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Wipro Limited (BSE:507685, NSE:WIPRO) is taking shares from investors via Buyback Offer. Do you wish to tender your shares for Wipro Buyback Apr 2023? The company has announced a buyback price of Rs 445. Buyback Announced on TBD, the Record Date for the eligible investor is 16-06-2023.
Wipro Limited Buyabck Tender process starts from 22-06-2023 and end on 30-06-2023.
Acceptation Ratio for retail investor (Holding Shares worth of less than Rs 2 Lakhs on Record date) is 23.40%.
The summary report of Wipro Limited buyback contains overview, record date, tender dates, buyback size, buyback price, approximate entry level for new investors, date of extinguishment of Equity Shares, Entitlement Ratio for retail and general category.
Title | Detail |
---|---|
Company Name: | Wipro Limited |
Buyback Type: | Tender Offer |
Offer Amount: | ₹12000.00Cr |
Buyback Number of Shares: | 26,96,62,921 |
Buyback Price: | 445 |
Approx Entry Price: | 385 |
Promoters In: | Y |
Record Date: | 16-06-2023 |
Buyback Open Date: | 22-06-2023 |
Buyback Close Date: | 30-06-2023 |
Payment Date: | 05-07-2023 |
Record Date Price: | 381.3 |
Maximum Retail Quantity: | 524 |
Draft Letter of Offer: | Draft Letter of Offer |
Letter of Offer: | - |
Acceptance Ratio Retail: | 62 Equity Share out of every 265 Fully paid-up Equity Shares held on the Record Date. |
Acceptance Ratio Retail %: | 23.40 |
Acceptance Ratio General: | 26 Equity Share out of every 603 Fully paid-up Equity Shares held on the Record Date. |
Acceptance Ratio General %: | 4.31 |
Final Acceptance Ratio %: | - |
The Record Date for Wipro Limited Buyback offer is 16th Jun 2023
Which means you should hold the Wipro Limited share in your demat account by closing session of 16th Jun 2023. Share purchased on and before (16th Jun 2023) - 2 business days will be available in your demat account by 16th Jun 2023.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Wipro Limited shares at ₹385 and buyback offer price is ₹445, you can get ₹60 per accepted share. If you hold 519 shares of Wipro Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 171 to 260 shares with the gain from buyback of ₹10260 to ₹15600.
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.
% Share Accepted | No of Shared Accepted | Gain from Buyback Offer |
---|---|---|
33% | 171 | ₹10260 |
50% | 260 | ₹15600 |
75% | 389 | ₹23340 |
100% | 519 | ₹31140 |
Steps to participate in Wipro Limited 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.
Buyback opening date for Wipro Limited: 22nd Jun 2023
Buyback closing date for Wipro Limited: 30th Jun 2023
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 .
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 5th Jul 2023.
Buyback opening date for Wipro Limited: 22nd Jun 2023
Buyback closing date for Wipro Limited: 30th Jun 2023
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 .