SPR Auto Technologies Allots ₹10,000 Cr Equity via QIP

SPR Auto Technologies Ltd (formerly Shriram Pistons & Rings Limited) has successfully completed a Qualified Institutions Placement (QIP), allotting 23,36,448 equity shares of face value ₹10 each to 45 investors. The issue price was ₹4,280.00 per share, representing a discount of ₹158.20 (3.56%) to the floor price. The total amount raised aggregates to ₹9,99,99,97,440.00. This issuance increases the company's paid-up equity share capital to ₹46,38,62,720.00, comprising 4,63,86,272 equity shares. The QIP opened on August 17, 2026, and closed on August 20, 2026, with the allotment approved by the Finance and Investment Committee on the closing date.