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Wipro Buyback 2019

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. They harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, a strong commitment to sustainability and good corporate citizenship, we have over 160,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.

Buy Back Offer Deal:

Buyback Type:	Tender offer
Buyback Record Date:	Jun 21 2019
Buyback Opening Date:	Aug 14 2019
Buyback Closing Date:	Aug 28 2019
Buyback Offer Amount:	₹ 10500 Cr
Date of Board Meeting approving the proposal:	Apr 16 2019
Date of Public Announcement:	Apr 16 2019
Buyback Offer Size:	5.35%
Buyback Number of Shares:	323076923
FV:	2
Buyback Price:	₹ 325 Per Equity Share

Details of Buyback:

The Board of Directors of the Company at its meeting held on 16.04.2019 has interalia approved a proposal to buy back up to 32,30,76,923 Equity Shares of the Company, being 5.35% of the total paid up equity share capital and free reserves of the Company, for an aggregate amount not exceeding Rs.10500 Crores at Rs. 325 under the "Tender offer" route using the stock exchange mechanism. Promoters have shown interest in participating in the buyback.

Salient financial parameters:

Year	Revenue(Cr)	EBITDA(Cr)	EBITDA Margins	PAT	PAT Margins	EPS
2016	47391	11967	25%	8200	17.30%	18.14
2017	48693	12024	25%	8161	16.76%	18.06
2018	47189	11615	25%	7722	16.36%	17.08

How to Participate in buyback?

1. Firstly to be eligible for the buyback the investor should have shares of Wipro Limited Buyback 2019 in demat or physical form as on record date. [ 21.06.2019] 2. Once you have shares in demat, you can participate in the buyback process which is opening from [ 14.08.2019 to 28.08.2019 ] by selling your shares through your broker on NSE or BSE. 3. Then on [ 09.09.2019 ], the payment will be given to you for accepted shares and unaccepted shares will be returned to your demat account.

Profit from the buyback on the bases of acceptance Ratio:

Buy 615 Shares at CMP of Rs. 280[2,00,000/325=615)

Acceptance Ratio	33%	50%	75%	100%
Amount Invested in Buyback	1,72,307	1,72,307	1,72,307	1,72,307
No. of Shares buyback	202	307	461	615
BuyBack Profit	9090	13815	20745	27675
Profit	5.24%	8.01%	12%	16.06%

Recommendation:

Review and Recommendation of Wipro Ltd Buyback 2019 by IZ team is: 6/10 Fair: 1-5 Good:5-7 Excellent: 7-10 [ Expected AR above 90% ]

863 Comments

I APPLIED BUYBACK @32 SHARES OF WIPRO
BUT I DIDN’T RECEIVE MONEY IN MY BANK A/C & I DIDN’T GET SHARE IN MY DMAT A/C
I have contacted my broker , who informed me to contact Wipro.
How to I get the details of Wipro customer care ? and is that the right way for proceeding for the same ?

Please contact the registrar of Wipro i.e. Karvy.

M/s Karvy Computershare Private Ltd.
Tel: 040-23420818
Fax: 040 23420814
Mr. B. Srinivas / Ms. Rajitha Cholleti
Email: srinivas.b@karvy.com / rajitha.cholleti@karvy.com

and inform us in case you didn’t get any response.

DEAR SIR /MAM

BONANZA DMAT A/C
MY CID. MAI2W079 & PAN NO.ASLPG9208K

I APPLIED BUYBACK @28 SHARES OF WIPRO

BUT I DIDN’T RECEIVE MONEY IN MY BANK A/C & I DIDN’T GET SHARE IN MY DMAT A/C

Please contact the broker.

Kya kere should I sell ya wait

Hi. From 500 shares 264 shares have been accepted from me. But I have not received the money in my bank account or in dp. Contacted Karvy and zeroda. They are saying that they are processing it. I will be getting it in few days. What to do ? Any idea? Kindly suggest

WIPRO SEPTEMBER QUARTER RESULT WILL BE AROUND 24/10/19. NOW I DONT SEE MORE DOWN SIDE FROM HERE.

Well, it is 240 now. Seems, your prediction is not working 🙂

How much down the Wipro share are expected to go ? Can we think of buying some now as a short term investment ?

buy around 220 level.

Kub tuk badega yeah
Khabhi loss luge raha h

Should I sell Wipro 3500 share
What should do

Sell ya wait 300 RS. Purchase

Should have sold at the 250-253 level especially when you have bought only for the buyback.

Azim Premji, promoter entities sold shares worth Rs 7,300 crore during Wipro buyback

Sell or wait??

sell

Now that Post Buyback Announcement is Out the average was 344 shares tendered in the Reserved Category. based on this almost any buyback in future would be heavily subscribed.

Hi….I got the confirmed order number from zerodha regarding my application of 500 shares for buyback. I got confirmation email which is as below but when i checked my demat account today all the 500 shares were back to in my holdings, so i did not got buy back for any of any of the shares. Can anyone tell me why this happened?

Your buyback order for 500 shares of Wipro Ltd has been placed with the following order ID: 201**************

You will receive the credit of funds directly to your bank account by September 09, 2019.

Regards,
Team Zerodha

HAVE YOU RECEIVED THE LETTER OF ER FROM WIPRO ON 3RD AUGUST

after ER got of 252 shares sold 48 shares in both accounts around 255 *96 = 24480 credit please explain it

ER = ENTILTMENT RATIO
After record date sold 300 bcz I was expecting ER about 50% but when ER came 42% at 3rd august in which wipro said 252 shares will be taken for sure, so I sold additional 48 shares 300 -252 = 48
that time wipro share price was 255 so I sold 48 shares in each account. so left with only 252 similar to ER all got accepted in the buyback.
I think you got it.

why my buyback amount not received i have 1100 share applied for buy back still i have not received amount

I have received the amount of 317 shares @ Rs. 325/ and 283 shares back in my Demat A/c.

MY FInal analysis of WIPRO buyback:-
held 600 shares each in 2 accounts in avg. price of 288 *1200 = 345600 debit
sold 300 shares just after record date avg price of 285* 600 = 171000 credit
after ER got of 252 shares sold 48 shares in both accounts around 255 *96 = 24480 credit
applied for 252 shares all got accepted in both accounts. 325 * 504 = 163800 credit
total debit = 345600
total credit = 359280
total profit = +13680
ROC IN 4 Months 3.95 %.

Held 1600 shares in 4 accounts. 400 each @ 289.75. After buyback holding 756 shares. 189 in each account.
Made a realized profit of 29,751
Having an unrealized loss of -25,817.40
Net position today 3933.6 ( Brokrage extra )

What should be the next strategy ??

as you are having huge quantity reduces 25 % now and 25 % around 270 level which is major resistance
you can hold remaining share with 270 as stopp loss on closing basis if it goes above that and exit all-around your cost.
note – wipro has weak performance compare to its peer TCS INFY AND HCL .
so it can take time to achieve that if you don’t have time exit all-around 270 level then also you will be in good profit.

please explain

hi can you explain ER, and how it is helpful in buyback process investor….?
and why all shares of investors are not accepted for buyback…?

I had submitted 300 wipro shares in buyback on 14.8.19.when not received amount till day I rechecked and found that icici direct which showed order successful was subsequently rejected due a technical glitch in ndsl on that day.any remedy?

nothing can be done now as process is competed.
you should have checked before 28 Aug, what you can do is change your broker it is there mistake not nsdl.

I have wipro 290 shares in angel broking and 615 shares in trade bulls
In buyback i give 615 shares of trade bulls in buyback and not give 290 shares wipro of angel account
But only 35 shares accepted in wipro buyback
Can anyone tell me why?

sirji…category to general ho gyi na….bhavve aap shares tender kro ya nhi…2 lac tk ki investment wale bnde ko hi reserved category mein chance milega

290+615 = 905 * 325 = 294125 in one pancard.
so you become HNI. in HNI category AR is around 6% thats why 615 applied 35 accepted.
you should have sold 295 shares before the record date and applied for 615 shares to eligible in retail where AR is 53%.

@market Wizard
What next..
1) should we Avg at lower level with a time horizon of 6-12 months?
2) Exit from remaining stocks?
3) Enter into a new Buyback to gain more profit?
Your opinions are welcome
😁

Non retail ratio

Dear all, received money today at HDFC/icici and yes bank…..

Not credited in SBI

amount credited in sbi A/c just now

When will the remaining shares comes to debat account
When the money will come

You can expect money by today evening.shares will be available since Wednesday if not then sure on Thursday depends on broker.

my broker told me that u can sell it today

You can sell after deposition of share in demat account.

Can I sell the remaing shares on Monday or Do I need to wait till wednesday
I”m holding accounts in zerodha and kotak

Heavy selling pressure will be seen in Wipro from Monday to Wednesday! Most of the retailers will offload their shares starting from Tuesday. Local brokers will start offloading from Monday itself. So be prepared!

Contract Note received for 317 out of 600 tendered.
@53%

I received contract note from my broker for buyback of Wipro shares . 324 shares out of 615 i.e 53% have taken buyback . Now no further doubt in this regard . It is final.

Check Ur accepted Wipro from following link and give me five 🌟

https://karisma.karvy.com/BuybackAcceptanceQuery.aspx

Shares and funds will be credited to Respective Beneficiaries on 09/09/2019👍

WHAT IS THE PROSIGER FOR PREPARING ACCEPTANCE RATIO? CAN ANYBODY TELL?
THERE IS TOO MUCH ASSUMPTIONS ABOUT WIPRO ;AND ADANI PORT.

It is explained in details here go downward and check.

How much you were holding on record date
How many you have applied for buy back ???

600 on record date same appiled for buyback.
out of which 317 taken by company .
prostock mailed me contract note .

out of 600 shares 317 shares accepted i.e. 53 %

06/09/2019 BSE/U078-19 WIPRO -204@325.00 Bill Amt:Rs.66211.36Cr

204 shares accepted out of 387. Got msg from my broker

Just received a message from Upstox. 149 Shares accepted out of 300 Shares. ( AR will be 49.66%)

Correction in above post:

149 shares of Wipro accepted out of 250 shares tendered. ( AR will be 59.6%)

Seeing different figures in a different post. However, your’s seem to be genuine as you get the real message from the broker.

this guy seems to have born with a golden spoon. or maybe the registrar has got scared with his surname:)))

How much you were holding on record date
How many you have applied for buy back ???

Sir
Fir se check kar leve

when the shares will be credited back to our demat? and whats the earliest possible day we can sell those? t+2 applicable here or not?

by Wednesday, I think t+2 not applicable

ideally wipro should have close to 100% AR as shares tendered in retail category was very low at around 1.6 cr shres…

so final AR is out now about 53 % shares accepted.
so, anyone holding 600 shares @ 285 now he has to sell the remaining 283 shares at the current price of 250.
profit of 317 accepted shares 317*40= 12640
loss in 283 remaining share 283*35=9905
final profit = 2735
by looking at this was clear timepass for retail investor blocking 1.75 lac for 4 months.

It’s a loss situation if time value for money is considered

Participate in buyback without hedge is always risky.

MW…please give update regarding final AR…

📌 *WIPRO BUY BACK UPDATE*

📌324 Accepted Out of 615
📌317 Accepted Out of 600
📌343 Accepted Out of 650

disclose the source please

its crap, any 1 holding more than 615 shares wont get counted in retail category and so can not have the above mentioned ratios..

Final AR

343 FOR 650 (52.76%)

Additional 18% shares will be accepted out of Extra shares applied. ENTITLEMENT QTY PLUS ➕ 18% shares of extra qty applied (18% of 58% I. E. 10.44%) . Total 52%

Someone post this same lines on moneycontrol yesterday. You just copy here. Only believe when you got credit msg.

Final AR- 52.73

Final AR- 52.43

r u sure..got mail or what?

100% Sure!

any news yet?

After buyback announced around 7 cr new share holders so it’s clear that AR WOULD BE 60-70%

Exactly …it should be above 60%..As per my calculations :- There were 7.17 crores new shares and 2.45 lakh new shareholders(As quarterly data available ending june 30th) lets assume all 7.17 crs shares were bought for buyback purpose ..Now 2.65 lakh were total bids placed
so 2.65-2.45= .2 lakhs old shareholders tendered their shares
now assuming each of them held maximum limit of 700 shares …that translates to 1.4 crores shares tendered so Total shares tendered=7.17 cr+1.4=8.57crores ..so 4.84 cr/8.57cr=56.4 %AR ..very worst case scenario.Ideally it should be more ..

Forwarded message

The Wipro buyback bill is likely to be around 1pm tomorrow

Shares not accepted in buyback will be returned on Monday

Delivery of the returned stock tomorrow will be due on Wednesday
That is, you will be able to sell the shares that are not in buyback tomorrow

Payment of Wipro A accepted shares in buyback will come to the bank on Monday

What percentage of the shares passed in buyback will be known around 1pm tomorrow so I will send a message immediately so that the increased shares can be sold.

thanks for sharing the logical facts. waiting for final update from your side.

@Market Wizard, Any update ?

Additional 18% shares will be accepted out of Extra shares applied.

ENTITLEMENT QTY PLUS ➕ 18% shares of extra qty applied (18% of 58% I. E. 10.44%) . Total 52%

Why posting such a rumour mssg yet it’s not confirmed than ratio will be between 65-70 % so don’t post any guesses hear

Can you please elaborate the logic. It’s not clear..

Kal sab clear ho jayega

Forwarded message:

*Wipro*
*Market News not confirmed yet*
Wipro

The obligation file will be uploaded on 6th September, payment on 9th September. We will come to know probably by 5th September & officially by 6th

Expected AR around 50 to 55%…..

AR will be 53% means 318 out of 600 not bad guys enjoy !!

my frnd bought wipro shares on 21st aug and tendered shares in buyback…and shares r blocked …hows is it possible

He won’t going to get any shares accepted

HOW FOOL CAN RETAIL INVESTOR WILL BE I SOME TIME THINKS KEPT ON EXPECTING THAT AR WILL BE MORE THAN 75%. I KNOW SOME PEOPLE STILL SAYING AR WILL BE 100% BCZ TCS KA 100 % THA WHAT A LOGIC ?????

