Latest news with #ESOP
Economic Times
7 hours ago
- Business
- Economic Times
Fractal Analytics files DRHP targeting Rs 4,900 crore IPO
ETtech Fractal Analytics cofounder Srikanth Velamakanni Fractal Analytics has filed its draft red herring prospectus with the Securities and Exchanges Board of India (Sebi) on August 12 with the IPO target of Rs 4,900 crore. Of this, Rs 1279.3 crore will be fresh issue of shares and offer for sale will be Rs 3620.7 company aims to list in the NSE and BSE by December, according to sources aware of the development. After consumer and fintech startups that are eyeing an IPO in 2025, India will see the listing of the first AI company with Fractal Analytics amid the technological shift the country is witnessing. InMobi, which now has a huge AI focus, is planning its IPO as well and is in the process of redomiciling to India. Capillary Technologies had filed its IPO papers in June 2025. As of July 31, 4,960 Fractal employees were ESOP holders. With the company going for IPO, it is likely to mint over 100 millionaires as well. The company has registered Rs 2765.4 crore in revenue for FY25, up 25.9% from FY24 when the company registered Rs 2196.3 crore revenue. The company generated profit of Rs 220.6 crore in FY25, as opposed to loss of Rs 54.7 crore in FY24. Offloading shares Its existing shareholders, Apax (Quinag Bidco) and TPG will be selling shares worth Rs 1462 crore and Rs 1999 crore respectively. Two of its angel investors, Gulu Mirchandani's GLM Family Trust and Rao Remala will be selling a small portion of their shares, accounting for about Rs 129 crore and Rs 29 crore respectively, according to the DRHP. Founders Srikanth Velamakanni and Pranay Agarwal and their family, collectively hold 20% in the firm, and employees, 17% through the ESOP programme. The company is currently valued at $2.4 billion, after its recent $172 million fund raise through secondary sales last month. It became a unicorn in 2022, when it raised $360 million from TPG Capital Asia. The company has raised a total of $855 million. The company works with Fortune 500 firms to make better decisions using analytics. It recently partnered with OpenAI to help customers adopt AI by offering custom model solutions, and AI agents. The US is the largest customer base, accounting for about 65% of its revenue, and Europe at 16%. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Regulatory gray area makes investing in LVMH, BP tough For Indian retail How IDBI banker landed plush Delhi properties in Amtek's INR33k crore skimming As 50% US tariff looms, 6 key steps that can safeguard Indian economy Jane Street blow pushes Indian quants to ancient Greek idea to thrive Stock Radar: Astra Microwave showing signs of bottoming out after 16% fall from highs; time to buy? F&O Radar | Deploy Broken Wing in Paytm to play stock's bullish outlook These 9 banking stocks can give more than 28% returns in 1 year, according to analysts Why 2025 Could Be The Astrological Turning Point We've Been Waiting For
Business Standard
a day ago
- Business
- Business Standard
Marico allots 69,397 equity shares under ESOP
Marico has allotted 69,397 equity shares of face value of Re. 1 each of the Company under various Schemes of ESOP 2016, to the eligible grantees, pursuant to exercise of stock options granted thereunder. Consequent to the aforesaid allotment, the paid-up share capital of the Company has increased to 1,29,78,94,756 equity shares of Re. 1 each aggregating to Rs. 1,29,78,94,756/-.
Business Standard
2 days ago
- Business
- Business Standard
KFin Technologies allots 14,471 equity shares under ESOP
KFin Technologies has allotted 14,471 equity shares under ESOP on 11 August 2025. Consequently, the issued, subscribed, and paid-up Equity Share capital of the Company has increased from Rs. Rs. 1,72,20,84,200/- comprising of 17,22,08,420 Equity Shares of face value Rs. 10/- each to 1,72,22,28,910/- comprising of 17,22,22,891 Equity Shares of face value Rs. 10/- each. Powered by Capital Market - Live News
Business Wire
2 days ago
- Business
- Business Wire
Metro Services Group Initiates Employee Ownership Transition
SAN FRANCISCO--(BUSINESS WIRE)--Metro Services Group, a leading provider of janitorial, engineering, and environmental services across California and the Pacific Northwest, announced today that a long-term transition to employee ownership was initiated on August 1 st through the implementation of an Employee Stock Ownership Plan (ESOP). An ESOP is a qualified retirement plan that allows eligible employees to gain an ownership stake in the company over time, based on tenure, role, and other factors. Under this new structure, ownership of the company will be transferred over time to eligible management-level employees through the ESOP. This allows qualified team members to earn shares and participate in Metro's future growth, based on tenure, compensation, and role. The move also reflects founder and CEO Michael Oddo's commitment to preserving Metro's independence while rewarding the employees who've helped build its success. 'This is a renewed commitment to our people and our future,' said Oddo who founded Metro Services Group three decades ago and built it into one of the industry's independent leaders in cleaning and maintaining commercial real estate spaces. 'It's about recognizing the team that built this company and ensuring they have a real stake in its continued success. I plan to remain fully engaged as CEO, and I couldn't be more excited about the strength and stability this brings to our clients and team alike.' The ESOP ensures that Metro remains privately held, locally led, and guided by its core values. The company's leadership and operations will remain unchanged, and the ownership transition will take place gradually over the next five years. 