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LGT Business Connextions IPO
Price Band
₹
Issue Size
₹28.09 Cr
Lot Size
1,200 shares
Min Investment
₹256,800
2 LOTS MIN
GMP
—
Issue Price
₹107.0
LGT Business Connextions IPO AI Summary
- LGT Business Connextions IPO is listed on BSE SME in the Tour, Travel Related Services sector.
- Subscription window: 19 Aug–21 Aug 2025, listing on 26 Aug 2025.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
LGT Business Connextions IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 21 Aug 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
LGT Business Connextions IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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: Mice: The company’s MICE division offers end-to-end solutions for corporate events, including meetings, incentives, conferences, exhibitions, and ancillary services like travel, accommodations, logistics, and post-event reporting, ensuring customer satisfaction. Accommodation: The company provides accommodation services through third-party hotel providers, with leased flats in Chennai and Thiruvananthapuram. It connects with local and international hotels or booking aggregators for the best options. Ticketing & Visa: The company provides domestic and international ticketing services through IATA accreditation, earning commissions. It also offers visa services for tourist, business, and conference visas, primarily as part of bundled travel packages. Competitive Strength: Organizational stability along with management expertise. Service Offering Skilled & Quality Staff Scalable Business Model Smooth flow of operations
Company Financials (₹ Cr)
As of 2025-03-31
| 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 |
Key Ratios
EPS
₹7.44
NAV
₹17.76
ROE
41.89%
ROCE
45.19%
RoNW
41.89%
P/B Value
6.02
P/E Ratio
14.38
Market Cap
₹100.29 Cr
PAT Margin
5.19%
Debt/Equity
0.77
Peer Comparison
| Company | NAV | RoNW | P/E (x) |
|---|---|---|---|
| International Travel House Ltd. | 206.85 | 16.42% | 14.15 |
| LGT Business Connextions Limited This IPO | 17.76 | 41.89% | 14.38 |
Promoters
Wilfred Selvaraj and Padma Wilfred
Objects of the Issue
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 Purposes 3.79 4 Issue Expenses 3.36 Total 25.28
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income increased from ₹61.18 Cr in 31 Mar 2023 to ₹89.53 Cr by 31 Mar 2024, and further rose to ₹100.81 Cr by 31 Mar 2025. This shows a consistent upward trend in revenue over the periods.
Profit Trend
Profit After Tax grew from ₹2.97 Cr in 31 Mar 2023 to ₹3.63 Cr in 31 Mar 2024, and reached ₹5.22 Cr by 31 Mar 2025. This indicates a positive trend in profitability across the observed periods.
Valuation
Priced at a P/E ratio of 14.38 at the issue price, compared to peers trading at a P/E range of 14.15. This implies that LGT Business Connextions is priced at roughly 1x trailing earnings versus peers.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the potential price at which the shares might list compared to the issue price. A higher GMP suggests strong demand, while a lower or negative GMP indicates weaker interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's essential to consider the company's fundamentals and market conditions before making decisions.
Who May Want to Wait
Conservative investors or those with a low-risk appetite may want to avoid IPOs like this, especially if they are uncomfortable with the inherent uncertainties and fluctuations associated with new listings.
IPO Timeline, Explained
The IPO opens for subscription on 19 August 2025 and closes on 21 August 2025. Allotment of shares will be done on 22 August 2025, with the listing date set for 26 August 2025.
Listing Gains — The Risk
Listing-day gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the stock. Investors should be aware that the price on listing day may not reflect the company's long-term value.
This evaluation is generated from LGT Business Connextions's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does LGT Business Connextions IPO open and close?
LGT Business Connextions IPO opens on 19 August 2025 and closes on 21 August 2025.
When does LGT Business Connextions IPO list on the stock exchange?
LGT Business Connextions IPO listed on 26 August 2025 at ₹107.0.
What is the lot size for LGT Business Connextions IPO?
The lot size for LGT Business Connextions IPO is 1200 shares, requiring a minimum investment of ₹256,800 (2 lots).
What is the issue price of LGT Business Connextions Limited?
The issue price is ₹107.0.
What is the minimum investment required?
The minimum investment required is ₹256,800.
What is the lot size for this IPO?
The lot size is 1200 shares.
When does the IPO open and close?
The IPO opens on 19 August 2025 and closes on 21 August 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price at which the shares may list compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
19 Aug 2025
Close
21 Aug 2025
Allotment
22 Aug 2025
Listing
26 Aug 2025
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