LGT Business Connextions IPO is Open now

Mumbai, 19 August 2025: LGT Business Connextions Limited has opened its fixed-price initial public offering (IPO) of ₹28.09 crore today, combining a fresh issue of 0.24 crore shares worth ₹25.28 crore and an offer for sale of 0.03 crore shares worth ₹2.81 crore. The IPO is available at ₹107 per share and will list on BSE SME with a tentative listing date of 26 August 2025. The allotment is expected on 22 August 2025.

Subscription Details: Minimum Investment Starts at ₹2,56,800 for Retail Investors

Investors can apply for a minimum of 2,400 shares and in multiples of 1,200 shares. Retail investors’ minimum investment stands at ₹2,56,800, while high net-worth individuals (HNIs) must apply for at least 3 lots (3,600 shares) amounting to ₹3,85,200. The IPO is being managed by Mark Corporate Advisors Pvt. Ltd., with Skyline Financial Services Pvt. Ltd. as registrar and Asnani Stock Broker Pvt. Ltd. as the market maker.

Company Financials Highlight 13% Revenue Growth and 44% PAT Jump in FY2024-25

LGT Business Connextions reported total income of ₹100.81 crore for FY2024-25, up 13% YoY from ₹89.53 crore, while profit after tax (PAT) surged 44% YoY to ₹5.22 crore. EBITDA rose to ₹7.65 crore from ₹5.27 crore, reflecting improved operational efficiency. Total assets expanded to ₹27.18 crore, and net worth strengthened to ₹12.45 crore, indicating a robust financial position and scalable business model.

Key Performance Metrics Reflect Strong Returns and Healthy Margins

The company’s return on equity (ROE) stands at 41.89% and return on capital employed (ROCE) at 45.19%, with a debt-to-equity ratio of 0.77. PAT margin and EBITDA margin are 5.19% and 7.62%, respectively, demonstrating efficient operations and profitability ahead of IPO. The market capitalization of the IPO is estimated at ₹100.29 crore.

About LGT Business Connextions: Service Aggregator in Travel and Tourism Sector

Incorporated in 2016, Mumbai-headquartered LGT Business Connextions Ltd. operates as a service aggregator in travel and tourism, offering MICE (Meetings, Incentives, Conferences, and Exhibitions) services, hotel bookings, cruise arrangements, visa processing, and customised travel solutions for corporate and individual clients. The company connects customers with hotels, airlines, car rentals, and other service providers, strengthening its foothold in India’s growing travel industry.

IPO Objectives: Expansion and Operational Funding

The company plans to deploy the net proceeds for capital expenditure (₹10.44 crore), working capital requirements (₹7.70 crore), and general corporate purposes (₹3.79 crore), aiming to scale operations and enhance service offerings.

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