BSE Buyback July 2023 vs Wipro Buyback 2023

Comparision between BSE Buyback July 2023 and Wipro Buyback 2023.

Buyback Details

BSE Buyback July 2023 is a Tender Offer buyback proposed to list at NSE while Wipro Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

BSE Limited

Wipro Limited

Logo

Type of Buyback

Tender Offer

Listing At

NSE

BSE, NSE

Face Value

₹2 per share

Buyback Price

₹1080 per share

₹445 per share

Issue Size

34,70,370 shares

26,96,62,921 shares

Issue Size (Amount)

₹374.80 Crores

₹12,000.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	1 Equity Shares out of every 26 Fully paid-up Equity Shares held on the Record Date.	520,556.00
General Category for all other Eligible Shareholders	2 Equity Shares out of every 83 Fully paid-up Equity Shares held on the Record Date.	2,949,814.00

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	62 Equity Shares out of every 265 Fully paid-up Equity Shares held on the Record Date.	40,449,439.00
General Category for all other Eligible Shareholders	26 Equity Shares out of every 603 Fully paid-up Equity Shares held on the Record Date.	229,213,482.00

Registrar

Kfin Technologies Limited

Lead Managers

Nuvama Wealth Management Limited

Jm Financial Limited

Necessity of the buyback

The proposed Buy-back will help the Company achieve the following objectives:

To return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
The Buy Back, which is being implemented through the tender offer involving a reservation for Small Shareholders of 15%. The Company believes that this reservation of 15% for Small Shareholders would benefit a large number of public shareholders.
The Buy Back may help in improving return on equity.
The Buy Back gives an option to the shareholders holding Equity Shares of the Company, to either choose to participate and get cash in lieu of Equity Shares or choose not to participate and enjoy a resultant increase in their percentage shareholding.

The Buyback is being undertaken for the following reasons:

The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares.
The buyback consists of a 15% reservation for the small shareholder. The company believes that this reservation for small shareholders would benefit a large number of public shareholders who would get classified as "small shareholders".
The buyback may help in improving return on equity, and reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer.

Buyback Timetable

BSE Buyback July 2023 and Wipro Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. BSE Buyback July 2023 Buyback record date is Sep 14, 2023. Wipro Buyback 2023 Buyback record date is Jun 16, 2023.

	BSE Limited	Wipro Limited
Record Date	Sep 14, 2023	Jun 16, 2023
Offer Open Date	Sep 21, 2023	Jun 22, 2023
Offer Closure Date	Sep 27, 2023	Jun 30, 2023
Last date for receipt of tender forms	Sep 27, 2023	Jun 29, 2023
Finalisation of buyback	Oct 04, 2023	Jul 05, 2023
Last Date for settlment of bids	Oct 05, 2023	Jul 06, 2023
Last Date for extinguishment of shares	Oct 16, 2023	Jul 17, 2023

Financial Details and Other Relevent Information

Comparison of BSE Buyback July 2023 and Wipro Buyback 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

BSE Limited

Wipro Limited

Financial

BSE Buyback July 2023 Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	4,475.77	4,627.08	6,185.40	5,993.81
Revenue	630.00	654.65	863.53	953.94
Profit After Tax	120.61	141.70	244.93	205.65
Net Worth
Reserves and Surplus	2,406.39	2,473.64	2,613.13	2,648.25
Total Borrowing

Amount in ₹ Crore

Wipro Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-18	76,064.00	54,635.90	8,008.10	48,534.60	13,825.90
31-Mar-19	83,317.10	58,906.00	9,003.10	57,075.30	9,946.70
31-Mar-20	81,278.90	61,340.10	9,721.80	55,933.30	5,886.00
31-Mar-21	82,732.20	62,242.50	10,794.60	55,459.30	10,451.40
31-Mar-22	107,505.40	79,528.90	12,219.10	65,867.30	17,592.90
31-Mar-23	117,582.20	282.20	37.60
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
May-2023	405.95	379.00	389.50
Apr-2023	388.00	351.85	370.38
Mar-2023	413.00	355.00	375.75

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2023	1084.90	804.00	893.05
Jul-2023	814.00	611.75	733.72
Jun-2023	624.30	551.45	579.01

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
May-2023	406.00	379.00	389.52
Apr-2023	388.00	352.00	370.40
Mar-2023	396.65	355.00	375.71

Compare with others

BSE Limited	Wipro Limited
Larsen & Toubro Buyback 2023	Goldiam International Buyback 2023
Aarti Drugs Buyback 2023	BSE Buyback July 2023
Indiamart Intermesh Buyback 2023	Amrutanjan Health Care Buyback 2023
James Warren Tea Buyback 2023	Axita Cotton Buyback 2023
Goldiam International Buyback 2023	Welspun India Buyback 2023
Amrutanjan Health Care Buyback 2023	Ashiana Housing Buyback 2023
Axita Cotton Buyback 2023	Emami Limited Buyback 2023
Welspun India Buyback 2023	Godawari Power and Ispat Buyback 2023
Wipro Buyback 2023	Ajanta Pharma Buyback 2023
Ashiana Housing Buyback 2023	Natco Pharma Buyback 2023

Comments

Add a public comment...