Will the money be credited to the bank account, or it will come to the ledger of the trading account ?

directly to bank account

Thanks 🙂

53%AR.. quite disappointing n at the same tym difficult to gulp down..As per number of individual bids minimum 62-63%AR was quite expected…As Market wizard ji also said earlier… lets wait for few hours for the official nos.

Forwarded by Ahmedabad broker

AR not more than 53%

I think it’s very much inline with the current market condition.. share was trading at 30% discount. Definitely people will surrender all the shares to gain the maximum benefit…

ultimate loss

We also received what’s app msg that acceptance ratio will be 53%. But it is look like rumers with entertainment perpose. Waiting for money credit msg.

77% ya 84% wale khaa gye😶

I WONT BE SURPRISE IF IT COMES BELOW 53% ALSO.

Wipro short Kiya Ja Sakta hai.

WHY SIR, JUST BCZ AR WILL BE ON THE LOWER SIDE

Yes, Kal selling aayegi.

see Wipro at 251. I told yesterday to short and earn money.

short means??

Sell

AR 77%

tuka mt maro

The obligation file will be uploaded on 6th September, payment on 9th September. We will come to know probably by 5th September & officially by 6th

What is obligation file? How can we view it? PL. Inform.

When we will get to know about final AR?

around 7 sep

AR 77%

How u know

Thanks

70% should be buy back in retail category

I have also seen some long term investors, who doesn’t care about this buyback deal.
They sit back and let it go.

These people help indirectly in increasing the AR 🤔🤔🙂🙂🙂

sirji…baat thik h aapki..but jitne b shares buyback ke lie tender hue h…uska data aa chuka h…so it dsnt matter that who have tendered shares and who dnt…

The heavy enthusiasm on this board for knowing AR is a very basic proof that AR will less than whatever one expects.

Kya kahna chahte ho bhai

market wizard…in one of ur post u mentioned regarding average tender shares by investors are around 350…but here some guys r saying that its 225 ….clarify please

Pls gives details and give proper calculations
That how AR has been decided

Plz read my post on 28th Aug 2019 for details.

If 2.65lk shrholders tender 225 shr each then
225 – AR 80 %
250- AR 70%
275- AR 65%
300 – AR 60%

please read post of Market Wizard dated 26 aug…he mentioned average of 370 shares per investor…

The average share holding of retail investors is 224. and Hence, assuming same average for the bids recd. from 2.65 lakh share holders, the expected AR is around 81%.

Me & my friend have tendered only 25 shares total out of our two accounts.
We are very small investors. There will be too many micro investors like us.
This will also increase the AR !

Dear Market Wizard, What is your Final Opinion on AR

previous major buyback like TCS , coal india and IOC takes 100 % and wipro also in past take 100 % so why there is too much discussion it will be 100 as per my point of view.

Not at all friend it won’t be 100 %
TCS was trading above buyback prize at the time of buyback date wipro is 30 % discount to buyback prize of 325.

Acceptance Ratio will be 100% as every time AR by company is lower but when tender then all shares are accepted so do not get too much excited and worry it will be 100% forsure. enjoy share buyback of IT major and be relax.

hi
please tell me the ER(ebtitlement ratio) which would be received by email.
thanks
looking for both 2L

ER = 42%
AR to be declared…and as per experts like MARKET WIZARD it is around 60%

11.53cr shrs ÷ 5.15 shr holder= 225approx shr per holder
2.65lk bids× 225shrs= 5.80cr shrs approx
4.85÷ 5.80= 83%. This was my calcultn.
This is true If all hv tendered 225shrs.
Lets hope for the best AR.

MW ..can u pls tell about the impact of CMP on Final AR…how much it can affect the final AR…as u told 60% AR (Assumption)

As far I see minimum 50 % to maximum 55%.

How ? Can u please explain

if Ratio is about 75% then its overall good, finally waiting for 09.09.2019

AR could be in between 80 to 84%.

Wakeup from sweet dream..

Now we have to wait till 09.09.2019.

Forwarded!!

Out of 5,15,732 retail shareholders on record date, bids came for just 2.74 lakh apps

around 10,000 bids r from non-retail category, so retail bids r only 2.64 lakh against 5.15 lakh

Hence around 2.5 lakh shareholders didn’t participated in the buyback, so *safe to assume 60% acceptance in Wipro now*

Good News, sir.

How can we see Number of applicant applied in retail catagory ?

How to check retail participation?? As its show only individual share bids

MW ..can u pls tell about the impact of CMP on Final AR…how much it can affect the final AR…as u told 60% AR (Assumption)

May be around 50%.

AR 65 to 70

WIPRO AR will be below 60%
i think

Final bid at 3.30pm today on BSE is 476,12,69,531=1473.73% i.e. 14.74 times.

IN RETAIL

final AR?

MW pls provide valuable info regarding subscription ..as its last to tender shares

How much individual subscription below 2 lac catagary, both in BSE NSE, which we need to know…

1449.29% @ 3:30 pm today.

Promoters have offered upto 437.14 cr shares. This works out to 94% of the total subscription so far of 460.29 cr shares. So retail quota should definitely get between minimum of 60%. Cud be a bonus if you get close to 70%. Cheers

Total 36 cr share under individual ( above 2 lakh plus below 2 lakh) and 18 cr share tender by individuals

Looking at this the accept ratio should be 42-70 % …

Wipro Update :
2.37 lakh share holder participated in buy-back till now with an avg quantity of 370

Expected AR should come above 60%. All the best to all.

Sir we have 2 more days .. CMP is 249/- and BB Price is 325/-. Almost at 30% discount. I think more people will tender in last 2 days.. Because more than 30% is a big amount.. please give your inputs on the same..

What is the source of this data? Can you also post the link or redirect us to the landing page?

zerodha clients will be able to tender shares on last date…and we all know that zerodha has alot of active clients…

ZERODHA BIGGEST BROKER OF INDIA HAS NOT YET PUT ORDERS ON PLATFORM OF BSE AND NSE SO I THINK 50% IS THE BEST CASE SCENARIO.

Guys you can check our new ventures at http://www.sharetransferzone.com .

Here we are helping people whose money is stuck with IEPF.

So anyone of you having any issue or your friends are facing any issue regarding claim settlement can approach to us.

Apart from IEPF claim we are providing gamut of services like.

1. Demat of Shares.

2. Retreiving of loss shares certificate.

3. Name of legal heir change in share certificate.

4. Succession certificate. Etc

Please share with friends and in group if you feel it might be helpful for other.

Thanks in Advance.

Why suddenly everyone wants to sell Wipro shares? This never happened on any previous buyback.

Abhi toh picture baki hai…wait for 27th…tomorrow..

It keeps going and going, 14.11 times now. This is very sad 🙁

Big fund house, institution and HNI DUMPED…. INDIVIDUAL SHARES ARE STABLE AT 18 CR …

WHat should be acceptance ratio for retail investor???

35-40 % at the most as per current scenario .

Sorry…42-45 % as entitlement itself is 42%…Sorry I overlooked the data.

Now its 13.89 times at 1.30 pm as shown on BSE.

first of all, you should have shares on record date i.e. on 21/06/19
or else you won’t be eligible.
if you had on record date and sold afterwords then its ok you can apply on both the accounts on 27 .

It’s 7.52 time oversubscribed omg what to do now?
Individual investors tendered share on bse as of 26 aug 12:07
1,56,06,85,390
Now it’s looking hard even 50%

Sab kuchh khatam ho gaya lagata hai.

Hi Sir,
I have 2 accounts with 2 different persons PANs, one with Kotak and another with zerodha.
Both I bough shares on 22ndAugust(Thursday) so those shares will come to my account on 26th Augutst EOD.

So, I will see these shares on my account on 27th August.
Do I need to wait to submit OFS till 27th.
Or Can I do now it self(Even though shares are not in my demat account) ??

Please tell me for both zerodha and kotak securities

***NSE DATA***

Sr. No Category No of shares bid for
1 Qualified Institutional Buyers(QIBs) 39,44,688
1(a) Foreign Institutional Investors(FIIs) 92,668
1(b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 38,01,362
1(c) Mutual funds 0
1(d) Others 50,658
2 Non Institutional Investors 1,42,700
2(a) Corporates 1,39,210
2(b) Others 3,490
3 Individual Investors 1,12,18,118
3(a) Individual 1,12,18,118
Total 1,53,05,506

***BSE DATA***

Sr.No. Category No. of shares bid for
1 Qualified Institutional Buyers (QIBs) 5,18,48,467
1(a) Foreign Institutional Investors (FIIs) 2,12,93,514
1(b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 40,34,433
1(c) Mutual Funds 2,51,87,586
1(D) Others 13,32,934
2 Non Institutional Investors 7,95,104
2(a) Corporates 5,31,943
2(b) Others 2,63,161
3 Individual Investors 11,18,28,488
3(a) Individual 11,18,28,488
Total 16,44,72,059

So total buyback tendered as on 25.08.2019 under individual category is close to 12.71 Cr. Now consider 70% retail and 30% HNI among this ( assumption data only), then approximately 8 Cr retail tendered as on date.

So AR accordingly would be somewhere around 50-60% though everything is an assumption.

Hello,

I have a query. I am using Zerodha and I have applied for buyback on 20th Aug. But when I check the status of buyback,it still shows “Pending”. Wanted to check if the buyback has been applied successfully.

Regards
Aman

ZERODHA Punches the order on last day, so don’t worry it will be showing bid received on last day.

Does NSE and BSE current status show shares applied by the promoter too?

No Promoter Holding in BSE.

I Purchase 600 Share before Record Date & Pledge this Share still today. In Karvy website they say Record not found. I am eligible for Buyback ? Pl. advice

you should have bought them before ex date!!

@admin @MW please help me
suppose I had 600 shares before ex date and then i sold all my holdings after record date and if I buy 600 shares tomorrow and then tender them on 27 th aug ! what will happen then??
what is the last date i can tender my shares on is it 28 th aug or 27 aug 6pm as mentioned on zerodha??
if 28 th augst then till what time??
thank you!

first of all why to wait for last day to tender the share. Please tender today via Zerodha. The last date to tender is 28.08.2019, but you should have shares in your account before 28th to be eligible for tender.

as in indian market it’s t+2 day for settlement so 23 as t 27 as 2 so i want to know whether i’ll be able to sell my holdings on 28th or 27th? it’s confusing

Hi @WM,

I have 2 accounts with 2 different persons PANs, one with Kotak and another with zerodha.
Both I bough shares on 22ndAugust(Thursday) so those shares will come to my account on 26th Augutst EOD.

So, I will see these shares on my account on 27th August.
Do I need to wait to submit OFS till 27th.
Or Can I do now it self(Even though shares are not in my demat account) ??

Please tell me for both zerodha and kotak securities

10177863 in nse and 103600360 in bse .total retail bid is 11,37,78223

IN BSE, its not Retail, Its overall

BSE – https://imgur.com/f27gT1Z
NSE – https://imgur.com/65bNGp5

Individual ≠ Retail? What am I missing?

Individual means an individual investor. He may be you, me or Rakesh Jhunjhuwala. The one who holds shares worth less than 2 lakh or more than 2 lakh.

what’s the calculation procedure is it 106% as of now as it’s saying bse 53.03% and in nse it’s saying .53 number of times ??or its 53.03% total tendered volume combined in bse and nse? @MW @admin

Okay. 4.85Cr shares are reserved for small shareholders. The individual investors’ bid numbers on NSE and BSE websites include both small shareholders and other individual investors (those holding shares worth 2L+). We do not have a breakup of small shareholders and other individual investors. We will come to know the numbers after buyback closes on 28-Aug-2019, Wednesday.

Found this detailed retail research on Wipro Buyback from HDFC Securities – https://www.hdfcsec.com//hsl.docs/Wipro%20-%20Buyback%20opportunity%20note%20update%20-%20140819-201908141330581497116.pdf

Till 3:30 pm today, 45.57% shares have been registered for BB. Still 5days are remaining. So likely more than 100% will be offered. AR may be around 60% .

1) 45% is retail or overall??
2) Do you know only retail registered ratio ??
In NSE its showing 14 crs total got tendered.
https://www.nseindia.com/live_market/content/live_watch/tender_offer/tender_offer.htm
If I click on View details button , The sum of all tenders is just 1.11 crores

I don’t understand how it is 14 crs.

bcz its including bse bid detail also

Today’s figure at 3:30pm is 162557095=50.72% as seen on BSE. I think it is combined figure of all categories on both BSE & NSC.

I understand the Figure 162557097=50.72% on BSE is combined of all categories on both BSE & NSE(3:30pm today). BSE site doesn’t give any break up. We have to wait till 09.09.2019.

here its bse bid detail of retail investors
https://www.bseindia.com/markets/publicIssues/BSEDemandSchedule_otb.aspx?Scripcode=4030

I’m dam sure, Retail AR Would be 100%

i hv came across from different brokers…all r saying to tender all shares instead of 60% or 70%…they r assuming 90% AR

55-60% acceptance ratio is the most expected outcome…as seen in the past buybacks where number of new arbitrage investors are high,just as in the case wid wipro; and difference between buyback price and current market price is also high(30% in this case)..final acceptance ratio is not more than 1.5 times the official entitlement…recent example EClerx: official entitlement 12%,final acceptance around 16 %..similar was the case with HEG..

Do you know about , Retail.

As far me out of 32 crore shares, 4.8 crore shares are for Retail.
I can see in NSE, Only 1 crore shares are applied.
So its 20% of full. Isn’t it be 100% AR.

Are you expecting in last 2 days, Many retail people will surrender ???

Hi @WM/Others,

Could you please clarify my below doubt , Please ??

As per Wipro buyback mail, They mentioned they will buy back 32 crore shares.
Retail is 15% => 4.8 crores ,
As per NSE, So far only 1 crore shares tendered under retail category .
https://www.nseindia.com/live_market/content/live_watch/tender_offer/tender_offer.htm

Means, If I surrender all my 600 shares and till last date this NSE Number shows less than 4.8 crores means
All my shares get tendered ???

