Subway India operator EverBrands plans ₹600 crore IPO despite widening losses

EverBrands India, the master franchisee of Subway in India, Sri Lanka and Bangladesh, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for a fresh issue of shares worth up to ₹600 crore.The company plans to use ₹326.85 crore of the IPO proceeds to set up new company-owned, company-operat…