Kalpataru Projects International Limited (KPIL) has announced the exercise of its over-allotment or ‘green shoe’ option for the initial public offering of Linjemontage i Grästorp AB (LMG). A total of 1,877,911 shares were exercised, covering the over-allotment. The remaining unexercised portion of 268,832 shares will be returned. This action signifies the conclusion of the stabilization period for LMG’s IPO.
Over-Allotment Option Exercised for LMG IPO
Kalpataru Projects International Limited (KPIL) has officially announced the partial exercise of the over-allotment or ‘green shoe’ option related to the initial public offering (IPO) of its first-level step-down subsidiary, Linjemontage i Grästorp AB (LMG). This development confirms the successful completion of the over-allotment period and the end of the stabilization phase for LMG’s shares.
Key Details of the Over-Allotment
In accordance with regulatory requirements, KPIL has confirmed that 1,877,911 shares were exercised as part of the over-allotment option. This action ensures market stability and fulfills demand generated during the IPO. Consequently, the unexercised portion of the over-allotment option, amounting to 268,832 shares, will be returned to Kalpataru Power Transmission Sweden AB (KPTS), a wholly-owned subsidiary of KPIL. Following these adjustments, KPTS’s shareholding in LMG is now reported at 66.45%, which translates to 34,042,919 shares.
Stabilisation Period Concludes
The exercise of the over-allotment option also marks the end of the stabilization period. This period allowed for market support activities to help stabilize the share price post-listing. The press release from LMG, dated October 23, 2026, titled “Exercise of overallotment option and end of stabilisation period,” provides further details on these developments. The information was received by KPIL on October 23, 2026, at approximately 10:38 p.m. IST.
Source: BSE