Please clarify, Fully confused.

Please check Subscription status in both exchanges i.e. BSE and NSE. Add them and then see how much is the subscription figure. if the Individual category remains under 4.8 cr that means 100% of your shares will be accepted.

@MW,
https://www.nseindia.com/live_market/content/live_watch/tender_offer/tender_offer.htm
what is meant by 0.38 times here,
what is expected AR,
If institutional acceptance is less, Does retail shares get buy backed more ???

Out of Retail Quota of 15% – ‭48,461,539 Shares – Bid by Individuals so far is 8,54,91,867 on BSE that is 2 times of retail Quota.
Yet NSE Shows Retail Bid of 81,38,679 which is just 25% of Retail.. Going by NSE you have good chances of maximum Acceptance.. BSE Data possibly need a break up of Retail & HNI

Buyback participation ratio so far is very low as per NSE Data. How do we get the subscription details from BSE as it does not give separate categorization for Retail Investors?

Individual Investors ko hi reference leke calculate karna padega.

In NSE its showing 14 crs total got tendered.
https://www.nseindia.com/live_market/content/live_watch/tender_offer/tender_offer.htm
If I click on View details button , The sum of all tenders is just 1.11 crores

I don’t understand how it is 14 crs.

Buyback application loaded on last day from Zerodha demat account…

Buy back already subscribed 0.32 times

38% reached today , I think that,at this speed, it will not be subscribed totally. 🤔

Out of 32.3 crore shares, only 5.35 crore are bid upto now. This is only 17% bidding.
Above data from NSE website. One can check here :.
https://www.nseindia.com/live_market/content/live_watch/tender_offer/tender_offer.htm

SIR, BSE BID NOT ADDED IN THIS . CHECK THE BSE SITE ..

This is all about demat shares.
No bse /nse difference.
This is total numbers.

Sir check this https://www.bseindia.com/markets/publicIssues/ACQDisp.aspx?id=507685&IPONo=4030&type=OTB&idtype=1&status=L&startdt=8/14/2019

Hi,

is this 32.3 is only retail or every thing put together ??

For example I was holding 600 shares on record date, I got mail to minimum surreendar 252 shaers.

If I give all my 600 shares and at the end of buy bak date its reached 100% subscribtion for retail

Does it mean only 252 shares will get buy backed ?? or all 600 shares get buy baked
as it is only 100% not more than that ???

The subscription under retail investors has already crossed by more than 1 time in 2 days itself. so one shd be lucky to even get 50% AR

What’s the source of this information? Where can we confirm it ?

The figure your are seeing is for Individual i.e. Retail and HNI both.

I agree but this time chances dont look bright for retail. In any case the scrip is heading towards <200. so its a loss to the public in this buyback.

I have wipro shares on the record date, but do not know How to participate in buyback process, I ask to upstox, they saying I have to submit the physical POA to Participate in buyback, is POA safe?

how to download buyback offer of Wipro

Do we need to fill up DIS along with tender form? There are no such instructions in compony’s Mandate. But share broker asked for DIS. Unfortunately DIS booklet is misplaced.

just call your broker and he willdo the remaining things,
nothing else should be done.
in zerodha that is also not required.

I have not received buyback mail though I have bought almost 1 month before last date?? Whether I can eligible for buyback?

yes, you are eligible contact your broker and tender your shares.
who is your broker ? also confirm it with karvy.

https://karisma.karvy.com/buybackoffer.aspx
Check in above site.

is wipro buyback is worth or not ?

why wipro is going down inspite of tender period ?
@market wizard sir

THANKS, ADMIN FOR EXPLAINING THE CONCEPT CLEARLY.
I AM EXPECTING THE AR AROUND 50%
SO WILL BE BUYING 300 FROM MARKET AND WILL TENDER 300
SO ALL OF MY SHARES WILL BE ACCEPTED AM I, RIGHT FRIENDS ??
(HAD 600 ON RECORD DATE )

yes

Pls post in this how much you are tendering and how much are accepted in buyback.
This will be a lesson to learn.

Dr. Anil Yadav
How many shares you Tendered in Wipro buy back
and how much were accepted.
It will be a good learning to know that
Eagerly waiting for your reply
Veterans
Sundeep Yadav

Members please clarify the buyback process.

Shall i need to send Tender Form and TRS to Karvy?

I have 650 shares.
Since the general sentiment is that about 60% is the buyback, can I sell the rest of the shares before tendering ? Meaning can I sell 250 now and tender 400 shares of this ?

My allotment would 60% of total 650 or 60% of 400

My allotment would 60% of total 650 or 60% of 400 ?

Your allotment will be based on 400 shares and not 650

This rule has changed. Now allotment will be only based on holding and not based on how much is tendered.

It will depend upon a number of shares you were holding on the record date.

PLEASE EXPLAIN IN DETAIL SIR ???

Acceptance ratio will be based on tendering if no of shares and not holding on record date. Saying this on my personal experience on quick heal buyback.

You are correct. Let us suppose you are holding 100 shares as on record date and we know as per LOF the minimum shares that Wipro buyback is 42% and as of today you are not holding any shares as you have sold out the next day of the record date. Moreover, suppose the final AR is 60%.

Scenario-1

You buy 50 shares from the market and tender all- AR in your case would be 100%

Scenario-2

You buy 60 shares from the market and tender all- AR in your case would be 100%

Scenario-3

You buy 100 shares from the market and tender all- AR is this case would be 60%.

So AR for individuals varies depending upon the number of shares tendered. But it can’t be more than what you are holding on the record date.

Your Entitlement 273/650 will be accepted, if you tender more than 273 then proportionate additional shares can be accepted based on total addition shares against unsubscribe portion.

Thanks 🙂

Market Staged smart recovery. If such recovery continues, we can expect higher Acceptance Ratio.

Hi WM,

What is your view on Expected AR ??
Since markets are down do you think much retail people don’t participate in Buyback ??

Most of the retail will participate in the buyback as market condition are poor. The expected AR is 60%.

I have not received the mail also

Please tell what to do

check with karvy website…type karvy wipro buyback….there u will get link to know wether u r eligible or not …

I have bought the wipro shares on June 14, but i have not recieved email to submit for buy back; can some one let me know whom i should contact

check with karvy website…go to buyback portal…and enter demat details…

After reading all the experts’ explanations, it is advisable to tender all the shares held on record date

wipro ltd buyback mail aaya hai.buyback me 600 share mese 252 share compny buyback karegi…

@ Market Wizard
This is the first time i am going for the buyback. So please guide me.

Can you specify how to tender shares. I am holding shares through Upstox account. Letter of offer says we don’t need to send any Tender Form to Registrar Karvy and just need to ask the broker to tender the share.

From my past experience.. I think AR will be between 55-60. Hope the share price goes beyond 300. Then all of us can exit easily from this script. May be towards the end of the acceptance window it will touch 300 only if the nifty shows some strength.

it all depends on the price movement of the share in current price 265 dont expect must.
i think AR will increse if price moves towards 290+.

I purchased 358 shares on 18th April 2019. I have not done any transactions in Wipro after that. Can someone tell me why have I not received Wipro Buyback Tender?

Thanks.

you are eligible for buyback. don’t worry there might be some technical issue wait for few days then check with karvy.

@ Market Wizard

Can you please make a calculation for the actual AR given the 42% as the bottom. I mean, from your previous knowledge on buybacks with the assumptions on the number of shares that will be submitted in real.

60% jana chaiye final AR.

Are you sure Sir? if price stays below 275.

@ Market Wizard or any other Buy Back Gurus. Please reply me.

I see Entitlement for Buyback (No. of Equity Shares) is 252 as per the email received. But I don’t think entitlement was fixed upfront in case of TCS 2018 Buy back.. Why is this different?

Does this mean I cannot offer more than that many shares for buy back. I believe we can still go ahead and submit all shares….just in case if some one don’t offer the shares in buy back they can take my additional shares offered.

Please tell me if am thinking right….

Yes, you are correct. Go and tender all shares that you have in your pocket. As per my understanding, 60% of those will be accepted.

Got the letter. 42% It is. Not quite happy about it.

I had 175 shares on record date and as per the buyback offer i can sell 73 shares through buyback. Can someone please tell me if i can sell the other 102 shares on Monday and apply for buyback of 73 shares on 14 August 2019?

It’s 42 %. As a expected.
Now people should stop dreaming about 70 – 75%.
Enjoy the profit guys.

42% is the minimum that will be bought from you.. As per my understanding, we can still offer all of them..AR will be more than 42 for sure…as not everybody will offer the shares…what say?

Check your email guys it’s out buyback offer
250 out of 595

Buyback Tender Form is already published on Karvy’ Website. Check this https://karisma.karvy.com/buybackoffer.aspx

Buyback Entitlement as shown in the form is 42%

Final AR could be in between 65 to 70%.

I request to all members

Please explain the impact of 20% buyback tax

very simple 20 % gone in taxes so 10400-20%=8320 cr.
so buyback size is now 8320 cr.
AR ratio will be according to the same.
unless govt gives discount to wipro and say you are not liable to tax which seems difficult for present anti , market govt.

First of all the buyback tax is not 20% but 23.92 effectively.

Previously the buyback tax was applicable on Unlisted Companies and as per income tax act 115QA, the tax can be levied.

The section provides that any amount of ‘distributed income’ by a domestic company on buyback of unlisted shares from a shareholder is chargeable to additional income-tax @ 20% (plus 12% surcharge and 4% health cess). The effective rate of buyback tax is 23.296%.

The same act now is applicable on Listed Shares.

The term ‘distributed income’ has been defined to mean the consideration paid by the company on buy-back of shares as reduced by the amount received by it for issue of such shares to be determined in the prescribed manner.

So now the question is at what rate Wipro has issued shares which they are buying back at 325.

let us suppose Wipro has issued shares at 200, then they need to pay following buyback tax.

=323076923(number of shares)*( 325-200)*20%(buyback tax), then 12% surcharge and 4% education tax over it.

Now the tax depends upon the price at which Wipro has issued these shares.

So it is not that simple calculation.

As I understand , the buyback size is same as originally proposed I.e 323076923 shares @ Rs 325, so the 20% tax is being born by the company.

final ar will be 70-80% sure

WAKE UP FROM SWEET DREAM?

Will the payment be 325 less 20% ?

NO PRICE WILL BE SAME 325.
IT WILL BE 10400 CR. – 20%.
REMAINING AMOUNT WILL BE DISTRIBUTED SO LESS AR.

Thanks

Final AR will not exceed 65% for sure. That’s the most optimist estimate.

yeah …around 70 …i guess

HOPE SO BUT I DONT THINK SO.

Market wizard plzz give ur input what is acceptance ratio of wipro buyback??

What should be acceptance ratio ???any 1 know

it depend upon various factors…mainly , CMP at the time of tender process… current tax policy levied by govt. , shares in account of shareholders on record date….

Considering that the current market price is 20 percent less than the buyback price and the current market conditions, I guess most of the retail will participate in buyback. the acceptance ratio would be close to 50-55% only.

You can download Tender form from Karvy Website. I have checked mine.
ER is 42%.
Means AS would be Atleast 70%.
Market Wizard please give your input.

I told yesterday ONLY 70-80% will go 42% buyback form has came sure

Please tell me about 20% buyback tax

Will it be applicable or not

Who will pay

It’s the tax to be paid by the company

Sure 75 acceptance

AR ONLY 42 %

Hi WM,

Can you plz explain me the below line
he Letter of Offer for the
Buyback to eligible shareholders appearing on the record date of June 21 , 2019, on or
before August 6, 2019.

what is meant by or before Aug6.

Can some one who is not having wipro shares on June21st but he is buying today is also eligible ??

No. Those who are having shares in their Demat Account till 21.06.2019 are only eligible. This 6 August 2019 date is before which the letter of offer will be dispatched.

Venkat If you buy today and hold it on the record date for the next buyback as and when announced by the company you will be eligible.

OVERALL ACCEPTANCE RATIO WILL BE 70-80%

NOT AT ALL IT WILL BE MINIMUM 40 TO 55% MAX.

LETS HOPE THE BEST IHOPE FOR 70-80%

Entitlement ratio can be in between 40 to 45%

When money credited in bank accounts?
Please guide us MW
and all members please inform immediate when anyone got mail of offer letter.
All the best to all

9TH SEPT 2019

9th sep is settlement date…investors will get information regarding final acceptance around 5-6 sep…and final bank deposit will happen in next 3-4 days

How much acceptance ratio expected??

why before 4 aug we buy the shares

If i buy on 12 aug and bid on 17 aug for tender so there is amy problem

yes.

please ignore my comment. It was a misinterpretation.

July 31 , 2019
The Manager – Listing
BSE Limited
(BSE: 507685)
The Manager – Listing
National Stock Exchange of India Limited.
(NSE: WIPRO)
The Market Operations,
NYSE, New York
(NYSE: WIT)
Dear Sir/Madam ,
••••• • ••••• •
• • •••••• •
wip. ·ro•iii: . · . …. •.•:. • • ••••••• • ••••••
•••••
Sub: Updates regarding the buyback of upto 32,30,76,923 (Thirty Two Crores Thirty
Lakhs Seventy Six Thousand Nine Hundred and Twenty Three) fully paid up Equity
Shares of the Company of the face value of Rs. 2 (Rupees Two only) each at a price of
Rs. 325 (Rupees Three Hundred and Twenty Five Only) per Equity Share (“Buyback”)
This is to inform you that the Company received final comments from the Securities and
Exchange Board of India on July 30, 2019, with respect to the Draft Letter of Offer filed by
the Company for the captioned Buyback.
Pursuant thereto and in accordance with the Securities and Exchange Board of India (Buy-
Back of Securities) Regulations, 2018, the Company will dispatch the Letter of Offer for the
Buyback to eligible shareholders appearing on the record date of June 21 , 2019, on or
before August 6, 2019.
You are requested to take note of the following schedule of activities in relation to the
Buyback:
Date of Opening of the Buyback Offer Period
Date of Closing of the Buyback Offer Period
Last date for Settlement of bids on the Stock Exchange
This is for your information and records.
Thanking you,
For Wipro Limited
hi~
M Sanaulla Khan
Company Secretary
Registered Office:
Wipro Limited
Doddakannelli
Sarjapur Road
Bengaluru 560 035
India
T : +91 (80) 2844 0011
F : +91 (80) 2844 0054
E : info@wipro.com
W: wipro.com
C : L32102KA1945PLC020800
Wednesday, August 14, 2019
Wednesday, August28, 2019
Monday, September 9, 2019

I was saying time and time in this group that please have a faith on Prem Ji words. The company which has created enormous wealth for investors will not go back on his words just because govt has introduced tax.

