As many as 16 IPOs are likely to hit the market in March itself to raise over Rs 25,000 crore

MTAR Technologies IPO to open on March 3: The Hyderabad-basedcompany aims to raise up to Rs 600 from the three-day IPO which closes on March 5

Stock Market Updates Today: Sectorally, except for IT and pharma index, all the other indices ended with decent gains. Private, PSU Bank and financial indices closed 3% higher today.

Over the past three years, Heranba's revenue grew at a CAGR of 13.3 per cent to Rs 951 crore in FY20 while its EBITDA and net profits grew at much faster pace of 21.4 per cent and 44.4 per cent, respectively, during the period

The basis of share allotment is expected to be finalised on March 2 and shares are likely to be credited to Demat accounts of investors on March 4. Equity shares are proposed to be listed on BSE and National Stock Exchange

Stock Market News Updates Today: Global equities were buoyed today as positive macroeconomic data flow and hopes of a COVID-19 vaccine boosted investor sentiment

Ahead of the IPO, Heranba Industries shares were trading at Rs 732 in the grey market, quoting a premium of Rs 105 or 24 per cent over the issue price of Rs 627 apiece

Stock Market News Updates Today: M&M, Axis Bank, L&T, Maruti traded among the top losers on Sensex pack. Meanwhile, ONGC, HDFC, Tech Mahindra traded among the top gainers

The basis of share allotment is expected to be finalised on March 2 and shares are likely to be credited to Demat account on March 4. The equity shares are proposed to be listed on BSE and National Stock Exchange

Stock Market News Updates Today: ONGC, SBI, Power Grid, RIL, NTPC, ITC, Tech Mahindra, Infosys, RIL, TCS and IndusInd Bank were among the top gainers. On the other hand, Axis Bank, Bajaj Finserv, HDFC Bank, HUL, HDFC, Airtel and L&T were among the top losers today