Wipro Buyback 2023

Wipro is an Indian multinational corporation that provides information technology, consulting and business process services to customers in 167 countries. It was founded in 1945 as a vegetable oil manufacturer and later diversified into IT and computing industry in the 1970s and 1980s. Wipro is headquartered in Bengaluru, India, and has overseas offices in New Jersey, USA. Wipro’s capabilities range across cloud computing, cyber security, digital transformation, artificial intelligence, robotics, data analytics, and other technology consulting services. Wipro also has a separate company called Wipro Enterprises that focuses on consumer care, lighting, furniture, hydraulics, water treatment, and medical diagnostics.

Buy Back Offer Deal:

Buyback Type: Tender Offer
Buyback Record Date: Jun 16 2023
Buyback Opening Date: Jun 22 2023
Buyback Closing Date: Jun 29 2023
Buyback Offer Amount: ₹ 12,000 Cr
Date of Board Meeting approving the proposal: Apr 27 2023
Date of Public Announcement: Apr 27 2023
Buyback Offer Size: 4.91%
Buyback Number of Shares: 26,96,62,921
Price Type: Tender Offer
FV: 2
Buyback Price: ₹ 445 Per Equity Share

Details of Buyback:

The proposal to buyback not exceeding 26,96,62,921 (Twenty Six Crore Ninety Six Lakh Sixty Two Thousand Nine Hundred and Twenty One only) equity shares of the Company (representing 4.91% of the total number of equity shares in the paid-up share capital of the Company) at a price of Rs. 445 (Rupees  Four Hundred Forty-Five Only) per equity share payable in cash for an aggregate consideration not exceeding 12,000 Cr (Rupees Twelve Thousand Crores Only).

Salient financial parameters:

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Sales 54,487 59,019 61,138 61,935 79,312
Expenses 44,100 47,406 48,795 47,164 62,628
Operating Profit 10,387 11,613 12,342 14,771 16,684
OPM % 19% 20% 20% 24% 21%
Other Income 2,550 2,614 2,728 2,404 2,067
Interest 583 738 733 509 532
Depreciation 2,112 1,947 2,086 2,763 3,078
Profit before tax 10,242 11,542 12,252 13,903 15,141
Tax % 22% 22% 20% 22% 19%
Net Profit 8,003 9,018 9,772 10,868 12,243
EPS in Rs 13.27 14.92 17.02 19.7 22.31
Dividend Payout % 6% 7% 6% 5% 27%

How to Participate in buyback?

1. Firstly, to be eligible for the buyback the investor should have shares of  Wipro Limited in  Demat or physical form as on the record date [16.06.2023] 2. Once you have shares in Demat, you can participate in the buyback process which is opening from [22.06.2023 to 29.06.2023] by selling your shares through your broker on NSE or BSE. 3. Then on [before 06.07.2023, 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 449 Shares at CMP of Rs. 375 (2,00,000/445)
Acceptance Ratio 33% 50% 75% 100%
Amount Invested In Buyback 1,68,375 1,68,375 1,68,375 1,68,375
No. of Shares Buyback 148 225 337 449
Buyback Profit 10,360 15,750 23,590 31,430
Profit % 6.15% 9.35% 14.01% 18.70%


Expected AR would be around 30%. So take call accordingly.


    Kindly create a new column for TCS buyback
    or comment here only
    Though I am stuck since last TCS buyback

      T C S has not made any announcement about buyback which I have expected to be along with the Q1 results. Dividend is a paltry sum of ₹9/ . So we may still hope for the buyback.

    Sold remaining shares today and booked decent profit in Wipro.

    Hello all, i bought wipro on 12th before 16th which was tecord date. I tendered all share in icici dmat. But zero share accepted. What should i do? ICICI is not giving any response

      All those who provide Demat accounts are not responsible brokers. I think you choose the wrong one. Please change your broker immediately to some who have simple online facilities like Zerodha Broking. Please sue your negligent broker immediately for damages if you have the resources and patience after representations.

    When I have messaged on April 27th that AR would be more than 80%, many have laughed at my comment. AR is now known as around 77.4%, nearer to my anticipation . Please carefully examine n consider the views of the readers before hastily………….. Of course, many times I am proved wrong also.

