The firm behind Cafe Coffee Day has filed a draft application with regulators for an initial public offering (IPO) to raise around 11.5 billion rupees ($180.8 million), two bankers familiar with the filing said.

The application process with the Securities and Exchange Board of India (SEBI) could take two to three months, the bankers said, adding they expected the coffee chain to list within one to two months after that approval.

Kotak Mahindra Bank, Morgan Stanley, and Citigroup were among the underwriters for the IPO, the bankers said.