Let us salute once again to Prem Ji to remain on his words.

Cheers.

It’s True.

Agree with u MW. Salute to Premji sir

THANKS TO WIPRO AND MR. PREMJI.
ALL THE BEST TO ALL.

That is good news .

its official now
buyback date 14 aug to 28 august

Officially announced… 14 Aug to 28 Aug…. Tender date and 9 -Sept last date for settlement….

Any official news on wipro buyback

Officially announced… 14 Aug to 28 Aug…. Tender date and 9 -Sept last date for settlement….

Corporate Announcement
Security Code : 507685 Company : WIPRO

Announcement Under Reg. 30 Of SEBI LODR- Updates Regarding The Buyback Download PDF Download XBRL
Exchange Received Time 31/07/2019 19:03:30 Exchange Disseminated Time 31/07/2019 19:03:36 Time Taken 00:00:06
This is to inform you that the Company received final comments from the Securities and Exchange Board of India on July 30, 2019, with respect to the Draft Letter of Offer filed by the Company for the captioned Buyback.

Pursuant thereto and in accordance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, the Company will dispatch the Letter of Offer for the Buyback to eligible shareholders appearing on the record date of June 21, 2019, on or before August 6, 2019.

From good source
*SEBI approval received for Wipro buyback*

Date 14 August
Will close 28.August

wipro will post notice today confirmed

what is the acceptance ratio came

As per discussion with wipro company secretary sabi approval received.

That’s good news.

Is this news 100/ true

Buy back hoga bhi ya nahi

Company got permission of buyback.
Date announce anytime.
All the best.

How can you say so ? Any source of the information ?

Dear patron. All are tensed about the buyback. Please share information which can help and not agonise people. If you really have some information please also share the source. Otherwise don’t post your opinions. Learn to respect the forum.

IS THESE NEWS IS SURE OR RUMOUR IT IS BECAUSE I HAVE CALLED COMPANY YESTERDAY ONLY THEY TOLD SEBI APPROVAL IS PENDING

Sir, When is buy back actually taking place?

i have bought 3200 shares wipro in cash market yesterday and buy 355 put option. when letter of offer came i am seeing a buy because people sold after record date. is it a gud strategy or not

Hi Amit,

Lot size for Wipro is 3,200.
You didn’t mention your cost price for shares bough in cash.
Put is 255 I think, 355 is far OTM put.

Now, Market is weak and you might not bought strike price near to the cash price.
So some loss is here.

What you should have done is ,
Buy 300 PUT and buy 3,200 shares.

cost price 262 and buy 255 put at rs 3 ( 355 wrong)

So, you have a risk of 7 Rupees.

If Wipro Goes UP : Your shares goes up and , 3/ put will go to 0.
So, In UP Side , wipro price should at least go more than 3/
.

In down side, You have 7 rupees risk.

Personally, I don’t like.

If you would have bought deep in the money put. That would have saved you. from this 7/ loss

if offer for letter came then who has sold share will buy for tendering. so a spike anticipated upto 280 in short span of time

Why sebi is taking too much time for approval

It appears that you have posted your views as “INFORMATION”

Yes, nothing officialy has come up as yet.

wipro annouced 14 august for buyback

Sir, please disclose the source of this information

Sir, I am again requesting please disclose the source

Your silence means you have posted casually.
Please be kind enough don’t treat this platform as your personal WhatsApp group where you can post any gossip.

Hello Sir

Any Update Adaniport Buyback?

Wipro replies to our mail yesterday as under: “Dear Sir,

Thank you for your email.

As mentioned earlier, we are still awaiting SEBI approval. Upon receipt of the same, we will promptly commence the buyback offer process.

Best Regards,
Vinay”

WIPRO buy back is on course and as per Azim Premji Letter buy Back process will be completed by Aug end. These are his committed words don’t spread any other rumor.

Dear, I had copy pasted mail which is marked in “” commas till Vinay.

And the bottom line which I stated from the Azim Premji letter to shareholders at AGM. That’s why I wrote do not spread rumour oof cancellation or date announcement..

If anyone write to WIPRO investor desk he will get the same reply which I got that SEBI approval is pending. And as soon as approval got they will announce date and send Letter of Offer.

Y Sebi taking time?..
Probkem ho to wipro ko ho..Sebi ko kya problem he…?

If anyine can mail sebi n can get the reply from sebi than its godd..

Please don’t forget it is a Govt Organization. It is bound to take time.

SEBI KAR SAKTA HAI

RECORD DATE KE BAD BUYBACK CANCEL NAHI HO SAKTA

Best of luck

sebi kar sakta hai

BUYBACK ME BAHUT TIME LIYA. BUYBACK HO GA YA NAHI. L&T KE JAISA GAI SAAL KI TARAH NA HO..

Record date ke bad me buyback cancel nahi ho sakta

sebi kar sakta hai

As per 30th June shareholding, retail holding below 2 lakhs has increased to 18.57 cr. Retail reserved is around 4.48 cr. so ER conservatively comes to around 25%. Lets see how much improvement it will come in the tender form.

This retail holding of 18.57 cr is for of share capital of 2 Lacs. At face value of Rs 2 this no is for share holders of up to 1 lac shares and holding value of up to 2.65 crs.

The closing price as on cut-off date i.e 21st June was 286.85. Hence the cut-off qty for qualifying as retail holder is 697 shares. All share holders whose holding as on 21st June was not more than 697 are retail share holder. Aggregate (Total) of such shares will be taken for calculating ER. Also the reserved qty is not 4.48Crs it is 4.84Crs. We may have to wait for offer letter to know the exact figures.

Bhai daru pine betho 6 ksu

Bhai daru pine betho 6 ksu rajesh

When does the buyback start ? Is the date declared? Now its tooo long wait!! 😞😞😞😩😩 . If it starts in mid August, then we’ll get money in month end I guess.

The buyback would start approximately one week after the date of Offer letter and will remain open for 15 working days. Most probably it may come by end July or ist week of August. and entire process likely to be over by end August.

Any expection of the AR ?

The number of shareholders (less than 2 lakhs FV) has increased by 2 Lakhs and also the number of shares increased by 5 crores shares. Most of this would be in retail category of less than 695 shares 🙁

Also, the tax on buyback – whether the SEBI would ask them to reduce from the buyback quantum of 10500 crores remains to be seen. In that case, the project would get delayed as it would call for further approval from shareholders etc.,

The Board and the shareholders have approved a proposal to buyback equity shares of the company and the process will be completed by August 2019 subject to approval of SEBI.

Hi, Have 2 lots of these and seems wipro is going ahead with buyback. Would like to know is sasken buyback happening or not ? I have 2 applications for this and this stock is bleeding…any news on buyback ? seems it is cancelled or something

@MW,

Please guide us, Whats happening
Now, Its share buy back is there
And its sure they are buying at 325/ Only

But questions are
1) Does the money which they decided for buy back remains same or will they do minus 20% tax.
If they decrease the buyback money AR Will be lower.
2) Any idea when they will buyback

Venkat Ji,

The FM has not yet cleared as how this tax will be levied. let the clarity comes. Yes whatever be the tax the same will be subtracted from buyback size and distributed among the shareholders.

AR we will around 60-70% as more and more people are selling shares as it is going down.

@MW sir,

They are selling now.. But there name is available as per the record date and still they can buy once they will get the intimation letter based on there eligibility and participate. So can you please let us know how the AR will go up?

The buyback tax will be borne by the shareholders who remain post buyback. The ones who are tendering will not be bearing any impact on this bb tax.

i am new for buyback.
kindly want expert advice.
if i purchase 1 share of any company before record date so i am eligible for buyback
now i gave that 1 share in tender offer in buyback and suppose AR is 20% only.
so company will accept my that 1 share? or they will reject it.
if Acceptance ratio is so less so in that case company have to accept 1 share from all eligible accounts or not?

There is no rule like company should accept minimum 1 share.

Your share only gets accepted if retail acceptance ration is 100%

All the best 🙂

ok Sir thank you so much for reply.

1 share is given preference, and I have experienced it in HEG buyback. My one and only share was selected in that buyback.

any AR related news?
what can be possible AR?

Looks like breakdown today after results.
Wipro is teaching lesson to greedy retail investors like us.

WIPRO ………..BREAKING NEWS… BUY BACK DATE ANNOUNCED ITS 14TH AUGUST

Any news?

Source ?¿

Can you disclose the source of information

Wrong news

Wipro is not announce buyback yet
Please don’t spread fake news

Wipro today reported a 12.6% year-on-year jump in Q1 profit to ₹2,388 crore, boosted by robust demand.
5.5% increase in revenue.

Will buyback happen
And what about 20% tax
Will company at that or shareholders

No one knows everyone is searching for answers

Updates from Wipro on Buyback
1) The Company had previously announced a buyback proposal for purchase of up to 323.1 million equity shares of ₹2 each from the shareholders on a proportionate basis by way of a tender offer at a price of ₹325 per equity share payable in cash for an aggregate amount not exceeding ₹ 105 billion.

After receipt of shareholders’ approval, the Company has filed the draft letter of offer for the buyback with SEBI. Upon receipt of approval from SEBI, we will complete the buyback process. Found this on page no. 2 of this filling to the stock exchaange ( https://www.bseindia.com/xml-data/corpfiling/AttachLive/f86670f7-a856-43fa-bcd9-b9fbd211e543.pdf)

Updates from Wipro on Buyback
2) On April 16, 2019, the Board of Directors approved a proposal to buyback up to 323,076,923 equity shares of 2 each (representing 5.35% of total paid-up equity share capital) from the shareholders of the Company on a proportionate basis by way of a tender offer at a price of 325 per equity share for an aggregate amount not exceeding 105,000 million (“Buyback”) in accordance with the provisions of the Companies Act, 2013 and the SEBI (Buy-back of Securities) Regulations, 2018 (“Buyback Regulations”). Subsequently, the shareholders of the Company approved the Buyback through postal ballot (including e-voting) on June 1, 2019 and June 21, 2019 was fixed as the record date for the buyback. In accordance with the provisions of the Buyback Regulations, the Company filed the draft letter of offer for the Buyback with SEBI on June 12, 2019 and is awaiting comments on the same. Found this on page no. 14 of this filling to the stock exchange (https://www.bseindia.com/xml-data/corpfiling/AttachLive/2e883010-1a3b-4b1b-ab07-41472859183d.pdf)

It is now clear from the filling to the exchange that “company is awaiting comments from the sebi regarding the buyback offer.” So they are not cancelling the buyback

Big relief for many people who are still holding the shares and are trapped due to sudden announcement of buyback tax.

March 2019 and also announced a
buyback of ` 105 billion through buyback to the shareholders in April 2019. The shareholders have approved the proposal to buyback equity shares of the company and the process is likely to be completed by August 2019

From where did you get this information

Full text of Azim Premji’s last letter to Wipro shareholders

http://economictimes.indiatimes.com//thumb.cms?photoid=70245133&webp=1&imgsize=1065772&width=640&resizemode=4

http://www.ecoti.in/z9pDWZ

Azim Prem Ji last AGM

https://youtu.be/QrYxGO5DnnY

Any good news ?

MOST OF THE PEOPLE ARE EXPECTING POOR NUMBERS IN RESULTS TODAY
IF SAME HAPPENS IT CAN GO BELOW 250.

As per their filling with stock exchange, Results will be declared on tomorrow evening. https://www.bseindia.com/xml-data/corpfiling/AttachHis/2baaf5c2-7052-48cc-b613-d2f44abb72ac.pdf

Dont wory short buildup position so this will not go downside

WIPRO KA BUYBACK OPEN DATE KAB PATA CHALEGA. AUR BUYBACK HOGA KI NAHI.

kal.

Any chance cancel?

Timings?

Anil Dont worry. I had told on record date this is heading towards 200. From there it will find a bottom. Nothing is alarming.

BY JUST LOOKING ON WIPRO SHARE TRADING AROUND 256 IT SENSE LIKE SOMETHING BAD GOING TO HAPPEN.

The big players are already exited before the record date. Only Retails who left is selling in anticipation of canceling of the buyback. For me, no such thing will gonna happen. Please have faith in management. Tomorrow picture will get clear.

All bad news that could be possible has been priced in now and once the clarity comes in regarding the buyback you will again see spurt in the price.

Kab tak govt soche gi…

Finance Secy: No Decision On Raising Minimum Public Shareholding, Only Consultations Have Started All Cos To Have 25% Minimum Public Shareholding By August 2020

Can Discuss Grandfathering Tax On Buybacks

AR to be between 70 to 75% in the retail category. Good return to the patient investors.

I am sold out 615-115=500 holding. I will submit buyback 500 share.

As on record date total number of retail shares are approx 11 cr.

Total number is shares reserved for Retail are 4.8 cr.

So Entitlement would be 43%

Data kaha se mila

last year entitlement ratio kitna tha??

65%

If that is the case, acceptance ratio to be around 53% only..

Savita Oil Buy Back: https://www.bseindia.com/markets/MarketInfo/DownloadAttach.aspx?id=20190712-17&attachedId=73b73916-76c5-4464-a1d3-a83c0d35bce3

S H Kelkar Buy Back: https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20190712-15

S H Kelkar Buy Back Offer Letter: https://www.bseindia.com/xml-data/corpfiling/AttachHis/1A97865D_B3AB_4D6E_B8D6_FC5811170F96_175748.pdf

Triveni Engineering Buy Back Letter: https://www.bseindia.com/xml-data/corpfiling/AttachLive/B10C3958_D978_4E31_AB2D_80D52F4F6D24_143404.pdf

Triveni Engineers send Letter of Buy Back to eligible shareholders. Buy back opens on 22/07/2019. Those who hold Triveni Engineering on record date, tighten you belt to tender in Buy Back.

