IndiGo Allots 9,409 Equity Shares Under ESOP
By Ankur Chandra | Published at: Jun 4, 2025 02:54 PM IST
Mumbai, June 4, 2025: Shares of InterGlobe Aviation Ltd (IndiGo) climbed 0.48% in early trade today to ₹5,409.50 after the company allotted 9,409 equity shares under its ESOP 2015 scheme. The move, coupled with its record-breaking Q4 FY25 profit, further cemented investor and employee confidence.
The stock is now hovering close to its 52-week high of ₹5,665.50, as market participants cheer IndiGo’s sharp earnings rebound and robust operational outlook.
What Triggered the Move?
IndiGo approved the allotment of 9,409 equity shares at a face value of ₹10 per share, issued to eligible employees under ESOP 2015. This step aligns with the company’s strategy to retain top talent following a record quarterly profit of ₹3,067 crore in Q4 FY25 — a 62% YoY surge. Also fueling sentiment was the stock’s inclusion in several fund managers’ radar due to improved passenger load factors, low-cost advantage, and positive outlook amid Kumbh Mela-led traffic boosts.
ESOP Allotment Snapshot
| Particulars | Details |
|---|---|
| Date of Allotment | June 4, 2025 |
| Number of Shares Issued | 9,409 |
| Exercise Price per Share | ₹10 |
| Face Value per Share | ₹10 |
| Premium per Share | Nil |
| ISIN | INE646L01027 |
| Distinctive Numbers | 38,64,39,370 to 38,64,48,778 |
| Post-Allotment Share Capital | ₹386.45 crore (38,64,48,778 shares) |
| Nature of Shares | Equity shares identical to existing ones |
| Lock-in Period | Not applicable |
The shares issued are fully fungible and carry the same rights as the existing equity shares listed on the NSE and BSE. No lock-in period has been imposed, ensuring complete liquidity for eligible employees.
What Happened in the Market?
- Intraday Performance: IndiGo’s stock climbed ₹26 during intraday trade on June 4, 2025, reaching a high of ₹5,428.00 before closing at ₹5,409.50, marking a 0.48% gain from the previous close of ₹5,383.50.
- Trading Range & Volume: The day’s price fluctuated between ₹5,361.50 and ₹5,428.00, with a total traded volume of 5.44 lakh shares and a turnover of ₹294.59 crore. The VWAP (Volume Weighted Average Price) for the session stood at ₹5,406.60.
- Market Capitalisation: IndiGo’s total market capitalisation touched ₹2.09 lakh crore, reinforcing its strong standing in the aviation sector. Free float market cap stood at ₹1.05 lakh crore.
- Volatility & Liquidity: Despite an annualised volatility of 35.54%, investor confidence remained intact, supported by robust fundamentals and liquidity (impact cost: 0.02%). The stock’s Beta was recorded at 0.96, suggesting moderate market sensitivity.
Valuation Metrics:
- TTM EPS: ₹187.83 (down 11.25% YoY)
- P/E Ratio: 28.78 (aligned with the sector average of 28.79)
- P/B Ratio: 54.96
- Dividend Yield: 0.19%
- Book Value Per Share: ₹98.37
52-Week Range: ₹3,780.00 (Low) – ₹5,665.50 (High)
All-Time Range: ₹691.00 (Low) – ₹5,665.50 (High)
Liquidity Indicators:
- Bid/Ask Spread: ₹5,404.00 / ₹5,407.70
- 20-Day Avg Volume: 14.05 lakh shares
- 20-Day Avg Delivery: 127%
Q4 FY25 Financial Performance
Indigo reported a robust set of numbers for the quarter ended March 31, 2025. The airline clocked record revenues and profits amid rising travel demand and efficient cost management.
| Quarter Ended | Total Income (₹ lakh) | Net Profit (₹ lakh) | EPS (₹) |
|---|---|---|---|
| March 2025 | 23,10,510 | 3,07,340 | 79.54 |
| December 2024 | 22,99,420 | 2,44,200 | 63.21 |
| September 2024 | 17,76,010 | -98,880 | -25.60 |
| June 2024 | 20,25,040 | 2,72,670 | 70.64 |
The March quarter saw the company surpass ₹3,000 crore in net profit, driven by record passenger load factors and cost optimization initiatives. Compared to the loss in Q2 FY25, the full-year recovery has been notable.
Shareholding Structure
The promoter group held 49.27% of the equity as of March 31, 2025, while the remaining 50.73% was with public shareholders. This broad base of public ownership underscores the company’s appeal to both institutional and retail investors.
| Category | Shareholding (%) |
|---|---|
| Promoters | 49.27 |
| Public | 50.73 |
| Employee Trusts | 0.00 |
The company continues to maintain a strong governance framework, as reflected in its consistent board disclosures and shareholder engagement practices.
IndiGo reported its highest-ever quarterly profit in Q4, driven by improved yields, increased capacity, and a spike in pilgrimage and seasonal travel.
What Does the Company Say?
CEO Pieter Elbers recently hinted at further fleet expansion and enhanced international connectivity. The Q4 earnings call noted that the company is actively leveraging demand surges and strengthening its regional footprint. With macro factors like lower crude prices, stable forex, and festival-driven travel expected to continue, the company’s profitability outlook remains optimistic for FY26.
Investor Takeaway
While the ESOP allotment alone doesn’t materially impact the company’s fundamentals, its timing, post a record quarter, and amid soaring stock price, underscores IndiGo’s long-term vision. It signals a strong internal belief in future performance and aligns employee interest with shareholders.
Backed by solid financials, rising demand, and aggressive expansion, IndiGo remains a key player to watch in the aviation sector, both for growth investors and institutional funds.
REF: https://nsearchives.nseindia.com/corporate/Indigo1_04062025103646_Disclosure_Allotment_04062025.pdf
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