LGT Business Connextions
IPO Timeline
Issue open date
19 Aug 2025Issue close date
21 Aug 2025UPI mandate deadline
21 Aug 2025Allotment finalization
22 Aug 2025Refund initiation
25 Aug 2025Share credit
25 Aug 2025Listing date
26 Aug 2025Mandate end date
5 Sep 2025Lock-in end date for anchor investors (50%)
21 Sep 2025Lock-in end date for anchor investors (remaining)
20 Nov 2025Key Dates
Quick Stats
Issue Details
Reservation
Additional Resources
About the Company
LGT Business Connextions, incorporated in 2016, is a travel and tourism service aggregator founded by Wilfred Selvaraj, Padma Wilfred, Aruldas Arulandu, and Singaravelou. The company operates as an intermediary connecting customers with hotels, airlines, car rentals, and cruise services through direct partnerships and third-party aggregators. LGT offers comprehensive travel solutions including MICE services, accommodation bookings, ticketing, visa processing, and customized tour packages for both corporate clients and individuals. The company maintains IATA accreditation for domestic and international ticketing services and operates leased accommodations in Chennai and Thiruvananthapuram. Their business model focuses on earning commissions through service aggregation across the travel industry’s various segments.
Strengths
- Organisational stability along with management expertise
- Diverse services are offered.
- Scalable business model
- Smooth flow of operations
Risks
- Nearly 100% of revenue depends on just two services – MICE packages and hotel bookings.
- Sales are concentrated in Southern India, creating regional dependency.
- Significant revenue comes from top 10 customers with limited contractual agreements beyond accommodation services.
- Operations rely heavily on external vendors and travel suppliers without long-term contracts.
- All business premises are rented rather than owned, creating potential operational disruption.
- High working capital requirements and previous negative cash flows may strain operations.
LGT Business Connextions IPO – Frequently Asked Questions
- The price band for the LGT Business Connextions IPO is set at ₹107 to ₹107 per share.
- The LGT Business Connextions IPO opens on August 19, 2025 and closes on August 21, 2025.
- The tentative listing date for the LGT Business Connextions IPO is August 26, 2025.
- You can apply for the LGT Business Connextions IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose LGT Business Connextions, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the LGT Business Connextions IPO is 1200 shares. Investors must apply for at least one lot (i.e., 1200 shares).