SPR Auto Technologies Limited has successfully completed a qualified institutions placement (QIP), issuing 23,36,448 equity shares at an issue price of ₹4,280.00 per share. This placement, approved by the Finance and Investment Committee on August 20, 2026, has raised approximately ₹9,999.98 crore for the company. The funds will contribute to the company’s paid-up equity share capital, now standing at ₹46,38,62,720.00.
SPR Auto Technologies Completes Major Equity Placement
SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) has announced the successful completion of its Qualified Institutions Placement (QIP) of equity shares. The placement, which opened on August 17, 2026, and closed on August 20, 2026, was approved by the company’s Finance and Investment Committee on August 20, 2026.
Key Details of the QIP
The company has approved the issue and allotment of 23,36,448 Equity Shares, each with a face value of ₹10.00, to 45 eligible qualified institutional buyers. The issue price was set at ₹4,280.00 per Equity Share. This price includes a discount of ₹158.20 (3.56% of the floor price) and represents a premium of ₹4,270.00 per Equity Share over the face value. The total amount raised through this QIP is ₹9,99,99,97,440.00 (Rupees Nine Hundred Ninety-Nine Crore Ninety-Nine Lakh Ninety-Seven Thousand Four Hundred Forty Rupees Only).
Impact on Share Capital
Following this allotment, the paid-up equity share capital of SPR Auto Technologies Limited has increased to ₹46,38,62,720.00. This is now represented by 4,63,86,272 Equity Shares with a face value of ₹10.00 each.
List of Allottees
A comprehensive list of the allottees has been attached as Annexure 1 to the disclosure, detailing the entities that participated in this significant capital raise. The meeting of the Finance and Investment Committee to approve this placement took place from 10:15 PM to 10:25 PM on August 20, 2026.
Source: BSE
