Wipro Buyback 2023 Record Date, Buyback Price, Entitlement Ratio

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Last updated on June 28, 2023

Wipro Buyback 2023

Wipro Buyback 2023 description – Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging its holistic portfolio of capabilities in consulting, design, engineering, and operations, the company helps clients realize their ambitions and build future-ready, sustainable businesses.

The company’s recognized capabilities across 26 industry segments in digital strategy, Wipro FullStride cloud services, engineering, AI, and cybersecurity, have established it as a trusted leader in orchestrating transformation.

Wipro is the fourth largest Indian player in the global IT services industry behind TCS, Infosys, and HCL Technologies. It has over 250,000 dedicated employees serving clients across 66 countries.

Wipro Buyback

Wipro Share Buyback 2023 Details

Wipro Buyback Dates22 – 30 June 2023
Wipro Buyback Price INR 445 per share
Market Price on Buyback ApprovalINR 374.35 per share
Buyback Premium on Market Price18.87%
Buyback Offer Size (Shares)26,96,62,921 share
Buyback Offer Size (Amount)INR 12,000 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 2 per share
Listing AtBSE, NSE

Wipro Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal23 April 2023
Buyback Approval Date27 April 2023
Public Announcement of Buyback5 June 2023
Wipro Buyback Record Date16 June 2023
Buyback Opening Date22 June 2023
Buyback Closing Date30 June 2023
Cut-off Date to receive completed tender forms by Registrar30 June 2023
Verification Date by the Registrar4 July 2023
Return of unaccepted shares by Registrar7 July 2023
Extinguishment of accepted shares18 July 2023

Wipro Buyback 2023 Documents

Letter of Offer
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback


Wipro Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)
62/26523.40
General category
(for all other Eligible Shareholders)
26/6034.31
* Calculated by IPO Central based on latest retail shareholding pattern

Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.


Wipro Financial Performance

FY 2020FY 2021FY 2022
Revenue61,137.661,943.079,312.0
Total Expenses51,613.650,435.766,238.1
Net income 9,768.910,86812,237.7
Figures in INR crore unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR 2,00,000
Buyback price per shareINR 445
Maximum shares for small shareholder (2,00,000/445)450 shares *
Closing price of stock as on 27 April 2023INR 374.35**
Maximum amount invested in buyback (INR 374.35 x 450 shares)INR 1,68,457.5
* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

Wipro Buyback Profit Guidance

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
450106106 (100%)7,488.94.45
450106212 (200%)14,977.88.89
450106318 (300%)22,466.713.34

Registrar of Wipro Buyback 2023

KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone: +914067162222
Email: [email protected]
Website: www.kfintech.com


Manager of Wipro Buyback 2023

JM FINANCIAL LIMITED
7th Floor, Cnergy, Appasaheb Marathe Marg,
Prabhadevi Mumbai – 400 025
Phone: +91 22 6630 3030
Email[email protected]
Website: www.jmfl.com


Process to Participate in Wipro Buyback

All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.

The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.

The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.


Frequently Asked Questions

What are Wipro buyback dates?

Wipro share buyback opens on 22 June 2023 and closes on 30 June 2023.

Which type of buyback is Wipro buyback offer?

Wipro buyback is a tender offer.

What is Wipro buyback price?

Wipro’s buyback price is INR 445 per share.

What is Wipro buyback record date?

Wipro’s buyback record date is 16 June 2023.

How to participate in Wipro share buyback?

Wipro share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.

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