Key Quantitative Figures
- Total Equity Shares Allotted: 23,36,448 equity shares of face value ₹10 each
- Issue Price: ₹4,280.00 per equity share
- Discount: ₹158.20 per share (3.56% of floor price)
- Premium: ₹4,270.00 per equity share
- Total Issue Size: ₹9,99,99,97,440.00 (Nine Hundred Ninety-Nine Crore Ninety-Nine Lakh Ninety-Seven Thousand Four Hundred Forty Rupees)
- Post-Issue Paid-up Capital: ₹46,38,62,720.00 consisting of 4,63,86,272 equity shares
Dates and Timeline
- Issue Opening Date: August 17, 2026
- Issue Closing Date: August 20, 2026
- Committee Meeting Date: August 20, 2026
- Meeting Time: Commenced at 10:15 PM, concluded at 10:25 PM
- Disclosure Date: August 20, 2026
Parties Involved
- Issuing Company: SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited)
- Approving Authority: Finance and Investment Committee
- Number of Allottees: 45 qualified institutional buyers
Allottee Details
The QIP was allocated to 45 investors with significant allocations to:
- Abu Dhabi Investment Authority - Monsoon: 1,63,551 shares (7.00%)
- Prazim Trading and Investment Company Private Limited: 2,57,018 shares (11.00%)
- ICICI Prudential Mutual Fund - Active Momentum Fund: 1,63,551 shares (7.00%)
- SBI Automotive Opportunities Fund: 1,63,551 shares (7.00%)
- Kotak Small Cap Fund: 1,42,289 shares (6.09%)
- BlackRock Global Funds - India Fund: 1,05,140 shares (4.50%)
- Other notable investors include Tata funds, Motilal Oswal funds, Axis funds, Aditya Birla Sun Life funds, and Goldman Sachs
Capital Structure Impact
The allotment increases the company's paid-up equity share capital from the pre-issue level to ₹46,38,62,720.00 consisting of 4,63,86,272 equity shares of face value ₹10 each.
Additional Compliance
The company will submit the pre-Issue and post-Issue shareholding pattern to the relevant stock exchange(s) in the format specified under Regulation 31 of SEBI Listing Regulations.
#Tags: #SPRAutoTechnologies #QIP #SEBIRegulation30 #Fundraising #CapitalMarkets