LGT Business Connextions IPO List: Stocks -list at 20% discount, fall further to hit Lower Circuit

LGT Business Connextions IPO list: Shares of LGT Business Connextions made a poor debut on the BSE on Tuesday, August 26, with a 20 percent discount at £ 85.60 against the £ 107 price. After being listed with a 20 percent discount, the stock further fell to hit its 5 percent lower circle of £ 81.35. At about 11:25 p.m., the stock was closed in its lower circle. Sensex for shares was 0.62 percent lower at 81,127 at the time. LGT Business Connextions is a service aggregator in the travel and tourism industry. “We are connected and add the offer of third-party hotels, airlines, car rental, speed companies and other travel services directly or through third-party aggregators where needed, and offers a wide range of services to our customers,” the company’s DRHP said. The company’s revenue from FY25 operations was £ 100.43 crore, higher than 89.36 crore in FY24 and £ 61 in FY23. The profit for FY25 was £ 5.22 crore, higher than £ 3.63 in FY24 and £ 2.97 in FY23. (This is a developing story. Check out fresh updates.)