SPR Auto Tech QIP allotts 23.36 lakh shares, raises about Rs 1,000 crore at 3.56 percent discount
SHRIPISTON · price
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On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 2.1 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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SPR Auto Tech allotted 23.36 lakh shares at Rs 4,280 to 45 investors via QIP, raising about Rs 1,000 crore. The QIP ran August 17 to 20, 2026 at a 3.56 percent discount to floor price. Top allottees include Abu Dhabi Investment Authority, Prazim Trading (largest at 11 percent), BlackRock India Fund, and major mutual funds like SBI, Kotak, ICICI Prudential, Axis, and Aditya Birla Sun Life. Post-issue paid-up equity capital rose to Rs 46.39 crore (4.63 crore shares).
Raises about Rs 1,000 crore growth capital with strong demand from marquee funds. About 5 percent dilution. Watch use of proceeds and stock reaction.