      Great prediction Siva. It seems we are all learning together 🙂
      and please do not get hurt. Every person thinks differently according to his previous buyback experience. But yes, everyone should respect other people view even he differ from theirs.
      Nonethless, let me know when I can throw a party for you 🙂

        In fact, I have messaged that I am hopefully looking forward for the AR of not less than 80%. O K. Just I am recollecting. My only intention in posting the message is to suggest that every reader should respect the views of the others though one may not agree with the other’s views. Nothing else.

      Though the eligible amounts are credited to the respective two bank accounts, unaccepted shares are yet to be credited to the D mat account of ICICI SECURITIES LIMITED. All the best to all of you. Thank you.

      Appology personality and on behalf of most of this magnificent group members, SRK Ji in case if anyone had hurt/ridiculed you or your valuable informations and well researched comments, at all. I have great appreciation and respect for you
      Let us, the retail investors be greatful to the Promoter of this great conglomerate and well known Philanthropist Sarva Sree Azim Premji for our gains. He may probably have surrendered his entitlement for the humble retail investors like us. I who is one among many of those who have been holding on to Wipro shares bought even @ 588/ last year am still a looser. I will be looking forward to your valuable informations and suggestions always.

        Gopi ji,
        No question of being hurt as I believe in accepting people as they are. Just advising to respect the views of the other readers even if you don’t agree with their ones. That’s all. Let’s close the topic.

    348/450, Very good AR. Remaining shares yet not received. Good gain in short term. Amount also received.

      The AR is around 78% approx. for retail category. Not sure for general category.

    Excellent Buyback of 77.29% in Wipro. Much relief after TCS fiasco…
    Lets hope TCS comes with a larger size Buyback to have atleast 50-60% AR.

        Harminder ji, You may be thinking on the basis of initial debit of shares from your account that it was 100% acceptance. First of all, the shares tendered for the buyback will be debited from your account. Then the unaccepted shares will be credited back to your account. Sorry for disappointing you. All the best.

      Board meeting on 12/7/23 to consider audited financial results and dividend. Nothing in the Event column on buyback. Would you like to comment on source of information, Sumit ji?

        Gopi ji, Actually its only hearsay…
        But a logical one, the cash on books is large and they have no plan…
        Also Tata Sons need money from TCS regularly and Buyback is the most efficient way… It has been some time that TCS has not come out with Buyback… Dividend is not that useful//

          Thank you Sumit ji for your prompt response. Let us wait in anticipation and hope some good news will come to share.Like in the case of Wipro,BSE etc.

    Days Position- -03/JUL-R1827 FA Bal -293.73 Dr Margin used 0 NSE,WIPRO (-)371@445 Thanks – SSCORP
    Posting above sms as proof. It is indeed 371 out of 480

      Yet another happy news of the day Umesh Ji. Waiting for the confirmation. Last buyback of TCS was @4500/ per share and AR was less than 30% Left overs are still with me at substantial loss. Need not buy much this time. Thank you for the great news.

      When I have messaged on April 27th that AR would be more than 80%, many have laughed at my comment. AR is now known as around 77.4%. Please carefully examine n consider the views of the readers before……….

    BSE LIMITED has informed the Exchange about Board Meeting to be held on 06-Jul-2023 to consider Buyback.

      Thank you Mohsin ji for the good news. BSE share needed something like this to justify itself. I have been waiting for this to get out of my holdings of BSE bought at around ₹ 700/. The share price has gone up more than 10% today at some point of time. Great news to me.

      Dear Jenith,
      From where you got this information of 77.35% acceptance of wipro shares in retail category , kindly re confirm the source and its authenticity. Thanks in advance.

      You are having decimal point accuracy. Why are doubting?

    As per Final Total Subsciption 4209653606, Since Promotor Group is Participating & having ~73% Holding. Seems like Retail AR should be Atleast 44-45%.

    Sorry for posting in Wipro Buyback but I do not see any option to discuss the delisting of ICICI Securities
    This is the first time in my life I am making a trade to gain on the delisting of shares. I studied a few delisting in India and it seems that the small shareholder made handsome money in most of the cases. I bought decent shares of ICICI Securities before the meeting and it seems I am at break even at the moment. Does anyone have some experience or suggestion?

