SPR Auto Technologies Launches QIP at ₹4,438.20/Share
By Business Desk
SPR Auto Technologies initiates Qualified Institutional Placement (QIP), aiming to raise ₹10,000 million with a floor price of ₹4,438.20 per share. Learn more about the company’s strategic funding move.
SPR Auto Technologies Limited, formerly Shriram Pistons & Rings Limited, has officially launched its Qualified Institutional Placement (QIP) for equity shares. The company aims to raise up to ₹10,000 million through this issuance, setting the floor price at ₹4,438.20 per share.
The Finance and Investment Committee approved the QIP’s opening and floor price on August 17, 2026. This decision followed earlier endorsements from the Board of Directors on May 11, 2026, and a special resolution passed by shareholders on July 27, 2026.
The floor price calculation strictly adheres to Regulation 176(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. August 17, 2026, was designated as the relevant date for this pricing. The company retains the flexibility to offer a discount of up to 5% on this calculated floor price.
In line with SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for designated individuals and their immediate family members has been closed. This restriction will remain active until 48 hours after the final issue price is officially determined. The preliminary placement document, dated August 17, 2026, has been submitted to both BSE Limited and the National Stock Exchange of India Limited, fulfilling disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.