LGT Business Connextions Limited IPO

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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)

  • End-to-end event management for corporates.

  • 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

  • Network of domestic and international hotels via direct ties or booking aggregators.

  • Three leased flats in Chennai and Thiruvananthapuram for customer accommodation.

  • 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:

Company proposes to utilize the net proceeds towards the following objects: 1. To meet the Capital Expenditure (₹10.43 cr) 2. To meet Working Capital Requirement (₹7.70 cr) 3. To meet the General Corporate Purposes (₹3.78 cr)

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:

1. Wilfred Selvaraj, promoter and MD, holds a BA from Bharathidasan University (1992) and over three decades’ experience in travel. After starting as Senior Executive at International House Ltd. in 1994 and working with various tourism firms, he founded the company in 2016 and became MD in 2020, overseeing overall operations and steering its strategic growth. 2. Padma Wilfred, promoter and whole-time director, holds a BSc in Chemistry (1995) and a PGDCA. A TN RERA-registered agent, she specializes in luxury and commercial real estate, co-guiding overall operations and contributing to business expansion initiatives. 3. Ramesh Raja, VP – Finance & Treasury and whole-time director, with an MBA in Finance and 9 years’ experience, has been with the company since inception, leading financial reporting, treasury, and risk management. His strategic planning and leadership have been instrumental in ensuring financial stability and supporting the company’s long-term growth trajectory.

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:

  1. Mark Corporate Advisors Private Limited

Registrar of LGT Business Connextions Limited IPO:

  1. Skyline Financial Services Private Ltd

Discussion on LGT Business Connextions Limited IPO:

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