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ideaForge allots 96,000 shares worth Rs 7.95 Cr in ESOPs

YourStory

YourStory · 1y ago

ideaForge allots 96,000 shares worth Rs 7.95 Cr in ESOPs

Indian drone manufacturer ideaForge has allotted employee stock option plans (ESOPs) worth around INR 7.95 crore. The company's board approved the issuance of 95,954 equity shares under the ideaForge Employees Stock Option Scheme, 2018. The newly allotted shares will hold the same rights as existing equity shares, increasing the company's paid-up capital. ideaForge recently acquired a non-controlling stake in GalaxEye Space for INR 8.28 crore. The Indian drone market is projected to reach $15 billion by 2030, with ideaForge being a prominent player in the industry.

Related News

ideaForge Expands ESOP Pool, Allots Another 95,954 Stock Options

Inc42 · 1y ago

ideaForge Expands ESOP Pool, Allots Another 95,954 Stock Options

The startup allocated stock options under its ESOP, 2018. These newly allotted ESOPs are valued at around INR 7.95 Cr, based on the closing price of the stock on Friday. Additionally, ideaForge acquired an undisclosed stake in GalaxEye Space, a spacetech startup in Bengaluru, for INR 8.28 Cr.

Nykaa allots shares worth Rs 10.33 Cr

YourStory

YourStory · 2m ago

Nykaa allots shares worth Rs 10.33 Cr

FSN E-Commerce Ventures, Nykaa's parent company, allotted 5.23 lakh equity shares worth Rs 10.33 crore under its Employee Stock Option Scheme (ESOP). Based on Nykaa’s Rs 197.3 opening share price on the NSE, these shares will rank equally with existing ones. This initiative aligns with Nykaa's strategy of using stock options to reward and retain talent, marking several ESOP allotments throughout the year to foster long-term growth and employee engagement.

Nykaa Allots 3.08 Lakh Equity Shares Under ESOP Plans

Inc42 · 10m ago

Nykaa Allots 3.08 Lakh Equity Shares Under ESOP Plans

Nykaa has allotted around INR 5.92 Cr worth of ESOPs to its employees based on the stock's closing price. This follows the previous allotment of 7.65 Lakh equity shares to employees last month. The company is anticipating a growth in its consolidated net revenue in the second quarter of FY25.

Beauty ecommerce platform Nykaa allots shares worth Rs 32 lakh

YourStory

YourStory · 4m ago

Beauty ecommerce platform Nykaa allots shares worth Rs 32 lakh

Nykaa, a beauty e-commerce platform, allotted 17,010 equity shares under its ESOP scheme, marking this year's second allocation. Valued at over Rs 32.3 lakh, these shares ensure equal ranking with existing ones. ESOPs help attract and retain talent while offering income growth as company value rises. Previous allocations in 2024 included over 4.8 lakh shares. Mamaearth-parent Honasa Consumer also recently granted stock options valued at Rs 57 crore under its ESOP-2018 plan.

Zomato Allots 10.88 Cr ESOPs Ahead Of Q3 Earnings

Inc42 · 1y ago

Zomato Allots 10.88 Cr ESOPs Ahead Of Q3 Earnings

Foodtech major Zomato has allocated 10.88 crore equity shares under its Employee Stock Option Plans (ESOPs) ahead of its Q3 FY24 earnings. The company's ESOP 2021 received the highest allotment of over 9 crore shares, while ESOP 2018 saw an allotment of 1.67 crore shares. This allotment will increase the company's issued, subscribed, and paid-up share capital to around INR 882 crore from INR 871.1 crore previously. Zomato's stock saw a 4% jump during intraday trading following this news.

RateGain Expands ESOP Pool, Allots Shares Worth INR 4.5 Cr

Inc42 · 1y ago

RateGain Expands ESOP Pool, Allots Shares Worth INR 4.5 Cr

Traveltech startup RateGain has allocated 23,880 equity shares to employees under its ESOP 2015 plan and 36,024 equity shares under the Stock Appreciation Rights Scheme – 2022. The newly-allotted ESOPs are valued at around INR 4.49 crore ($612,000) based on the stock's opening price on Tuesday. RateGain reported a significant increase in its net profit, reaching INR 146.39 crore ($19.9 million) in FY24 from INR 68.40 crore ($9.3 million) in the previous fiscal year.

ideaForge Expands ESOP Pool, Allots 2.6K Stock Options

Inc42 · 9m ago

ideaForge Expands ESOP Pool, Allots 2.6K Stock Options

Drone manufacturer IdeaForge has approved the issuance of 2,608 equity shares under its Employee Stock Option Scheme 2018. The shares will have the same ranking as the company's existing equity shares. This move expands the company's employee stock option pool and allows employees to exercise vested stock options.

Nykaa allots 90.5K shares under ESOP scheme

Entrackr

Entrackr · 6m ago

Nykaa allots 90.5K shares under ESOP scheme

Nykaa allots 90.5K shares under ESOP scheme Beauty and personal care marketplace Nykaa has allotted 90,500 equity shares under the company's Employee Stock Option (ESOP) Scheme. The allotted ESOPs amount to a total of Rs 1.49 crore, based on the company’s opening price of Rs 165 per share on the NSE on Monday. "The allotted equity shares shall rank pari-passu with the existing equity shares of the company in all respects," Nykaa stated in a regulatory filing. In November 2023, the company allotted 1.80 lakh equity shares under its Employee Stock Option Scheme. Before that, it allotted 3.08 lakh equity shares under ESOP in October 2024, bringing the cumulative allotment for the December quarter to about 4.8 lakh shares. Nykaa's Q3 FY25 revenue from operations grew to Rs 2,267 crore, up from Rs 1,789 crore in Q3 FY24. The beauty segment contributed 90.9% of total revenue at Rs 2,060 crore, while the fashion segment accounted for 8.8% of operating income. Steady business growth helped Nykaa post a 51.7% increase in profit, reaching Rs 26.4 crore in Q3 FY25, compared to Rs 17.4 crore in Q3 FY24. Nykaa acquired a majority stake in Earth Rhythm after initially investing as a minority stakeholder in 2022. This was achieved through a mix of primary and secondary transactions. Additionally, Nykaa raised its stake in its subsidiary Dot & Key to 90% with an investment of Rs 265.3 crore.

Zomato grants 40M ESOPs worth nearly Rs 890 Cr

YourStory

YourStory · 1y ago

Zomato grants 40M ESOPs worth nearly Rs 890 Cr

Foodtech giant Zomato has approved the granting of 40 million Employee Stock Options (ESOPs), worth around Rs 892.19 crore, under its 2014 and 2021 plans. The options will be exercisable within ten years of vesting or twelve years from the date of listing, whichever is later. Zomato had previously announced an ESOP expansion plan and an ESOP pool of 18.26 crore shares worth nearly Rs 4,000 crore. The company also confirmed it has no plans to enter the lending and credit business and is focusing on other segments and partnerships.

ideaForge Allots Additional Equity Shares Under ESOP 2018

Inc42 · 11m ago

ideaForge Allots Additional Equity Shares Under ESOP 2018

ideaForge has approved the allotment of 3,936 equity shares for the exercise of vested options under its ESOP 2018. The exercise price has been set at INR 10 per share, with the allotted stocks valued at INR 27.41 Lakh based on the company's closing price on September 13.

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