SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) has opened its qualified institutional placement (QIP) for equity shares, establishing a floor price of ₹4,438.20 per share. The company aims to raise an aggregate amount of up to ₹10,000 million through the issuance of equity shares with a face value of ₹10 each.

The Finance and Investment Committee approved the opening of the issue and the floor price during a meeting held on August 17, 2026. This action follows earlier approvals by the Board of Directors on May 11, 2026, and shareholders via a special resolution passed on July 27, 2026.

Issue Details

The floor price was calculated in accordance with Regulation 176(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The relevant date for pricing purposes was fixed as August 17, 2026.

Under the regulatory framework, the company retains the discretion to offer a discount of not more than 5% on the calculated floor price. The final issue price will be determined in consultation with the Lead Managers appointed for the transaction.

Regulatory Compliance

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company’s Code for Prevention of Insider Trading, the trading window for designated persons and their immediate relatives has been closed. This restriction remains in effect until 48 hours after the determination of the final issue price.

The preliminary placement document dated August 17, 2026, along with the application form, has been filed with both the BSE Limited and the National Stock Exchange of India Limited. The disclosure serves as compliance under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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 The sessions focused on business updates and operational performance without disclosing any unpublished price-sensitive information (UPSI).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.