SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) has completed its qualified institutional placement (QIP), allotting 23,36,448 equity shares to 45 investors at an issue price of ₹4,280 per share. The company raised an aggregate amount of ₹9,99,99,97,440 (nearly ₹1,000 crore) through the issuance.

The Finance and Investment Committee approved the allotment during a meeting held on August 20, 2026. The QIP opened on August 17, 2026, with a floor price of ₹4,438.20 per share, and closed on August 20, 2026. The final issue price included a discount of ₹158.20 per share (3.56% of the floor price).

Allotment details

The allotment was made to 45 qualified institutional buyers. Key investors include Abu Dhabi Investment Authority - Monsoon, Prazim Trading and Investment Company Private Limited, ICICI Prudential Mutual Fund - Active Momentum Fund, and SBI Automotive Opportunities Fund, each receiving 7% of the total issue size. Other significant participants include Kotak Small Cap Fund (6.09%), BlackRock Global Funds - India Fund (4.50%), and Ashoka Whiteoak ICAV - Ashoka Whiteoak India Opportunities Fund (3.88%).

Capital structure update

Following the allotment, the paid-up equity share capital of SPR Auto Technologies stands increased to ₹46,38,62,720, consisting of 4,63,86,272 equity shares with a face value of ₹10 each. The company will submit the pre-issue and post-issue shareholding patterns to the relevant stock exchanges in compliance with Regulation 31 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory compliance

The disclosure serves as compliance under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The trading window for designated persons remains closed until 48 hours after the determination of the final issue price, in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code for Prevention of Insider Trading.

Spr Auto Technologies has completed the first phase of its institutional investor roadshow, concluding virtual one-on-one meetings on August 7, 2026. The company, formerly known as Shriram Pistons & Rings Limited, notified the National Stock Exchange of India Limited and BSE Limited that these engagements were held in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The sessions focused on business updates and operational performance without disclosing any unpublished price-sensitive information (UPSI).

Managing Director & CEO Krishnakumar Srinivasan confirmed that all presentations shared during the meetings were identical to those previously submitted to stock exchanges and available on the company’s website. The initial day of interactions included discussions with four key institutional stakeholders: Azlin Consultants, Amansa, Bajaj Life, and Alchemy. These virtual one-on-one sessions marked the beginning of a broader engagement program scheduled to run through August 11, 2026.

Completed Investor Engagements

The virtual meetings on August 7, 2026, were structured as individual consultations to address specific queries from asset management firms and insurance providers. The company emphasized strict adherence to regulatory norms regarding information dissemination.

Upcoming Roadshow Schedule

Following the conclusion of the virtual sessions, Spr Auto Technologies will proceed with physical and hybrid meetings later in the week. Monday, August 10, is dedicated to physical one-on-one sessions in Mumbai, involving major mutual fund houses such as Axis MF, DSP MF, and Tata AIA Life. Tuesday, August 11, will feature a mix of virtual and physical formats, including group meetings with entities like HSBC MF, ICICI MF, and PGIM.

The company noted that the schedule remains subject to change due to logistical constraints or last-minute conflicts. All subsequent discussions will continue to align strictly with publicly available information, ensuring equal access to data for all investors. The full details of the engagement program are accessible on the company’s investor relations page.