By Prashant Marathe | EduInvesting | 23 May 2025
📌 At a Glance
Max Estates (yes, the real estate arm of the Max Group you vaguely remember from your insurance ads) just announced a juicy new ESOP package:
| 🎯 Metric | 📊 Value |
|---|---|
| 🔢 Total Stock Options Granted | 3,99,742 |
| 💸 Exercise Price | ₹233 per share |
| 💼 Plan Name | Max Estates Employee Stock Option Plan 2023 |
| 🗓️ Vesting Schedule | Over 4 years (25% each year from May 2026–29) |
| ⏳ Exercise Window | 2 years post vesting |
| 💥 CMP | ₹483.55 (as of May 22) |
| 💹 Daily Move | ⬆ +4.97% |
So… if you’re one of the employees getting these options — congrats, you’re in the money 🤑.
📈 What’s Actually Happening?
Max Estates just granted 3.99 lakh stock options to its employees. Each option gives the right to buy 1 share at ₹233, which is about 52% cheaper than the current market price of ₹483.
That’s like getting a secret coupon for discounted shares — and if the stock rallies (as real estate stocks love to do during bull runs), the upside could be massive.
📅 Vesting Timeline: Slow and Steady Wins the Equity
Here’s how the vesting works:
| 📆 Year | 📦 % Vested | 🪙 When You Can Exercise |
|---|---|---|
| May 2026 | 25% | Till May 2028 |
| May 2027 | 25% | Till May 2029 |
| May 2028 | 25% | Till May 2030 |
| May 2029 | 25% | Till May 2031 |
So it’s designed for long-term retention. Golden handcuffs, as HR likes to call it.
💼 What is Max Estates Again?
If you’ve forgotten — Max Estates is:
🏢 A commercial + luxury real estate developer
🧱 Known for Max Towers (Noida) and Max Square
📈 A spin-off from the larger Max Group empire
It’s been quietly growing its portfolio, focused on Delhi-NCR Grade-A commercial space, residential launches, and estate leasing.
🧠 EduInvesting Take
This ESOP grant signals:
✅ The company is confident about long-term growth
✅ Wants to retain high-performing employees
✅ Expects stock price to outperform ₹233 in coming years
If you’re an investor — this means the management sees value creation ahead.
If you’re an employee — you’re getting a payday roadmap to 2030.
Also… the 4.97% surge in share price right after the announcement? That’s the market cheering the plan.
📦 TL;DR
- 3,99,742 ESOPs granted at ₹233
- Current CMP: ₹483.55 (over 2x)
- Vesting: 4 years, with 2-year exercise period per tranche
- Plan aligned with SEBI 2021 ESOP Regulations
- Part of Max Estates’ strategy to retain top talent and ride real estate boom
🏷️ Tags:
Max Estates ESOP 2025, Max Estates Share Price, Max Group Real Estate, Max Towers Noida, Employee Stock Option Scheme India, SEBI ESOP Regulations 2021, Max Estates Stock Split, Max House Okhla