    Breaking News : Wipro Buyback 👍

    Revised Date for Intimation of Acceptance : 03 July

    Revised Settlement Date or Payment Date for Buyback : 04 July

      Can you share the source of your information as no filing is made on the BSE/NSE yet regarding this updated schedule?

      Dear Umesh Paliwal,
      Please given authentic information about the wipro acceptance because you are much authentic, Please reply immediately by knowing from your sources.

      Mr U N Kedia,

      Do you have any information about actual acceptance of wipro in retail category as some members telling 77.35% is it correct , please confirm

    Wipro No Of orders BSE+NSE
    Approximately 3.90 Lakh.
    From 27.47 Lakh.
    Looks Good Acceptance Ratio In Retails above 60%.

      Dear Mohsin Patel,
      Do you have any information regarding wipro buyback retail category acceptance ratio as some members writing about 77.35% acceptance is it correct, please confirm from your sources if possible and thanks in advance.

        Everywhere same posts regarding 77.35%.
        Lets wait till evening for
        Final real acceptance ratio

    Around 130 Cr shares not tendered for Buyback. If we assume that promoters tendered as intended in lettet of offer than 10 Cr not tendered by promoter and rest around 120 Cr shares not tendered by non promoter

    Experts’ comments awaited please on Amrutanjan buyback.

      Buyback size itself 26.96 crore.
      As of now, 69.59 crores tendered..
      2.58 times…

      Still 3 working days remaining. Just wait for final numbers..

    As per nse data of buyback bidding details almost all retail traders have tendered their shares

      These are Individual Shareholder and Individual shareholder can be retails Shareholder i.e. holding value less than Rs 200000 and HNI. till date only 1 lakh shareholders tender there shares out of more than 28 lakhs shareholders

    Hello every one !!

    I have a question. I was holding 450 shares as on record date. I got an email for 105 shares from WIPRO for buy back (23.34% ER ).

    As per my broker’s opinion AR will be appx. 40 percent = 180 Shares (450 shares * 40%)

    So can I sell 270 shares tomorrow (Being 450-180 as calculated above).

    Or i have to buy back 450 shares than AR will be counted on that

      Hi haresh, As per my opinion, AR will be little more than 40… So you can hold half the shares you have…

      Coming to your question, 105 shares will be accepted minimum. after that additional accepted share based on your total number of tendered shares.
      Example if you tender 105, 105 fully accepted.
      If you tender some 205, then it will be 105+ some 20 or 30 (Its depends on total tendered retail shares)
      If you tender all the 450, then accepted shares will be higher, say 105+ some 70 to 100…
      more number of tendered shares results more number of accepted shares

        Any experts, please correct me if I am wrong.
        more number of tendered shares results more number of accepted shares.

        Yes you are right
        The more number of shares send possibility is more to get accepted
        If you send all then 40% AR will be considered on the basis of no shares sent to company

      AR count on Applied shares.
      So apply 450 shares for maximum AR benifits.

    I don’t have knowledge about buybacks,

    Currently i have 202 wipro shares at AVG 519.58.

    i got buyback mail today

    No. of Equity Shares held as on Record Date – 202
    Entitlement for Buy Back in terms of No. of Equity Shares – 47

    1. they will automatically take the shares or have to give perimission?
    2. they will buyback 47 shares ONLY or all the 202 shares?

      no for both the questions.
      1. You have to tender shares. If you are using zerodha or similar brokers, just go to corporate actions, buyback offers, tender the shares.
      2. You can tender all your shares, accepted number of shares always will be more than entitlement. In your case, roughly around 80 to 100 may be accepeted if you tendered all.

      1. You have to place your bids through your broker.

      2. You get mail of entitlement ratio those shares guarantee accepted in buyback. If u place total your holding thn it accept more thn entitlement.
      Better place all shares.
      We expected Acceptance Ratio 38-47%

      You said your holding avg price is 520 but the buyback price is 445. Will you tender at a loss of 75/share,I.E., 15% loss. I think you could have bought additional 300 shares during buyback announcement at 370-380 price range and bring the avg down to 440 and then participate to just break even exit. Time already gone. Think & plan accordingly.

