LGT Business Connextions SME: Check IPO Date, Live Subscription and Key Details
LGT Business Connextions Limited, incorporated in 2016, operates as a service aggregator in the travel and tourism industry. The company connects and aggregates supply from various third-party providers, including hotels, airlines, car rental services, cruise companies, and other travel service providers. It offers a comprehensive range of travel services and tourism packages to its customers, including MICE (Meetings, Incentives, Conferences, and Exhibitions) travel, cruise bookings, hotel and flight bookings, in-transit arrangements, local sightseeing, and other travel-related services.
Price Range
₹107.00
Issue Size
₹26.68 Cr
Lot Size
1,200 shares
IPO Type
BSE SME
GMP
-
Est. Listing Price
₹107
Estimate Profit
-
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
5.56
P/E Ratio
19.23
RoNW
41.89%
ROE
41.89%
Debt to Equity
0.77
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Timeline
IPO Opens
19 Aug
IPO Closes
21 Aug
Allotment
22 Aug
Listing
26 Aug
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 19 August 2025 | Subscription starts |
| IPO Close Date | 21 August 2025 | Subscription ends |
| Allotment Date | 22 August 2025 | Allotment |
| Listing Date | 26 August 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,56,800 |
SHNI (Min) | 3 | ₹3,85,200 |
SHNI (Max) | 7 | ₹8,98,800 |
BHNIAbove ₹10,00,000 | 8 | ₹10,27,200 |
IPO Objectives
- Capital Expenditure.
- Working Capital Requirement.
- General Corporate Purpose.
Strengths
- The company has a proven track record and an experienced management team, which brings stability and expertise to the travel and tourism industry.
- It offers a diverse range of services, including MICE travel, hotel and flight bookings, and customized tours, catering to a wide variety of customer needs.
- The business operates on a scalable model as a service aggregator, allowing it to expand efficiently without the need for large capital investments in physical assets.
- The company has strong relationships with corporate clients, who account for a significant portion of its revenue, providing a stable and reliable customer base.
- It has shown consistent financial growth, with revenue up by 13% and profit after tax (PAT) up by 44% between FY24 and FY25, along with high return ratios that reflect strong profitability.
Weaknesses
- The business has high revenue and customer concentration, with over 85% of its income from corporate clients, making it very vulnerable to changes in corporate travel spending.
- It operates in a highly competitive market, facing intense competition from established online travel agencies and other travel management companies.
- The company relies on third-party providers like airlines and hotels, which exposes it to risks related to service quality, pricing, and availability.
- The business is very vulnerable to external factors like global pandemics, geopolitical tensions, and economic downturns, all of which can severely impact the travel industry.
- The company is working capital intensive, with a significant portion of the IPO money being used to fund its daily operations, indicating an ongoing need for capital.
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Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 27.18 | 14.93 | 8.69 |
| Revenue (₹ Cr.) | 100.81 | 89.53 | 61.18 |
| PAT (₹ Cr.) | 5.22 | 3.63 | 2.97 |
| Net Worth (₹ Cr.) | 12.45 | 7.23 | 3.6 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| LGT Business Connextions | 6.02 | 19.23 | 41.89% | 12.45 |
| International Travel House Ltd. | 2.4 | 14.52 | 16.42% | 165 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| NII | 0.23x | 0.35x | 0.75x |
| RII | 0.18x | 0.33x | 1.75x |
| Total | 0.21x | 0.34x | 1.25x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| NII | 12,46,800 | 9,37,200 | 10.03 |
| RII | 12,46,800 | 21,86,400 | 23.39 |
| Total | 24,93,600 | 31,23,600 | 33.42 |
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Company Details
- LGT Business Connextions Ltd.
- New No. 38, Old No. 44, First Floor, Brindavan Street Extn, West Mambalam, Chennai, Tamil Nadu-600033
- +91 9940067846
- info@lgtholidays.com
- http://www.lgtholidays.com/
Registrar Details
- Skyline Financial Services Pvt.Ltd.
- 02228511022
- ipo@skylinerta.com
- https://www.skylinerta.com/ipo.php
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