Dear all pl take a note that WIPRO will not cancel buyback like KRP Mill because KRP Mill could not take extra burden of 20% tax ober it’s buyback amount where as WIPRO has Rs 50000 Cr cash in reserve which will help it to pay the required tax easily. And WIPRO surely will do it because keeping too much cash in reserve is not healthy for it’s balance sheet. So some how they will have to reduce it’s cash balance.So do not worry.
@MW what is your say about that??

It is not yet clear on what amount this 23.296 Buyback Tax will be applicable. So let the clarification to come.

SIR , I BUY 650. SHARES OF WIPRO IN MY 40 ACCOUNTSS APPROX AT 295 FOR BUYBACK AND DONT DO ANY TYPE OF HEDGING.. PLEASE SUGGEST ME WHAT I DO AT THIS STAGE…

Finance Secy: No Decision On Raising Minimum Public Shareholding, Only Consultations Have Started

All Cos To Have 25% Minimum Public Shareholding By August 2020

Can Discuss Grandfathering Tax On Buybacks

If its grandfathering than awesome…

Former ED of SEBI JN GUPTA said to cnbctv18 KPR will have to approach the SEBI for an exemption. Once letter of offer filed and public announcement made, buyback can’t be withdrawn
Also company can’t withdraw buyback once record date has passed

Should we expect to get an email after 16th July?

Does anyone get the survey for the annual meeting?
The subject of the email -> “Sub: Wipro Limited- Notice convening the 73rd Annual General Meeting (AGM) and the Annual Report for FY 2018-19”

If anyone got, may I know please if I fill the survey, how it would impact my portfolio for buyback?

WIPRO Buy Back: WIPRO replied as follows;
Today
Dear Shareholder,
We thank you for your email and apologise for the delayed response.

The draft letter of offer is pending with SEBI for its approval. Once approved we would be sending the letter of offer to all the shareholders.

Thanks and Regards
Vivek Karda

DRAFT IS PENDING ???
THEY ALREADY receive PERMISSION FROMSEBI I THINK

SEBI approval was given in February for going ahead with a buyback proposal pending the amalgamation of other group companies. It was a go ahead for a bb. Now the approval for the current buyback draft is pending with SEBI. Hopefully the update would be announced during the board meet on 17th July

Investor Zone… Can you please share your view on wipro buyback….

Sir, we are positive that company with the stature of Wipro will not cancel buyback for just 2000 Cr extra tax when they have 50000 Cr Reserves in the books. However, the picture will become clear on 16th July 2019.

Finger cross !!!

Thanks for your valuable reply…. Hopping for best..

The 20 per cent tax will be levied on the difference between the issue price and the buyback price of the share.

So I think tax amount is not 2000 cr

Is less then 500 cr

Pls clarify

As bse say today that
Tax amount for buyback is not 92 cr

It’s only 12 cr

WHY IT IS DOWN SO MUCH,
RUMOURS OF BUYBACK IS GETTING CANCELLED

May be they can do so like KPR Mill did. Wipro’s AGM is schedule to meet on 16/07/2019. Mostly this issue will be take up there and you might see cancellation of the buyback offer.

SH Kelkar record date for Buy Back was 20/6/2019 and they have dispatched Letter of Offer and their Buy Back opening on 15/07:2019. WIPRO Buy Back offer Letter will come soon. No Q of withdrawal or cancellation by WIPRO because they don’t have any problem with regards to BB Tax. It’s part of Back biz and they have travelled to this juncture of 2 lac Cr Mcap by good corporate governance.

The comparision should be between DDT and buyback tax. Then we find the difference is less.

K p r buyback cancelled

What is k p r ?

http://chng.it/MqCLD5pMSQ

LET’S FIGHT AGAINST LTCG AND BUYBACK TAXATION.

SIGN THE PETITION TODAY.

Hello market wizard
I suppose to buy Wipro share for buyback purpose so can I buy now because buy at 270 level but now is 265/- so can I buy now???or how much qty should I take it sir??? Please suggest me….,..

Record date has been gone for buy back so no benefit mow

I a

Promoter will cancel if they don’t have urgent need for money and there is no legal hurdle.

Other than that they have headache of reducing their shareholding to proposed 65%.

Guys,
Please sign the petition to “Withdraw LTCG & BUYBACK TAX #SAVE-EQUITYMARKETS”.
Click on the link: http://chng.it/PK7tphgwPS

Signed. Have done my part.

Thanks MW. We need to unite against such ridiculous double taxation rules from government, not good for the equity market and stock investors.

Signed the petition.

I also signed.
OK. listen FM

Hi all,

When can we sell WIPRO buyback shares?
Any specific date or how….

Pls guide me/us

I have 1330 share of Wipro @290rs..can any suggest what government ammendment on buyback rules of Wipro..

I purchased shares for buyback proces… There is a chance to cancel buyback or not

Buy can’t be cancelled

200 is on the cards. One will have to wait for 3 years before seeing 300 again.

Ha ha..wo card pe hi rahenge…

When will all the buyback process over
N any budget impect is possible
N any cancellations is possible or not
Plz tell me I m waiting of ur reply

Hi Gurus,

If you can please clarify.

1. If we say we have now 20% taxes on ‘capital Gain’ how can wipro deduct at source for buyback.I mean capital gain will be different for different people. So if this is not correct then what will happen with this buyback.Should I just sell my shares for wipro?

2. Diversification – Do you think wipro will be part of this? As I see 74% of the shares are hold by it’s promoters? In this case the wipro price will probably be down?

Thanks.

Wipro may cancelled buyback?

Not possible now as Record date is already passed.

The govt must have exempted the companies for which the buyback record date is already announced. This announcement caught small investors like me unaware. I bought 600 shares (holding 500 after record date)?and now going to incur 10-20% loss rather than planned 10% profit.

For the companies where record date has passed, it is like retrospective tax. The provision should be from prospective effect so that people can take informed decision.

In India, all such taxes are from retrospective effect as no govt care about long term negative effect on investors. They just want to get some money for their populist schemes.

when is open of wipro s buyback offer

Which co will come for buyback when dividend is a cheaper option

Future of buybacks doesn’t seem that bleak after all… Maybe Government PSUs are likely to announce more buybacks than before…As their promoter I.e the government stands to gain since it will get the tax also now along with the amount from the buyback share it tenders… N government also will be on a disinvestment spree…Of which buybacks is one of the way..

Going forward, investors will not have to pay any capital gains tax on the shares tendered in a buyback. Instead, the company will deduct the 20 per cent distribution tax from the total buyback corpus and pay the balance amount to investors

If wipro deducts 20% thenpayment will be approved 260. Who will surrender shares.

This is a very good move by govt to target tax evaders. Premji was intelligently using this tool n not paying dividend. If it was upa these moves would never have been plugged leading to huge tax leakage. Hats off to modi for plugging this loophole.

It’s company’s profit in which they have already paid tax . So it’s double taxation
Premji is not tax invaders he is wise man.
Don’t blame him to rescue this corrupt politicians in government

From your logic promoters of TCS and Infosys are also big tax evaders.

The action of buyback is as per the provision of law. It is unfortunate to say that it is tax avoidance. I think it is tax planning.

Sir ,What was modi doing for five years. These buybacks started in modi govt

Dear sam..Sure?

No need to worry for current buyback
But future of buyback is gone.
Now only dividend will be given to shareholders bcz DDT IS 15 %
BUYBACK tax is 20 %.
What a bullshit this government is honest taxpayer are punished hard in this budget.

Sure sir?..
Wipro will not have to pay tax?..

If so than good..

Anilji, there are two big problem company in this 05/07/2019 modi budget promoter stake 65 % currently wipro stake in mkt 31/03/2019 74% and already declare buyback 2019 10500 Cr. and geverment budget 05/07/2019 20% buyback tax in past DDT IS 15% and unlisted company buyback tax 20% but this budget 2019 modi government listed company buyback 20% tax

so many problem in mkt company promoter holding 65 % and above this company like tcs wipro d-mart selling presser in mkt.

only sebi can cancelled this wipro buyback.

But wipro not need to pay 20% Tax on Buyback as its already Submitted Draft letter for Buyback to SEBI on 17-June-2019. Its applicable for the upcoming buyback offer.

budget 2019: TCS, Wipro may offload shares worth Rs 75,000 crore if public shareholding rises to 35% – The Economic Times – http://www.ecoti.in/HCzG8b

This will take time I think more than 2 year
It’s proposal SEBI has to pass , but they will pass for sure bcz it’s puppy of government.
This will discourage good company they can prefer to not list only.

Does It any way affect the current Wipro Buyback ??

We will hardly see any buyback now.

Wipro % ratio retail

& date current rate of 272

Is it affects Wipro?

@Market Wizard

Is there any impact on Wipro Buyback?

Please reply. Thanks in Advance.

Should not. But they have to shed out 20% tax. That means close to 2000 Cr tax have to be given by Wipro to Govt. Let us wait for more clarity.

Plz clerify if any news abt tax for wipro?

Yes…*Budget Fineprint* In order to discourage the practice of avoiding Dividend Distribution Tax (DDT) through buy back of shares by listed companies, it is proposed to provide that listed companies shall also be liable to pay additional tax at 20% in case of buy back of share, as is the case currently for unlisted companies. (Sentimental negative for IT companies where they announce buyback periodically)

bhai itna to knowledge nhi h…but ye IT firms ke lie h ya sbi k lie

For everyone.

If you have more than 615 shares then what will be acceptance ratio??

The criteria for buyback is maximum shares for upto 2 lacs. To meet this criteria I shed off some shares before Ex Date. Now can I buy more shares and offer for Buyback?

Hii.. What is the next step now.. Do we get a mail or something? When should we expect that mail?

mail is likely to come in 1st phase of july …and entitlement ratio will be mentioned there…expected ER would be 50%….AR would differ by time factor

What are the other good buyback announcements to be executed in near future?

It will be updated here as on when it will be announced.

Eris Lifesciences board to meet today (3/7/19) to consider buyback

Board is meeting on 16th July. The BB dates will be announced in the meeting. Tentatively could open in 1st week of August

WIPRO KA BUYBACK OPEN DATE KAB PATA CHALEGA.

I have couple of queries and would really appreciate if someone can confirm –

Wipro buyback – my broker is saying that I cannot sell shares today (post ex date) and I need to keep the shares in the account until i tender in the buyback. Is that true ?

Separately, I have a question on Mindtree – my dad owns some shares that he wants to tender in the open offer. How can he do that ? Will he receive an email from the Company ? Many thanks in advance for help.

for wipro…u can sell shares on ex date or later…and when buyback window is to be opened ..then u can purchase shares and tender them in buyback…

for mindtree…i hvnt gone through open offer buyback till now..but as per i know…in open offer , shares r sold in open market…they rnt repurchased by the company…

You can very well sell shares now and then participate in the buyback.

Many thanks for clarifying regarding Wipro. Any I sight around Mindtree ? I believe that this is open market is buying from the market while open offer, we would need to tender im a different way

I fully sold out all wipro shares in both accounts at 289 rate , will not do same mistake of holding which i did in earlier buybacks . Also no hurry to buy again will buy around 260 now , buyback will take min 45 days to start so no urgency, will use cash elsewhere till then .

kya ye bat sahi hai ke record date ke mahine ke undar buy back ho jana chahiye

It will not happen within a month. Buyback process should be getting completed sometime in August.

hi, all I am Deepak , new

Any update on Wipro Buyback. I didn’t receive any mail yet.

wait for an week …

Thanks. I bought the share by the price of 297.60, keeping only the buyback in mind. Do you think it is a good decision?

Even I had the same question, does anyone know when are the tender forms sent?

MW, Can you suggest should we hold or sell the shares in Wipro as well and wait till bb?

If you have not hedged then sell out shares.

Bro the price is 285 right now
So I don’t think there is any benefit in sellingnow
Isn’t it better to wait for buyback

Shareholding pattern of Wipro upto March 2019

https://d2un9pqbzgw43g.cloudfront.net/main/IMG-20190621-WA0002.jpg

Between 0 to 5000 around 4.9 Cr shares are there.

Shares reserved for retails category are 4.84 Cr.

Let us suppose 2-3 cr shares bought in April, May, and June. So retail shares on record date may be around 6-7 Cr

So entitlement based on that would be 70-80%.

can you suggest on fdc as well

FDC I have already told to sell all shares on ex-date and then wait for LOF.

1:3 Bonus shares are also added. But share holders holding more than 699 shares will not be treated as retail share holders.

3 cr new shares boughy means only 48000 demat ac…

It may b more than 6 crs…

1:3 Bonus shares are also added. But share holders holding more than 699 shares will not be treated as retail share holders.

Sorry. Bonus shares were allotted in march. So not to be added.

Whoever is in the money can sell safely on 24th. This will remain in the 250 to 280 range during the buyback process and will drift towards 200 post buyback. And the buyback process would start not earlier than August 2nd week.

Not at all 200 is nonsense .it will stay around 275-280.

In next 1 to 3 days it will go below Rs 280 may be 270 or 275
After buyback it will be 250 to 270

Every one who is going to sell..
I recommends that do not sell price will touch 320 before buyback.
Today it is 285 bcz all big players know that everyonw will sell after recording for buyback so no point for them to keep price high.. They will buy at cheap price for 3 4 days and then price will go high to 320.
And when price is so high u cant participate again tender youe share.
So do think before selling. Invest money for more 30 days tender date will come fast this time

If you hold wipro you will be in loss. in next 1 to 3 days it will go below Rs 280 may be 270 or 275
After buyback it will be 250 to 270

I DONT AGREE WITH YOU IT WILL NOW BEHAVE LIKE OTHER IT STOCKS it is 289 BCZ INCREASE IN CRUDE OIL PRICES AND WEAK DOLLAR. BUYBACK PART IS OVER NOW. IT MADE LOW OF 282 AND RECOVERD.

