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EverBrands India, Subway Operator, Files for Rs 600 Crore IPO
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News18•29-09-2026, 14:45
EverBrands India, Subway Operator, Files for Rs 600 Crore IPO
- •EverBrands India Ltd, operator of Subway restaurants, has filed draft papers with Sebi for a Rs 600 crore Initial Public Offering.
- •The IPO is entirely a fresh issue of equity shares, with proceeds earmarked for debt repayment and setting up new Subway stores under the COCO format.
- •The company plans to use Rs 125 crore to repay borrowings of its subsidiary Culinary Brands India and Rs 326.85 crore for new COCO Subway stores.
- •EverBrands India holds master franchisee rights for Subway across India, Sri Lanka, and Bangladesh, and also operates Lavazza, Dilmah, and Fresh & Honest brands.
- •As of March 31, 2026, EverBrands operated 1,008 Subway stores in India and 8 FOFO stores in Sri Lanka, with significant revenue growth in its QSR vertical.
Key Questions Answered
EverBrands India Ltd, the operator of Subway restaurants, has filed draft papers with Sebi to raise Rs 600 crore through an initial public offering that is entirely a fresh issue of equity shares.
The company plans to use Rs 125 crore to repay borrowings of its subsidiary Culinary Brands India, Rs 326.85 crore to fund new company-owned-company-operated Subway stores, and the rest for general corporate purposes.
EverBrands India operates Subway, Lavazza, Dilmah, and its own Fresh & Honest brand. It also holds master franchisee rights for Subway across India, Sri Lanka, and Bangladesh.
