LGT Business Connextions IPO
GMP, Subscription, Price, Dates & Financial Details
Incorporated in 2016, LGT Business Connextions Limited is a service aggregator operating in the travel and tourism industry. The company connects customers with a broad range of travel-related services, either directly or through third-party aggregators, offering a seamless, one-stop solution for…
Open Date
Tue, 19 Aug 2025
Close Date
Thu, 21 Aug 2025
Issue Price
₹ 107
Lot Size
1200
Issue Size
₹ 28.09 Cr
Minimum Investment
₹ 256,800 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
LGT Business Connextions IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹28.09 Crore, comprising a fresh issue of 22.31 Lakh equity shares aggregating to ₹23.87 Crore and an offer for sale (OFS) of 2.63 Lakh equity shares aggregating to ₹2.81 Crore by the existing shareholders.
The LGT Business Connextions IPO remained open for subscription from August 19, 2025, to August 21, 2025. The basis of allotment was finalized on August 22, 2025, and the company's shares were listed on BSE SME Platform on August 26, 2025.
The company had fixed the price at ₹107 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹256,800 (based on the upper price band) to apply for one lot.
Skyline Financial Services Private Ltd served as the registrar to the issue. Mark Corporate Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, LGT Business Connextions Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
LGT Business Connextions IPO Timeline (Tentative)
- IPO Open Date
- Tue, 19 Aug 25
- IPO Close Date
- Thu, 21 Aug 25
- Basis of Allotment
- Fri, 22 Aug 25
- Initiation of Refunds
- Mon, 25 Aug 25
- Credit of Shares to Demat
- Mon, 25 Aug 25
- Listing Date
- Tue, 26 Aug 25 — NSE & BSE
Open Date
19 August 2025
Close Date
21 August 2025
Basis Of Allotment
22 August 2025
Listing Date
26 August 2025
IPO Subscription
Check Live Subscription →The LGT Business Connextions IPO has received bids for 32,55,600 shares against 24,93,600 shares offered, resulting in an overall subscription of 1.31x. the NII category is subscribed 0.86x, Retail Investors 1.75x, and QIBs 0x.
QIB
0x
NII
0.86x
RII
1.75x
Total
1.31x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 12,46,800 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 12,46,800 shares (50%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Non-Institutional | 1,246,800 | 50% |
| Retail Investors | 1,246,800 | 50% |
| Total | 2,493,600 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 27.18 | 14.93 | 8.69 |
| Revenue | 100.81 | 89.53 | 61.18 |
| Profit After Tax | 5.22 | 3.63 | 2.97 |
| Net Worth | 12.45 | 7.23 | 3.6 |
| Reserve & Surplus | 5.44 | 7.22 | 3.59 |
| Total Borrowings | 9.58 | 2.82 | 2.5 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
LGT Business Connextions Limited KPI Information
| Particular | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE % | 41.89 | 50.2 | 82.55 |
| ROCE % | 45.19 | 62.09 | 90.36 |
| Debt / Equity | 0.77 | 0.39 | 0.69 |
| RoNW % | 41.89 | 50.2 | 82.55 |
| Pat Margin % | 7.62 | 5.89 | 6.62 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| LGT Business Connextions Ltd | 10 | 14.38 | 0.00 | 0.00 | 41.89 | 17.76 |
| International Travel House Ltd | 10 | 14.15 | 0.00 | 0.00 | 16.42 | 206.85 |
About LGT Business Connextions Limited
Incorporated in 2016, LGT Business Connextions Limited is a service aggregator operating in the travel and tourism industry. The company connects customers with a broad range of travel-related services, either directly or through third-party aggregators, offering a seamless, one-stop solution for both individual and corporate travel needs.
LGT’s service portfolio includes MICE (Meetings, Incentives, Conferences, and Exhibitions) travel, hotel and cruise bookings, in-transit arrangements, local sightseeing, customized tour packages, visa processing, and trade fair travel solutions.
Business Divisions
- MICE: LGT offers end-to-end solutions for corporate events, including travel arrangements, accommodation, venue coordination, logistics, and post-event services.
- Accommodation: The company facilitates bookings through third-party hotel partners and also offers leased accommodations in Chennai and Thiruvananthapuram.
- Ticketing & Visa Services: Through IATA accreditation, LGT provides domestic and international ticketing along with visa facilitation for tourism, business, and conference travel—typically as part of bundled packages.