    Umeshji/SRKJi, I hope WIPRO will send email. Anybody has received?

      Hi Tarun, I just got mail, 116 out of 500 i hold, need to see how AR will work

      ER 111/475 as seen from the offer letter mailed.

        Dear Sivaramakrishna,
        you are the most influential member of this forum please confirm from your source that final acceptance of wipro share in retail category is 77.35% or it is wrong because I know that you have sources of information. Thanks in advance.

      What is the reason for the price increase after the announcement of buy back date? Anyway eligibility record date is over.

      My guess – 37 to 42 percent. Hope this beaten down sector will bounce back to its historical global glory soon 🔜

    *WIPRO BUYBACK Schedule*

    Retail Entitlement Ratio : 23.39% (62 Shares v/s Every 265 Shares)
    Buyback Window OPEN Date : 22 JUNE
    Buyback Window CLOSING Date : 29 JUNE
    SETTLEMENT Date (Receipt of Payment and Release of Unaccepted Shares) : 6 JULY

      Can anybody guid eme whether buyback profit is tax-exempt? If yes, which section of IT rule?

        The income is exempt in the hand of the shareholder as per Section 10(34A) read with Section 115QA.

      Yes, profit arising under buy back is exmpt from tax. I think sr. No. 26 of the letter of offer deals with taxation.

    ER is
    62 Equity Shares out of every 265 fully paid-up Equity for reserverd category
    26 Equity Shares out of every 603 fully paid-up Equity for general category

    Wipro Buyback dates are updated as per New schedule. Official announcement awaited.

      Umesh ji,

      Thank you very much for your clarification. I got a doubt in this regard and about to ask you. Now it’s cleared.

      Excellent update. Thank you Umesh ji for your promptness in making the issue quite clear. Appreciate the concerned authorities for enacting the rule and Wipro for obeying and setting example.

    Received message, not sure..
    New SEBI Rules for Buyback.

    • Entitlement Ratio to be Shared with Shareholders (Letter of Offer) within 2 working Days from Record Date

    •• Buyback Window to Open within 4 Working Days from Record Date

    ••• Buyback Payment to be done within 5 Woorking Days after Tender Window Close

    Anybody please correct me…

      As per my calculation, ER should be around 10-15% and AR will be 40-45%

    As per new buyback rules announced after feb-23.

    After record date announcement.

    T+5 days – Open date
    T+9 days – Close date
    T+14 days – Return money of investors

    Holding Upto 524 shares as on today (being the Record Date) will be considered under Retail Category.

    Finally brought WIPRO 500 shared at @390 for buyback, hope this will give me some money. Tried this after big losses in earlier ones like Symphony etc…

      I have bought 1011 share of Wipro around 392. Hope, we will make 8-10% in this buyback.

    If a partnership firm has holding of WIPRO shares less than 2 lakhs value, is it considered as small shareholder?

    Breakdown of the maximum number of Equity Shares intended to be offered by each Promoter and Promoter Group entity: Total = 391 Crores shares out of ~400 Cr hold by promoter.

    Azim H Premji: 15,22,82,702 Equity Shares
    Yasmeeo A Premji: 26,89,770 Equity Shares
    Rishad Azim Premji: 17,38,057 Equity Shares
    Tariq Azim PremJi: 15,80,755 Equity Shares
    Mr. Azim Hasham Premji Partner Representing Hasham Traders: 92,89,46,043 Equity Shares
    Mr. Azim Hasham Premji Partner Representing Prazim Traders: 1,11,00,92,315 Equity Shares
    Mr. Azim Hasham Premji Partner Representing Zash Traders: 1,13,56,18,360 Equity Shares
    Hasham Investment and Trading Co. Private Limited: 14,25,034 Equity Shares
    Azim Premji Philanthropic Initiatives Private Limited: 1,45,68,663 Equity Shares
    Azim Premji Trust: 55,81,76,017 Equity Shares

    Please note that these figures represent the maximum number of Equity Shares each entity intends to offer in the Buyback

      Thank you very much for sharing the details.

