LGT Business Connextions Limited IPO
Founded in 2016 by Wilfred Selvaraj, Padma Wilfred, Aruldas Arulandu, and Singaravelou, LGT Business Connextions Limited began as a service aggregator in the travel and tourism industry. The present promoters are Wilfred Selvaraj and Padma Wilfred, who guide the company’s overall operations and strategic growth.
Business Model
LGT operates as a service aggregator, connecting and consolidating offerings from third-party hotels, airlines, car rentals, cruise companies, and other travel service providers—either directly or through other aggregators—to deliver customized travel solutions. Primarily B2C with a major revenue share from corporate clients, along with services for individual travellers.
a) Revenue Generation: Commission from third-party travel partners and direct charges to customers for services provided.
b) Transparency in Pricing: No hidden costs; all charges are disclosed upfront.
Service Offerings
1. MICE (Meetings, Incentives, Conferences, Exhibitions)
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End-to-end event management for corporates.
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Services include Meetings (small to large-scale), Incentive trips for employees, dealers, and retailers, Conferences and product launches, Exhibitions and trade shows, Ancillary services like ticketing, visa, insurance, and transfers.
2. Accommodation Services
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Network of domestic and international hotels via direct ties or booking aggregators.
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Three leased flats in Chennai and Thiruvananthapuram for customer accommodation.
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Onyx accreditations for international hotel bookings enabling commission eligibility.
3. Ticketing & Visa Processing
Provides domestic and international airline bookings for corporates and bulk travel, with visas (tourist, transit, business, conference) handled by an expert in-house team. Services are often bundled with complete travel packages
Target Customers and Marketing
Target Segments: Corporate clients (majority revenue contributor) and Non-corporate clients for leisure travel
Customer Acquisition: Corporate pitches, Word-of-mouth recommendations, Website (www.lgthotelstays.com) for inquiry submissions (no direct booking API) and Direct engagement by the sales team to understand client needs.
Unique Offerings
– “Let’s Reward” or “Gift a Tour”: Special packages for corporate gifting or personal celebrations like birthdays, weddings, and anniversaries.
– End-to-End Support: Assistance provided before, during, and after trips, with e-tickets and alerts via SMS or messaging platforms.
Objects of the LGT Business Connextions Limited IPO:
LGT Business Connextions Limited IPO Details:
Open Date: | Aug 19 2025 |
Close Date: | Aug 21 2025 |
Total Shares: | 26,25,600 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Fixed Price Issue |
Issue Size: | 28.09 Cr. |
Lot Size: | 1200 Shares |
Issue Price: | ₹ 107 Per Equity Share |
Listing At: | BSE SME |
Promoters And Management:
Financials of LGT Business Connextions Limited IPO:
To be updated shortly
Comparison With Peers:
To be updated shortly
Lead Manager of LGT Business Connextions Limited IPO:
Registrar of LGT Business Connextions Limited IPO:
Discussion on LGT Business Connextions Limited IPO:
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