Market intelligence firm Tracxn Technologies has allotted 1.8 Lakh equity shares under its Employee Stock Option Plan 2016 (ESOP 2016) to eligible employees

With the fresh allotment, the paid-up share capital of Tracxn has increased to INR 10.47 Cr from INR 10.45 Cr earlier

As of last close, the company’s market cap stood at INR 978.14 Cr

Market intelligence firm Tracxn Technologies has allotted 1.8 Lakh equity shares under its Employee Stock Option Plan 2016 (ESOP 2016) to eligible employees.

In an exchange filing on Thursday (September 5), the company said its Nomination and Remuneration Committee approved the allotment of 1,82,892 equity shares at an exercise price of INR 1 per share.

With the fresh allotment, the paid-up share capital of Tracxn has increased to INR 10.47 Cr from INR 10.45 Cr earlier.

Shares of the company during yesterday’s (September 6) trading session ended 0.71% lower at INR 93.54 apiece on the BSE.

As of last close, the company’s market capitalization stood at INR 978.14 Cr.

It is pertinent to note that Tracxn had also allotted 99,707 equity shares under its ESOP plan in early August.

The Bengaluru-based company reported its first quarter results in late July.

The company posted a profit after tax (PAT) of INR 1.27 Cr in the June quarter (Q1) of the financial year 2024-25 (FY25), a 84.6% jump from INR 68.93 Lakh, a year ago, leading the stock to touch a six-month high of INR 107.93 on July 31.

Meanwhile, revenue from operations stood at INR 20.53 Cr in Q1 FY25, up 3.6% from INR 19.82 Cr in the corresponding quarter previous year.

This new ESOP announcement of the company comes at a time when startups across sectors have been expanding and allocating employee stock option plans for their eligible employees.

In the past week alone, companies such as PB Fintech, Delhivery and Honasa Consumer have approved the allotment of ESOP.

Updated at 12:01 PM