The Wipro Buyback 2023 date has been Recorded on June 16
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.
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Bidding Dates
Record Date June 16
Buyback Price
₹445 per equity share
Face Value
₹2 per share
Offer Closes On
June 30, 2023
Wipro Buyback Price
The Wipro Buyback 2023 price is ₹[445 per equity share ].
IPO 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 IPO 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
Wipro Limited is an Indian multinational organization headquartered in Bengaluru that offers a wide range of information technology, consulting, and business process services. For a range of industries, including personal care, healthcare, lighting, furniture, pharmaceuticals, semiconductors, natural resources, and more, they provide digital strategy, IT services, IT consulting, business consulting, and other services. The business has a presence abroad and conducts business in numerous nations.
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.
Registrar Info
| Name | KFin Technologies |
| Phone number | 040-67161500 |
| Email ID | einward.ris@karvy.com |
| Website | www.kfintech.com |
Contact Details
| Name | Wipro Limited |
| Phone number | 080-28440011 |
| Email ID | info@wipro.com |
| Website | www.wipro.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO 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.
