LMG IPO over-allotment partly exercised; KPTS retains 66.45% stake
KPIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.0 pts less than Nifty Smallcap 250 and 0.9 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Linjemontage i Grästorp AB's Nasdaq Stockholm IPO over-allotment was partly exercised for 1,877,911 shares. The unused 268,832 shares will be returned to Kalpataru Power Transmission Sweden AB, which will hold 34,042,919 LMG shares, or 66.45%. The offering covered 14,311,620 existing shares at SEK 46, and price stabilisation has ended.
KPIL keeps control of LMG through KPTS's 66.45% holding. Ending price support may increase near-term volatility in LMG shares; no change in KPIL control is disclosed.