Wipro Ltd Buyback 2019

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Wipro, an Indian multinational corporation is one of the leading global IT, consulting and business process service companies. It was founded in the year 1945 by Mohamed Premji as "Western India Vegetable Products Limited”, which was later abbreviated to “Wipro”. The company offers multiple services including Data, Analytics & AI Applications, Digital Operations and Platforms Consulting, Cloud & Infrastructure Services, and Product Engineering Consulting. Besides all these, it has also set up its business in multiple sectors to provide the best professional services to its customers.

The mission of Wipro is to be a global and responsible part of the world which is passionate to provide success to its clients by its excellent services. The company is listed with Bombay Stock Exchange as well as National Stock Exchange in India. The American Depositary Shares of Wipro are also listed at the NYSE since October 2000. It had been recognized as one of the most ethical companies by US-based Ethisphere Institute.

What is Wipro buyback offer?

"Wipro Buyback 2019" Latest Update

Apr 16th, 2019: Wipro Ltd (BSE:507685 | NSE:WIPRO) board has approved a proposal for buyback of up to 33.30 Cr shares at Rs 325 per share, aggregating Rs 10,500 Cr (Buyback Offer Size) which is 3.69% of total paid-up equity share capital.

Wipro had performed buyback last year in Jul-2017 and completed the process by Dec-2017 worth of Rs 11,000 Cr. Buyback price was 320 almost same as current buyback price. Retail acceptence ratio was 100%. As this time volume is bit higher from last buyback and number of shares are also high, we expect in retail segment it must be between 80 to 100%.

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 10500 Cr
    Buyback Number of Shares: 32.30 Cr
    Buyback Price: Rs 325
    Buyback Offer Size (In %): 7.14%
    Total Share Capital: Rs 166355.60 Cr
    Face Value: 2 Per Equity Share

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

Review & Recommendation

We recommend going for "Wipro Buyback" as acceptance ratio for the retail investor will be between 40 to 60%. We rated Wipro Buyback as 4.5/5 - Good.Existing investor must have to take this opportunity to book profit, new retail investor can also buy for short term gain.

Rating

Poor (<10% AR),Fair (Bw 11 to 30% AR), Average (Bw 30 to 60% AR), Good (Bw 60 to 90% AR),Excellent (>90% AR)

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 10th Apr 2019
    Buyback Approval date 10th Apr 2019
    Public Announcement of Buyback 10th Apr 2019
    Record Date 21st Jun 2019
    Buyback opens on/Buyback Opening Date 14th Aug 2019
    Buyback closes on/Buyback Closing Date 28th Aug 2019
    Cut-off date to receive completed tender forms by Registrar 6th Aug 2019
    Cut-off date for verification by the Registrar 6th Sep 2019
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    9th Sep 2019
    Last date of settlement of bids on the stock exchange 9th Sep 2019
    Last date to return unaccepted shares by Registrar 9th Sep 2019
    Last date of extinguishment of Equity Shares 16th Sep 2019

Wipro Ltd Share Holding Pattern as of Mar 2019

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 76.02%
    Non-Promoter-Institutions 15.43%
    Non-Promoter-Non-Institutions 23.52%

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 285.85 per equity share - in such case Max 699 Equity Shares as of Record Date 21st Jun 2019.
    • 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 71 Equity Share out of every 169 fully paid-up Equity Share held on the Record Date. 42.01
    General Category 52 Equity Share out of every 1121 fully paid-up Equity Share held on the Record Date. 4.64%

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

Post buyback comments Wipro Ltd

    For Wipro Ltd Buyback Offer, Report updated by the manager of buyback -

    In general category - response received 1701%, No. of Equity Shares reserved in Buyback was 274615384 where valid bid received for retail category was 4670150622 which is 1701% oversubscribed.

    In Reserved category for Small Shareholders (Retail) - response received only 187%, No. of Equity Shares reserved in Buyback was 48461539 where valid bid received for retail category was 90601525 which is 187%. Final Acceptance Ratio for Retail Investors was 42.01%.

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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
Bangalore - 560 035
India

Registrar Contact Information

JM Financial Institutional Securities Limited,
7th Floor, Cnergy,
Appasaheb Marathe Marg,
Prabhadevi, Mumbai 400 025
India
Request call back from

Last Updated on 2019-11-15T21:49:17+00:00


Reference Topics


User Comments

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5. Jayesh  9/16/2019 10:49:32 AM Reply
The final Acceptance ratio for Retail Investor is 58%. An investor who tender 660 shares, 382 accepted in Wipro Buyback.
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4. Sachin Dad  8/23/2019 4:49:54 PM Reply
Wipro buyback Final Update for Buyback Tender
Tendering date-14-28th August
If any investor sold his holding after the record date, he can purchase up to Monday 26th August last and tender them for buyback, to avoid any short delivery problem you should purchase up to 23rd August Friday.
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3. Sachin Dad  7/19/2019 10:54:25 PM Reply
SEBI has raised some Buyback Tax query against Wipro Possible further delay now.
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2. Vijay Jain  4/26/2019 9:40:41 PM Reply
If 65% acceptance ratio will come then remaining share costing will be 230.
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2.1. Neha K  5/10/2019 11:11:28 AM
if the acceptance ratio is going to be 65%, what will do with remaining share. Shell we tender all the shares or just tender given amount of shares in the tender letter.
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2.2. CA Vipul  5/10/2019 11:21:08 AM
I am assuming after the record date share price of Wipro will fall to 260. If you buy above 290 level you will not get any benefit of buyback assuming AR is 50% for retail category. To be in safe side buy below 285 level. My personal assumption is near the record date price will be Rs 300. If the price will go above 300, I am planning to exit. Don't see any big money with Wipro Buyback.
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2.3. Rajiv Malhotra  5/14/2019 10:05:10 PM
Hello Sir, today Wipro reached 281, can we buy or wait to participate in the buyback. Please advice.
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1. Sachin   4/28/2019 5:15:15 PM Reply
When is the record date for Wipro buyback is going to announce?
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6.1. Buyback Investor  5/10/2019 11:06:57 AM
The record date for Wipro buyback is not yet announced, usually, it will take 4 weeks after the buyback announcement. We are expecting this will announce in 1 week of June. This depends on SEBI approval and paperwork. Will update you once the date will announce.
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6.2. Vaibhav S  5/10/2019 11:36:29 AM
The postal ballot voting ends on 1st July, so record date is going to be announced after 3rd July. Till that time general election results will also declare. So wait for any dip and try to accumulate Wipro in the rages of 270 to 285. Then only you will get some benefit from Buyback.






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