Under its ESOP schemes for ESOS 2013, 2020, 2021, and 2024, Le Travenues Technology Limited, the parent company of the travel tech platform Ixigo, has issued 211,912 stock options.
The options will vest in equal annual tranches over a period of four years, with an exercise price of Rs 93 per share.
Key Highlights
- Ixigo issued 211,912 ESOPs at ₹93 exercise price; vesting over four years boosts employee retention.
- With current market price at ₹178.6, ESOP grant value totals ~₹3.78 crore, rewarding talent amid strong growth.
The grant's total value, at the current market price of Rs 178.6 per share, is around Rs 3.78 crore, meaning that eligible employees will gain Rs 85.6 per option.
With revenue of Rs 284 crore in Q4 FY25, Ixigo reported a 72% increase in scale in the final quarter of FY25. In the same time frame, its year-over-year (YoY) profits rose by 2.4X to Rs 17 crore.
Also Read:Swiggy Adds Rs 150 Cr to ESOP Pool in Latest Grant Initiative
75.48 lakh shares of Ixigo were recently sold by Elevation Capital at an average price of Rs 179.25 each. Schroder Fund, a multinational investor, entered the Ixigo market at the same time by purchasing 53.68 lakh shares for a total of Rs 96.8 crore.
When Ixigo's shares were valued at Rs 179.8 at the end of trading on Wednesday, July 16, the company's market capitalization was Rs 7,017 crore, or roughly $820 million.
