LGT Business Connextions Ltd. logo

LGT Business Connextions was incorporated on August 31, 2016. The company is a travel and tourism service aggregator offering domestic and international packages, MICE travel, cruise bookings, hotel reservations, ticketing, visa processing, and custom itineraries for individuals and corporate clients. It partners with hotels, airlines, and other travel providers to deliver comprehensive travel solutions

Bidding Dates
19 Aug 2025 - 21 Aug 2025
Subscription
1.24x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue PricePost Issue Promoter Holding %Issue SizeIPO Document
₹256,8002212002.6 M₹10771.95 %₹280.9 MRHP DOC

LGT Business Connextions IPO SUBSCRIPTION STATUS

21 Aug '25
Total1.24x
Retail Individual Investor1.67x
HNI (NII) Investors0.81x
Qualified Institutional Buyers-

LGT Business Connextions IPO overall subscription rate was 1.24 times the total available shares

LGT Business Connextions IPO retail subscription rate was 1.67 times in the retail segment

LGT Business Connextions IPO non-institutional investor subscription rate was 0.81 times in the non-institutional investor category

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation50%50%-
21 Aug 2025
(Day 3)
1.67x0.81x-
20 Aug 2025
(Day 2)
0.32x0.43x-
19 Aug 2025
(Day 1)
0.17x0.22x-

LGT Business Connextions FINANCIALS

Period Revenue from Operations (Rs in crore) Net Profit (Rs in crore) Cash Flow from Operations (Rs in crore) Free Cash Flow (Rs in crore) Margins
FY25 100.4 5.2 1.0 1.0 7.6%
FY24 89.4 3.6 2.9 2.9 5.9%
FY23 61.0 3.0 1.0 1.0 6.6%

LGT Business Connextions IPO SUBSCRIPTION STATUS DETAILS

LGT Business Connextions had 2.6 M shares on offer

LGT Business Connextions IPO offer price was ₹107

LGT Business Connextions IPO minimum Investment was ₹256800

LGT Business Connextions IPO issue size was ₹ 280.9 M

LGT Business Connextions had a minimum lot size of 1200 Shares per application

LGT Business Connextions NUMBER OF SHARES ON OFFER

Total2.6 M
Fresh Issue2.4 M
Offer for Sale262.8 K
Post Issue Promoter Holding %71.95 %

LGT Business Connextions IPO IMPORTANT DATES

Issue Open Date19 Aug 2025
Issue close Date21 Aug 2025
Allotment Date22 Aug 2025
Refund Date22 Aug 2025
Demat Account Credit Date25 Aug 2025
Listing Date26 Aug 2025
Listing on Exchange(s)BSE
LGT Business Connextions Allotment StatusExchange/ Registrar

LGT Business Connextions IPO subscription opened on 19 Aug 2025, and closed on 21 Aug 2025

IPO allotment for LGT Business Connextions was finalized on Friday, 22 Aug 2025

IPO listing for LGT Business Connextions was on BSE on Tuesday, 26 Aug 2025

LGT Business Connextions IPO LISTING GAINS

Issue Price (adjusted)107.0
Listing Open Price85.6
Listing Close Price81.3
Listing Gain%-20.0%
Current Gain%-67.8%

LGT Business Connextions Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
LGT Global Hospitality Ltd.34.432.23.50.223.816.1137.99.29.9
Indian Railway Catering & Tourism Corporation Ltd.454.43635626.16.36.732.318.45475.211.71393.5617.44.1
TBO Tek Ltd.1709.818566.370.15615.82.62728.751.7244.36.324.414.1
BLS International Services Ltd.220.99094.912.90.52.927.918.23093.436686.735.117.124.9
LE Travenues Technology Ltd.158.26976.981.62.55.53.52.81275.336.872.119.91.932.8
Thomas Cook (India) Ltd.100.54727.821.6-1.70.68.62.88557.83.3218.8-144.6-12.9

LGT Business Connextions INFORMATION ON IPO ISSUE

About LGT Business Connextions

LGT Business Connextions was incorporated on August 31, 2016. The company is a travel and tourism service aggregator offering domestic and international packages, MICE travel, cruise bookings, hotel reservations, ticketing, visa processing, and custom itineraries for individuals and corporate clients. It partners with hotels, airlines, and other travel providers to deliver comprehensive travel solutions

Object of the Issue

  • To meet the capital expenditure
  • To meet working capital requirements
  • General corporate purposes

LGT Business Connextions - PROMOTERS

Name
Wilfred Selvaraj
Padma Wilfred

LGT Business Connextions - MANAGEMENT & LEADERSHIP

NameDesignation
Wilfred SelvarajManaging Director
Padma WilfredWhole Time Director
Ramesh RajaWhole Time Director
Deepti MantriWhole Time Director
Tijo Mathew KurisummoottilWhole Time Director
Sivaji GollapelliWhole Time Director
SingaravelouNon-Executive Director
Manoharan VIndependent Director
Velayutham AnburajIndependent Director
Susanta Kumar DehuryIndependent Director
Chinchalapu Ujjwal KumarIndependent Director

LGT Business Connextions Book Running Lead Manager

Mark Corporate Advisors Private Limited

smeipo@markcorporateadvisors.com

LGT Business Connextions Registrar to the issue

Skyline Financial Services Private Limited

ipo@skylinerta.com

LGT Business Connextions Strengths

Diverse services

The company offers a full range of travel-related solutions, including domestic and international travel, events, and holiday planning, all under one roof. Its flexibility and innovation in services help it stand out in the market

Strength

Experienced workforce

The company’s skilled and motivated team delivers high-quality service and builds strong customer relationships. Regular training and competitive pay help retain talent and maintain service standards

Strength

Strong client relationships

The company has built lasting ties with major customers, ensuring repeat business and supporting its growth through customer loyalty

Strength

LGT Business Connextions Risks

Regional concentration

The company’s sales are heavily concentrated in southern India, particularly Telangana, making it vulnerable to local economic, political, or environmental disruptions

Risk

Supplier dependence

The company relies on third-party travel suppliers without long-term contracts, exposing it to potential service disruptions, price increases, or quality issues

Risk

Service disruptions

The company’s operations depend on the steady availability of flights, hotels, and related travel services, where shortages or price hikes could harm customer satisfaction and profitability

Risk

IPO FAQs

  • This IPO consists of an offer for sale of up to Rs 2.8 crore, of 262,800 shares. It also consists of a fresh issue of Rs 25.3 crore.
  • The promoters of the company are Wilfred Selvaraj and Padma Wilfred.
  • The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
  • The price band of the IPO is Rs 107.0 - 107.0.
  • The IPO application opens on Aug 19, 2025 and closes on Aug 21, 2025.
  • The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
  • For all category investors, the minimum application amount for this IPO is Rs. 256,800.0, the maximum value for this IPO is Rs 256,800.0.
  • This IPO will be allotted on Aug 22, 2025.
  • The refund will be credited to your account on Aug 22, 2025.
  • The allotted shares will be credited to your demat on Aug 25, 2025.
  • LGT Business Connextions Ltd.’s shares listed on the stock exchanges on Aug 26, 2025.