Wipro Buyback 2023 Record Date, Time, Price & Ratio Details

The Wipro Buyback 2023 date has been Recorded on June 16 2023. Read the post to learn about Wipro Buyback GMP.

On April 27, 2023, Wipro announced a buyback program, with a repurchase deadline set for June 16, 2023. The buyback, authorized by the board of directors, involves fully paid-up equity shares with a face value of 2 each, priced at 445 per share. The aggregate buyback amount is capped at 12,000 crores, conducted through the stock exchange’s Tender Offer process.

Start your investing journey today. Find the latest information on Upcoming Buyback.

Key Details Of Wipro Buyback

Wipro Buyback Price

The Wipro Buyback 2023 price is ₹[445 per equity share ].

Wipro Buyback Overview​

Wipro Limited, the Indian multinational organization headquartered in Bengaluru, has unveiled a comprehensive buyback program 2023. This strategic initiative entails the repurchase of 26,96,62,921 equity shares at a unit cost of ₹445, with the maximum repurchase offer size capped at ₹12,000 crore. To qualify for the buyback, investors are required to purchase 449 shares on April 27, 2023, at the prevailing market price of ₹375. This ensures that an investment of ₹2,00,000 is strategically divided by the buyback price of ₹445, resulting in the acquisition of 449 shares.

Wipro Buyback Date & Price Band Details

Buyback Record Date:	16 June 2023
Buyback Open Date:	22 June 2023
Buyback Close Date:	30 June 2023
Offer Amount:	₹12,000 Crores
Expected Acceptance Ratio:	–%
Number of Shares:	–
Face Value:	₹2 per equity share
Buyback Price:	₹445 per equity share
Buyback Type:	Tender Offer

Wipro Financial Report

₹ in Crores	Revenue	Expense	PAT
2020	₹52,884	₹40,735	₹8,681
2021	₹52,682	₹38,648	₹10,061
2023	₹64,281	₹47,531	₹12,135

Wipro Buyback Acceptance Ratio in 2023

Acceptance Ratio	Investment	Shares Buyback	Profit
33%	₹1,68,539	148	₹10,382
50%	₹1,68,539	225	₹15,730
75%	₹1,68,539	337	₹23,596
100%	₹1,68,539	449	₹31,461

Company Profile​

For its remarkable success, the company has received various accolades and recognitions. It received the Silver Class Sustainability Yearbook Award in 2021 and was added to the Dow Jones Sustainability Index (DJSI). Additionally, the business received a Gold sustainability certification from Ecovadis, placing it in the top 95 percent of all businesses evaluated globally in the same industry. The business was also named one of India’s Top 50 Best Companies to Work for in 2022 and honored as a Great Place to Work (GPTW) in India.

Buyback Strengths

• Experienced promoters and a competent management team.
• Well-established relationships with a loyal customer base.
• Access to markets worldwide, enabling global reach.

Buyback Weakness

• Heavy reliance on customers based in the United States.
• Need to adhere to multiple laws and regulations in these countries to ensure compliance.
• Competition from other players in the market.

Wipro Buyback FAQs