<b>SPR Auto Technologies closes ₹1,000 crore QIP, raising ~₹10,000 cr at ₹4,280 per share</b>

IPO / ECM 20 Aug 2026· ₹1,000 cr (actual: ₹9,99,99,97,440) · Completed· ✓ Verified

SPR Auto Technologies successfully closed its QIP process initiated on 17 August 2026. The company allocated 23,36,448 equity shares at an issue price of ₹4,280 per share (representing a discount of ₹158.20 from the floor price of ₹4,438.20), raising approximately ₹9,99,99,97,440. The issue opened with board approval on 11 May 2026 and shareholder special resolution on 27 July 2026. Finance and Investment Committee approved the opening on 17 August and allotment closure on 20 August 2026. The placement was subscribed by 45 qualified institutional buyers (including Abu Dhabi Investment Authority, Tata Mutual Funds, and other prominent financial institutions). Post-allotment paid-up equity…

Why it mattersQIP pricing discipline on mature auto-component platforms: despite 51% YoY consolidated revenue growth and margin expansion from the Antolin Interior Lighting acquisition, SPR achieved a tightly-controlled 3.56% discount to floor price, signalling institutional confidence in powertrain-agnostic transformation and de-risked capital structure post-M&A integration.
CounselKhaitan & Co, Trilegal
SectorIndustrials
Value₹1,000 cr (actual: ₹9,99,99,97,440)
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