LGT Business Connextions Ltd, a leading player in India’s travel and hospitality sector, has announced the launch of its Initial Public Offering (IPO), marking a significant milestone in the company’s growth trajectory. The IPO will open for public subscription from August 19 to August 21, 2025, with shares set to be listed on the BSE SME platform.
IPO Details
•Offer Structure:
•Fresh issue: 23,62,800 equity shares worth ₹25.28 crore
•Offer for sale (OFS): 2,62,800 shares worth ₹2.81 crore
•Total issue size: 26,25,600 equity shares amounting to ₹28.09 crore
•IPO Price: ₹107 per share (Face value: ₹10)
•Minimum Bid Size: 2,400 shares
•Lot Size: 1,200 shares
Company Profile
Founded in 2016, LGT Business Connextions has built a reputation as a premier provider of travel, tour, and holiday solutions. The company operates through a robust service network, owning three properties and managing an additional 15 on lease. With its headquarters in Chennai, LGT maintains a strong presence across major Indian cities including Cochin, Bengaluru, Hyderabad, Vijayawada, Mumbai, and Noida.
Financial Overview
Demonstrating steady growth, LGT reported a revenue of ₹88.93 crore and a net profit of ₹3.63 crore for the financial year ending 2024. In FY25, revenues climbed to ₹100.42 crore, with net profit rising to ₹5.21 crore. This consistent upward trajectory highlights the company’s success in expanding its market reach while sustaining profitability amid a competitive landscape.
Purpose of the IPO
Proceeds from the IPO will be allocated towards:
•Capital expansion
•Diversification of services
•Technological upgrades
•Strengthening marketing and distribution networks
These initiatives are aimed at enhancing the company’s footprint and competitiveness in the dynamic Indian travel and hospitality industry.
Leadership Team
Mr. Wilfred Selvaraj, Managing Director (53), is an Arts graduate from Bharathidasan University with over 30 years of leadership experience in national and multinational travel and hospitality organizations. Since joining LGT in 2020, he has played a key role in driving the company’s expansion and operational excellence.
Ms. Padma Wilfred, Director (50), holds a Bachelor’s degree in Science (Chemistry) and a postgraduate degree in Computer Applications. Her extensive experience in real estate, finance, and customer service, coupled with her credentials as a registered RERA agent, have been pivotal in technology adoption and quality enhancement within LGT.
Industry Outlook
As India’s travel and hospitality sector continues to recover and grow post-pandemic, LGT Business Connextions’ IPO is seen as a timely strategic move. The capital raised will bolster the company’s resources, support nationwide expansion, and strengthen its position as one of the country’s trusted travel solution providers.