'The ESOP means that the team responsible for managing operations and ensuring our clients' spaces are maintained to the highest standard aren't just overseeing the work—they're owners,' said Derek Schulze, President of Metro Services Group. 'Our management team brings a deeper sense of pride, purpose, and accountability because they have real ownership in the company. This transition marks the beginning of an exciting new chapter for Metro—one that strengthens our leadership, deepens our commitment to excellence, and ultimately enhances the service we deliver to our clients.' What this means for clients: Stronger engagement: Participating employees have a stake in client success—driving greater accountability and service excellence. Long-term stability: Metro remains focused on sustainable growth—not short-term profits simply to satisfy outside buyers. Seamless continuity: Leadership, pricing, and service levels remain consistent across all regions and sectors. Metro's transition to increased employee ownership builds on a long-standing culture of internal growth and opportunity. Many of its current executives began their careers in janitorial or engineering roles and rose through the ranks. This next chapter reaffirms the company's belief in investing in people, creating career pathways, and building lasting value for participating employees and clients alike. Jacqueline Korajkic, Chief Financial Officer of Metro Services Group, added, 'With the launch of our Employee Stock Ownership Plan (ESOP), many of our team members now have a chance to become part-owners of the company they help shape every day. This move reflects something we've always believed—that the people behind the work deserve a stake in its success.' The first phase of the ESOP became effective last week. Eligible employees will begin to accrue ownership shares based on their tenure and role. Over time, the ESOP will become a meaningful vehicle for building wealth, deepening engagement, and reinforcing a culture of shared investment and accountability. Metro joins a respected group of employee-owned companies, following best practices modeled by organizations like Recology, Skyline Construction, and WinCo Foods. The transition is guided by experienced ESOP advisors and overseen by an independent trustee to ensure fairness and transparency throughout the process. 'This is fundamentally about building something lasting—for our clients, for each other, and for the communities we serve,' Oddo added. 'When employees think and act like owners, everyone wins.' Metro Services Group is an award-winning provider of janitorial, engineering, and sustainability for commercial properties and public agencies across California and the Pacific Northwest. Rooted in operational excellence, equity, and long-term partnership, Metro delivers sustainable solutions that elevate both spaces and people. We are now proudly transitioning to employee ownership.
News18
2 days ago
- Business
- News18
Zomato Parent Eternal's Shares Boom, Executives Exercise ESOPs Worth Rs 419 Crore
ESOPs must be exercised before sale. Exercising gives executives the right to buy shares at a fixed, often lower strike price, allowing potential profit when sold later Shares of Eternal, Zomato's parent company, have hit an all-time high, creating a lucrative moment for employees, especially senior executives. On July 29 and 30, over 140 top officials exercised their Employee Stock Options (ESOPs), acquiring shares valued at Rs 419 crore. Employee stock options (ESOPs) must be 'exercised' before they can be sold. Exercising means an executive gains the right to buy company shares at a fixed, pre-agreed price called the strike price. This price varies for each executive but is usually lower than the current market price, allowing them to buy shares cheaply and potentially sell them later at a profit. Simply put, if the company performs well and its share price rises after listing, ESOP holders can make significant gains by selling their shares at higher prices. Companies issue ESOPs primarily to retain key executives over the long term. Executives Who Disclosed Their ESOP Exercise Details After exercising ESOPs, individuals can choose to either hold onto the shares or sell them. The decision is entirely theirs. According to The Economic Times, Blinkit CEO Albinder Dhindsa acquired shares valued at Rs 214.51 crore, making him the largest beneficiary among those who exercised their options. The remaining 31 executives have each acquired shares valued at over Rs 1 crore. Other notable executives, including Hyperpure CEO Rishi Arora, former Zomato food delivery CEO Rakesh Ranjan, his successor Aditya Mangala, and corporate development head Kunal Swaroop, collectively obtained shares worth Rs 378.50 crore, accounting for 90% of the total transaction. About half of the executives on this list are from Blinkit, while the rest are associated with Eternal, Zomato, Hyperpure, and District branches. Additional transactions included Kunal Swaroop's shares worth Rs 25.2 crore, Zomato's logistics AVP Adish Dhakad's Rs 24.1 crore, Blinkit's Udit Gupta and Aneesh Srivastava's Rs 14.8 crore and Rs 14.1 crore respectively, Rishi Arora's Rs 9.5 crore, and Blinkit's CTO Sajal Gupta's Rs 6.6 crore. Eternal Shares Overview Eternal, one of India's first major internet companies to go public in July 2021, initially priced its shares at Rs 76 each on BSE. Debuting at Rs 115, the stock peaked at Rs 138 on its first day before closing at Rs 125.85. A year later, on July 29, 2022, the stock plummeted to Rs 46.80 amid widespread declines in new-age company shares. However, following its acquisition of Blinkit (formerly Grofers) in June this year, Eternal's fortunes reversed. Blinkit quickly gained consumer trust, revitalising Zomato's shares, which soared to Rs 302.95 on December 6, 2024, delivering substantial returns to investors. Currently, Eternal's stock is trading above Rs 300. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
