India IPO Pipeline SEBI Regulatory Filings — October 24, 2026

Green shoe exercised at roughly 87.5% of the maximum (1,877,911 of 2,146,743 shares), with the parent retaining 66.45% (34,042,919 shares) post-exercise

Stabilisation transactions executed only at the flat offer price of SEK 46 (2,500 shares on 25 Sep, 262,254 on 29 Sep, 4,078 on 30 Sep 2026), with no trades above issue price, indicating limited aftermarket price support demand

Partial green shoe take-up suggests the book was not oversubscribed enough to fully exercise the over-allotment, a mildly cautious read on demand for the offering

Only about 87.5% of the green shoe was exercised and 268,832 shares were returned unexercised, signalling softer-than-full aftermarket demand for LMG shares

Stabilisation activity clustered at the offer price with no upside trades, implying the stock has not traded meaningfully above SEK 46 during the stabilisation window

The only available filing relates to a Swedish listing rather than an Indian IPO, and the enriched dataset contains no period comparisons, guidance, or valuation fields, limiting analytical depth for this pipeline

Parent retains a majority 66.45% stake in a listed subsidiary, preserving optionality for future value realisation or re-rating as LMG trades on Nasdaq Stockholm (LMGAB)

With the stabilisation period ended, LMG shares now trade without price support, so entry levels below or near SEK 46 may be assessed on fundamentals once the company reports its first public results

The single filing illustrates Indian industrial groups listing overseas subsidiaries in European markets (here Nasdaq Stockholm), a structure that can unlock value at the subsidiary level while the parent keeps control; pipeline observers should track whether this becomes a repeatable pattern rather than a domestic IPO trend

First public results and trading performance after stabilisation ended, as the stock now trades without price support; first trading day was 25 Sep 2026 [Date to be confirmed]

Any further sell-down or stake change by Kalpataru Power Transmission Sweden AB from its 66.45% holding in LMG, which would be disclosed under Regulation 30 [Ongoing]

The stream has no in-scope Indian IPO approval or listing filings in this window; monitor SEBI and NSE/BSE announcements for pipeline events to replace the out-of-scope data point [Ongoing]