Linjemontage lists on Nasdaq Stockholm in $71.3M IPO
What's the deal? Linjemontage i Grästorp ABDealroom has a profile for this one. Try Dealroom → has gone public on Nasdaq Stockholm, raising kr 710 million (about $71.3 million). The listing values the Swedish power-infrastructure firm at around kr 2.36 billion.
Who's behind it? Linjemontage is a step-down subsidiary of India's Kalpataru Projects International Limited (KPIL)Dealroom has a profile for this one. Try Dealroom →, which retains roughly 66% ownership through a wholly owned subsidiary after the listing. Resolút Partners advised the company on Indian securities law and corporate governance matters tied to the offering.
What's the endgame? Linjemontage is an engineering, procurement, and construction (EPC) provider focused on power infrastructure. The listing gives KPIL a public vehicle in Sweden while keeping majority control.
Why it matters: Linjemontage is the first foreign subsidiary of an Indian company to list on Nasdaq Stockholm, the deal team said.
The signal: The debut marks a route for Indian conglomerates to tap European public markets through overseas subsidiaries, a structure that could draw interest from peers weighing international listings.
Read more: barandbench.com
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