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LGT Business Connextions Ltd IPO
LGT Business Connextions IPO is going to raise around ₹28.09 crore through a fixed-price SME offering of ₹107 per share, including a fresh issue and a small offer-for-sale (OFS), with a total issue amount of around 26.26 lakh shares. The offer will open on 19 August 2025 and close on 21 August 2025 with the basis of allotment on 22 August 2025 and a conditional listing on the BSE SME platform on 26 August 2025.
Company Background
LGT Business Connextions Limited is a travel and tourism service aggregator based in Chennai and was founded in 2016, which offers end-to-end solutions to corporates and individual travelers by collaborating with hotels, airlines, cruise lines, car rental companies and third-party aggregators. The company is marketing itself as a one-stop shop in terms of both domestic and international itineraries, as well as various travel requirements under the same umbrella.
Operations & Product Range
Facility & Production
The company operates a service-based, asset-light business model as opposed to manufacturing and performs its operations in offices and leased accommodations and provides services through networks of partner suppliers and aggregators. Its accomplishment depends on the smooth coordination with hotels, airlines, cruises, and mobility partners throughout itineraries.
Brands & Market Presence
LGT Business Connextions Ltd IPO has a complete bouquet: MICE (Meetings, Incentives, Conferences, Exhibitions), leisure tours, hotel bookings, cruise bookings, ticketing, visa processing, sightseeing, and customized travel plans within and outside the country. It caters to the pan-India customer and creates international itineraries using partner networks.
Revenue Channels
- MICE packages and events offered to the corporates are major revenue generators.
- Hotel reservations, cruises and packaged tour packages (leisure and corporate).
- Independent services such as ticketing and visa processing, where revenues are earned through commission with partners and/or direct service fees.
Management & Shareholding
Promoters & Shareholding
Wilfred Selvaraj and Padma Wilfred are promoters and Wilfred Selvaraj is listed as a key managerial leader in broker materials for the LGT Business Connextions IPO. Public SME portals report high pre-issue promoter holding with a reduction post-issue that is typical of SME listings; one portal reports a pre-issue promoter shareholding of 99.95 percent and post-issue of 71.95 percent.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
LGT Business Connextions Ltd IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
LGT Business Connextions Ltd IPO Details
| Detail | Description |
|---|---|
| IPO Date | August 19, 2025 to August 21, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price | ₹107 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 26,25,600 shares (aggregating up to ₹28.09 Cr) |
| Reserved for Market Maker | 1,32,000 shares (aggregating up to ₹1.41 Cr) Asnani Stock Broker Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 22,30,800 shares (aggregating up to ₹23.87 Cr) |
| Offer for Sale | 2,62,800 shares of ₹10 (aggregating up to ₹2.81 Cr) |
| Net Offered to Public | 24,93,600 shares (aggregating up to ₹26.68 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 70,10,000 shares |
| Share Holding Post Issue | 93,72,800 shares |
LGT Business Connextions Ltd IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tue, Aug 19, 2025 |
| IPO Close Date | Thu, Aug 21, 2025 |
| Tentative Allotment | Fri, Aug 22, 2025 |
| Initiation of Refunds | Mon, Aug 25, 2025 |
| Credit of Shares to Demat | Mon, Aug 25, 2025 |
| Tentative Listing Date | Tue, Aug 26, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 21, 2025 |
LGT Business Connextions Ltd IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400.00 | ₹2,56,800 |
| Individual investors (Retail) (Max) | 2 | 2,400.00 | ₹2,56,800 |
| HNI (Min) | 3 | 3,600 | ₹3,85,200 |
LGT Business Connextions Ltd IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 99.95% |
| Share Holding Post Issue | 71.95% |
Competitive Strength:
- ● Experienced promoter group and concentrated leadership within the service-aggregator travel model.
- ● End-to-end travel services including MICE, leisure, hotels, cruises, ticketing, visas and bespoke itineraries to corporate and retail customers.
- ● Network-based asset-light, order-driven business models that use partner networks and digital lead generation that enable scalable growth.
- ● Improving financial performance: FY2025 revenue of approximately 100.4-100.8 crore and PAT 5.22 crore versus FY2024 revenue of approximately 89.3-89.5 crore and PAT 3.63 crore, with an increase in scale and profitability.
LGT Business Connextions Ltd IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 27.18 | 100.81 | 5.22 | 12.45 | 9.58 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 14.93 | 89.53 | 4 | 7 | 2.82 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 8.69 | 61.18 | 2.97 | 3.6 | 2.5 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 41.89% |
| ROCE | 45.19% |
| Debt/Equity | 0.77 |
| RoNW | 41.89% |
| PAT Margin | 5.19% |
| EBITDA Margin | 7.62% |
| Price to Book Value | 6.02 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.44 | 5.56 |
| P/E (x) | 14.38 | 19.23 |
Objectives of LGT Business Connextions Ltd IPO
The fresh issue proceeds are intended for business growth, including working capital and general corporate purposes, while the OFS enables partial monetization by selling shareholders; precise deployment is detailed in the RHP and broker summaries.
Conclusion
LGT Business Connextions adds a full-stack travel aggregation product with high exposure to MICE and hotel-centric services on both domestic and international itineraries. The ₹107 IPO at a fixed price aims to strengthen working capital and expansion in the background of increasing revenues and profitability; investors are advised to analyze supplier dependencies, service/geographic concentration, client mix, and working capital cycles as outlined in the RHP before taking a decision.
RHP:
DRHP:
Read more :
Frequently asked Questions (FAQs )
-
1. How big is the LGT Business Connextions IPO and what’s the structure?
About ₹28.09 crore in total, comprising a fresh issue with a smaller OFS component totaling roughly 26.26 lakh shares.
-
2. What are the IPO dates and expected listing?
Open: 19 Aug 2025; Close: 21 Aug 2025; Allotment: 22 Aug 2025; Tentative listing: 26 Aug 2025 on BSE SME.
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3. What is the LGT Business Connextions Ltd IPO price and lot size for retail?
Fixed price of ₹107 per share; lot size 1,200 shares; some platforms indicate an effective minimum of 2 lots (2,400 shares) ≈ ₹2,56,800, though per-lot size is 1,200 shares.
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4. What does the company do?
A travel and tourism aggregator offering MICE, leisure packages, hotel and cruise bookings, ticketing, visa services, and custom itineraries for corporate and individual clients.
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