      IS it good price to buy ?
      what is expected AR now?
      what is last date for buying?

      Just saw. Sorry, I guess the date is gone. Sharea have to be in demat account on 16th June, so I guess by 15th it had to be bought

        I have already some shares in my portfolio, how to participate in the buy back, I’m using dhan, can you please guide me in this

    WIPRO Buyback RECORD DATE Announced

    Record Date for Eligibility : Friday, JUNE 16

    Buyback Price : 445 ₹
    Today’s Closing Price : 405 ₹

    Buyback Size ₹ : 12,000 Crore
    Buyback Size in Share : 26,96,62,921 Shares

    Retail Reservation : 4,04,49,439 Shares

      Umesh ji,
      Thank you very much for your kind information.

      Thank you for your update. May I know how the promoter holdings and their individual participation in full or part is going to affect the retail investors like me.


      But Record date not declared alongwith the e voting result as expected

    I booked my profit today and move out from Wipro. Will buy again if available on a better price.

    SRK Ji, for about 2 years I was away from Buy Back so forgot all about Buy Back. Request to teach me about its time frame etc.

      Tarun ji,
      Happy to see your message after a long time. Hope that everything is fine at your end. Regarding time frame of the buyback, it has become a difficult task to assess nowadays, as there is no hard and fast rules. Generally, it will be two and half months from the announcement. It may vary from one to another. Sorry, if I disappointed you. All the best.

        Sir Namaste i am following you since several days i hope u can clear my doubts in wipro so plese help me
        why today wipro is falling heavily despite of the buyback date announcement date is awaiting
        is there any specific reason

          Dear Rao ji, fluctuations in the share price is a regular aspect and it happens through out the trading day. You alone should decide at what price you should buy or sell. Please avoid taking advice from any one other than closely known friends or relatives
          If the price has fallen by a few rupees, please don’t bother much.Accept it as natural. Please avoid panic reactions atleast Wipro is a well reputed company, chance of cheating by the Promoters is not going to happen atleast. Wishing you luck and better luck 🙏

      SRK Ji, Thank you for quick response. I have purchased 450 shared at average price of rs.385.9 including brokerage taxes etc. How is my purchase? Today it’s bit down by @ rs.2 or so.

        Tarun ji,
        Earlier I have purchased 500 shares @ around Rs.372/-. Don’t worry too much about fluctuation of two or three rupees. Your price is a reasonable one, I believe.

      Every one is waiting for record date .buyback price 445 rs declared.

    Goldiam international board meeting on 20th May 23 for buyback .last time AR was very less.

    For the benefit of the readers who desires to know about Retail/ small share holder or Retail Category, the following is reproduced below:

    As defined under Regulation 2(i)(n) of the Buyback Regulations, a “Small Shareholder” is a Shareholder who holds Equity Shares whose market value, on the basis of closing price on Stock Exchanges as on Record Date, is not more than Rs 200,000/- (Rupees two hundred thousand only). For example, as on the Record Date, the volume of Equity Shares traded on BSE was 15,887 and on NSE was 1,14,137 Equity Shares. Accordingly, NSE, being the stock exchange with highest trading volume, the closing price at NSE was Rs 184.40 and hence all Shareholders holding not more than 1,084 Equity Shares (200000/ Rs.184.40= 1084.60) as on the Record Date are classified as ‘Small Shareholders’for the purpose of the Buyback Offer…..

    Thus Record date is the criteria as detailed above. Hope it is clear now to act accordingly to ensure that you enjoy the advantage of the retail category.

    In the buyback of the year 2020-21, the buyback price was Rs. 400/- and the market price on the closing day of the buyback I.e.,11/01/2021 has touched the price of Rs.440/- and on the subsequent day it touched the price of Rs. 460/-. It is needless to mention here that the AR was 100%. So, please don’t tender the shares for the buyback before the last day without observing the trend. This time also, I am hopefully looking forward for the AR of not less than 80% even in the present conditions of the market. All the best to all of you. Thank you.

      SRK Ji, Comprasion Between Last buyback of Wipro

      1. Market Senario :- Last time the situation for IT industries was favorable but this time it is totally different.
      2. No of Share for RII Category :- Last time total no of Share holder was Apx 7 Lacs in retail Category having total share Apx 7.61 Crore but this time total no of Share Holder in reserve category is double

      So as per my analysis AR will be around 50-60% this time.

