LGT Business Connextions Ltd IPO
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LGT Business Connextions Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 26.26 L | ₹ 2.63 L | TBA | ₹ 70.06 L | BSE | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 19 Aug, 25 | 21 Aug, 25 | 2400 | ₹ 2,56,800 | Fixed Price - SME | 26 Aug, 25 |
LGT Business Connextions Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Travel Agencies |
| Sub Sector | NA |
| Issue Type | Fixed Price - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 2625600 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
LGT Business Connextions Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 5.18 | 4.19 | 0.41 |
| EBITDA | 5.43 | 4.35 | 0.52 |
| PAT | 3.63 | 2.97 | 0.26 |
| Total Assets | 12.99 | 7.70 | 2.90 |
| Share Capital | 0.01 | 0.01 | 0.01 |
| Total Borrowings | 5.71 | 3.91 | 2.76 |
| Operating Activities (Net Cash) | 3.88 | 3.13 | 0.37 |
| Investing Activities (Net Cash) | 0.03 | 0.03 | 0.04 |
| Financing Activities (Net Cash) | 5.71 | 3.91 | 2.76 |
| Net Cashflow | 3.80 | 2.17 | 1.12 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About LGT Business Connextions Ltd
Our Company was originally incorporated as a private limited company under the Companies Act, 2013 with Registrar of Companies, Central Registration Centre in the name and style of LGT Business Connextions Private Limited through a certificate of incorporation dated August 31, 2016, bearing Corporate Identification Number U74999TN2016PTC112289. Subsequently, our Company was converted into public limited company pursuant to a shareholders' resolution passed at Annual General Meeting held on September 27, 2024, and name of our Company was changed from LGT Business Connextions Private Limited to LGT Business Connextions Limited and a fresh Certificate of Incorporation dated November 28, 2024, was issued by Registrar of Companies, Central Registration Centre. As on date of this Draft Prospectus, the Corporate Identification Number of our Company is U74999TN2016PLC112289.
India has been ranked 39th among 119 countries in the latest TTDI 2024 Report published by the World Economic Forum. India's score has improved in three areas: Prioritisation of Travel & Tourism. Safety & Security. Health & Hygiene. The Government of India promotes tourism as a vehicle for social inclusion, employment and economic progress. Committed efforts are being made to transform India into a desirable tourist destination, and the tourism sector is becoming a key driver to making India a developed country by 2047. In 2023, India recorded 9.24 million foreign tourist arrivals (FTAs), a growth of 43.5% compared to 6.44 million in 2022. FTAs contributed Foreign Exchange Earnings (FEEs) of Rs. 2.3 lakh crores (Provisional estimates), a growth of around 65% in the same period compared to Rs. 1.39 lakh crores in 2022.t
We operate as a service aggregator in the travel and tourism industry. We connect and aggregate supply from third party hotels, airlines, car rentals, cruise companies and other travel service suppliers directly or through third-party aggregator wherever required and offer a wide range of services to our customers as per their desired requirements. We offer comprehensive range of travel services and tourism packages to our customers including MICE travel as well as cruise bookings, hotel bookings, in-transit arrangements, local sightseeing, and other tour and travels related services viz., customizing travel plans, travel arrangements for trade fairs etc.
Peer Comparison:
- International Travel House Ltd
LGT Business Connextions Ltd IPO Key Points
Strengths
- Management expertise.
- Leveraging the experience of our Promoters.
- Leveraging the experience of our Promoters.
- Cordial relations with our Employees and Professionals.
Risk
- The company is significantly dependent on the sale of some of the services namely MICE Packages and Hotel Bookings. Its aggregate revenue from these services accounted for 99.90% and 99.93% for the period ended September 30, 2024 and for the financial year ended March 31, 2024 respectively. An inability to provide these services may adversely affect the company brand loyalty and consequently its business, results of operations, financial condition and cash flows.
- The sale of the services is majorly concentrated in the southern states of India. Any adverse developments affecting its operations in such region, could have an adverse impact on the company business, financial condition, results of operations and cash flows.
- The company derives a significant portion of its revenue from operations from the top 10 customers. Loss of one or more of these customers or a reduction in the amount of business the company obtain from them could have an adverse effect on its business, results of operations, financial condition and cash flows. Further, the company has entered service agreement for providing accommodation service only. Other than accommodation service the company has not entered into any agreements with any of the customers.
Strategy
- Cost effectiveness.
- Expand our domestic presence in existing and new markets.
- Maintain our focus to strengthen customer relationship.
- Creating a Brand Image of our Products.
- Building-up as a Professional Organisation.
- Management expertise.
- Leveraging the experience of our Promoters.
- Leveraging the experience of our Promoters.
- Cordial relations with our Employees and Professionals.
How To Apply for LGT Business Connextions Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