Im having 695 shares at price of 287.60, 695*287.6=199882.
Am i eligible for retail buyback?
Also im having zerodha account, can i sell the shares today or i have to wait till tomorrow or Monday?

u may sell it tmrw…and as per me around 630 shares are ok…MW plz reply

Record date ke din jo close hoga x ur shares…if below 2 lacs than u will b eligible…or not…

No you won’t bcz max limit is 615
615*325= 199875
But sure you are eligible in HNI CATEGORY.

Closing rate on RECORD DATE X QUANTITY = BELOW 2 LACS will be eligible for buy back as per rule

Do not sell in Zerodha.

Why?

We can sell tell me tomorrow right ?
For zerodha and kotak accounts

If we sell tomorrow, Does shares remains on our name on record date at cut of time(which is tomorrow) ?

Yes. Tomorrow you can sell

When we buy shares are credited in 2 days
When we sell they get debited in 1 day
How is that possible

Ask broker. To be eligible in the Wipro buyback the shares should remain in your account till 21.06.2019 which happened with most of the broker if you sell on Ex-date. However, what zerodha does, it removes the share from your account same day you sell and pools them in their own. So technically you don’t hold those shares on the record date.

So this means, i can sell tomorrow in the buyback, but if i sell today, Zerodha gets the benefits?

I have an account with Angel, IIFL, Zerodha, Upstox. All of this brokers are debiting shares on T+1 day through auto pay in and transferring them to their settlement a/c. So technically shares are not in your demat account on end of the day which is the record date.

Only traditional brokers are providing option of Delivery Instruction Slip (DRS) for your market transactions. One can sell shares and give DRS to their DP with execution date as T+2

I am holding 300 shares of Wipro and i am going to sell that tomorrow

ANYONE SOLD TODAY ??

No one can sell as mostly all people has auto payin trading accounts and shares likely to get debited by tomorrow evening. And hence your demat a/c shows no holding on record date

But if you feel stock price going to down then you can sell at CMP and cover the same before 3:30 PM.

Yes sir sold…

In zerodha on which date i can sell the shares to eligible for buyback 21 or 20 jun?
Please clarify market wizard

21st June 2019

Wipo tomorrow fall….3 ,4 6, or 8 persent…kidly advice…

Around 285 in open I think

price is around 283

Any chances of last minute bounce back..

Should we buy on 295
Or not

And should we sell everything tommorow or keep them for buyback

its upto u…price may fall to 270 level…but its nt sure that AR Would be high..

AS ITS ALREADY AROUND 295 IT CAN EASILY GO TOWARDS 280 LEVEL ON 21 JUNE.

Hi..MW…

As today is last day to buy for buyback…
Rates going dowm from last some days…

So now apx AR?

Can buy today for buy back ?

YES YOU CAN

I THINK AROUND 45 %

I am holding 650 Shares of Wipro. Will i be eligible under the retail portion ??
I mean the Value under Rs 2 Lk. is it based on Buyback Price or Current Market Value
pls clarify

Closing rates on 21 x 650..if below 2 lacs…than eligible…

It’s on current market price

DONT HOLD MORE THAN 615

No sir..we can hold more than 615…

Any advise on wipro. I am holding 400 shares @ 289.75. Tomorrow is the last date.
1) Should I exit or Should I stay for the buyback ?
2) Should I exit after the record date and buyback as per the LoF ?
3) Or to stay till the end and submit and see if the actual AR is yielding the maximum return ?

exit if price is around 308..
and if price stay around 295 then go for buyback

Wipro started to fall bit earlier.
Do we worry

Yes…it makes AR lowerer…

MENE WIPRO KE 600 SHARE BUYBACK KE LIE KHARIDE HAI. KITNE SHARE BUYBACK MAI COMPNY LEGI.

It will depend upon acceptance ratio

425 shares

About 70 %

300 approx

Around 80% acceptance and this will prove to be a good deal to buy at CMP around 298, and participate in buyback.

why not update gandhi spl tube buy back?

any idea on Mindtree – acceptance ratio ?

In zerodha, can I exit on record date ?

yes
but not on ex date i think.
because they debit the share before record date

Dear MW, can be make one lot short in future of Wipro, as we all know it will definately go down after ex date … Kindly advise as lot qty is havey….future@295

Now Apx AR?

45 %

should i enter @300 in wipro for buy back

It is very risky now. No advisable to buy now.

thanx dear

this price isnt worth…. just 8% premium from CMP.
although its nt sure that AR Would be as much high as Expected b4

Not at all

In this post AR is mentiond above 90%
Can that be possible ?

I have one strategy with me
1) Buy Shares in cash at 300/
2) Buy 300 Put
3) Sell 300 Call option
Exit these all positions after the record date

Buy acceptable shares again back from market once the minimum acceptable shares known

So that eventhough Wipro falls to 200/ you are protected.

Please share your thoughts

It is a good strategy. However, for cash, we have discussed previously that buy around 280-285 level and sell everything on ex-date and then wait for LOF(Letter of Offer) to buy that many shares as per minimum entitlement to get benefit in buybacks.

Sir
Pls explain this Strategy with Action Dates & example if possible
thanks

Hi,

Bought 600 shares from account 1 and 600 shares from account 2
One in my kotak account other in my wife zerodha account

Did hedging with options

Can you tell me, can I exit on record date ??

At what price did you buy 600 shares from each account and at what price did you hedge?

I bought at 300
Bought this month 300 put at 6.95
Short sell this month 300 call at 2.15

Exit everything together on record date.

Plz let me know on which date I can exit ?

In zerodha, can I exit on record date ?

Yes.

Can we buy 630 to 650 shares…
For buybac in retail?

615 shares

Maximum 615

I think the maximum shares which will qualify for retail is 200000 divided by closing price on 21 st June I.e. cut off date. May be 615 is on safer side to account for price appreciation.

Yes sir…thats y asking…

I have 650 shares. If price goes above 307 then I will reduce holding to 615 shares.

We can see Wipro in the 220 to 260 range post buyback

as market is down…so 260 is expected price after buyback…

Not at all max 280 not below that

Then short in futures

I have about 200 shares of Wipro. To participate in the buy back till which date I need to keep the shares? Normally I want to sell just after buyback participation. And then based buyback AR I can buy those shares back. Also do you thing it is a right approach ?.

21 jun

I hold 6 shares at rs 295 each…. shall i buy 25 more shares at above 295 price….will all my shares be taken in buyback…is it worth buying…if i sell after record date…will i get profit

Please discuss about wipro in this forum.
Any idea what will be the price action from here till the record date?

Looks 305…
Also as price near to 300..
MW plz update about ur view on AR?

If 305 comes than AR 75%

Not at all. I think 45 to 55% =max
Don’t dream of 75 % in any case

Other IT companies are doing good.. TCS is skyrocketing.. I think if any appriciation in dollar value it may surge beyond 310/-. Again thats on a bullish note.

SORRY BUY BACK RATE 180 SH KELKAR

S H KELKAR BUY BACK RECORD DATE 20TH JUN 2019 RATE 500RS

Clear avoid

BB Rate 500?

As per the share holding pattern mar 2019, no of shares held by retail share holder( 2 lakh category ) is 11.4 cr approx. That can increase once we close to record date which will definitely depend upon price also.
And as retail quota suggest accectance of approx 5 cr shares.
So my opinion is AR can be in between 50-60 %.
Correct me if i am wrong.

Less than 45 %

yes between 50 to 70 % only

Record date is not updated?
Any idea what will be the maximum upside before the record date ?

Pls record date updt

21 june…last date to purchase 19 june

21st june is fixed as record date for a person to have shares in his/her demat acct. So from exhange one has to buy by 19th and 20th will be ex buyback. So for entitlement, if one has shares, they can sell on 20th and choose to buyback later to submit. However this strategy to my mind is not a good one. Either exit on 19th and forget buyback or retain.
https://www.thehindubusinessline.com/companies/announcements/others/wipro-ltd-record-date-for-buyback-of-equity-shares/article27427831.ece

admin please update wipro buyback record date

Pls see above

Would it be prudent to sell a day prior to the ex date? (For those who don’t wish to participate in the actual buy back) And what would be the ex date for this? June the 19th?

Ex date is 20, so sell on 19 if you don’t want to participate in buyback

Yes

I sold my shares @295/- & booked rs 24000/- profit. Bought for buyback but not comfortable with market position right now, so sold out. Whole world is falling except India so anytime downward journey can start plus AR should be around 55 to 60 %. So booked whatever profit i had.

Nice!!!

What was your quantity more than 600 ?

I had 615 shares in my 5 family account. So 3075 shares avg @ 287. Sold @ 295 and seeing 291 live price now i am satisfied with whatever i got.

Can anybody guide me, how much Wipro fall on ex date in previous two BB, this will help in decision making….thanks

Wipro Buyback 2017:

Record date = 15.09.2017
Ex-date= 14.09.2017

The Price graph is mentioned below:
https://d2un9pqbzgw43g.cloudfront.net/main/Untitled-3.png

Huge volume was observed but fall was not deep. A fall of 6-7 rs on 14.09.2017.

WAH MARKET WIZARD

I think
Fall of rs 6-7 which is already discounted in f&O.
There is 6 rs difference in cash and future

BB Rate 325 Fix?

Yes

OFF TOPIC
views on l&t tech Ofs

Indicative price is 1657
Close price 1667 if you want just 10 RS then only apply.

Too many people are rushing for this buyback. The acceptance ratio will be as low as 60% in retail.

but i will opt out from buyback as soon as price will mark around 310

YES I ALSO, IF PRICE TOUCHES 310 BETTER TO SELL AND GET OUT.

It can go down to 40%, as it happened in TCS.
PLAN ACCORDINGLY

Record date is fixed as 21st June
Any expectation on Buyback date

MID-JULY AROUND 15TH

I have already purchased 600 shares of Wipro.

I would like to sell the shares & buy back again during the buy back period.

If the record date is June 21st, when can I see the sell the shares? Is it June 19th (or) June 20th. Please advise.

TIA

20 june

Only after 21 June I think.
Bcz if you sell on 20 June share goes out of demat same day then your name won’t be there on 21 record date.
Plz correct me if wrong.

It depends on the broker. Technically, the shares sell on 20th June should not go out of demat before 21st June. However, a broker like Zerodha deduct shares and pool them in there account. So it is always a risky proposition. I request all who are planning to do this must ask their broker in advance in writing so that later on they do not make any excuse. E-mail your broker and get written reply.

Please see the link below which I have taken from BSE regarding the settlement of Trade which clearly indicates that shares/money should be settled in T+2 day.

https://d2un9pqbzgw43g.cloudfront.net/main/bse-settlement.png

Despite the Settlement cycle is T+2, Due to auto pay in your stocks gets debited and transferred to pool account on T+1 which falls on 21/06/2019 (Record Date). However you still has a right to participate in the buyback offer. Please keep in mind that cumulative holding in brokers pool account is likely to be more than threshold limit of rs 2,00,000 and hence you might not eligible to be considered as small shareholder (Category of less than 200000)

I think only those people who have not subscribed to auto pay in facility and still using the DIS can sell shares on 20/06/2018. They can submit their DIS to their DP with execution date as 24/06/2018.

Thanks for the info. Tejas bhai

also i got msg frm my broker….record date is 21 june…but to participate in buyback one should buy shares till 17th june…

I have account with zerodha so it will be advisable to hold until 21st.

yes.

In that case, If My broker is zerodha
I’m not allowed to sell on 20th June.

which is bad, Because price will go down on that day, So should be first one to sell.

Any alternative you know for this for zerodha accounts

Please contact the broker and get the clarification.

You are wrong.
It won’t go out immediately

https://support.zerodha.com/category/trading-and-markets/corporate-actions/articles/sell-stock-on-ex-date

So from Zerodha, it is very clear that they won’t let you participate in buyback if you sell on Ex-date. So better to square off the position on 21.06.2019.

Technically shares needs to be debited on T+2. I don’t understand why there are running Auto Pay In files before T+2. The only option left with us (Retail Investor) is to approach SEBI and apprised them about this situation. SEBI can issue guidelines regarding “Auto Pay In” of shares, which brokers are bound to follow.

HOLD TILL 21 JUNE THAT’S THE CONCLUSION.
BUT STOCK IS GOING TO FALL SHARPLY ON 20 JUNE ONLY.
WE HAVE TO BEAR THIS.
I DONT THINK WHOMSOEVER BOUGHT AROUND 285 ZONE OR LESS HAVE TO WORRY.

MW..Kindly inform apxly…
If still price remaing in d range of 290 to 295 till record date..

What will b tha AR?

Not more than 50 %

AR should be around 80% if the price goes above 305. A lot of investors who bought around 278-282 level will come and book profit which will eventually improve AR.

21 June it means one can buy on till 19 June to eligible for buyback
What price should we expect till 19 June
300+ or 305 or 310 as market are on all time high.

Jun 21 record date

Buyback approved but record date still not announced may be by the late evening it will be out.

Any updates?

Postal ballot result are out
Dear Sir/Madam
Sub: Results of Postal Ballot and e-voting
Furtherto our letter dated May 2,2019 and in accordance with the Regulation 44(3) of SEBI (Listing
Obligations and Disclosure Requirements) Regulations,2015, please find enclosed the voting
results and Scrutinizer’s Report forthe resolutions relating to approval for Buyback of Equity Shares
and appointment of Mrs. Arundhati Bhattacharya (DlN 02011213) as an lndependent Director of
the Company, as set out in the notice of postal ballot dated April 16, 2019.
The aforesaid resolutions have been passed through Postal Ballot and e-voting by Members by
requisite majority.
Thanking You
FoTWIPRO LIMITED

Record date for the buyback?

