LGT Business Connextions IPO GMP

September 3, 2025 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

The LGT Business Connextions IPO introduces investors to a dynamic travel and tourism service aggregator founded in 2016. Headquartered in Chennai, the company offers a broad range of services including MICE (Meetings, Incentives, Conferences, and Exhibitions), leisure tours, hotel bookings, and visa processing, catering to both corporate and individual clients. LGT Business Connextions primarily operates on a B2C model, with the bulk of its revenue derived from corporate clients. The LGT Business Connextions IPO is priced at ₹107 per share, and the proceeds will fund expansion and working capital. Listing on the BSE SME platform in late August 2025, this IPO provides exposure to India’s growing travel and tourism industry with promising growth potential.

₹00

Latest IPO GMP

Last updated on 25 Aug 2025 11.14

₹107

IPO Offer Price

*cut off price

₹85.60

Listing Price

Listing Date 26/08/2025

Expert Opinions

The LGT Business Connextions IPO is receiving favorable market sentiment as investors appreciate its strong foothold in the dynamic travel and tourism aggregation sector. The company’s strengths lie in its diversified service offerings including MICE, leisure tours, hotel bookings, and visa processing, coupled with a robust B2C business model that caters extensively to corporate clients. Financially, LGT Business Connextions demonstrated impressive metrics for FY 2025 with a Return on Equity (ROE) of 41.89%, a Return on Capital Employed (ROCE) of 45.19%, and an EBITDA margin of 7.62%, indicating efficient capital utilization and operational profitability.

Risks include vulnerability to travel industry cyclicality, geopolitical uncertainties, competition from established players and online platforms, as well as sensitivity to economic slowdowns affecting corporate and leisure travel. From a long-term investment perspective, the LGT Business Connextions IPO offers promising growth potential in India’s expanding travel and tourism market, suitable for investors seeking exposure to a growing and evolving sector poised for sustained recovery and expansion.

Investor Considerations

The LGT Business Connextions IPO reflects a company with consistent financial performance and solid fundamentals. For FY 2025, the company reported a Price to Book Value of 6.02, a PAT margin of 5.19%, and a moderate debt-to-equity ratio of 0.77, indicating balanced leverage. Operating in the growing travel and tourism aggregation sector, LGT offers diverse services including MICE, hotel bookings, and visa processing, focused on both corporate and individual clients. The sector outlook is promising, driven by increasing domestic and international travel demand.

Growth prospects are supported by expansion plans and a scalable business model. However, risks include exposure to travel industry cyclicality, geopolitical uncertainties, competitive pressures, and economic slowdowns impacting travel demand. The LGT Business Connextions IPO suits long-term investors aiming to benefit from India’s recovering and expanding tourism market, while short-term investors should consider sector volatility and market fluctuations.