SEBI Clears IPO Plans for Cult.fit, Sohan Lal Commodity and Two Others
M
Moneycontrol•16-10-2026, 19:34
SEBI Clears IPO Plans for Cult.fit, Sohan Lal Commodity and Two Others
- •SEBI has given the green light to Cult.fit, Sohan Lal Commodity Management, Eswari Global Metal Industries, and Indian Gas Exchange to proceed with their IPOs.
- •Cult.fit plans to raise Rs 950 crore through a fresh issue of shares and an offer for sale, backed by investors like Temasek and Accel.
- •Sohan Lal Commodity Management filed its draft IPO papers via the confidential route in March 2026.
- •Eswari Global Metal Industries aims to raise Rs 500 crore via fresh equity and an offer for sale by existing shareholders.
- •Indian Gas Exchange's proposed IPO features an offer for sale of 1.67 crore equity shares by its promoter, Indian Energy Exchange.
Key Questions Answered
SEBI cleared the initial public offering plans for Cult.fit, Sohan Lal Commodity Management, Eswari Global Metal Industries, and the Indian Gas Exchange (IGX).
Companies following the regular filing route have 12 months from receiving SEBI observations to launch their IPO, whereas those using the confidential route have an 18-month timeline.
Cult.fit plans to raise Rs 950 crore through a fresh issue of shares alongside an offer for sale as part of its proposed initial public offering.
