LGT Business Connextions to Raise ₹28 Crore via IPO on BSE SME Platform

LGT Business Connextions, an integrated travel solutions provider, is set to launch an initial public offering (IPO) on the BSE SME Platform, aiming to raise ₹28 crore. The company will issue 26.25 lakh equity shares priced at ₹107 each, with a minimum lot size of 1,200 shares. Subscription opens Tuesday.

Proceeds will fund capital expenditures, working capital, and general corporate purposes. Wilfred Selvaraj, Managing Director, emphasized the IPO's role in bolstering market presence, expanding service offerings, and capitalizing on growing demand in travel and tourism. The firm specializes in corporate MICE and leisure travel programs.

Mark Corporate Advisors and Skyline Financial Services are managing the offering. This MOVE follows CleanMax's recent draft filing for a ₹5,200 crore IPO, signaling continued SME fundraising activity despite macroeconomic headwinds.