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Welspun India Buyback 2023 vs Wipro Buyback 2023

Comparison between Welspun India Buyback 2023 and Wipro Buyback 2023.

Buyback Details

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

 Welspun India Ltd.Wipro Ltd.
LogoWelspun India Buyback 2023 LogoWipro Buyback 2023 Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹1 per share₹2 per share
Buyback Price₹120 per share₹445 per share
Issue Size1,62,50,000 shares26,96,62,921 shares
Issue Size (Amount)₹195.00 Crores₹12,000.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders5 Equity Shares out of every 81 Fully paid-up Equity Shares held on the Record Date.2,437,500.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 69 Fully paid-up Equity Shares held on the Record Date.13,812,500.00
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders62 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 Shareholders26 Equity Shares out of every 603 Fully paid-up Equity Shares held on the Record Date.229,213,482.00
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Lead ManagersDam Capital Advisors Ltd.JM Financial Ltd.
Necessity of the buyback

The Buy-back is being undertaken for the following reasons:

  1. The Buy-back will help the Company to return surplus cash to its members, holding equity shares, in proportion to their shareholding.
  2. The Buy-back includes a reservation for the small shareholders. The Company believes that this reservation for small shareholders would benefit a large number of public shareholders, who would get classified as "small shareholders".
  3. The Buy-back may help in improving return on equity, by reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
  4. The Buy-back gives an option to the members 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 Buy-back.

The Buyback is being undertaken for the following reasons:

  1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares.
  2. 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".
  3. 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.
  4. 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

Welspun India Buyback 2023 and Wipro Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Welspun India Buyback 2023 Buyback record date is May 10, 2023. Wipro Buyback 2023 Buyback record date is Jun 16, 2023.

 Welspun India Ltd.Wipro Ltd.
Record DateMay 10, 2023Jun 16, 2023
Offer Open DateMay 16, 2023Jun 22, 2023
Offer Closure DateMay 22, 2023Jun 30, 2023
Last date for receipt of tender formsMay 22, 2023Jun 29, 2023
Finalisation of buybackMay 26, 2023Jul 05, 2023
Last Date for settlment of bidsMay 29, 2023Jul 06, 2023
Last Date for extinguishment of sharesJun 07, 2023Jul 17, 2023

Financial Details and Other Relevent Information

Comparison of Welspun India Buyback 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.

 Welspun India Ltd.Wipro Ltd.
Financial
Welspun India Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-197,742.286,608.44226.182,779.302,623.551,908.43
31-Mar-208,310.286,836.18524.362,972.102,972.501,684.85
31-Mar-218,677.787,407.95550.793,644.703,516.391,096.19
31-Mar-229,436.859,377.31606.703,971.703,862.031,214.18
31-Mar-238,650.0082,151.00202.5140,878.003,974.85
Amount in ₹ Crore
Wipro Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-1876,064.0054,635.908,008.1048,534.6013,825.90
31-Mar-1983,317.1058,906.009,003.1057,075.309,946.70
31-Mar-2081,278.9061,340.109,721.8055,933.305,886.00
31-Mar-2182,732.2062,242.5010,794.6055,459.3010,451.40
31-Mar-22107,505.4079,528.9012,219.1065,867.3017,592.90
31-Mar-23117,582.20282.2037.60
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2023 70.37 62.20 66.47
Feb-2023 73.00 63.60 68.96
Jan-2023 77.65 65.25 72.25

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
Mar-2023 70.40 62.00 66.50
Feb-2023 71.85 63.50 69.00
Jan-2023 77.70 66.25 72.29

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

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Welspun India Ltd.Wipro Ltd.
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Compare:

Welspun India Buyback 2023 and Wipro Buyback 2023