LGT Business Connextions Gears Up for ₹28 Crore IPO on BSE SME Platform
LGT Business Connextions, an integrated travel solutions provider, is launching a ₹28 crore IPO on the BSE SME Platform. The IPO consists of 26.25 lakh equity shares priced at ₹107 per share, with a lot size of 1,200 shares. Funds will be used for capital expenditure, working capital, and general corporate purposes. The company aims to strengthen its market presence and expand its service offerings in the travel industry. LGT Business Connextions provides services including corporate MICE, leisure holidays, and bespoke travel programs.
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LGT Business Connextions, an integrated travel solutions provider, is set to make its market debut with a ₹28 crore Initial Public Offering (IPO) on the BSE SME Platform. The company aims to capitalize on the growing travel industry by strengthening its market presence and expanding its service offerings.
IPO Details
| Particulars | Details |
|---|---|
| Issue Size | 26.25 lakh equity shares |
| Price | ₹107 per share |
| Lot Size | 1,200 shares |
| Subscription Opening | Tuesday (date not specified) |
Fund Utilization
The net proceeds from the IPO will be allocated towards:
- Capital expenditure
- Working capital requirements
- General corporate purposes
Management's Vision
Wilfred Selvaraj, Managing Director of LGT Business Connextions, expressed that the capital raised through this IPO will be instrumental in:
- Strengthening the company's market presence
- Introducing new offerings
- Expanding across domestic and international destinations
Company Profile
LGT Business Connextions operates in the integrated travel solutions sector, offering a range of services including:
- Corporate MICE (Meetings, Incentives, Conferences, and Exhibitions)
- Leisure holidays
- Bespoke travel programs
The company's business model involves aggregating services from various providers such as hotels, airlines, and visa agents to create comprehensive travel packages.
IPO Management
- Lead Manager: Mark Corporate Advisors
- Registrar: Skyline Financial Services
This IPO presents an opportunity for investors interested in the travel and tourism sector, particularly in the SME segment. As always, potential investors should carefully review the offer document and consider their financial goals before making an investment decision.
Note: This article is based on the latest available information and does not constitute financial advice. Investors are advised to conduct their own research and consult with financial experts before investing.
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