Wipro Buyback 2020 Review

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Wipro Ltd, IT software service company has announced its share buyback for the year 2020. This is the 2nd buyback from Wipro in the last two years. In 2019 also Wipro has done the buyback of Rs 10,500 [email protected] Rs per share.

Current Wipro buyback is bit lesser in size from previous year buyback. The size of buyback is Rs 9,500 Cr. The company has announced to repurchase 23.75 cr shares which are 4.16% of the total paid-up equity @ Rs 400 per share. The price of the buyback is 6.6% premium to the previous closing day of the announcement date.

What is Wipro Ltd Buyback details?

Below is the complete details about Wipro Ltd Buyback. Record date, buyback open and close dates are announce in below section.

    Buyback Type: Tender Offer
    Buyback Offer Amount: Rs 9500 Cr
    Buyback Number of Shares: 23.75 Cr
    Buyback Price: Rs 400
    Buyback Offer Size (In %): 4.16%
    Total Share Capital: Rs 214,739.86 Cr
    Face Value: 2 Per Equity Share
    Buyback Offer Size (In %): 4.16%

Can I Invest today to participate in Wipro Ltd buyback offer? No

What are Wipro Ltd Buyback Important Dates?

In this section we have covered all important dates related to Wipro Ltd Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.

    Wipro Ltd buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 13th Oct 2020
    Buyback Approval date 13th Oct 2020
    Public Announcement of Buyback 13th Oct 2020
    Record Date 11th Dec 2020
    Buyback opens on/Buyback Opening Date 29th Dec 2020
    Buyback closes on/Buyback Closing Date 11th Jan 2021
    Cut-off date to receive completed tender forms by Registrar 13th Jan 2021
    Cut-off date for verification by the Registrar 19th Jan 2021
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    19th Jan 2021
    Last date of settlement of bids on the stock exchange 20th Jan 2021
    Last date to return unaccepted shares by Registrar 20th Jan 2021
    Last date of extinguishment of Equity Shares 27th Jan 2021

Wipro Ltd Share Holding Pattern as of June 2020

Stock Holding table gives a clear picture on retail investor holdings of Wipro Ltd shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.

    Holding Type In %
    Promoter-Foreign 0.0%
    Promoter-Indian 74.02%
    Non-Promoter-Institutions 15.46%
    Non-Promoter-Non-Institutions 10.52%

Wipro Ltd Draft Letter of Offer >>Document

Wipro Ltd Letter of Offer >>Document

Wipro Ltd Ratio of Buyback

    For Buy back shares holders are divided in 2 categories:

    • Reserved category for Small Shareholders ("Reserved Category") - Who holds Max Rs 2 Lakhs worth of shares @Rs 353.50 per equity share - in such case Max 565 Equity Shares as of Record Date 11th Dec 2020.
    • General category for all Shareholders other than Small Shareholders ("General Category")

    Wipro Ltd Ratio of Buy Back

    Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
    Reserved Category 29 Equity Share out of every 62 fully paid-up Equity Share held on the Record Date. 46.80
    General Category 46 Equity Share out of every 1285 fully paid-up Equity Share held on the Record Date. 3.58%

Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.

Current and Upcoming Buybacks Key dates

The table below will give you a complete dashboard view for all open buyback offer in current market.

Current and Upcoming Buybacks Key dates
Company NameBuyback TypeOffer AmountBuyback PriceCMPRecord DateBuyback Open DateBuyback End Date
Garware Technical Fibres LimitedTender Offer72.99 Cr23002202.50 (-0.59%)11-12-2020TBDTBD
Jullundur Motor Agency (Delhi) LimitedTender OfferRs 26.82 Cr3634.35 (2.38%)24-12-2020TBDTBD
Engineers India LimitedTender Offer586.90 Cr8479.80 (0.00%)01-01-2021TBDTBD
Industrial & Prudential Investment Co. LtdTender OfferRs 8.34 Cr1,2001128.35 (2.03%)01-01-2021TBDTBD
Indian Toners and Developers LimitedTender Offer36.98 Cr160138.85 (-4.93%)15-01-2021TBDTBD
NIIT LimitedTender OfferRs 237 Cr240202.35 (-0.54%)TBDTBDTBD

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Detail Article on Benefit from buyback offer >> Read

Wipro Ltd Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Wipro Ltd? How can I apply in Wipro Ltd Buyback offer?

Company Contact Information

Wipro Limited
Doddakannelli,
Sarjapur Road
Bengaluru - 560035
India

Registrar Contact Information

Request call back from

Last Updated on 2020-12-23T22:21:37+00:00


Buyback FAQs

  1. 1. What is the record date for Wipro Ltd buyback offer?

    The Record Date for Wipro Ltd Buyback offer is 11th Dec 2020

    Which means you should hold the Wipro Ltd share in your demat account by closing session of 11th Dec 2020. Share purchased on and before (11th Dec 2020) - 2 business days will be available in your demat account by 11th Dec 2020.

     

     

  2. 2. How much I can make with Wipro Ltd buyback offer?

    Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Wipro Ltd shares at ₹375 and buyback offer price is ₹400, you can get ₹25 per accepted share. If you hold 533 shares of Wipro Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 176 to 266 shares with the gain from buyback of ₹4400 to ₹6650.

    The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.

    Wipro Ltd Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%176₹4400
    50%266₹6650
    75%400₹10000
    100%533₹13325

     

     

  3. 3. How to Participate in Wipro Ltd buyback offer?

    Steps to participate in Wipro Ltd buyback:

    1. On Record date (11th Dec 2020) you must have share of Wipro Ltd in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
    2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
    3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

     

     

  4. 4. How many Wipro Ltd share are eligible for buyback?

    Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.

     

     

  5. 5. When I will know how much shares accepted in Wipro Ltd buyback offer?

    As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before 20th Jan 2021.

     

     

  6. 6. When I need to tender Wipro Ltd share for buyback?

    Buyback opening date for Wipro Ltd: 29th Dec 2020

    Buyback closing date for Wipro Ltd: 11th Jan 2021

    This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by 13th Jan 2021.

     

     

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User Comments

avatar
2. ABHA JAIN  1/1/2021 5:53:36 PM Reply
SIR
I HAVE 55 SHARES OF WIPRO ON RECORD DATE AND 25 SHARES ARE ACCEPTED FOR BUY BACK. I RECEIVED A SMS MESSAGE FROM MY BROKER FOR CONSENT OF BUY BACK. I FILL THAT AND SENT BACK TO THE BROKER. JUST AFTER FEW MINUTES I RECEIVED MESSAGE THAT " WE HAVE RECEIVED YOUR CONSENT FOR NOT PARTICIPATING IN BUY BACK OFFER. PERHAPS YHIS IS DUE TO MISTAKE. I WANT TO PARTICIPATE IN THE OFFER PLEASE ADVISE WHAT TO DO
avatar
1. Ashok kumar handa  12/25/2020 11:35:37 AM Reply
Sir, i had 100 wipro shares as on 11 Dec ( record date). So entitlement comes to about 46 shares. Houever i sold all on 23 dec. Now can i buy 50 from the market and offer them in buy back.
avatar
3.1. Vinay Jain  12/26/2020 1:03:55 PM
Yes, you can buy and tender your shares before the buyback close. You can tender any number of shares i.e in your case 100 shares. As per current AR, you can tender 46 shares, this is the minimum number. The possibility is your 100 shares will be accepted in the buyback.

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