Delhivery has granted 1,00,360 stock options to eligible employees under its Employee Stock Option Plan 2012 (ESOP 2012), according to a filing with stock exchanges. The company made the grant effective May 1.
Furthermore, the company’s board approved the grant on May 4. Each stock option converts into one fully paid-up equity share with a face value of Re 1, and the company has set the exercise price at Re 1 per share. Meanwhile, the stock closed at ₹467.30 on Monday on the BSE, reflecting current market valuation.
Out of the total allocation, the company will vest 88,360 options over four years. Specifically, it will vest 10 percent after 12 months, 30 percent after 24 months, and 15 percent every six months thereafter, as stated in the filing. In addition, the remaining 12,000 options will follow a different vesting schedule, with 40 percent vesting after 12 months and 15 percent every six months subsequently.
Moreover, the company will issue newly allotted shares without any lock-in period, and these shares will rank equally with existing equity shares from the date of allotment.
ESOPs continue to serve as a key strategy for new-age companies to retain talent, drive employee engagement, and enable wealth creation through equity participation. In line with this trend, the Gurugram-based logistics firm has consistently issued ESOP grants, including a similar allocation in April.
At the same time, several prominent startups have adopted similar strategies. Companies such as Paytm, Ather Energy, Groww, and Unacademy have recently granted stock options to employees, thereby reinforcing the growing importance of ESOPs in India’s startup ecosystem.
Delhivery continues to leverage ESOPs as a strategic tool to attract and retain talent while aligning employee incentives with long-term business growth. As competition intensifies across sectors, structured equity compensation plans remain critical for sustaining workforce motivation and driving organizational performance.