Business Model
Operating primarily under a B2C framework, LGT earns revenue via commissions from service providers or direct client charges. While individual clients are served, the company’s core strength lies in servicing corporate customers, who often engage through the company’s website and are supported by a dedicated sales team providing personalized travel solutions.
Key Strengths
- Experienced management and organizational stability
- Broad and integrated service offerings
- Skilled and trained personnel
- Scalable and efficient business model
- Streamlined operational processes
Workforce
As of 31 March 2025, LGT Business Connextions employs 81 professionals across multiple departments, supporting its expanding operations and commitment to service excellence.
LGT Business Connextions IPO Promoters
- Wilfred Selvaraj
- Padma Wilfred
Promoters Holding
Holding Pre Issue
99.94%
Holding Post Issue
71.94%
LGT Business Connextions IPO Objective
The Company LGT Business Connextions IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Capital Expenditure
- Working Capital Requirement
- General Corporate Purpose
LGT Business Connextions Limited Address / Contact Details
LGT Business Connextions Limited
New No. 38, Old No. 44,
First Floor, Brindavan Street Extn,
West Mambalam
Chennai, Tamil Nadu, 600033
Phone: +91 9940067846
Email: info@lgtholidays.com
Website: http://www.lgtholidays.com/
IPO Snapshot
LGT Business Connextions IPO Lot Size
The LGT Business Connextions IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹2,56,800 by applying for 2 lot (2,400 shares). The maximum application allowed for the retail category is 2 lots (2,400 shares), requiring an investment of ₹2,56,800.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 256,800.00 |
| Retail (Max) | 2 | 2,400 | 256,800.00 |
| S-HNI (Min) | 3 | 3,600 | 385,200.00 |
Issue Reservation
- NII — 50%
- RII — 50%
LGT Business Connextions IPO Registrar
Skyline Financial Services Private Ltd
Check Allotment StatusBook Running Lead Managers
- Mark Corporate Advisors Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the LGT Business Connextions IPO?
LGT Business Connextions IPO is a Fixed price IPO with a total issue size of ₹28.09 crore. The LGT Business Connextions IPO price band is ₹107 to 107 per share. The LGT Business Connextions IPO subscription opens on Tue, Aug 19, 2025, and closes on Thu, Aug 21, 2025. The LGT Business Connextions IPO will be listed on the BSE. Skyline Financial Services Private Ltd is the registrar for the LGT Business Connextions IPO.
When will the LGT Business Connextions IPO open for subscription?
The LGT Business Connextions IPO opens on Tue, Aug 19, 2025 and closes on Thu, Aug 21, 2025
What is LGT Business Connextions IPO Price Band?
LGT Business Connextions IPO Price Band is ₹107 to 107 per share.
What is LGT Business Connextions IPO Lot Size?
LGT Business Connextions IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹256800 based on the upper price band
What is the minimum investment for LGT Business Connextions IPO?
The minimum investment for LGT Business Connextions IPO is ₹256800, based on one lot of 1200 shares at the upper price band of ₹107 per share.
How to apply for LGT Business Connextions IPO?
Investors can apply for the LGT Business Connextions IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Aug 21, 2025. The application amount remains blocked until the LGT Business Connextions IPO allotment is finalized.
What is LGT Business Connextions IPO Issue Size?
LGT Business Connextions IPO issue size is ₹28.09 crores.
What is the LGT Business Connextions IPO Allotment Date?
LGT Business Connextions IPO allotment date is Fri, Aug 22, 2025.
Who is the LGT Business Connextions IPO Registrar?
The registrar for LGT Business Connextions IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website to check LGT Business Connextions IPO allotment status, refund processing, and other IPO-related information.
What is the LGT Business Connextions IPO GMP?
The LGT Business Connextions IPO GMP (Grey Market Premium) is ₹10 as of Thu, Aug 21, 2025. Based on the upper price band of ₹107 per share, the estimated LGT Business Connextions IPO listing price is ₹117, indicating a potential listing gain of approximately 9.35% over the issue price.
Who is the LGT Business Connextions IPO Lead Manager?
The book-running lead managers (BRLMs) for the LGT Business Connextions IPO are Mark Corporate Advisors Private Limited . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the LGT Business Connextions IPO Red Herring Prospectus (RHP).