Gurugram-based Delhivery, one of India’s leading logistics and supply chain companies, has just announced a significant move to incentivize its workforce. The company has allotted a whopping 11,79,486 equity shares to its employees under its Employee Stock Option Plans (ESOPs). This decision, finalized in a recent board meeting, is a testament to Delhivery’s commitment to its employees and its confidence in future growth.
What’s the Deal with the ESOP Allotment?
So, what does this allotment actually mean? Well, it’s like giving employees a piece of the Delhivery pie! By exercising their vested stock options, employees can now own a part of the company, aligning their interests with the overall success of Delhivery. This move is designed to motivate employees, attract top talent, and foster a sense of ownership within the organization.
Breaking Down the Numbers:
Total Shares Allotted: 11,79,486
ESOP Plans Involved:
ESOP 2012: 3,24,337 shares
ESOP II 2020: 6,89,049 shares
ESOP III 2020: 1,66,100 shares
Face Value: ₹1 per share
Exercise Prices: Vary from a super affordable ₹0.10 to ₹29.85 (depending on the specific ESOP plan)
Total Funds Raised: ₹32,54,439.25
Paid-Up Capital Gets a Bump
As a direct result of this allotment, Delhivery’s paid-up share capital has seen a healthy increase. It has risen from ₹74,44,01,993 to a solid ₹74,55,81,479. This reflects the increased equity base of the company, strengthening its financial position.
Why ESOPs are a Smart Move
ESOPs are a win-win for both the company and its employees. They:
Boost Employee Morale: Gives employees a sense of ownership and encourages them to work harder.
Attract Top Talent: Makes the company more attractive to potential hires, especially in a competitive market.
Align Interests: Ensures that employees are invested in the long-term success of the company.
Improve Retention: Encourages employees to stay with the company for longer.
Delhivery’s Recent Performance and Future Outlook
This ESOP announcement comes at a time when Delhivery is making significant strides in the logistics sector. The recent launch of “Rapid Commerce,” their sub-2-hour delivery service, shows their commitment to innovation and customer satisfaction.
While the stock price remained relatively stable at around ₹254.80 on the NSE following the announcement, the long-term impact of this employee-centric move is expected to be positive. The diluted earnings per share (EPS) stands at ₹0.50, reflecting the impact of the new equity issuance.
Delhivery’s focus on employee empowerment, combined with its innovative services, positions it for continued growth and success in the ever-evolving Indian logistics landscape. This ESOP allotment is not just about numbers; it’s about investing in the people who are driving Delhivery’s journey!