Fitness and active lifestyle platform Cult.fit has received approval from the Securities and Exchange Board of India (Sebi) for its proposed Rs 3,500-4,000 crore initial public offering (IPO), about three months after filing its draft papers with the regulator.The IPO will comprise a fresh issue of shares worth Rs 950 crore and an offer for sale (OFS) of up to 178.6 million shares by existing investors and individual shareholders. The final