LGT Business Connextions shares to list today. Check GMP ahead of debut

LGT Business Connextions Ltd. will make its market debut on Tuesday, August 26, on the BSE SME platform. In the grey market, the stock is currently quoting at no premium over its issue price of Rs 107 per share, suggesting a flat listing.

The Rs 28.09 crore IPO, which consisted of a fresh issue of Rs 25.28 crore and an offer for sale worth Rs 2.81 crore, closed for subscription on August 21. The allotment was finalized on August 22.

The IPO received a 1.25 times subscription, with retail investors leading demand at 1.75 times, while the NII category was subscribed 0.75 times. No bids were recorded in the QIB portion.


The IPO proceeds will be used for capital expenditure (Rs 10.44 crore), working capital needs (Rs 7.7 crore), and general corporate purposes.

Incorporated in 2016, LGT Business Connextions operates as a service aggregator in the travel and tourism sector, connecting customers with hotels, airlines, cruises, car rentals, and visa services. Its offerings span MICE travel, cruise bookings, customised holiday plans, ticketing, and accommodation.

For FY25, the company reported a 13% rise in revenue to Rs 100.8 crore and a 44% jump in profit after tax to Rs 5.2 crore, compared with FY24.

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