Tracxn Allots Shares Worth INR 2.19 Cr Under ESOP Scheme

Market intelligence platform Tracxn has allotted 4.3 Lakh stock options to eligible employees under TRACXN Employee Stock Option Plan 2016 (ESOP 2016). 

In an exchange filing, the company said that its Nomination and Remuneration Committee approved the allotment of 4,28,488 equity shares at a face value of INR 1 each to eligible grantees upon exercise of vested options under TRACXN ESOP 2016.

The exercise price for the allotted shares is also INR 1 per share.

With the fresh allotment, the paid-up equity share capital of the company has increased to INR 10,68,94,582 (10.64 Cr) from INR 10,64,66,094 (10.64 Cr) earlier.

As per the stock’s closing price on Monday (April 7), the newly allotted equity shares are worth INR 2.19 Cr.

Shares of Tracxn are volatile for the day, and as of 11:29 AM, it was trading marginally low at INR 51.39 apiece on the BSE today (April 11), compared to its last close of INR 51.40 per share.

The volatility of stocks has been largely a ripple effect of US president Trump’s tariff announcement against over 180 countries on April 2.

To note, Tracxn recently hit its all time low of INR 48 on April 7, while the stock has lost 49.5% in value in the past 12 months.

The company’s market capitalisation currently stands at INR 547.13 Cr ($63.5 Mn).

Most recently, the company has made multiple announcements related to ESOPs. In March, the company allotted 2.84 Lakh equity shares under the same plan. Prior to that, it allotted 2.88 Lakh stock options also under ESOP 2016 in February as well.

On the financial front, Tracxn reported a net profit of INR 1.42 Cr in the third quarter of the fiscal year 2024-25, down 36% from INR 2.22 Cr in Q3 FY24.

Meanwhile, its revenue from operations increased 1.2% to INR 21.39 Cr in Q3 FY25 from INR 21.14 Cr in the year-ago quarter.