Founded in 1945, Wipro Limited stands as a prominent technology services and consulting entity.
Originating as a vegetable oil manufacturer nestled in Amalner, a quaint town in western India, Wipro subsequently diversified into producing soaps and various consumer care goods. Transitioning into the realm of Indian IT during the early 1980s, the company ventured into the manufacturing and distribution of minicomputers. In the 1990s, Wipro expanded its horizons by delivering software services to a global clientele.
In 2013, Wipro embarked on a strategic course, divesting its non-IT diversified ventures and channeling its focus exclusively towards the global information technology sector.
The company’s extensive array of services encompasses Cloud consulting, Cybersecurity, Data & Analytics, Digital Marketing & Interaction, Engineering Infrastructure, Artificial & Augmented Intelligence, Business Process Outsourcing, and Design & Experience, among a host of others.
Distinguished by a multitude of awards and accolades, Wipro’s accomplishments are noteworthy. Its inclusion in the Dow Jones Sustainability Index (DJSI), reception of the Silver Class Sustainability Yearbook Award in 2021, attainment of a Gold sustainability rating from Ecovadis, and certification as a Great Place to Work (GPTW) in India in 2022 stand as a testament to its recognition. The company’s remarkable achievements extend to being ranked among India’s Best Companies to Work for in 2022, securing a spot as one of India’s Best Employers Among Nation-Builders 2022 by the GPTW institute, and more.
Wipro Ltd. Stock Quote #
- Open: ₹417.10
- High – Low: ₹420.80 – ₹415.55
- Previous Close: ₹417.80
- Total Traded Value: 49,50,822
- 52 Weeks High: ₹444.90 (Aug 17, 2022)
- 52 Weeks Low: ₹352.00 (Apr 17, 2023)
- Updated On: Aug 10, 2023 4:00 PM
Wipro Buyback 2023 Detail #
| Issue Period | Jun 22, 2023 – Jun 30, 2023 |
| Security Name | Wipro Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 269,662,921.00 |
| Issue Size (Amount) | ₹12,000.00 Crores |
| Buyback Price | ₹445 per share |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
Wipro Buyback 2023 Issue Timetable #
| Last Date to buy shares | Jun 15, 2023 |
| Record Date | Jun 16, 2023 |
| Offer Opens On | Jun 22, 2023 |
| Last Date for receipt of Tender Forms | Jun 29, 2023 |
| Offer Closes On * | Jun 30, 2023 |
| Finalisation of Buyback Acceptance | Jul 5, 2023 |
| Last Date for settlment of bids | Jul 6, 2023 |
| Last Date for Extinguishment of Shares | Jul 17, 2023 |
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 62 Equity Shares out of every 265 Fully paid-up Equity Shares held on the Record Date. | 40,449,439.00 |
| General Category for all other Eligible Shareholders | 26 Equity Shares out of every 603 Fully paid-up Equity Shares held on the Record Date. | 229,213,482.00 |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-18 | 76,064.00 | 54,635.90 | 8,008.10 | 48,534.60 | 13,825.90 |
| 31-Mar-19 | 83,317.10 | 58,906.00 | 9,003.10 | 57,075.30 | 9,946.70 |
| 31-Mar-20 | 81,278.90 | 61,340.10 | 9,721.80 | 55,933.30 | 5,886.00 |
| 31-Mar-21 | 82,732.20 | 62,242.50 | 10,794.60 | 55,459.30 | 10,451.40 |
| 31-Mar-22 | 107,505.40 | 79,528.90 | 12,219.10 | 65,867.30 | 17,592.90 |
| 31-Mar-23 | 117,582.20 | 282.20 | 37.60 | ||
| Amount in ₹ Crore | |||||
Stock price at BSE (in preceding 3 months) #
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| May-2023 | 405.95 | 379.00 | 389.50 |
| Apr-2023 | 388.00 | 351.85 | 370.38 |
| Mar-2023 | 413.00 | 355.00 | 375.75 |
Stock price at NSE (in preceding 3 months) #
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| May-2023 | 406.00 | 379.00 | 389.52 |
| Apr-2023 | 388.00 | 352.00 | 370.40 |
| Mar-2023 | 396.65 | 355.00 | 375.71 |
Necessity of the Issue #
The Buyback is being undertaken for the following reasons:
- The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares.
- The buyback consists of a 15% reservation for the small shareholder. The company believes that this reservation for small shareholders would benefit a large number of public shareholders who would get classified as “small shareholders”.
- The buyback may help in improving return on equity, and reduction in the equity base, thereby leading to a long-term increase in shareholders’ value.
- The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer.
Wipro Buyback 2023 Documents #
Company Contact Information #
Doddakannelli,
Sarjapur Road
Bengaluru – 560 035Phone: +91 (80) 46827999
Email: info@wipro.com
Website: http://www.wipro.com
Wipro Buyback 2023 Registrar #
- Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.Phone: 04067162222, 04079611000
Email: wipro.buyback2023@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
