SPR Auto Technologies raises about Rs 1000 crore via QIP to 45 investors

QIP at a discountMarquee QIP investorFund Raising View source PDF Explain this filing

SHRIPISTON · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.9%Reaction day

₹4520.00

prior close

₹4550.00

announcement price

After-mkt

timing

Nifty Microcap 250market+0.3%+1.6% vs market

Auto Components & Equipments peers, median of 124sector-0.3%+2.1% vs sector

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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.5

10m

-1.6

15m

-1.8

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.9+0.3+1.6-0.3+2.1

Next day

+5.1+0.5+4.6-0.9+6.0

+2.7+0.1+2.6-1.3+4.0

+1.5+0.7+0.9-0.9+2.5

-0.6+0.4-1.0-1.3+0.7

+1.0+0.7+0.2-1.1+2.0

+1.5+0.1+1.5-1.1+2.6

15d

-3.5+1.5-5.0-2.6-0.9

-0.7+0.3-1.0-3.4+2.7

-1.4-6.2+4.8-8.6+7.2

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UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 124Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

SPR Auto Technologies (formerly Shriram Pistons & Rings) allotted 23.36 lakh shares to 45 investors at Rs 4,280 each via Qualified Institutions Placement, raising about Rs 1,000 crore. The price carries a 3.56 percent discount to the floor price. Key allottees include Abu Dhabi Investment Authority (10.12 percent), Prazim Trading (11 percent), BlackRock (4.5 percent), ICICI Prudential, SBI, Kotak and Axis mutual funds. Paid-up equity capital rose to Rs 46.39 crore.

Likely market impact

Large QIP at a discount may pressure the stock short term, but marquee investor participation signals strong institutional confidence in the company.