LGT Business Connextions Tanks 24% on BSE SME Debut, Hits Lower Circuit at ₹81.35

Mumbai, August 26, 2025: The shares of LGT Business Connextions Ltd IPO made a pretty weak debut (Tuesday, 26th August) on the BSE SME platform. The shares listed at ₹85.60 (per share) at a sharp discount to their issue price of ₹107. The stock plummeted further and reached the lower circuit (₹81.35). Overall, the stock was down by 24% from the listing price.

The share also closed at the same price (₹81.35) on Tuesday. The volume remained under 3 lakh shares for the entire day.

Listing Day Price Performance

The stock was listed at ₹85.60 but quickly fell to its lower circuit of ₹81.35, marking a 23.9% drop from its issue price. At 10:10 AM, it was last traded at ₹81.35 with a turnover of ₹1.98 crore and a full market cap of ₹76.25 crore. The VWAP stood at ₹84.34, well below the IPO price, as sellers dominated trade.

IPO Subscription Overview

The ₹28 crore IPO of LGT Business Connextions was subscribed 1.24 times overall, led mainly by retail investors (175% subscribed), while non-institutional investor demand stood at 84%. No bids were received from QIBs.

Incorporated in 2016, LGT Business Connextions is a travel and tourism service aggregator offering MICE services, hotel bookings, ticketing, visa processing, and customized tour packages. The company maintains IATA accreditation and operates leased accommodations in Chennai and Thiruvananthapuram, with a commission-based revenue model through service aggregation.

REF: https://www.bseindia.com/stock-share-price/lgt-business-connextions-ltd/lgt/544489/

Disclaimer:  At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations