Archive · 19 Aug 2025
LGT Business Connextions IPO Opens, Subscribed 21% on Day 1
LGT Business Connextions, a travel service company, is selling shares to the public in an IPO to raise money.
The IPO opened on August 19 and is expected to close on August 21.
Investors can buy shares for ₹107 each, with a minimum purchase of 1200 shares.
The company plans to use the money for business needs.
On the first day, the IPO was partially successful, with a subscription of 21%.
The price of the shares in the grey market is the same as the IPO price.
The company helps people book hotels, flights, and create travel packages.
LGT Business Connextions IPO opened on August 19 and will close on August 21.
The IPO is valued at ₹28.09 crore, consisting of a fresh issue and an offer-for-sale component.
The fixed price for the IPO is ₹107 per share, with investors applying in lots of 1200 shares.
Funds raised will be used for capital expenditure, working capital, and general corporate purposes.
The IPO was subscribed 21% on its first day, with retail and NII portions subscribed at 18% and 23% respectively.
- Who
- LGT Business Connextions, a service aggregator.
- What
- LGT Business Connextions is conducting an IPO.
- When
- The IPO opened on August 19 and will remain open until August 21.
- Where
- The IPO is on the BSE SME platform.
- Why
- To raise funds for capital expenditure, working capital, and general corporate purposes.
- IPO Value
- ₹28.09 crore
- Issue Price
- ₹107 per share
- Lot Size
- 1200 shares
- Subscription Status (Day 1)
- 21%
- Retail Subscription (Day 1)
- 18%
- NII Subscription (Day 1)
- 23%
- Tentative Listing Date
- August 26