Spr Auto Technologies hits new high as Rs 1,000 crore QIP plans boost investor interest

Spr Auto Technologies reaches a 52-week peak following the announcement of a qualified institutional placement to raise Rs 1,000 crore, amid signs of strong financial growth and strategic expansion.

SPR Auto Technologies climbed to a fresh 52-week high on Tuesday after the auto components maker unveiled a qualified institutional placement to raise as much as Rs 1,000 crore, drawing investor attention to a stock that has already more than doubled from its low over the past year.

The shares opened on the BSE at Rs 4,500 and rose as much as 3.3 per cent to Rs 4,589 before trimming some gains. They were last quoted at about Rs 4,507.40, still nearly 2 per cent higher on the day. That marks a steep recovery from the stock’s 52-week low of Rs 2,452.

According to the company, its finance and investment committee approved the launch of the QIP on August 17, 2026, along with the preliminary placement document dated the same day. The floor price has been fixed at Rs 4,438.20 a share, with the final issue price to be set in consultation with the book-running lead managers. SPR Auto said the offer could be priced at a discount of up to 5 per cent to the floor price, and may involve as many as 23.72 lakh shares, implying dilution of roughly 5.1 per cent to 5.4 per cent.

The fundraising comes after a strong June quarter. SPR Auto reported consolidated total income of Rs 1,499.20 crore, up 51.2 per cent from a year earlier, while profit after tax rose 9.5 per cent to Rs 147.70 crore. Moneycontrol’s financial review of the company’s March quarter showed revenue growth of 47 per cent year on year and a 27 per cent rise in EBITDA, underscoring the company’s expansion as it folds in acquisitions such as Antolin. The fresh capital could help support that growth without relying entirely on debt.