Kalpataru Subsidiary Linjemontage Plans IPO on Nasdaq Stockholm

Kalpataru Projects International Ltd (KPIL) announced that its wholly owned subsidiary, Kalpataru Power Transmission Sweden AB (KPTS), has approved an Initial Public Offering (IPO) for its step-down subsidiary, Linjemontage I Grastorp AB (LMG). LMG plans to list its shares on Nasdaq Stockholm. The offering will include existing shares from KPTS and management investors. The IPO is expected to value LMG at up to approximately SEK 2,350 million (approx. ₹2,324 Crores). The transaction is subject to market conditions and regulatory approvals, with completion anticipated by the end of September 2026. LMG will continue to be a step-down subsidiary of KPIL post-listing.