LGT Business Connextions IPO – Full Details, Dates, Lot Size, Review & Should You Apply?
LGT Business Connextions IPO is live now, and it's worth checking out if you're into SME space. The company offers travel & tourism services, and here’s everything you need to know—in clear, straightforward language.
Table of Contents
- IPO Overview
- About the Company
- Financial Snapshot
- IPO Objectives (Use of Funds)
- Grey Market Premium (GMP)
- Subscription Status
- Allotment & Listing Dates
- Positives & Risks
- FAQs – LGT Business IPO
IPO Overview
| Issue Size | ₹28.09 Crore |
|---|---|
| Price (Fixed) | ₹107 per share |
| Lot Size | 1,200 shares (≥ 2 lots for retail) |
| Min Retail Investment | ₹2,56,800 |
| IPO Opening Date | 19 August 2025 |
| IPO Closing Date | 21 August 2025 |
| Listing Target Date | 26 August 2025 |
| Registrar | Skyline Financial Services Pvt Ltd |
About the Company
LGT Business Connextions Ltd operates in the travel & tourism space, offering services like MICE packages, hotel and flight bookings, visa support, and cruise and corporate event planning. They act as a service aggregator with a focus on corporate and individual travel needs. The company is based in Chennai and expanding its services across India.
Financial Snapshot (FY2025 vs FY2024)
- Revenue: ₹100.81 Cr (FY2025) vs ₹89.53 Cr (FY2024)
- Profit (PAT): ₹5.22 Cr vs ₹3.63 Cr
- EBITDA: ₹7.65 Cr (up from ₹5.27 Cr)
- ROE: ~42%; ROCE: ~45%; Debt/Equity:
IPO Objectives (Use of Funds)
- Capital expenditure (vehicles, tech, infrastructure)
- Working capital needs
- General corporate purposes
Grey Market Premium (GMP)
The IPO is fixed-price, so GMP data is thin or not available. Typically, SME IPOs like this might not show much of a grey market premium. It's best to check GMP via Telegram or IPO-specific platforms as the issue progresses.
Subscription Status
As of Day 2, the issue is booked to about 34% subscription—still early.
Allotment & Listing Dates
- Basis of Allotment: 22 August 2025
- Refund Initiation & Demat Credit: 25 August 2025
- Listing Date: 26 August 2025 (on BSE SME platform)
Positives & Risks
- Positives: Strong growth in revenue & profit, decent margins, low debt load, presence in growing travel sector (MICE services).
- Risks: High minimum investment (₹2.56 lakh), concentrated services, regional dependency (mainly Southern India), reliance on third-party vendors.
FAQs – LGT Business Connextions IPO
- Price per share? ₹107.
- When can you apply? 19 to 21 August 2025.
- Lot size? 1,200 shares (min 2 lots, ₹2.56 lakh).
- What’s the subscriber status? ~34% as of Day 2.
- Listing date? 26 August 2025 on BSE SME.
- Use of funds? Capex, working capital, corporate purposes.
- Strengths? Growing revenue and profit, low gearing.
- Risks? SME market, high investment required, operational dependencies.
Disclaimer:
This content is for informational purposes only. Please conduct your own research or consult a financial advisor before investing. IPO investments involve risks.
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