LGT Business Connextions Launches Rs 28 Crore IPO Today

Swift Summary

• Chennai-based travel service aggregator LGT Business Connextions launches its IPO today, aiming to raise Rs 28.09 crore.
• The issue comprises a mix of fresh equity and an offer for sale, priced at Rs 107 per share, with a minimum investment of Rs 2.56 lakh (2 lots).
• Subscription will remain open from August 18 to August 21; allotment is scheduled for August 22, and shares are proposed to be listed on the BSE SME platform on August 26.
• Incorporated in 2016, the company provides end-to-end services in the travel and tourism industry, specializing in areas like MICE events, ticketing, hotel bookings, visa processing, cruise packages, and customized travel plans.
• Financial performance shows growth: FY25 revenues reached Rs 100.8 crore (13% rise YoY) with profit after tax increasing by 44% to Rs 5.2 crore compared to FY24 figures.
• IPO proceeds will go toward capital expenditure (Rs 10.4 crore), working capital needs (Rs 7.7 crore) and general corporate purposes (Rs 3.8 crore).

!LGT Business Connextions IPO opens today; company to raise Rs ₹28 crore

Indian Opinion Analysis

The launch of LGT business Connextions’ IPO highlights growing investor interest in India’s niche segments like travel aggregators amidst broader economic expansion trends post-pandemic recovery within tourism sectors globally and domestically.

Given its consistent revenue growth (+13%) coupled with rising net profits (+44%), LGT’s financial performance demonstrates steady scalability but also indicates dependency on continued demand within business-specific services like MICE logistics or hotel consolidations provided competitively.

Though reliance backed via leasing tied assets vs convention outright/suggests scaled fragile~room-improving operations directing responsibly usage-proceeds earmarkings economic/ensuring enlargements resource adaptability minimizes downtime hopefully reflectivities… structure positivity↔external-slidechecks/errors yet adapt…

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