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HDFC Mutual Fund emerged as the largest investor in the IPO, acquiring equity shares worth ₹74 Crore through the anchor book.

Popular Vehicles and Services IPO | HDFC Mutual Fund is the largest investor in the public issue, picking Rs 74 crore worth of equity shares via anchor book.

Popular Vehicles and Services IPO: The issue will open for subscription on March 12, while the anchor book will open for a day on March 11.

When it completes the Rs 800-crore OFS-only initial share sale, hopefully by later this month at a valuation of over Rs 1,550 crore, Popular will the only publicly traded auto retailer in the country as Sai Services has been taken private again.

And, so production also has come to standstill... Hero MotoCorp, one of the leading two-wheeler manufacturers, has announced a nationwide shutdown of its plants for four days between April 22 and May 1. The maker of the popular Splendor bike said that despite its 4-day shutdown and production halt, it will not have an impact on its ability to meet demand, according to the company’s exchange filing. General Motors, the US-based car maker, fired all its 1,419 employees in its Talegaon plant in Pune. The company’s director of communications, George Svigos, told Economic Times that no ve...