LGT Business Connextions Limited - IPO
SMELGT Business Connextions IPO Details
LGT Business Connextions IPO Subscription
LGT Business Connextions IPO Application Wise Breakup
LGT Business Connextions IPO Dates
- 19 Aug 2025Opening dateOPD
- 21 Aug 2025Closing dateCOD
- 22 Aug 2025Basis of AllotmentBOA
- 25 Aug 2025Initiation of RefundsIOR
- 25 Aug 2025Credit of SharesCOS
- 26 Aug 2025Listing dateLID
LGT Business Connextions IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 2400 | ₹256,800 |
| Individual Maximum | 2 | 2400 | ₹256,800 |
| HNI Minimum | 3 | 3600 | ₹385,200 |
LGT Business Connextions IPO Reservation
Promoter Holding
LGT Business Connextions IPO Valuations
LGT Business Connextions Limited Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 27.18 | 14.93 | 8.69 |
| Total Income | 100.81 | 89.53 | 61.18 |
| Profit After Tax | 5.22 | 3.63 | 2.97 |
| EBITDA | 7.65 | 5.27 | 4.04 |
| Net Worth | 12.45 | 7.23 | 3.60 |
| Reserves and Surplus | 5.44 | 7.22 | 3.59 |
| Total Borrowing | 9.58 | 2.82 | 2.50 |
| Amount in ₹ Crore | |||
About LGT Business Connextions IPO
Incorporated in 2016, LGT Business Connextions Limited is engaged as a service aggregator in the travel and tourism industry.
The travel and tours brand of LGT Business Connextions Ltd offers extensive services across the tourism industry.
The company acts as a service aggregator in the travel industry, connecting customers with hotels, airlines, car rentals, cruises, and other services directly or through third-party aggregators.
The company offers a wide range of travel services, including MICE travel, cruise and hotel bookings, in-transit arrangements, local sightseeing, customised travel plans, and arrangements for trade fairs and tours.
The company offers consolidated tour packages, hotel accommodation, ticketing, visa processing, and customized travel plans for both corporate groups and individuals, including MICE services for business meetings, conferences, and events.
Business Model:
- Mice: The company’s MICE division offers end-to-end solutions for corporate events, including meetings, incentives, conferences, exhibitions, and ancillary services like travel, accommodations, logistics, and post-event reporting, ensuring customer satisfaction.
- Accommodation: The company provides accommodation services through third-party hotel providers, with leased flats in Chennai and Thiruvananthapuram. It connects with local and international hotels or booking aggregators for the best options.
- Ticketing & Visa: The company provides domestic and international ticketing services through IATA accreditation, earning commissions. It also offers visa services for tourist, business, and conference visas, primarily as part of bundled travel packages.
Strength Of LGT Business Connextions IPO
1. Management expertise.
2. Leveraging the experience of our Promoters.
3. Cordial relations with our customers.
4. Cordial relations with our Employees and Professionals.
Risk Of LGT Business Connextions IPO
1. The company is significantly dependent on the sale of some of the services namely MICE Packages and Hotel Bookings. Its aggregate revenue from these services accounted for 99.90% and 99.93% for the period ended September 30, 2024 and for the financial year ended March 31, 2024 respectively. An inability to provide these services may adversely affect the company brand loyalty and consequently its business, results of operations, financial condition and cash flows.
2. The sale of the services is majorly concentrated in the southern states of India. Any adverse developments affecting its operations in such region, could have an adverse impact on the company business, financial condition, results of operations and cash flows.
3. The company derives a significant portion of its revenue from operations from the top 10 customers. Loss of one or more of these customers or a reduction in the amount of business the company obtain from them could have an adverse effect on its business, results of operations, financial condition and cash flows. Further, the company has entered service agreement for providing accommodation service only. Other than accommodation service the company has not entered into any agreements with any of the customers.
4. The company operations relies on third-party service providers, vendors, and on other travel suppliers. Any negligence in service provided by them, increase in input costs or failures to maintain strong relationships with them could disrupt the company operations which ultimately could adversely affect the quality of the service, pricing, results of operations and financial condition. Further, the company does not has long-term agreements with its travel suppliers.
5. The companny derives a significant portion of its revenue from operations from the corporate clients.
6. The company Registered and Corporate Office and other business premises through which its conduct the company business is not owned by it and the same have been taken on rent/leave & licence basis.
7. Its group entities are involved in certain litigations which is currently pending.
8. The company has incurred indebtedness which exposes it to various risks which may have an adverse effect on its business and results of operations.
9. The company has experienced negative cash flows in previous years based on restated statement. Any operating losses or negative cash flows in the future could adversely affect its results of operations and financial conditions.
10. Its operations is subject to high working capital requirements. The company inability to maintain an optimal level of working capital required for the business may impact its operations adversely.
Objectives LGT Business Connextions IPO
- To meet the Capital Expenditure.
- To meet Working Capital Requirement.
- To meet the General Corporate Purposes.
Company Contact Details
LGT Business Connextions Ltd.
New No. 38, Old No. 44,
First Floor, Brindavan Street Extn,
West Mambalam
Chennai, Tamil Nadu, 600033
Phone: +91 9940067846
Email: info@lgtholidays.com
Website: http://www.lgtholidays.com/
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