Subsidiary LMG IPO prospectus approved; priced at SEK 46, listing Sep 25
KPIL · price
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On the reaction day the stock moved 0.3 pts less than Nifty Smallcap 250 and 0.5 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.
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KPIL's Swedish step-down subsidiary Linjemontage (LMG) has its IPO prospectus approved by LMG board and Swedish regulator SFSA. Offer price fixed at SEK 46 per share, valuing LMG at about SEK 2,357 million. KPIL will sell up to 15.47 million shares (about 30.19 percent of LMG, including green shoe). Cornerstone investors Tredje AP-fonden and Unionen committed SEK 290 million. Nasdaq Stockholm listing expected Sep 25, 2026. LMG will remain KPIL's subsidiary post-listing.
Positive partial value unlocking for KPIL. LMG stays consolidated as subsidiary, so revenues and earnings continue to flow into KPIL books.