Sluggish behaviour of Wipro is concern or not ?? It is hovering bet 285 – 90 since the announcement of buyback.
This can lead to rapid fall in prices after record date ??

yes price may fall after record date..thats why it is recommended to buy around 280…so even if price will fall …buyback profit % will nt be affected so much…

MY average is 284. I hope I dont see negative returns post Buyback

i hv same…but still cant figure out what could be the outcome as CMP is 290 and expected record date is 28 june…It may cross 300 in mean time ..

Any news wipro

3:00 pm onwards

Dear All

Wipro *Postal Ballet Results* and *Record Date* expected to be declared on Monday…..

Buyback Rate expected unchanged @325

Thnx Bro

Expected time?

It will announce in the market oor after the market hours today ?

I have 10 share. will they consider all 10 share for buyback? please suggest

u can tender all 10 shares but acceptance may vary from 70-80

onliy 5 to 7 share

http://bit.ly/2wmwn2u ~
Source: EconomicTimes

*SQ Insights (Beta)*
Wipro wins deal from Fruit of the Loom

BENGALURU: Wipro has got a multimillion-dollar technology services deal from American underwear maker Fruit of the Loom, a company owned by billionaire investor Warren Buffett’s Berkshire Hathaway.

Any updates on record Date?

Buy back date will be announced on 3rd June

What would be the record date? Before or after June 3? What if I have bought today? Will I get a chance to tender those shares?

on or after 3rd june , wipro will announce the record date….and it is assumed that atleast 15 days gap will be provided..so u hv atleast 15 trading days to participate in this buyback offer…

Oh! Ok. So I can keep buying Wipro. I was circumspect as I thought the record date could be from the past. So I can safely go ahead and complete my purchase of close to 2 lac worth of shares from tomorrow onwards and still participate in the buy back offer(Till two working days prior to the record date). Is that correct?

Yes, of course.

wipro ketla percantage declare karyu che ane expectation ketlu pls

Buy at CMP of 280

With 299.45 as 52 week high and currently trading @ 282.65, what are the chances to have share price rise to 325? what is the tenure to have it increased it to?

As from sometimes Wipro trading at apx 282…

Now chances of AR?

any price b/w 270-280 may lead to AR Around 75%

No movement in it shares

IT firms are steady today..

Wild moment in Lnt
100 up already

Hi All,

Wipro ADR share price = 4.50$ (roughly ₹312)

And share price of Wipro today = 283.10

Why such a difference?

I’ve just taken 300 wipro share. Now the company will take back many shares in the buyback

Increase you holding to 2 lakhs
Then in buyback tender all your shares
Almost every analyst is digesting 70-80% acceptance

And make sure that you buy below 290
No benefit in buying at 300

I’ve just taken 300 people. Now the company will take back many shares in the buy back.

300 of wipro

Balrampur Chini
I had 350 shares which I sold on record date. As per Market wizard 26 shares will be accepted. so I should buy 28 shares and tender 28 or should I buy 28 and tender 350.Basically all my 28 shared shares should be accepted. Your response is much appreciated. Thanks for the help
I am new to Equity market and trying to understand the buyback process

No record date of buy back 2019 of wipro has been announced yet.

Buy 28and tender them

(i) Entitlement for Retail is 8.06%

(ii) In your case, as you were holding 350 shares, minimum of 28 shares that will be accepted.

(iii) So you need to buy 28 Shares from the market and then tender in the buyback. However, for buying wait for tomorrow election results.

Should we buy wipro at 281 (CMO)
Also I am thinking of selling l&t at cmp(1470)
Any views

Yes. tomorrow market can go haywire in any direction. better to book profit in L&T.

Quick heal Ltd
No. of Equity Shares held by me on Record Date being April 26, 2019
500
Entitlement for Buyback Offer in terms of no. of Equity Share
82
Now question is I have only 300 share in my demate.

If I tender only 300 than how
many share accepted by quick heal.
If I buy another 200 share today and tender 500 share than how many accepted.

Please reply Market Wizard sir.

the no. of shares u will tender , acceptance will be acc. to such…if acc ratio will be 20%….then 60 shares will be accepted out of 300…but if u buy 200 more and tender 500 …then 100 Shares will be accepted….
buying decision on 200 shares depends upon u….quick heal is already down…

First of all 82 shares will be accepted by the company .
ABOVE that no guarantee in terms of no of share accepted if someone doesn’t participate in the buyback(which is highly unlikely bcz low share price) then remaining share will be given to you .
I think better to apply what you have don’t make a fresh purchase.

Should we buy wipro with full force for buyback??

Wait for the election result

Yes go ahead untill it’s too late.

Buy wirpo at CMP

Slowdown Blues: After Cognizant, IBM India fires 300 employees from the services division

http://www.msn.com/en-in/money/news/slowdown-blues-after-cognizant-ibm-india-fires-300-employees-from-services-division/ar-AABmb3r?li=AAggbRN&ocid=1PRCDEFE

The Effect of Artificial Intelligence and Machine Learning has started taking a toll on employees. In the future, if we want to have a job then we should be trained yourself better than machine else we will lose out.

YES SIR COMPLETELY AGREE WITH YOU.
It is good for the company because of the reduced labour cost and increases the profitability.

Trade war is impacting IT shares today good opportunity or we should worry ??

ACCUMULATE AT THIS LEVEL .
GOT MY CHUNK AT 285.

Yes.

Is it a good time to buy Wipro or should we wait for further fall? I’m buying entirely to participate in buyback offer.
As the record date is not yet announced i think we can still buy for participating in buyback offer.

Buy half now it’s good price
Later half can be bought after election result.
Don’t expect major fall in Wipro

Has the record date been announced …if yes pls update the main page.

I do not think so

When record date announce

3rd June

Where did you get this date from. Can you post the link. As i said earlier, record dt will only be fixed once shareholder approval is obtained, thus anytime post 3rd june

I mean to say that the record date will be decided on 3 June after buyback gets approval of shareholders

Wipro is not softing at all looks like 280 – 85 is not possible . Looks it will hover around 300 in few days.

1. is the investor qualified for the buyback on the basis of number of shares held on the record date. I mean if he has worth rs 200000 shares on the record date of buyback and possible acceptance ratio is 50%, then is he qualified to tender shares worth rs 100000. But the question is, if he sells some of the shares ( say worth rs 100000, because expected acceptance ratio is 50% and offload remaining shares in open market) just day after the record date, is he eligible for the expected 50% acceptance ration or he should be having full shares on the closing date of buyback. Responses are welcome

Irrespective of the Acceptance ratio, if you are eligible under buyback please sell everything one day before the record date. In fact, all big players sell there shares one day before the Record date and then wait for entitlement to announce and then buy accordingly.

If follow this approach, will short term gains be applicable. As we sell just before record date. Then buy as per the eligibility and then tender it in buyback. We may earn profit will it be considered short term gain and taxed

Yes you can sell in open market after record date. You still be eligible no need of holding till buyback ends.

Acceptance ratio is based on the shares tendered for buyback and limited to the holding on record date. If you are having 2 lakh worth of shares on record date and tendering 1 Lakh for buyback, your eligibility is for shares worth one lakh only.

If AR is 50%, your shares worth 0.5 lakhs only will be accepted.

If we sell before record date
How come we will be eligible
There won’t be any shares on record date then
Isn’t it

I think what market wizard means by selling a day before record dt is probably to imply that you still hold shares in record date ( since settlement is on t+2 basis. So what he probably means is selling on the day it becomes ex entitlement record dt in the exchange ( which is 2 days before the co record dt). Do check with brokers.
I do not however adopt this strategy because it has its own pros and cons

US software company CSC sues TCS for illegal use of IP ( Why TCS is down in the last few days)

https://timesofindia.indiatimes.com/business/india-business/us-software-company-csc-sues-tcs-for-illegal-use-of-ip/articleshow/69104226.cms?from=mdr

Cognizant considering job cuts after slashing growth target

https://tech.economictimes.indiatimes.com/news/corporate/cognizant-considering-job-cuts-after-slashing-growth-target/69169108

Cognizant’s troubles also hit the shares of its India-listed rivals. The top five IT companies lost about Rs 38,900 crore in market capitalization, ending down 1-4%. The Nifty IT index ended down 1.9% at 16,092.9, recording its worst one day fall since February 20 this year.

So Wipro should be available up for grab around 280.

Apr 19 is the cut off date to receive postal ballot , ie. that is the record date to participate in e voting,

Checked BSE site :-
The Postal Ballot Notice, together with Explanatory Statement and Postal Ballot Form, is being sent to the Members whose names appear on the Register of Members/list of Beneficial Owners received from the Registrar and Share Transfer Agent, National Securities Depository Limited (NSDL) and the Central Depository Services (India) Limited (CDSL) as on April 19, 2019 i.e. Cut-off date.

Yes you are right.
Got misleaded by news on mint site .

Admin please clarify the news.

Wipro seeks shareholders‘ nod for ₹10,500 crore share buyback plan https://www.livemint.com/market/stock-market-news/wipro-seeks-shareholders-nod-for-rs-10-500-crore-share-buyback-plan-1556862896457.html

Those who bought after 16 April won’t be eligible.

I do not think so. This date was only gor the purpose of sending notices. Since the buyback has not been approved, i do not think this date of 19th april is the record date for eligibility. Can @marketwizard pls comfirm what i am saying is correct?

Yes it looks like record date for postal ballots.
News is misleading on various site.
Thanks

Wipro has fixed April 19, 2019 as record cut-off date for eligible shareholders for the buyback plan

My view is that after record date price will fall to 260 levels , that is the most important factor . So do not buy above 290 in any case if you want to make money , acceptance will be around 50% and in the remaining 50% one may have to book loss of 30/- rs per share , so no point buying above 290 , try to buy as low as possible , i feel in days to come it will be available around 285 , so dont buy in a hurry .

Started accumulating below 290.

Is record date already set as 19th April 2019? So now can’t participate in Buy Back?

https://www.businesstoday.in/top-story/wipro-seeks-shareholders-nod-for-rs-10500-crore-share-buyback-plan/story/342760.html

I think ones who are looking at wipro buyback on retail category the following could be the guideline-
1. Those who bought at 275-85 range, hold on and can consider exiting if the price goes above 305 with no record date in sight. And if record date is announced, hold on and then strategise. Maybe one can get a chance to do arbitrage by again buying below 290 levels.
2. Those who have not bought till now, can buy in chunks of 25 % each with every 5 rs movement, upto a level of 300 ( though noy lucrative, but if the pricepoint remains at 300 till the buyback, expect 100% buyback.
2(a). If however the price falls below 280, and /or the mkt is depressed due to any reason ( election result etc), be ready to accept thay buyback will be 60-70%, but u will still make money.
3. As a thumb rule any one buying wipro today at abt 300 or more,in full quantity for buyback, is not doing the right thing. Better to wait and buy in lots at every decline if it happens. If it does not, then wait to observe the mkt and review closer to record date

nicely explained, completely agree with you, sir.

The postal ballot notice has been recd by the shareholders of wipto yesterday to give consent for the buyback.
Think a timely step. Voting ends on 1st june.

Pls m w suggest Wipro share price will down or not .I want to purchase shares for buyback

Please don’t purchase now. Wait for 270-280 level to purchase. Whether that level comes or not is hard to judge at this moment.

I DONT THINK 270-280 LEVEL WILL COME BEFORE RECORD DATE,
BETTER TO BUY SMALL AMOUNT AT EVERY DIP OF 4-5 RUPEES FROM HERE.
WE CAN GET THOSE LEVEL ONLY IF SOMETHING GOES WRONG ON 23 MAY OR ELSE IT WILL BE MISSED BUS.

What is there on 23rd of May?

LOK SABHA Election results.

Election Results bhai….

What is the benefit from buying a share for 3 months from today?

ha ha ,rate of wipro increase by RS 10 in just 7 days,After announcing of record date will increase further RS 10/-,now day by day going out of hand,

oil India,IOC, and NTPC What is the future?

Looks bleak with the policy of the current govt.

https://www.bloombergquint.com/business/fitch-ratings-sees-risks-to-oil-marketing-companies-as-govt-seeks-more-returns

Slightly off topic. Does any one have data on the subscription to the rights issue of Vodafone Idea ?

80% AS OF NOW

@admin – can you add page for Sasken Technologies – buyback proposal

yes sure. by evening we will add.

Hello sir
Can I buy this stock Wipro today for buy back purpose
So can I eligible for that sir……

yes why not. you should have bought at around 278.

Thank you sir but sir today stock is at 294 so can I get around 278 ???

WIPRO – 290+ ALREADY
DO YOU ALL STILL FEELS WE WILL GET BELOW 280 LEVEL

Atleast not for few weeks..

pls excuse for off the topic qstn.
One query I have. Can I use my saving account to apply for my father’s right issue of vodafone idea ltd.
Pls clarify any of the good self

yes you can as per my knowledge.

Wipro will cross 300 by this expiry. difficult to buy before completion of buyback

only if rupee goes above the 71 mark. or else it will cross 300 near record date .

How much time it will take to pass postal ballot?

AROUND 45-50 DAYS MINIMUM.

As brokerages downgraded wipro it started going upword . Look it will remain above 290till record dates.

Definitely not a good time to buy as per many technical analysis indicators. If buyback is between 90% – 100% INR50 upside is a good deal even if bought at 275. I would probably buy around 260/270. Exit if the stock hits between 315-325. Good luck everyone who is holding it. If one is willing to buy at this level, I would aim for price between 270-280 not beyond that

Brokerage firm CLSA on Thursday reiterated a ‘Sell’ rating on Wipro with an unchanged price target of Rs 220 per share due to its growth and execution challenges. Weak Q1FY20 guidance of -1.4 percent to 0.6 percent QoQ suggests growth challenges will persist for the company, CLSA said.

dear sir
please inform me,
If I have 100 share, then I get the benefit of buyback?

Yes of course.

I am having more than 100 wipros’s shares, how can I participate in this buyback? Kindly guide me, thank you

Please wait for the buyback to open. We will inform once it will be announced.

Buy Wipro; target of Rs 315: ICICI Direct
ICICI Direct is bullish on Wipro has recommended buy rating on the stock with a target price of Rs 315 in its research report dated April 18, 2019.

