- POSITIVE
Annual Revenue LGT Global Hospitality Mar-2026 Annual Revenue is Rs 136 Cr which is growth of 35.3% YoY.
- NEGATIVE
Annual Net Profit LGT Global Hospitality Mar-2026 Annual Net Profit is Rs 5 Cr which is growth of -12.0% YoY.

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 Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹256,800 | 2 | 2 | 1200 | 2.6 M | ₹107 | 71.95 % | ₹280.9 M | RHP DOC |
LGT Business Connextions IPO SUBSCRIPTION STATUS
21 Aug '25LGT 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
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
21 Aug 2025 (Day 3) | 1.67x | 0.81x | - |
20 Aug 2025 (Day 2) | 0.32x | 0.43x | - |
19 Aug 2025 (Day 1) | 0.17x | 0.22x | - |
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
LGT Business Connextions IPO IMPORTANT DATES
| Issue Open Date | 19 Aug 2025 |
| Issue close Date | 21 Aug 2025 |
| Allotment Date | 22 Aug 2025 |
| Refund Date | 22 Aug 2025 |
| Demat Account Credit Date | 25 Aug 2025 |
| Listing Date | 26 Aug 2025 |
| Listing on Exchange(s) | BSE |
| LGT Business Connextions Allotment Status | Exchange/ 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 Price | 85.6 |
| Listing Close Price | 81.3 |
| Listing Gain% | -20.0% |
| Current Gain% | -67.8% |
LGT Business Connextions Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LGT Global Hospitality Ltd. | 34.4 | 32.2 | 3.5 | 0.2 | 23.8 | 16.1 | 137.9 | 9.2 | 9.9 | ||||
| Indian Railway Catering & Tourism Corporation Ltd. | 454.4 | 36356 | 26.1 | 6.3 | 6.7 | 32.3 | 18.4 | 5475.2 | 11.7 | 1393.5 | 6 | 17.4 | 4.1 |
| TBO Tek Ltd. | 1709.8 | 18566.3 | 70.1 | 5 | 6 | 15.8 | 2.6 | 2728.7 | 51.7 | 244.3 | 6.3 | 24.4 | 14.1 |
| BLS International Services Ltd. | 220.9 | 9094.9 | 12.9 | 0.5 | 2.9 | 27.9 | 18.2 | 3093.4 | 36 | 686.7 | 35.1 | 17.1 | 24.9 |
| LE Travenues Technology Ltd. | 158.2 | 6976.9 | 81.6 | 2.5 | 5.5 | 3.5 | 2.8 | 1275.3 | 36.8 | 72.1 | 19.9 | 1.9 | 32.8 |
| Thomas Cook (India) Ltd. | 100.5 | 4727.8 | 21.6 | -1.7 | 0.6 | 8.6 | 2.8 | 8557.8 | 3.3 | 218.8 | -14 | 4.6 | -12.9 |
LGT Business Connextions annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
| Indicator | Graph | CAGR 3 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 |
|---|---|---|---|---|---|---|
30.6% | 136.4 | 100.8 | 89.5 | 61.2 | ||
Operating Exp. Ann. | 31.2% | 128.1 | 92.4 | 83.8 | 56.7 | |
Operating Profit Ann. | 19.8% | 7.4 | 8.1 | 5.5 | 4.3 | |
OPM Ann. % | -8.4% | 5.42% | 8.00% | 6.18% | 7.06% | |
31.5% | 130.1 | 93.8 | 84.6 | 57.2 | ||
EBITDA Ann. | 22.6% | 8.3 | 8.5 | 5.7 | 4.5 | |
EBITDA Ann. margin % | -6% | 6.12% | 8.38% | 6.37% | 7.36% | |
Interest Ann. | 58.7% | 1.2 | 1.1 | 0.5 | 0.3 | |
Depr. | 65.1% | 0.9 | 0.4 | 0.3 | 0.2 | |
PBT Ann. | 16.3% | 6.3 | 7 | 4.9 | 4 | |
Tax Ann. | 15.6% | 1.7 | 1.8 | 1.3 | 1.1 | |
15.3% | 4.6 | 5.2 | 3.6 | 3 | ||
Net Profit Ann. | 15.3% | 4.6 | 5.2 | 3.6 | 3 | |
NPM Ann. % | -11.5% | 3.38% | 5.19% | 4.06% | 4.87% | |
EPS Adj. latest Ann. | 15.3% | 4.9 | 5.6 | 3.9 | 3.2 |
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
| Name | Designation |
|---|---|
| Wilfred Selvaraj | Managing Director |
| Padma Wilfred | Whole Time Director |
| Ramesh Raja | Whole Time Director |
| Deepti Mantri | Whole Time Director |
| Tijo Mathew Kurisummoottil | Whole Time Director |
| Sivaji Gollapelli | Whole Time Director |
| Singaravelou | Non-Executive Director |
| Manoharan V | Independent Director |
| Velayutham Anburaj | Independent Director |
| Susanta Kumar Dehury | Independent Director |
| Chinchalapu Ujjwal Kumar | Independent 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
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
Strong client relationships
The company has built lasting ties with major customers, ensuring repeat business and supporting its growth through customer loyalty
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
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
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
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.
