LGT Business Connextions IPO

About LGT Business Connextions IPO

LGT Business Connextions IPO is a fixed price issue worth ₹28.09 crore. The IPO consists of a fresh issue of 0.24 crore shares aggregating to ₹25.28 crore and an offer for sale of 0.03 crore shares aggregating to ₹2.81 crore. The IPO opens for subscription on August 19, 2025, and closes on August 21, 2025. The allotment is expected to be finalised on August 22, 2025, with tentative listing on BSE SME scheduled for August 26, 2025.

The IPO is priced at ₹107 per share. Retail investors must apply for a minimum of 2 lots comprising 2,400 shares, requiring an investment of ₹2,56,800. HNI investors must apply for a minimum of 3 lots (3,600 shares), amounting to ₹3,85,200.

Mark Corporate Advisors Private Limited is the book-running lead manager to the issue, and Skyline Financial Services Private Limited is the registrar. Asnani Stock Broker Private Limited is the market maker for the IPO.

For detailed information on company financials, business operations, and associated risks, investors are advised to refer to the LGT Business Connextions IPO DRHP.

Industry Outlook

1. India’s travel and tourism sector is undergoing a significant transformation, driven by rising disposable incomes, evolving consumer preferences, and robust government support. The industry is increasingly recognised as a key contributor to economic growth, employment generation, and cultural exchange.
2. According to the World Economic Forum’s Travel & Tourism Development Index (TTDI) 2024, India ranks 39th globally, with notable improvements in prioritisation of tourism, safety and security, and health and hygiene standards. These advancements reflect the government’s commitment to positioning India as a premier global destination.
3. In 2023, India welcomed 9.24 million foreign tourist arrivals (FTAs), marking a 43.5% increase over 2022. This surge contributed to provisional foreign exchange earnings of ₹2.3 lakh crores, a 65% rise from the previous year. Such growth underscores the sector’s resilience and its potential to drive long-term development.
4. The competitive landscape is diverse, comprising traditional tour operators, emerging online travel platforms, and specialised service aggregators. Companies like LGT Business Connextions Limited are capitalising on this momentum by offering tailored MICE (Meetings, Incentives, Conferences, and Exhibitions) packages, cruise bookings, and bespoke travel solutions. Their ability to integrate third-party services—hotels, airlines, and local experiences—into seamless travel offerings is becoming a key differentiator.

LGT Business Connextions IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

1. Expand operational infrastructure by investing in capital expenditure, including the acquisition of vehicles, office equipment, and technology systems to enhance service delivery across its travel and tourism segments. This will support the company’s growing portfolio of MICE (Meetings, Incentives, Conferences, and Exhibitions) packages, hotel bookings, and customised travel solutions.
2. Strengthen working capital reserves to ensure uninterrupted service execution, timely payments to third-party travel suppliers, and improved liquidity management. This will enable the company to maintain competitive pricing and service reliability across its domestic and international offerings.
3. Support general corporate purposes, including brand development, administrative overheads, and strategic initiatives aimed at expanding market presence, improving customer experience, and reinforcing long-term sustainability.
4. Enhance corporate visibility and governance standards through public listing on the BSE SME platform, thereby fostering investor confidence, improving access to capital markets, and facilitating future growth opportunities through strategic partnerships and collaborations.

About LGT Business Connextions Limited

LGT Business Connextions Limited was originally incorporated as LGT Business Connextions Private Limited on August 31, 2016, under the Companies Act, 2013. Pursuant to a shareholders’ resolution passed on September 27, 2024, the company was converted into a public limited entity and received its new certificate of incorporation on November 28, 2024.

The company operates as a service aggregator within the travel and tourism industry, offering a comprehensive suite of services including MICE (Meetings, Incentives, Conferences, and Exhibitions) travel, cruise bookings, hotel accommodation, visa processing, and bespoke travel packages. Its offerings cater to both corporate and individual clients, with a particular emphasis on tailored experiences and logistical precision.

Headquartered in Chennai, Tamil Nadu, LGT Business Connextions Limited has developed a robust operational model that integrates third-party services from hotels, airlines, car rental firms, and other travel suppliers. The company’s innovative gifting solutions—such as “Let’s Reward” and “Gift a Tour”—further enhance its appeal among corporate clients seeking meaningful employee and partner engagement.

The company’s operations are primarily concentrated in southern India, with significant revenue contributions from states such as Telangana, Tamil Nadu, and Kerala. Its growth strategy is anchored in expanding service capabilities, strengthening supplier relationships, and leveraging digital platforms to deliver seamless travel experiences.

How To Check the Allotment Status of the LGT Business Connextions IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for LGT Business Connextions IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the LGT Business Connextions IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of LGT Business Connextions IPO

Registered Office: New No. 38, Old No. 44, First Floor, Brindavan Street Extension, West Mambalam, Chennai – 600033, Tamil Nadu, India.

Phone: +91 99400 67846
E-mail:info@lgtholidays.com