LGT Business Connextions Ltd - IPO

LGT Business Connextions Ltd IPO Details

Initial public offering of upto 26,25,600 equity shares of Rs. 10/- each (Equity Shares) of LGT Business Connextions Limited (LGT or the Company) for cash at an offer price of Rs. 107/- per equity share (the Offer Price), aggregating to Rs. 28.09 crores (the Offer), comprising a fresh offer of up to 23,62,800 equity shares aggregating to Rs. 25.28 crores by the company (Fresh Offer) and an offer for sale of up to 2,62,800 equity shares by Wilfred Selvaraj (the Promoter Selling Shareholder or Selling Shareholder) aggregating to Rs. 2.81 crores (Offer for Sale). out of the offer, 1,32,000 equity shares aggregating to Rs. 1.41 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The offer less the market maker reservation portion i.e., offer of 24,93,600 equity shares of face value of Rs. 10/- each at an offer price of Rs. 107/- per equity share aggregating to Rs. 26.68 crores (is hereinafter referred to as the Net Offer). The offer and the net offer will constitute 28.01 % and 26.60 % respectively of the post offer paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the offer price is 10.7 times of the face value of the equity shares.

Objective of issue

Capital expenditure. Working capital requirement. General corporate purpose.

LGT Business Connextions Ltd Contact Details

LGT Business Connextions Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - info@lgtholidays.com

Website - www.lgtholidays.com