SPR Auto Technologies Completes Qualified Institutions Placement of Equity Shares
SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) announced the successful completion of a qualified institutions placement (QIP) for its equity shares. The Finance and Investment Committee approved the allotment following the issue, which took place between August 17, 2026, and August 20, 2026.
The Company allotted a total of 23,36,448 Equity Shares to 45 investors at an issue price of ₹ 4,280.00 per Equity Share. The transaction generated proceeds amounting to ₹ 9,99,99,97,440.00. This amount includes a premium of ₹ 4,270.00 per Equity Share over the floor price.
The capital structure of SPR Auto Technologies was updated following the placement. The paid-up equity share capital increased to ₹ 46,38,62,720.00, comprising 4,63,86,272 Equity Shares, each having a face value of ₹ 10.00.
Details regarding the placement and allotment are summarized below:
| Metric | Details |
|---|---|
| Total Shares Allotted | 23,36,448 Equity Shares |
| Number of Investors | 45 |
| Issue Price per Share | ₹ 4,280.00 |
| Total Proceeds | ₹ 9,99,99,97,440.00 |
The placement saw diverse participation across the investor base. Key allotments included significant portions to ABU DHABI INVESTMENT AUTHORITY - MONSOON and ICICI PRUDENTIAL MUTUAL FUND - ACTIVE MOMENTUM FUND, both receiving 1,63,551 shares each (7.00% of the issue size).
The list of allottees demonstrates strong backing from institutional funds across various sectors:
| Investor Type | Key Allotments | Total Shares Allotted |
|---|---|---|
| Fund Management | Tata Dividend Yield Fund, Tata Flexi Cap Fund, Motilal Oswal Large Cap Fund, SBI Automotive Opportunities Fund, and ICICI Prudential Mutual Fund | Totals across 17 institutional funds |
| International Bodies | ABU DHABI INVESTMENT AUTHORITY (two separate entries) and International firms like Goldman Sachs Investments and Morgan Stanley Asia | Totaling 20 distinct entities/entities in the placement |
The comprehensive list of all 45 investors, their respective share quantities, and the percentage of total issue size allocated to each, is available for reference.
SHRIPISTON Stock Price Movement
On Thursday, shares of SPR Auto Technologies Limited rallied, settling at ₹4513.8 after closing up by 1.48%, climbing ₹66.00 from the previous close. The stock saw active trading with 70,958 shares exchanged during the session, bouncing from a low of ₹4450.1 but falling short of its intraday high of ₹4525.2.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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