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LGT Business IPO
LGT Business Connextions Ltd
₹1,28,400 /1200 sharesMinimum Investment
LGT Business IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹107.00 | ₹85.60 | -₹21.40 (20.00%) |
LGT Business IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 19 Aug ‘25 - 21 Aug ‘25 | ₹2,56,800 | 1,200 | ₹107 - ₹107 |
| Issue Size | IPO Doc |
|---|---|
| 28.09Cr | RHP PDF |
Subscription rate
As of 21 Aug'25, 04:01 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.85x |
| Retail Individual Investor | 1.72x |
| Total | 1.22x |
About LGT Business
Founded in
2016
Managing director
Mr Wilfred Selvaraj
Parent organisation
LGT Business Connextions Ltd
Strengths & Financials of LGT Business
Strengths
Risks
The company offers a comprehensive range of travel services, including both domestic and international travel, visa processing, ticketing, holiday packages, and event management. The company states that its ability to cross-sell services under one roof differentiates it from competitors and provides flexibility to meet the evolving needs of its customers.
LGT Business Connextions claims to operate with a scalable business model, driven by orders and the efficient use of resources to achieve economies of scale. The company is able to expand by exploring new markets, introducing more travel packages, and maintaining consistent service quality.
The company claims to have built strong relationships with major clients, which contributes to a high level of customer retention. These long-term relationships not only ensure repeat business but also serve as a competitive advantage in attracting new clients.
The company has reported a consistent increase in revenue from operations and profit after tax. Revenue from operations increased from Rs 60.99 crore in FY23 to Rs 89.36 crore in FY24 and Rs 100.43 crore in FY25. PAT increased from Rs 2.97 crore in FY23 to Rs 3.63 crore in FY24 and Rs 5.21 crore in FY25.
A significant portion of the company’s revenue is derived from its MICE packages. It accounted for Rs 78.05 crore (77.72 percent) of the company’s revenue from operations in FY25, Rs 73.23 crore (81.95 percent) in FY24, and Rs 46.28 crore (75.88 percent) in FY23. An inability to provide these services could adversely affect brand loyalty and consequently the company’s business, results of operations, financial condition, and cash flows.
A significant portion of the company’s revenue is derived from the southern states, namely, Telangana, Tamil Nadu, and Kerala. Together, they accounted for Rs 69.61 crore (69.32 percent) of the company’s revenue in FY25, Rs 71.25 crore (79.73 percent) in FY24, and Rs 50.56 crore (82.90 percent) in FY23. Any adverse political, social, or economic developments in these regions could hurt the company’s financial condition and cash flows.
The top five customers accounted for Rs 37.01 crore (36.85 percent) of the company’s revenue in FY25, Rs 44.25 crore (49.52 percent) in FY24, and Rs 38.94 crore (63.85 percent) in FY23. Furthermore, the top customer alone accounted for Rs 10.94 crore (10.90 percent) of the company’s revenue in FY25, Rs 13.31 crore (14.89 percent) in FY24, and Rs 11.42 crore (18.73 percent) in FY23. Any failure to retain these key customers, expand the customer base, or loss of business from any of them could adversely affect the company’s business and financial standing.
The top five suppliers accounted for Rs 21.67 crore (23.09 percent) of the company’s total expenses in FY25, Rs 20.84 crore (24.63 percent) in FY24, and Rs 18.50 crore (32.38 percent) in FY23. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
A significant portion of the company’s revenue is derived from corporate clients. They accounted for Rs 85.99 crore (85.62 percent) of the company’s revenue in FY25, Rs 82.64 crore (92.48 percent) in FY24, and Rs 58.22 crore (95.45 percent) in FY23. A downturn in the corporate sector or shifts in business priorities could significantly reduce demand for corporate travel services, which, in turn, could hurt the company’s business and financial condition.
The company and its group companies are involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business and finances.
The company recorded negative cash flow from investing activities amounting to Rs 1.85 crore in FY25, Rs 1.03 crore in FY24, and Rs 0.27 crore in FY23. This was mainly due to the purchase and construction of fixed assets. Additionally, negative cash flow from financing activities amounted to Rs 0.21 crore in FY24, due to the repayment of borrowings and interest payments. If cash outflows continue to exceed inflows in the future, the company may face liquidity challenges.
As of FY25, the company had trade receivables of Rs 12.62 crore, a sharp increase from Rs 6.00 crore in FY24 and Rs 4.03 crore in FY23. Any failure to collect these receivables on time or at all can negatively impact the business and its financial condition.
As of FY25, the company had outstanding financial indebtedness of Rs 9.58 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
LGT Business Financials
*All values are in Rs. Cr
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Application Details of LGT Business IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Individual investor | ₹107 - 107 | ₹2 - 5 Lakh |
For LGT Business IPO, eligible investors can apply as Individual investor.