Date: 25th September, 2026
Board Meeting Outcomes
Linjemontage i Grästorp AB (LMG), a first level step down material subsidiary of Kalpataru Projects International Limited, has completed its initial public offering on Nasdaq Stockholm. The Board of Directors of LMG approved the offer for sale by existing shareholders and admission of LMG's equity shares for trading on Nasdaq Stockholm, effective 25th September, 2026.
Disinvestment / Strategic Actions
Offering Details:
- Total Size: Up to 16,458,363 equity shares at SEK 46 per share (quota value SEK 0.50 each)
- Percentage of Total Shares: ~32.1% of LMG's total shares
- Base Offering: 14,311,620 shares
- Green Shoe Option: Up to 2,146,743 additional shares (may or may not be exercised in whole or in part)
Selling Shareholders:
- Kalpataru Power Transmission Sweden AB (KPTS): 13,319,670 shares in base offering plus up to 2,146,743 additional shares subject to green shoe option
- Employee/Director Shareholders: 991,950 shares
Stake Change Impact:
Upon full subscription and assuming full exercise of the over-allotment/green shoe option:
- KPTS's stake in LMG will decrease from current 96.12% (49,240,500 shares) to 65.93% (33,774,087 shares)
- KPTS will receive gross proceeds of SEK ~711.45 million, subject to customary adjustments, issue expenses, and set-offs
Stabilization Mechanism:
- 2,146,743 shares (15% of total Offering) provided by KPTS will be used by issue managers for price stabilization under Article 5(4) of the EU Market Abuse Regulation (MAR)
- Stabilization period: Within 30 calendar days from listing (25th September, 2026)
- Exchanges will be informed about green shoe option utilization or share buybacks no later than 30 calendar days from first day of trading