New Delhi, Aug. 19 -- The initial public offering (IPO) of LGT Business Connextions, which opened on the BSE SME platform today, August 19, will remain open for subscription till Thursday, August 21.

LGT Business Connextions IPO is worth Rs.28.09 crore. The offer consists of a fresh issue of Rs.25.28 crore and an offer-for-sale (OFS) component worth Rs.2.81 crore.

LGT Business Connextions IPO is a fixed price issue of Rs.107 per share. Investors can apply for the SME issue in lots of 1200 shares. Retail investors need to apply for at least two lots, requiring an investment of 2,56,800.

The company plans to use the funds raised from the fresh share sale for capital expenditure, working capital needs and general corporate purposes.

The ...