In a filing with the exchanges, the travel tech startup said that the shares were issued at an exercise price of INR 1.25 per share and a premium of INR 0.25 apiece
Post the allotment, the paid-up share capital of the travel tech platform now stands at INR 38.97 Cr compared to INR 38.87 Cr previously
The OTA saw its consolidated net profit tank 49% YoY to INR 15.54 Cr in Q3 FY25 while revenue from operations surged 42% YoY to INR 241.76 Cr
Online travel aggregator (OTA) Ixigo
has allotted 10.58 Lakh equity shares to eligible employees under various employee stock option plan (ESOP) schemes.
In a filing with the exchanges, the travel tech startup said that the shares were issued at an exercise price of INR 1.25 per share and a premium of INR 0.25 apiece
“… We hereby inform you that the board of directors of the Company…has approved the allotment of 10,58,143 fully paid up equity shares having a face value of INR 1/- each pursuant to the exercise of stock options under Le Travenues Technology – Employee Stock Option Scheme 2013,… ESOS 2016,…ESOS 2020,…ESOS 2021…, by the option holders,” said the company.
Post the allotment, the total paid-up share capital of the travel tech platform now stands INR 38.97 Cr compared to INR 38.87 Cr previously.
ixigo also said that the ESOPs were granted to “motivate and retain” talented employees and provide “additional deferred rewards to employees”. This follows the company allotting more than 4.6 Lakh equity shares under various ESOP schemes in December 2024.
Prior to this in November, the OTA expanded its ESOP pool by granting 17.57 Lakh additional stock options under ESOP 2024 scheme.
The development came on the same day as the OTA released its financial results for the third quarter (Q3) of the financial year 2024-25 (FY25). Hurt by rising tax expenses, ixigo saw its consolidated net profit plummet by half to INR 15.54 Cr in the quarter under review from INR 30.65 Cr in Q3 FY24. Meanwhile, revenue from operations surged 42% to INR 241.76 Cr in Q3 FY25 compared to INR 170.55 Cr in Q3 FY24.
On the operation front, ixigo’s gross transaction volume (GTV) rose 48% to INR 4,036.3 Cr during the quarter from INR 2,718.3 Cr in Q3 FY24.
