Travel ticket booking platform ixigo grants 2.12 lakh ESOPs worth Rs 3.79 crore

Le Travenues Technology Limited, the parent company of traveltech firm ixigo, has granted 211,912 stock options to eligible employees under its four ESOP schemes—ESOS 2013, 2020, 2021, and 2024. The options have been issued at an exercise price of Rs 93 per share and will vest in four equal annual tranches.

At Wednesday's closing share price of Rs 178.96, the cumulative value of the grant stands at approximately Rs 3.79 crore, reflecting a potential per-option gain of Rs 85.96. The granted options, once vested and exercised, will convert to equity shares on a pari passu basis with existing shares. Employees have a five-year window post-vesting to exercise the options.

The issuance aligns with the company’s stated objective of motivating and retaining talent, while aligning employee interests with long-term shareholder value. The ESOP schemes aim to foster a culture of ownership and shared success.

The announcement follows a robust financial performance in the last quarter of fiscal year 2024–25. Ixigo reported a 72% year-on-year increase in revenue, reaching Rs 284 crore in Q4. Net profits more than doubled during the same period to Rs 17 crore, representing a 2.28x jump.