SPR Auto Technologies Completes Equity Placement of ₹4,280 Per Share to QIBs
SPR Auto Technologies Limited, formerly Shriram Pistons & Rings Limited, announced the successful closure and allocation of equity shares in a Qualified Institutional Placement (QIP). The outcome was determined by the Finance and Investment Committee at a meeting held on August 20, 2026.The company confirmed that the Issue, which had opened on August 17, 2026, concluded on August 20, 2026, following the receipt of application forms and funds from eligible Qualified Institutional Buyers (QIBs).
Key decisions reached by the Finance and Investment Committee regarding the placement were:
- Allocation: 23,36,448 Equity Shares were allocated to the QIBs.
- Issue Price: The shares were allotted at an issue price of ₹ 4,280.00 per Equity Share.
- Pricing Structure: This issue price represented a discount of ₹ 158.20 per Equity Share (3.56%) compared to the floor price of ₹ 4,438.20 per Equity Share. The placement also included a premium of ₹ 4,270.00 per Equity Share upon closure of the Issue.
The Board of Directors approved and finalized the allocation note which will be sent to Eligible QIBs confirming their allotment of the equity shares.
Details regarding the successful placement are available in the placement document dated August 20, 2026.
SHRIPISTON Stock Price Movement
On Thursday, SPR Auto Technologies Limited shares edged higher, closing at ₹4513.8 after gaining 1.48%. Traded volume for the company reached 70,958 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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