LGT Business Connextions IPO
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Schedule of LGT Business Connextions
| Issue open date | 19 Aug 2025 |
| Issue close date | 21 Aug 2025 |
| UPI mandate deadline | 21 Aug 2025 (5 PM) |
| Allotment finalization | 22 Aug 2025 |
| Refund initiation | 25 Aug 2025 |
| Share credit | 25 Aug 2025 |
| Listing date | 26 Aug 2025 |
| Mandate end date | 05 Sep 2025 |
| Lock-in end date for anchor investors (50%) | 21 Sep 2025 |
| Lock-in end date for anchor investors (remaining) | 20 Nov 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About LGT Business Connextions
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.
Financials of LGT Business Connextions
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹28.09 crores |
| Fresh Issue | ₹23.87 crores |
| Offer for sale | ₹2.81 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 10.44 (43.74%) |
| Working capital requirements | 7.70 (32.26%) |
| General corporate purposes | 3.79 (15.88%) |
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.
Allotment Status for LGT Business Connextions
To check your allotment status – click here.