Swiggy's Employee Stock Option Plan make it's employee Crorepati. 

Swiggy is a benguluru based  food delivery company. Which made its stock market debut on November 13, it is reported that 500 of its employees are likely to become Crorepatis through ESOPs ( Employee Stock Option Plans).  Swiggy's IPO is not only one of the biggest step taken recent year but it is also set to make a significant impact on the lives of the employees of the company.                                                            

The total Employee Stock Option Plan pool is worth Rs.9000 crore, with 5000 past as well as present employees holding them. 

      Swiggy's Shares were listed at Rs.420 on the National Stock Exchange (NSE), reflecting 7.7% premium over the issue price of Rs.390. Whereas on the Bombay Stock Exchange (BSE), Swiggy's shares opened at Rs. 412, Marking an increase of 5.64% form the IPO price.   

swiggy makes employee crorepati, through ESOP


What is an Employee Stock Ownership Plan (ESOP)?

An Employee Stock Option Plan (ESOP) allows companies employees to acquire ownership in their company through stock. These shares are offered at a  lower price than the current market price, means in discount rate. The primary goal of Employee Stock Option Plan is to foster their commitment and loyalty. ESOPs are typically granted on behalf of an employee's tenure and performance. 


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