Fixed Price IPO | ₹28 Cr | Listed at BSE SME | Tue, Aug 19, 2025 - Thu, Aug 21, 2025
LGT Business Connextions IPO is a fixed price issue of ₹28.09 crores. The issue is a combination of fresh issue of 0.24 crore shares aggregating to ₹25.28 crores and offer for sale of 0.03 crore shares aggregating to ₹2.81 crores.
LGT Business Connextions IPO bidding started from Aug 19, 2025 and ended on Aug 21, 2025. The allotment for LGT Business Connextions IPO was finalized on Aug 22, 2025. The shares got listed on BSE SME on Aug 26, 2025.
LGT Business Connextions IPO price is ₹107 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,56,800 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,85,200.
Mark Corporate Advisors Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Asnani Stock Broker Pvt.Ltd..
Refer to LGT Business Connextions IPO DRHP for detailed Information.
IPO Open
Tue, Aug 19, 2025
IPO Close
Thu, Aug 21, 2025
Issue Price
₹107 per share
Market Cap (Pre-IPO)
₹100.29 Cr
| IPO Date | 19 to 21 Aug, 2025 |
| Listed on | Tue, Aug 26, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹107 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 26,25,600 shares (agg. up to ₹28 Cr) |
| Reserved for Market Maker | 1,32,000 shares Asnani Stock Broker Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 22,30,800 shares (agg. up to ₹24 Cr) |
| Offer for Sale | 2,62,800 shares of ₹10 (agg. up to ₹3 Cr) |
| Net Offered to Public | 24,93,600 shares (agg. up to ₹27 Cr) |
| Share Holding Pre Issue | 70,10,000 shares |
| Share Holding Post Issue | 93,72,800 shares |
| BSE Script Code | 544489 |
| ISIN | INE191201016 |
LGT Business Connextions IPO comprises a total issue size of 26,25,600 shares. The net offer to the public is 24,93,600 shares, after excluding 1,32,000 shares allotted on a firm basis. Of the Net offer 12,46,800 (50.00%) allocated to NII 12,46,800 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,46,800 | 50.00% | 47.49% |
| Retail Shares Offered | 12,46,800 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,32,000 | 5.03% | |
| Total Shares Offered | 26,25,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,56,800 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,56,800 |
| HNI (Min) | 3 | 3,600 | ₹3,85,200 |
Incorporated in 2016, LGT Business Connextions Limited is engaged as a service aggregator in the travel and tourism industry.
The travel and tours brand of LGT Business Connextions Ltd offers extensive services across the tourism industry.
The company acts as a service aggregator in the travel industry, connecting customers with hotels, airlines, car rentals, cruises, and other services directly or through third-party aggregators.
The company offers a wide range of travel services, including MICE travel, cruise and hotel bookings, in-transit arrangements, local sightseeing, customised travel plans, and arrangements for trade fairs and tours.
The company offers consolidated tour packages, hotel accommodation, ticketing, visa processing, and customized travel plans for both corporate groups and individuals, including MICE services for business meetings, conferences, and events.
Business Model:
Competitive Strength:
LGT Business Connextions Ltd.'s revenue increased by 13% and profit after tax (PAT) rose by 44% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 27.18 | 14.93 | 8.69 |
| Total Income | 100.81 | 89.53 | 61.18 |
| Profit After Tax | 5.22 | 3.63 | 2.97 |
| EBITDA | 7.65 | 5.27 | 4.04 |
| NET Worth | 12.45 | 7.23 | 3.60 |
| Reserves and Surplus | 5.44 | 7.22 | 3.59 |
| Total Borrowing | 9.58 | 2.82 | 2.50 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure | 10.44 |
| 2 | Working Capital Requirement | 7.70 |
| 3 | General Corporate Purpose | 3.79 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 41.89% |
| ROCE | 45.19% |
| Debt/Equity | 0.77 |
| RoNW | 41.89% |
| PAT Margin | 5.19% |
| EBITDA Margin | 7.62% |
| Price to Book Value | 6.02 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.44 | 5.56 |
| P/E (x) | 14.38 | 19.23 |
| Promoter Holding | 99.95% | 71.95% |
| Market Cap | ₹100.29 Cr. |
The LGT Business Connextions IPO is subscribed 1.25 times on August 21, 2025 5:04:45 PM (Day 3). The public issue subscribed 1.75 times in the individual investors category, [.] times in the QIB category, and 0.75 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 0.75 | 12,46,800 | 9,37,200 | 0 |
| Individual Investors | 1.75 | 12,46,800 | 21,86,400 | 0 |
| Total | 1.25 | 24,93,600 | 31,23,600 | 1,054 |
Total Application : 1,054
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Lead Manager | 0.55 |
| 2 | Underwriter Fees | 0.60 |
| 3 | Market Making Fees | 0.03 |
| 4 | Brokerage, selling commission and upload fees | 0.01 |
| 5 | Fees payable to Registrar to Offer | 0.02 |
| 6 | Fees payable to Legal Advisor | 0.02 |
| 7 | Advertisement Expenses | 0.03 |
| 8 | Printing, advertising and marketing expenses | 1.50 |
| 9 | Payment to Sponsor Bank | 0.02 |
| 10 | Regulators including stock exchanges | 0.05 |
| 11 | Others, if any (Peer Review Auditors, and other misc. expenses) | 0.53 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹107.00 |
| Open | ₹85.60 |
| Low | ₹81.35 |
| High | ₹85.60 |
| Last Trade | ₹81.35 |
Lead Manager Reports
LGT Business Connextions IPO is a SME IPO of 26,25,600 equity shares of the face value of ₹10 aggregating up to ₹28 Crores. The issue is priced at ₹107 per share. The minimum order quantity is 1200.
The IPO opens on Tue, Aug 19, 2025, and closes on Thu, Aug 21, 2025.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in LGT Business Connextions IPO using UPI as a payment gateway. Zerodha customers can apply in LGT Business Connextions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in LGT Business Connextions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The LGT Business Connextions IPO opens on Tue, Aug 19, 2025 and closes on Thu, Aug 21, 2025.
LGT Business Connextions IPO lot size is 1200, and the minimum amount required for application is ₹2,56,800, with 2 lots being the minimum application size.
You can apply in LGT Business Connextions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for LGT Business Connextions IPO will be done on Friday, August 22, 2025, and the allotted shares will be credited to your demat account by Mon, Aug 25, 2025. Check the LGT Business Connextions IPO allotment status.
The LGT Business Connextions IPO listing date is on Tue, Aug 26, 2025.
