Incorporated in 1945, Wipro Limited is a technology services and consulting company.
The company began as a vegetable oil manufacturer in Amalner, a small town in western India, and later moved into the manufacture of soaps and other consumer care products. In the early 1980s, the company entered the Indian IT industry by manufacturing and selling minicomputers. In the 1990s, the company began offering software services to global customers.
In 2013, Wipro separated its non-IT diversified businesses and focused entirely on its global information technology business.
The company’s services list includes Cloud consulting, Cybersecurity, Data & Analytics, Digital Marketing & Interaction, Engineering Infrastructure, Artificial & Augmented Intelligence, Business Process Outsourcing, and Design & Experience among others.
The company has received many awards and recognitions. It was included in the Dow Jones Sustainability Index (DJSI), received the Silver Class Sustainability Yearbook Award in 2021, received a Gold sustainability rating from Ecovadis with a score in the 95th percentile across all companies in the sector assessed globally, was certified as a Great Place to Work (GPTW) in India in 2022 ranked among Top 50 India’s Best Companies to work for 2022, and named as one of India’s Best employers Among Nation-Builders 2022 by the GPTW institute, and so on.
Wipro has over 240,000 employees and business partners across 66 countries.
Wipro Ltd. Stock Quote & Charts
₹415.15
2.10 (0.51%)
- Open: ₹413.25
- High – Low: ₹416.20 – ₹409.50
- Previous Close: ₹413.05
- Total Traded Value: 28,96,090
- 52 Weeks High: ₹444.90 (Aug 17, 2022)
- 52 Weeks Low: ₹352.00 (Apr 17, 2023)
- Updated On: Aug 14, 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 |
* Last Date to Tender shares on Zerodha : Jun 28, 2023
Buyback Ratio
| 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
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Company Contact Information
Wipro Limited
Doddakannelli,
Sarjapur Road
Bengaluru – 560 035
Phone: +91 (80) 46827999
Email: info@wipro.com
Website: http://www.wipro.com