NSEQualified Institutional Placement20 Aug 2026 · 20 Aug 2026, 08:53 pm
Qualified Institutional Placement
SPR Auto Technologies Limited · SHRIPISTON
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SPR Auto Technologies Limited has completed a qualified institutional placement of equity shares at ₹4,280 per share, with 23,36,448 shares allocated to qualified institutional buyers at a discount of ₹158.20 per share.
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Earnings Impact2/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment6/10
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Full Announcement
SPR Auto Technologies Limited has informed the Exchange about qualified Institutional Placement that Finance and Investment Committee approved the items as per the enclosed attachment.
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SHRIPISTON_20082026205242_Outcome20082026FINAL.pdf
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August 20, 2026
BSE Limited National Stock Exchange of India Limited
Corporate Relations Department Listing Department
Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C/1, G Block,
Dalal Street Bandra Kurla Complex
Fort, Mumbai 400 001 Bandra (East), Mumbai 400051
Maharashtra, India Maharashtra, India
Scrip Code: 544344 Symbol: SHRIPISTON
Dear Madam/ Sir,
Ref: Qualified institutions placement of equity shares of face value of ₹10 each (the “Equity
Shares”) to eligible qualified institutional buyers by SPR Auto Technologies Limited (formerly
Shriram Pistons & Rings Limited) (the “Company”) under the provisions of Chapter VI of
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements)
Regulations, 2018, as amended (the “SEBI ICDR Regulations”), and Sections 42 and 62 of the
Companies Act, 2013 (including the rules made thereunder), each as amended (the “Issue”).
Sub: Outcome of meeting of Finance and Investment Committee of Board of Directors held today
i.e. August 20, 2026
In continuation of our previous letter dated August 17, 2026 on the captioned subject, we wish to
inform you that the Finance and Investment Committee at its meeting held today i.e. August 20,
2026 has, inter alia, passed the following resolutions:
a. Approved the closure of the Issue today (i.e. August 20, 2026) pursuant to the receipt of
application forms and the funds in the escrow account from the eligible qualified institutional
buyers (“QIBs”) in accordance with the terms of the Issue;
b. Determined and approved the allocation of 23,36,448 Equity Shares at an Issue price of
₹4,280.00 per Equity Share which is at a discount of ₹158.20 per Equity Share i.e. 3.56% to the
floor price of ₹4,438.20 per Equity Share, in accordance with the SEBI ICDR Regulations
(including a premium of ₹4,270.00 per Equity Share) upon the closure of the Issue, determined
according to the formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations, for
the Equity Shares to be allotted to the QIBs in the Issue;
c. Approving and adopting the placement document dated August 20, 2026 in connection with
Issue; and
d. Approved and finalized the confirmation of allocation note to be sent to Eligible QIBs,
intimating them of the allocation of Equity Shares pursuant to the Issue.
The Issue was opened on August 17, 2026 and same was intimated to you pursuant to our letter
dated August 17, 2026. In this regard, we will file the placement document dated August 20, 2026
with the BSE Limited and National Stock Exchange of India Limited today.
The meeting of the Finance and Investment Committee commenced at 8:30 PM and concluded
at 8:45 PM.
A copy of the placement document dated August 20, 2026 is being made available on the
website of our Company at https://shrirampistons.com.
We request you to kindly take the same on record, and the same be treated as compliance under
the applicable regulations of the Securities and Exchange Board of India (Listing Obligations
Disclosure Requirements) Regulations, 2015, as amended.
Thanking you
Yours faithfully
For SPR Auto Technologies Limited
(formerly Shriram Pistons & Rings Limited)
(Krishnakumar Srinivasan)
Managing Director & CEO
DIN: 00692717