        Ankit ji,
        Thank you very much for your response n analysis. Opinions may differ but not the relations. I believe that I have a little knowledge and hence I have particularly mentioned “even in the present conditions of the market”. Of course, my assessment may go wrong. Anyway, I appreciate your readiness to respond. All the best.

          Thanks Ankit and SRK Ji. Valuable advise which I will keep in mind. Also, can you give me approx timeline as per the new buyback rules so I can manage funds and plan accordingly.

            Hi Rohit ji, There was a mail regarding postal ballot voting for approval for buyback from shareholders and the voting will be until June 1st. So I am guessing the buyback record date should be post-approval, not before June 1st.

    WIPRO BIG SIZE Tender Buyback Proposed

    Buyback Price : 445 ₹
    Today’s Closing Price : 374.40 ₹

    Buyback Size ₹ : 12,000 Crore
    Buyback Size in Share : 26,96,62,921 Shares

    Retail Quota : 4,04,49,439 Shares
    Record Date for Eligibility : To Be Announced

      Thank you, Umesh Ji, for your kind information.

    Buyback Price Rs. 445 per Share
    Buyback Size 26,96,62,921 Equity Share through tender route
    Record date will Anounce After passing of special resolution
    through a postal ballot

    Tender offer at the rate of 445 rs
    Near about 27 cr shares will taken back

    Purchased 500 shares at the average price of Rs. 371.9 on 24/04 with the belief that the buyback will be through the Tender route as was on the previous occasions. All the best to all of you. Thank you.

      Very good rate, SRK ji. Hope you would get good profit!

        Thank you, Sumit ji. However, today also I have purchased 500 more shares @ around Rs. 374.10 for another account. Sir, have you purchased any?

          No Sir, I plan to buy at 368 or lower (if it happens ) before the dividend or later at Ex- dividend. My observation, is that whenever share is with Dividend and Buyback, it is better for tax and overall profit purpose to buy after ex-dividend,, IT companies are not flavor of the market, already suffered around 1.5L in TCS buyback…
          So taking care,,, All the best to you.

          Sir, can I bought share of amount less than 2lakh(on record date) from 2 account then still be consider as small share holder? Plz reply

            If the PANs and names of the holders of the two accounts are different, then it’s OK. If the PANs are same, you will not be considered a small share holder in that case.

            1. NO OF SHARES WIPRO PROPOSED BUYBACK :269662921
            2. (15%)MEANS RETAILES PROPOSED BUYBACK : 40449438
            3. NO OF SHARES HELD BY RETAIL INVESTORS:284151674
            4. NO . OF RETAILES : 2643812

    Welspun India to come up with Buyback on 27th April. The price has run from 63 to Rs 83 in 1 month.
    Can experts kindly suggest if it can be entered now for the sake of buyback?

      Sumit Ji
      the price movement in stock is exactly the same as previous BB.
      I think we should wait for details and price to reduce a bit.
      Would appreciate your opinion on the same.

        Thanks Nixon, I am feeling the same, but seen that there is a scope of price appreciation, as stock is Ok and dividend would also be given…. May be better to buy after record date of Dividend…
        If market goes up, then it would have price appreciation and BB, as in Welspun Ent. Else..
        I have put buy bid around 1000 (25%) at Rs 82, if it comes today…
        Would wait for more details in MOM of board meeting for any further addition.

    80% chance of open offer, as the primary reason is to boost the shar price and not to reward share holder.

      last four wipro buybacks was tender route,this time also they will announce tender route only…90 percent chances

      100% Chances is through tender route as the shareholding of Promotor and Promotor Group is 72.92% if they go through open market then their shareholding will be go beyond threshold limit i.e. 75%

        Thanks, Good Point, although depends on the %age of BB.

        As per my knowledge, promoters can also participate in open offers.

            Thanks, Gaurav for correcting my knowledge. I check the Buyback Regulation 2018 and it is clearly mentioned that the Promoters and Person In Control cannot offer a share in open market buyback 🙂

Leave a Reply