Subway India operator EverBrands files DRHP to raise Rs 600 Cr via fresh issue

"Subway India operator EverBrands India has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth up to Rs 600 crore, with no offer for sale (OFS). The company may also consider a pre-IPO placement of up to Rs 120 crore. If completed, the pre-IPO placement will reduce the size of the fresh issue. The company has…