SPR Auto Technologies Completes QIP, Raises ₹999.99 Cr

SPR Auto Technologies Ltd (formerly Shriram Pistons & Rings Limited) announced the successful completion of its Qualified Institutions Placement (QIP). The Finance and Investment Committee approved the allotment of 23,36,448 equity shares at an issue price of ₹4,280.00 per share to 45 investors. 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 of face value ₹10.00 each. The issue opened on August 17, 2026, and closed on August 20, 2026.