LGT Business Connextions Ltd. IPO: A Deep Dive into India’s Growing Travel Solutions Aggregator

Company Overview

LGT Business Connextions Ltd., founded in 2016 and headquartered in Chennai, is a comprehensive travel solutions provider operating as a service aggregator. The company specializes in:

• MICE (Meetings, Incentives, Conferences, Exhibitions)
• Domestic & international ticketing services
• Visa facilitation & cruise packages
• Hotel bookings & sightseeing tours
• Customized holiday packages in collaboration with airlines, hotels, and third-party aggregators

The company also leases flats in Chennai and Thiruvananthapuram for accommodation services. With IATA accreditation, it holds a recognized position in the travel industry and caters to both corporate and individual clients.

---

IPO Snapshot

• Issue Type: Fixed Price SME IPO (BSE SME platform)
• Issue Size: ~₹28.09 crore
  • Fresh Issue: ₹25.28 crore
  • Offer for Sale: ₹2.81 crore
• Price Band: Fixed at ₹107 per share (Face Value ₹10)
• Total Shares Offered: ~26.26 lakh equity shares
• Lot Size: 1,200 shares
  • Retail Minimum: 2 lots (2,400 shares = ₹2,56,800)
  • HNI Minimum: 3 lots (3,600 shares = ₹3,85,200)

📅 Key Dates

• IPO Opens: 19 August 2025
• IPO Closes: 21 August 2025
• Basis of Allotment: 22 August 2025
• Refunds & Demat Credit: 25 August 2025
• Listing: 26 August 2025

---

Financial Performance

Metric	FY24	FY25	Growth
Revenue	₹89.5 crore	₹100.8 crore	+13%
PAT (Net Profit)	₹3.6 crore	₹5.22 crore	+44%
EBITDA	₹5.27 crore	₹7.65 crore	+45%
Net Worth	₹7.23 crore	₹12.45 crore	+72%
Total Assets	₹14.93 crore	₹27.18 crore	+82%
Borrowings	₹2.82 crore	₹9.58 crore	+240%

Ratios & Margins (FY25)

• ROE: ~41.9%
• ROCE: ~45.2%
• EBITDA Margin: ~7.62%
• PAT Margin: ~5.19%
• Debt-to-Equity: ~0.77

💡 The company shows strong profit growth, improved margins, and efficient capital utilization, though borrowings have risen significantly.

---

Use of IPO Proceeds

Funds raised will be allocated to:

• Capital Expenditure (expanding service offerings & infrastructure)
• Working Capital Requirements
• General Corporate Purposes

---

Promoters & Management

• Wilfred Selvaraj (Promoter)
• Padma Wilfred (Promoter)

Lead Manager: Mark Corporate Advisors Pvt. Ltd.
Registrar: Skyline Financial Services Pvt. Ltd.

---

Market Sentiment & Risks

• Grey Market Premium (GMP): ₹0, reflecting neutral listing expectations.
• Strengths:
  • Diversified portfolio in travel & tourism
  • Strong growth in revenue & profitability
  • Established B2B & B2C customer base
  • IATA accreditation & reputed travel partnerships
• Risks:
  • High competition in travel sector
  • Dependency on third-party service providers
  • Seasonal & cyclical demand
  • Rising debt levels

---

What Traders Need to Know

• For Investors: The IPO shows solid fundamentals with consistent growth and healthy margins, making it attractive for long-term investors in the SME space.
• For Traders: Neutral GMP suggests limited short-term listing gains, but medium-to-long-term prospects remain positive if the company sustains growth.

---

📌 Final Take

LGT Business Connextions Ltd. brings a scalable travel aggregator model with strong financials and sector growth opportunities. However, competition and cyclicality in travel demand could impact performance. Long-term investors with higher risk appetite may consider applying, while cautious traders may wait for listing performance.

Subscription

Investor	19 Aug 2025	20 Aug 2025	21 Aug 2025
Anchor	0	0
QIB	0	0
Non-Institutional	0.23	0.35
BNII	0
SNII	0
Retail	0.18	0.33
Total	0.21	0.34

---

How to Check IPO Allotment Status:

---

📌 Stock Market Disclaimer

• Disclaimer: This post is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy/sell any stock or share. Investing in the stock market involves risk. Past performance is not indicative of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.
• The information provided on this platform is for educational and informational purposes only. It should not be considered as investment advice, stock recommendations, or financial guidance.
• ⚠️ Stock Market Investments
• Investing in equities, derivatives, mutual funds, and other financial instruments involves market risks, volatility, and the possibility of capital loss.
• Past performance of stocks or indices is not indicative of future returns.
• Always conduct your own research or consult a SEBI-registered financial advisor before making investment decisions.
• ⚠️ IPO (Initial Public Offerings)
• IPO details, issue size, subscription data, and allotment status shared here are based on publicly available information from company filings, stock exchanges, and merchant bankers.
• Investing in IPOs carries risks including listing volatility, business uncertainties, and sector performance dependency.
• Neither acceptance of applications nor allotment guarantees profits. Investors should evaluate their risk appetite before subscribing.
• ⚠️ GMP (Grey Market Premium)
• Grey Market Premium (GMP) is an unofficial and unregulated indicator of expected IPO listing price.
• GMP data is collected from market observers and informal trading circles; it does not have any legal or SEBI recognition.
• GMP values are highly speculative and may differ significantly from actual listing prices. Investors should not rely solely on GMP while taking investment decisions.
• ✅ General Advisory
• We do not provide any buy/sell/hold recommendations.
• Readers and investors are solely responsible for their investment actions and decisions.
• This platform, its authors, and affiliates are not liable for any direct or indirect financial loss arising from the use of this information.
• 🔒 Always invest responsibly and diversify your portfolio.