The public issue comprises a fresh issue of 23,62,800 equity shares worth ₹25.28 crore and an offer for sale (OFS) of 2,62,800 shares valued at ₹2.81 crore, aggregating to a total issue size of 26,25,600 shares amounting to ₹28.09 crore. The IPO is priced at ₹107 per share, with a face value of ₹10. The minimum bid size has been fixed at 2,400 shares, and the lot size at 1,200 shares.
Founded in 2016, LGT Business Connextions has emerged as one of India’s leading providers of travel, tour, and holiday solutions, catering to a diverse customer base through its strong service network. The company owns three properties and operates 15 more on lease, with its corporate headquarters in Chennai and operational offices strategically located across Cochin, Bengaluru, Hyderabad, Vijayawada, Mumbai, and Noida.
In terms of financial performance, the company has demonstrated consistent growth over the years. For the financial year ending 2024, LGT reported revenues of ₹88.93 crore and a net profit of ₹3.63 crore, which grew to ₹100.42 crore in revenues and ₹5.21 crore in net profit in FY25. This upward trajectory reflects the company’s ability to expand its reach and maintain profitability despite an increasingly competitive market.
The funds raised through the IPO are earmarked for capital expansion, service diversification, technology upgrades, and strengthening the company’s marketing network, all aimed at enhancing its footprint and competitiveness in the Indian travel and hospitality industry.
The company’s growth has been driven by its experienced leadership. Mr. Wilfred Selvaraj, 53, the Managing Director, holds a degree in Arts from Bharathidasan University and boasts over three decades of experience in senior roles across national and multinational travel and hospitality organisations. He joined LGT in 2020 and has been instrumental in steering its expansion and operational excellence.
agent, she has played a pivotal role in adopting new technologies and enhancing service quality within the company.
As the travel and hospitality sector in India continues to recover and expand post-pandemic, LGT Business Connextions’ IPO is seen as a strategic step to bolster its resources, expand its presence, and solidify its position as a trusted travel solutions provider nationwide.
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