This research houses are so cunfusing…

Completely agree.

Even Angel Broking is again and again recommending Wipro shares. According to them, they have always beaten market estimates in their recommended shares and also that Wipro shares are grossly undervalued (according to them).
However one thing to note is that the profits declared now are of Wipro Limited. There is no seperate listed entity for the tech division. Wipro also has a massive market of consumer durables. And consumer durables had severely suffered a beating in the last 1 year.

http://www.moneycontrol.com/news/business/stocks/sell-wipro-target-of-rs-250-hdfc-securities-3850841.html

There are near term challenges with WIPRO. The buyback however would depend upon how many people jump in to pick up the WIPRO shares. More the number of people onboard WIPRO the lesser would be probability of a good return. Institutions would use this opportunity to see offload shares to retailers.

I hope few things can turn specially the Forex rate. Rupee should slip against the dollar. That would really boost the margins and cushion the expected wage hikes.

It is very likely unaccepted shares will see the price of 250 -260 which was the prevailing price just a few weeks back. Buyback is juicy for people for those who bought at that range. For others they can take a risk and see where it goes.

HDFC Securities’ research report on Wipro
Target – 250

We downgrade WIPRO to SELL (from Neutral), post the insipid 4QFY19 show and weak guidance. Revenue growth remains challenged and margins are peaking. The recent security breach raises questions about client’s data security and is a setback to Wipro’s reputation.

Outlook
The much awaited buyback (5.4% of equity at Rs 325/sh, 16% premium to CMP) kicks up FY21E EPS by ~2%. At 14x FY21E EPS, our TP is Rs 250 (~11 downside from CMP).

Mw
You views

As per me Mphasis was die to general market rout
If condition remain favourable or even neutral then I don’t think there will be any loss

Seems another Mphasis in the making.One should be cautious.

As we are expecting 260 which seems difficult, I Will start buying below 280.
buying 50 qty every 2-3 rupee fall, 270-275 avg price will be good.

In Mphasis also i did same mistake , buying in hurry looking at earlier acceptance ratio close to 100% , but till the time buyback started too many retail like close to 5 times retail had buyed and price had also fallen drastically , i was in heavy loss even before record date and after record date , it was like hell got fallen , finally acceptance happened at 20% and remaining shares sold at heavy loss . This time i am not in hurry once this initial euphoria will settle down price will come close to 260 in about a months time and then it will be better to add .

In 2017 whole bb process took 6 months?.. Howmuch apx time in 2019?

Buyback acceptance looks good but Wipro reported weak Q4 results , next Quarter guidance is also weak , I dont think market will be very much happy , yesterday ADR was down close to 4% , today also it is flat on the negative side . So I will not buy in a hurry , i think 260 will be a good rate to buy as buyback will not happen soon , it will take minimum of 4 months from here , so i think lower rate will be seen here and that will be the right time to buy .

WIPRO stock price was around 255 when BB news came if we consider it fair value then its fair value after this set of results will be sure below 250. so it can fall to those level after record date. As I was observing we here failed most of the time predicting the AR drastically. as in MPHASIS everyone was hoping 70% AR but it came to be 18%.
PLZ correct me if Wrong.
THANK YOU .

Don’t go by share prices of February and March. All stocks were beaten down so bad at that time. The fair price of Wipro is around 275-280. 20% above and 20% below margins are acceptable. If it goes above that, then you should worry that it is overvalued.

I see retail investors are optimistic about buyback , but this is not going to be that easy results are weak so there can be severe dragdown on remaining shares which was not taken in buyback. I see AR around 50 %
So plan accordingly . Bcz in 2017 they took 7.35 % of equity this time it’s 5.25%.

Very well explained by Jain Ji. Some points which I would like to add.

1. As per the shareholding pattern of 31.03.2018, the number of shareholder holding shares between 0 to 1 lakhs were = 8,86,48,813. However, for calculating exact Acceptance Ratio we need to find out how many Retail investors holding shares between 0-615.

2. To move one step closer, we dig into the Annual Report of 2017-18. As per the Annual Report, the number of shareholders holding shares between 0-5000 are close to 3.57 Cr.

3. As per the shareholding pattern of 08.03.2019, the number of shareholders holding shares between 0 to 1 lakhs are 11,07,88,267( this increase of close to 3 cr shares between 31.03.2018 and 08.03.2019 is due to a bonus issue of 1:3 shares in the month of March 2019).

4. After the buyback announcement, a lot of people would rush to buy. We are assuming close to 3 -4 Cr new shares would be added. So Retail quota won’t be more than 6-7 Cr. ( 3.57+1.19 bonus shares+ 3-4 Cr new shares)

5. So AR as per this calculation would come out to be 65-70%.

As an investor, we just need to worry about that 30% unacceptance. However, I feel share price would move easily pass 300 in the coming month and AR should be 100%.

In 2017 whole bb process took 6 months?..

Howmuch apx time in 2019?

Yes. Buyback completion is a big concern

Nice analysis

Great input,
Please keep it up

Sir i am looking for any website that gives details of dividend payout in advance. for buyback i think investorzone is good. anything similar for dividend & bonus shares information?

thanks

Here is my analysis on the likely buyback ratio in retail category based on past acceptance of 2017.
1. Last time wipro fixed 15sept 2017 as the record date. The shares held In june 2017 in the category of nominal capital less than 2 lac was abt 10 crores( not to be confused with mkt value upto 2 lac, but being used as the best avlble official data for comparison). By sept 17 post record date this had jumped to abt 14 crore shares and we can asdume that 4 crore shares were bought by traders for buyback. This amounted to abt 2.1% of the total shareholding of wipro.
2. The retail category portion was abt 5.6 crore shares then approx.
3. In retails almost 100% buyback happened ( or abt 99%).
4. Now this time, as of post bonus issue, the shareholding under the same nominal shareholding less than 2 lac category is abt 11 crore shares.
5. The buyback size under retail is abt 5 crore shares.
6. Assume an overflow of further buying, this category shares will swell to abt 15 crores.
7. In 2017, this ratio was 5.6cr/14 crore or 40% and despite that almost 100% buyback happened in retail.
8. Hence assuming the above ratios, i believe with 5 crore as retail buyback size and abt 15 crore share, or abt 33% ratio, we can expect abt 75% buyback in retail category.
( I hope mkt wizard will give his views on my post and am sure he may have more data to help analyse this).
I personally feel that reasonable returns can be got if shares are bought in this buyback at the current price but maybe not above this.
But do note that the process could take upto abt 6 months and also factor in a 15.6% short term capital gain tax. So if one expects a min 1.5% return per month, and i assume a worst case price of 250 for remainign wipro shares when sold, so for every 100 shares bought at 280= 28000 rupees invested, you can earn 75shares*40rs post tax and brokerage=3000rupees.
On selling the remaining 25 shares at abt 500 rs loss the profit comes doen to abt 2500 rs.
Thus on 28000 investment, one makes abt 2500 in 6 months or a return of abt 1.5% per month.
( Ofcourse above is subject to market risk and other factors which pls analyse in your own wisdom. I intend to apply and had already bought wipro a few days ago at abt 280 rs)

Pls correct in my above post to read the min price expected post buyback closure is 260 and not 250

Jai Joneses, Jain Saha, lovely work, you help us

Jai Joneses, Jain Sahab, lovely work, you help us ,rest for market wizard to guide us so we make good money

Dar Mr jain , As you present your whole working for buyback is tremendously helpful to investors.I fully agree with it. But I think acceptance ratios will be higher as earlier.
Thanks and awaiting more updates in this regard.

Very nice predicted ..pls keep it up your valuable input…

Yes, it could be. Even on conservative side, it makes sense to invest and submit in bayback. I think the way mkt is moving, you may not have to sell these left out shares at a loss.

Thank you

MW, will be get Wipro between 265 to 275 in near future till RD kindly comment.

No Buddy , Milna Mushkil Hai..

What can be the expected acceptance ratio? My broker is advising to buy maximum 650 shares to ensure maximum acceptance. Please advise..

Software services exporter Wipro Ltd today reported a 38% rise in fourth-quarter profit, helped by a strong performance from its banking, financial services and insurance segment.

Wipro’s net profit rose to ₹2,484 crore in the three months to March 31, from ₹1,803 crore in the same period a year earlier. Revenue from its mainstay IT services business grew 11.1%, driving the Bengaluru-based company’s total revenue to ₹15,038 crore ₹13,824 crore last year.

In dollar terms, IT services revenue of Wipro rose to $2,075.5 million, a growth of 1.4% quarter-on-quarter. Its IT services business reported an operating margin of 19% for the quarter.

It’s mean excellent Results..where Infy cramble, TCS and Wipro Rock.

The record date has not announced. So it will take another one month time. Slowly accumulate.

*Wipro buyback*

Price – 325/-

Size – 10,500 crores, 32,30,76,923 shares

Retail Quota- 4,84,61,538 shares

Tender route

*Record date to be announced after postal ballot*

Bought 170 shares today
Will buy some more tomorrow

@mw
Is there a chance of 100% acceptance thus time as well

Also please update on balrampur and quickheal

Wipro- Let us wait for the buyback size announcement today. The market is expecting a 12000 Cr buyback. At this size chances of 100% are very high.

Balrampur today was a Ex-date.

Record date is 18th
I think we can buy till 18
Isn’t that right

Wipro employee accounts may have been hacked, investigation on
https://t.co/5Mpzpuv1fP

Negative news dragging Wipro down . However I feel it is a good opportunity to buy wipro.

Hats off to ur views sir..

👍👍👍👍

This BB will also trap retail investors as in case of Mphasis where AR was suggested @100pc against actual of 13pc.Retailers lost heavily post bb.

Any updates on the buyback?

Wipro again giving oppurtunity.

Opportunity of?

Buying at CMP.

I am planning to give 18 share. Is possible?

Holding 160 shares @ 276/-

Bb price would be at 340. You can accumulate on dips.

WIPRO બાયબેક ઓફર 👇

BEST BUY OPPORTUNITY WIPRO….

કલાયન્ટ મિત્રોને જણાવવાનું કે WIPRO કંપની બાયબેક કરવાની છે…

★ Leading IT સોફ્ટવેર કંપની છે, ફન્ડામેન્ટલ મજબુત છે,

★ હાલ 283 Rs ભાવ છે અને કંપની 330 Rs ની આશ પાસ બાયબેક કરવાની ધારણા છે
16/04/2019 મીટીંગ મા ભાવ ફાઇનલ થશે.

★ WIPROના વધુમાં વધુ 600 શેર લઈ શકાય,એટલે 2.0 લાખ રૂપિયાના રોકાણ ઉપર સારો પ્રોફિટ મળવાની શક્યતા છે….. 50 થી 60 દિવસ હોલ્ડીંગ….

★ 25% બાયબેક કરે તો 7000 Rs પ્રોફિટ થાય
★ 50% બાયબેક કરે તો 14000 Rs પ્રોફિટ થાય
★ 100% બાયબેક કરે તો 28000 Rs પ્રોફિટ થાય… approx

Jigareligare
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07940094510

Wipro will go for tender root definitely.. as the promotor holding is 76% . so promotor also has to reduce their holding as per sebi norms..so open offer buyback is not possible in case of wipro

Tcs and Infy has beat market expection. Wipro will gap up opening on Monday.

Tendor route or open market like infy

Tender route most probably

One should be cautious . Past AR is no longer valid in next BB.Mphasis previous AR was 100% but 2018 BB it was 20% only.investors lost heavily in that BB.

Should we start to accumulate
Or wait for announcement

should start accumulating.

After BUYBACK announcement there will be only 8-10% buyback price

Dear MW, is it open tender like Infosys or not, pls. guide.

In 2017 they did a buyback of 11000 Cr at Price of 320 Per share.

In that buyback, almost 100% of shares were accepted.

Equity and Reserves available as per last audited Balance Sheet of March 2018 is close to 52000 Cr.

Maximum Buyback that can happen is 25% which comes out to be is 13000 Cr.

Last time buyback size was 23%.

So Accept a close to 12000 Cr buyback this time as well.

Chances of AR would be close to 100% again.

(i) Wipro Set to launch third Mega buyback
(ii) Possible BuyBack Size 12000 Cr
(iii) Possible Buyback Price 315-320
(iv) Cash 14277 Crore
Earlier Buybacks
2017-11000 Cr
2016- 2500 Cr

I have a query reg rules prescribed reg buy back of shares.Pl let me have an answer quoting the relevant rule. The same query is already on your site.
I hold 500 shares of wipro on record date. Suppose my entitlement is 300 shares and the offer letter says that i may offer more than the entitlement, it is clear I can offer 499 shares which may of may not be accepted for buy back.
The query is as follows. Suppose I have purchased another 200 shares after the record date, can I offer 700 shares, ie. 201 shres more than what I was holding on the record date. My broker says that NSDL will reject my request in toto. my personal view is that as the offer letter nowhere says that the maximum no of shares, I can offer is capped at my holding on record date, my request cannot be rejected and will have to be decided proportioanately to my offer. Kindly clarify as this is a moot question. M.Sundararaman

You can offer only 500 shares which you hold on record date.

ON DISCRETIONARY BASIS WHICH YOU THINK – WONT THEY BE INTERESTED IN MAKING THE COMPANY ACCEPT THE SHARES OF THEIR OWN / RELATED PARTY’S SHARES SEEING THE CURRENT RATE? IF YOU WILL LIKE TO REDUCE YOUR LOSS WHY WOULD NOT THEY BE ALSO INTERESTED IN THEIRS ALSO. THEY HAVE KEPT ASIDE SOME FUND AS PER THE REGISTER OF RETAIL SHAREHOLDERS AS ON RECORD DATE. ALSO THIS IS NOT RIGHT ISSUE WHERE THEY ASK MONEY AND HERE THEY ARE GIVING IT AWAY. THANKS.

Wipro Buyback 2019

Wipro Buyback 2019

Buy Back Offer Deal:

Details of Buyback:

Salient financial parameters:

How to Participate in buyback?

Profit from the buyback on the bases of acceptance Ratio:

Recommendation:

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