CMP: Rs 281
Buy-Back Price: Rs 325
Wipro to the buy back by its fully paid-up equity shares of Rs.2 each (“Equity Share”) not exceeding 32,30,76,923 equity shares (representing 5.35% of the total number of equity shares in the paid-up share capital of the Company) at a price of Rs. 325/- (Rupees Three hundred twenty five only) per equity share (the “Buyback Offer Price”) payable in cash for an aggregate consideration not exceeding Rs.10,500 crores (Rupees Ten thousand five hundred crores only) (the “Buyback Offer Size”) .Before this buyback company has announced two buyback which was in 2016 and 2017 for a total amount of Rs. 2500 Cr. and Rs 11000 Cr. respectively and for retail shareholder acceptance ratio was 100% & 99%.
| BSE Group |
A |
| BSE Code |
507685 |
| NSE Symbol |
WIPRO |
| 52 Week High Rs. |
297.00 |
| 52 Week Low Rs |
190.12 |
| Industry PE |
20.5 |
| CMP |
Rs.281.00 |
| Buy-Back Price |
Rs.325 |
| Premium |
15.6% |
| Buy Back Amount in Cr |
10,500 |
| Total No. Of Shares to be Bought Back from Buy-Back Offer |
32, 30, 76,923 |
| 15% Of Shares Reserved for Retail investor |
4, 84, 61,538 |
| Record-Date |
— |
| Retail investor can buy* |
660 |
| Amount Invested |
Rs. 1,85,460 |
|
Case 1 |
Case 2 |
Case 3 |
Case 4 |
Case 5 |
| Acceptance Ratio* |
40% |
50% |
65% |
80% |
100% |
| Profit per share* |
Rs. 44 |
Rs. 44 |
Rs. 44 |
Rs. 44 |
Rs. 44 |
|
Case 1 |
Case 2 |
Case 3 |
Case 4 |
Case 5 |
| Acceptance Ratio* |
40% |
50% |
65% |
80% |
100% |
| Number of Shares Accepted* |
264 |
330 |
429 |
528 |
660 |
| Number of Shares Accepted* |
264 |
330 |
429 |
528 |
660 |
| Profit on accepted shares* |
Rs. 11,616 |
Rs. 14,520 |
Rs. 18,876 |
Rs. 23,232 |
Rs 29,040 |
| Profit on accepted shares* |
Rs. 11,616 |
Rs. 14,520 |
Rs. 18,876 |
Rs. 23,232 |
Rs 29,040 |
| Return on Investment*(3month) |
6.26% |
7.82% |
10.17% |
12.52% |
15.65% |
| Annualized Return* (P.A) |
27.9% |
35.8% |
48.2% |
61.4% |
80.4% |
* Note:
1. If as of record date share price exceed INR 300 then you have to reduce your share quantity to fall in the category of retail investor.
2. Subject to selling the rest of stocks which was not accepted in the BuyBack. Selling is assumed to be at cost price.
3. There is also option available for hedging the position with future.
4. Expected acceptance ratio analysis as per annual reports and share holding pattern analysis. (31-Mar-18).
5. Investment time can be two to three months.**
**Risk:
1. Holding period can be more than three months due to the delay in buy back process from the company.
2. Acceptance Ratio can vary.
Post Views: 606
