Popular vehicle and service's IPO

Kerala-based automobile dealer Popular Vehicles and Services has mobilised Rs 180.17 crore from institutional investors via an anchor book launched for a day on March 11.The above fundraising has taken place a day before the issue opening on March 12. The last day for subscription to the IPO will be March 14.The company informed exchanges on Monday that it has finalised the allocation of 61,07,325 equity shares to anchor investors for Rs 295 per equity share.Marquee investors like HDFC Mutual Fund, Quant Mutual Fund, HSBC Global Investment Funds, Lionglobal Investment Funds, BofA Securities Europe SA, Pinebridge Global Funds and ITI Mutual Fund invested in the company via anchor book.