Welspun India Buyback 2023 vs Wipro Buyback 2023

Comparision 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 Limited

Wipro Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹1 per share

₹2 per share

Buyback Price

₹120 per share

₹445 per share

Issue Size

1,62,50,000 shares

26,96,62,921 shares

Issue Size (Amount)

₹195.00 Crores

₹12,000.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	5 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 Shareholders	1 Equity Shares out of every 69 Fully paid-up Equity Shares held on the Record Date.	13,812,500.00

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

Link Intime India Private Ltd

Kfin Technologies Limited

Lead Managers

Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)

Jm Financial Limited

Necessity of the buyback

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

The Buy-back will help the Company to return surplus cash to its members, holding equity shares, in proportion to their shareholding.
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".
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.
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:

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

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 Limited	Wipro Limited
Record Date	May 10, 2023	Jun 16, 2023
Offer Open Date	May 16, 2023	Jun 22, 2023
Offer Closure Date	May 22, 2023	Jun 30, 2023
Last date for receipt of tender forms	May 22, 2023	Jun 29, 2023
Finalisation of buyback	May 26, 2023	Jul 05, 2023
Last Date for settlment of bids	May 29, 2023	Jul 06, 2023
Last Date for extinguishment of shares	Jun 07, 2023	Jul 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 Limited

Wipro Limited

Financial

Welspun India Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-19	7,742.28	6,608.44	226.18	2,779.30	2,623.55	1,908.43
31-Mar-20	8,310.28	6,836.18	524.36	2,972.10	2,972.50	1,684.85
31-Mar-21	8,677.78	7,407.95	550.79	3,644.70	3,516.39	1,096.19
31-Mar-22	9,436.85	9,377.31	606.70	3,971.70	3,862.03	1,214.18
31-Mar-23	8,650.00	82,151.00	202.51	40,878.00	3,974.85
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
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

Compare with others

Welspun India Limited	Wipro Limited
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Goldiam International Buyback 2023	BSE Buyback July 2023
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Amrutanjan Health Care Buyback 2023	Axita Cotton Buyback 2023
Axita Cotton Buyback 2023	Welspun India Buyback 2023
Wipro Buyback 2023	Ashiana Housing Buyback 2023
Ashiana Housing Buyback 2023	Emami Limited Buyback 2023
Emami Limited Buyback 2023	Godawari Power and Ispat Buyback 2023
Godawari Power and Ispat Buyback 2023	Ajanta Pharma Buyback 2023
Ajanta Pharma Buyback 2023	Natco Pharma Buyback 2023

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