Investment17 Aug 2026, 07:40 pm
SPR Auto Technologies Approves QIP Floor Price of ₹4,438.20
AI Summary
SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) announced that its Finance and Investment Committee has approved the opening of a Qualified Institutions Placement (QIP) issue. The floor price for the issue has been fixed at ₹4,438.20 per equity share, calculated as per SEBI ICDR Regulations. The company plans to raise up to ₹10,000 million through this issuance. The 'relevant date' for the issue has been set as August 17, 2026. The trading window for designated persons has been closed until 48 hours after the issue price determination.
Key Highlights
- SPR Auto Technologies to launch Qualified Institutions Placement (QIP).
- Floor price set at ₹4,438.20 per equity share.
- Issue aims to raise up to ₹10,000 million.
- Trading window closed for designated persons due to QIP.
- Board and shareholders previously approved the fundraising.
Price Impact
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