IPO: initial public offering concept
| Photo Credit:
Chunumunu
LGT Business Connextions, an integrated travel solutions provider, plans to raise ₹28 crore through Initial Public Offering on BSE SME Platform.
The company will issue 26.25 lakh equity shares at a price of ₹107 a share. The lot size is fixed at 1,200 shares.
The issue will open for subscription on Tuesday.
The net proceeds from the IPO will be used for capital expenditure, working capital requirements and the general corporate purposes.
Mark Corporate Advisors will be the lead manager, while Skyline Financial Services has been engaged as Registrar to the offer.
Wilfred Selvaraj, Managing Director, LGT Business Connextions said the capital raised will strengthen the company’s market presence, introduce new offerings and expand across domestic and international destinations. With a focus on innovation, quality service and strategic partnerships, the company is well-positioned to leverage the rising demand in the travel and tourism industry to create lasting value, he added.
Over the years, the company has built a strong presence in the integrated travel solutions space, offering a wide portfolio from corporate MICE (Meetings, Incentives, Conferences, and Exhibitions) and leisure holidays to bespoke travel programs.
The proposed issue will provide the capital required to accelerate expansion, enhance service capabilities and strengthen its market position.
LGT Business Connextions offers integrated travel solutions by aggregating services from third-party hotels, airlines and visa agents, directly or through leading aggregators.
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Published on August 18, 2025