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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 Cr@325 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.
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 |
Can I Invest today to participate in Wipro Ltd buyback offer? No
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.
| 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 |
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 Post Buyback Public Announcement >>Document
| 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% |
For Wipro Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 404.21%, No. of Equity Shares reserved in Buyback was 20,18,75,000 where valid bid received for retail category was 81,60,07,397 which is 404.21% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 6.24%, No. of Equity Shares reserved in Buyback was 3,56,25,000 where valid bid received for retail category was 22,24,522 which is 6.24%. Final Acceptance Ratio for Retail Investors was 100%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
| Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
|---|---|---|---|---|---|---|---|
| Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 985.20 (6.44%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 169.05 (2.45%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 296.25 (-0.60%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 462.10 (0.35%) | 22-04-2024 | TBD | TBD |
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?Last Updated on 2021-01-25T21:28:33+00:00
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