Subway India restaurant chain operator EverBrands files DRHP to raise Rs.600-Cr

New Delhi-based EverBrands India has filed its draft red herring prospectus for an initial public offering. The proposed transaction consists of a fresh issue of equity shares amounting to INR 600-Cr, with no offer for sale. The company may also consider a pre-IPO placement of INR 120-Cr. Motilal Oswal, ICICI Securities, and Nuvama have been appointed as book-running lead managers.EverBrands operates the Subway brand in India through its subsidiary, Culinary Brands India . The firm also manages coffee chains Lavazza Coffee and F&H Coffee , and handles the distribution of Dilmah Tea in India through Fresh and Honest Cafe.The company plans to allocate INR 125-Cr of the proceeds toward the repayment of debt and INR 326.85 Cr for capital expenditure to establish new-format Subway stores.For the fiscal year 2026, the company reported revenue of INR 966.17 Cr, while its net loss widened to INR 58.19 Cr. EverBrands Ventures Pte Ltd is the largest shareholder, holding a 57.78% stake, followed by Norwest Capital LLC with 16.48%.