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EverBrands India Ltd, which operates Subway restaurants, has filed draft papers with markets regulator Sebi to raise Rs 600 crore through an initial public offering. The IPO is entirely a fresh issue of equity shares, according to the Draft Red Herring Prospectus (DRHP) filed on Monday. Of the proceeds, the company plans to use Rs 125 crore of the proceeds to repay or pre-pay borrowings of its wholly-owned subsidiary Culinary Brands India and Rs 326.85 crore to fund the setting up of new Subway stores under the company-owned-company-operated (COCO) format. Also, the remaining proceeds will be utilised for general corporate purposes. EverBrands India, formerly known as Culinary Brands Pvt Ltd, is a multi-brand food and beverages platform comprising Subway, Lavazza, Dilmah and its own Fresh & Honest brand. In the quick service restaurant (QSR) segment, the company holds master franchisee rights for Subway restaurants across India, Sri Lanka and Bangladesh. As of March 31, 2026, ..
EverBrands India Ltd, which operates Subway restaurants, has filed draft papers with markets regulator Sebi to raise Rs 600 crore through an initial public offering. The IPO is entirely a fresh issue of equity shares, according to the Draft Red Herring Prospectus (DRHP) filed on Monday. Of the proceeds, the company plans to use Rs 125 crore of the proceeds to repay or pre-pay borrowings of its wholly-owned subsidiary Culinary Brands India and Rs 326.85 crore to fund the setting up of new Subway stores under the company-owned-company-operated (COCO) format. Also, the remaining proceeds will be utilised for general corporate purposes. EverBrands India, formerly known as Culinary Brands Pvt Ltd, is a multi-brand food and beverages platform comprising Subway, Lavazza, Dilmah and its own Fresh & Honest brand. In the quick service restaurant (QSR) segment, the company holds master franchisee rights for Subway restaurants across India, Sri Lanka and Bangladesh. As of March 31, 2026, ..
India's primary market is witnessing an unprecedented boom, with the mainboard IPO pipeline hitting a staggering Rs 3.86 lakh crore-- nearly 3.5 times the Rs 1.10 lakh crore raised through 84 issues in 2026 so far-- indicating companies' growing appetite to tap public markets, according to the industry body Association of Investment Bankers of India (AIBI). The pipeline includes around 130 companies that have received approval from market regulator Securities and Exchange Board of India (Sebi), while another 75 companies have filed their Draft Red Herring Prospectuses (DRHPs) and are awaiting regulatory approval, AIBI said in its mid-term white paper. Of the total pipeline, companies that have received Sebi approval account for around Rs 2.43 lakh crore, while those awaiting approval represent another Rs 1.44 lakh crore, AIBI Chairman Mahavir Lunawat said. The report, titled India Capital Markets: Navigating Geopolitics, Capital & Growth, said theprimary market is moving beyond an
India's primary market is witnessing an unprecedented boom, with the mainboard IPO pipeline hitting a staggering Rs 3.86 lakh crore-- nearly 3.5 times the Rs 1.10 lakh crore raised through 84 issues in 2026 so far-- indicating companies' growing appetite to tap public markets, according to the industry body Association of Investment Bankers of India (AIBI). The pipeline includes around 130 companies that have received approval from market regulator Securities and Exchange Board of India (Sebi), while another 75 companies have filed their Draft Red Herring Prospectuses (DRHPs) and are awaiting regulatory approval, AIBI said in its mid-term white paper. Of the total pipeline, companies that have received Sebi approval account for around Rs 2.43 lakh crore, while those awaiting approval represent another Rs 1.44 lakh crore, AIBI Chairman Mahavir Lunawat said. The report, titled India Capital Markets: Navigating Geopolitics, Capital & Growth, said theprimary market is moving beyond an
Pioneer Fil-Med, Tonbo Imaging India and Functional & Innovative Foods have secured approval from capital markets regulator Sebi for their proposed initial public offerings (IPOs), paving the way for the three companies to proceed with their public issue plans. The draft offer documents of the three companies were received by Sebi between April and August. After reviewing the documents, the regulator gave its observations during September 21-25, an update with the markets watchdog showed on Monday. The regulator's observations are a key regulatory step that enables companies to proceed with their IPOs, subject to applicable laws and other requirements. Railway components maker Pioneer Fil-Med's proposed Rs 500 crore IPO comprises a fresh issue of equity shares worth Rs 250 crore and an Offer for Sale (OFS) of shares worth Rs 250 crore, according to its draft papers. The OFS will comprise stake sales by promoter Pioneer Facor IT Infradevelopers and promoter group entity Aztech ...
Cars24 expects to be eligible to file its draft red herring prospectus (DRHP) by April after completing its reverse flip from Singapore to India, a process that could take six to nine months, its CFO Shivanshu Makkar said. In an interview with PTI, Makkar said Cars24, which was incorporated in Singapore in 2015, has received approval for the reverse flip and will file papers for its IPO in India. "On the IPO, we are a Singapore-based entity. We had set up back in 2015 in Singapore. So, we are re-domiciling right now. It's a reverse flip process, like the process that Flipkart and Myntra did. "We have gotten our approval from Singapore, and we are filing in India. This will take anywhere between six to nine months. After the day we become an Indian entity is when we can file the DRHP. So, by April, we would be eligible to file a DRHP. From there, it takes about three to four months for Sebi approvals, pricing, book-building and all. So, that's the kind of timeline I'm looking at righ
Cars24 expects to be eligible to file its draft red herring prospectus (DRHP) by April after completing its reverse flip from Singapore to India, a process that could take six to nine months, its CFO Shivanshu Makkar said. In an interview with PTI, Makkar said Cars24, which was incorporated in Singapore in 2015, has received approval for the reverse flip and will file papers for its IPO in India. "On the IPO, we are a Singapore-based entity. We had set up back in 2015 in Singapore. So, we are re-domiciling right now. It's a reverse flip process, like the process that Flipkart and Myntra did. "We have gotten our approval from Singapore, and we are filing in India. This will take anywhere between six to nine months. After the day we become an Indian entity is when we can file the DRHP. So, by April, we would be eligible to file a DRHP. From there, it takes about three to four months for Sebi approvals, pricing, book-building and all. So, that's the kind of timeline I'm looking at righ