Chennai-based travel and tourism aggregator LGT Business Connextions will launch its initial public offering (IPO) on August 19, with the subscription window open until August 21. The IPO allotment will be finalised on August 21, and the company’s shares are set to debut on the BSE SME platform on August 26.
The fixed price issue is set at ₹107 per share. The ₹28.09 crore offering includes a fresh issue of 23.62 lakh shares worth ₹25.28 crore and an offer-for-sale of 2.62 lakh shares valued at ₹2.81 crore by promoter Wilfred Selvaraj.
LGT, valued at around ₹100 crore, plans to use the proceeds from the fresh issue for capital expenditure, working capital needs, and general corporate purposes.
The company, which operates in competition with listed player International Travel House, has shown strong financial growth over the past three years. In FY25, profit rose 43.6% to ₹5.2 crore, while revenue grew 12.4% to ₹100.4 crore compared to the previous year.
Mark Corporate Advisors is acting as the sole book-running lead manager for the IPO.
