LGT Business Connextions came to market through an SME IPO that opened on 19 August 2025 and closed on 21 August 2025, and the shares listed on 26 August 2025 on BSE SME. The price band was ₹107 per share and one lot was 1200 shares, so the minimum application was ₹1,28,400. The issue size was ₹28.09 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders. Skyline Financial Services Pvt.
Ltd was the registrar to the issue, and Mark Corporate Advisors Pvt. Ltd was the lead manager.
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Incorporated in 2016, LGT Business Connextions Limited is operating as a service aggregator in the travel and tourism sector.The travel and tours brand of LGT Business Connextions Ltd provides comprehensive services in the tourism sector.The firm is operating as a service aggregator in the travel segment that establishes connections between customers and hotels, airlines, car rentals, cruises, and other services directly or indirectly through third-party aggregators.
The company provides a variety of travel services such as MICE travel, cruise and hotel reservations, in-transit bookings, local sightseeing tours, customized travel itineraries, and trade fair and tour arrangements.The company provides consolidated tour packages, hotel stays, ticketing, visa arrangement, and customized travel itineraries for corporate groups and individuals, including MICE services for business conferences, meetings, and events. Business Model: Mice:
The MICE division of the company provides corporate event end-to-end solutions like meetings, incentives, conferences, exhibitions, and ancillary services such as travel, accommodation, logistics, and post-event reporting with customer satisfaction. Accommodation: The company offers accommodation services through third-party hotel providers, with Chennai and Thiruvananthapuram leased flats. It aligns with local and international hotels or booking aggregators for the best available. Ticketing & Visa:
Domestic and international ticketing services are provided by the company through IATA accreditation and it earns commissions on this. Visa services for tourist, business, and conference visas are offered by the company, mostly as an ancillary to travel packages. As of December 31, 2024, the company has 79 employees including Senior Management, Middle level and employees.
As described in the offer document.
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Wilfred Selvaraj, Padma Wilfred. Promoter holding 99.95% before the issue and 71.95% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
LGT Business Connextions IPO was a ₹28.09 crore fixed-price issue, comprising a fresh issue of ₹23.87 crore and an offer for sale of ₹2.81 crore. It was priced at ₹107 per share with a lot size of 1,200 shares; the minimum retail application was 2,400 shares (₹2,56,800). The IPO was open from August 19 to August 21, 2025. Shares listed on BSE SME on August 26, 2025 at ₹85.60, a 20.0% discount to the issue price of ₹107.
Skyline Financial Services Pvt. Ltd is the registrar. Mark Corporate Advisors Pvt. Ltd is the book running lead manager.
The issue price of LGT Business Connextions IPO is ₹107 per share (fixed price).
The lot size of LGT Business Connextions IPO is 1200 shares.
The minimum investment for LGT Business Connextions IPO is approximately ₹2,56,800 based on the issue price.
The allotment date of LGT Business Connextions IPO is Aug 22, 2025.
You can check LGT Business Connextions IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the LGT Business Connextions IPO allotment status on Rupix for quick and easy access.
₹107 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,28,400. After listing, SME shares also trade in lots rather than one share at a time.
₹1,28,400, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 19 August 2025 and closed on 21 August 2025.
The basis of allotment was published on 22 August 2025 by Skyline Financial Services Pvt. Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 26 August 2025 on BSE SME.
The issue size was ₹28.09 crore. The fresh issue was 22,30,800 shares (aggregating up to ₹23.87 crore). The offer for sale was 2,62,800 shares (aggregating up to ₹2.81 crore).