Wipro Bonus Share Process and Everything You Need to Know

Wipro, a leading Indian IT company, has a history of rewarding its shareholders with bonus shares. In fact, the company has issued bonus shares to its shareholders in the past, with the last bonus issue being in 2019.

Bonus shares are issued to existing shareholders in proportion to their holdings, without any additional cost. This means that if you own 100 shares of Wipro, you'll receive more shares based on the bonus ratio, without having to pay any extra money.

To receive bonus shares, you need to have a demat account and be a registered shareholder of Wipro. The company will announce the bonus issue details, including the record date, bonus ratio, and ex-bonus date, which are crucial dates to note.

The bonus ratio is the number of new shares you'll receive for every existing share you hold. For instance, if the bonus ratio is 1:1, you'll receive one new share for every existing share you hold.

Wipro's bonus issue has a bonus ratio of 1:1, meaning you'll get one bonus share for every share you hold.

The record date for this bonus issue is December 3, 2024, which is also the ex-bonus date. This means that if you're a shareholder, you'll be eligible to receive the bonus shares as long as you own the shares by this date.

The credit date for the bonus shares is by December 15, 2024, so make sure to check with your broker or bank to see if the shares have been credited to your account by then.

The current market price of Wipro shares as of December 2, 2024, is ₹577.95. This is a good time to check your portfolio and see how many shares you own.

Here are the key details of the bonus issue in a quick summary:

Wipro's Financial Performance is looking up, with a 4.6% year-on-year increase in consolidated net profit, reaching ₹3,003.2 crore in Q1 FY25.

The company's revenue, however, took a 3.8% hit, totaling ₹21,963.8 crore.

Despite this decline, Wipro remains optimistic about its ability to improve profitability and drive growth in the upcoming quarters.

Wipro's Q2 FY25 performance was a mixed bag, with a 6.8% quarterly growth and 21.3% annual growth.

The company's net income in Q2 FY25 was at Rs 3,209 crore.

Gross revenue was Rs 22,300 crore, an increase of 1.5% on-quarter and a decrease of 1.0% year-on-year.

Wipro's IT services segment revenue was at $2,660.1 million, an increase of 2.0% year-on-year.

The company expects revenue from the IT services business segment to be in the range of $2,607 million to $2,660 million for the ongoing festive quarter (Q3 FY25).

Wipro's CEO and Managing Director, Srini Pallia, is confident in the company's ability to meet its expectations for revenue growth, bookings, and margins.

The company's earnings per share for the quarter was at Rs 6.14, an increase of 6.8% on-quarter.

Wipro Limited, one of India's leading IT services companies, has announced a 1:1 bonus issue, with significant excitement among investors.

The last day to buy Wipro stock and be eligible for the bonus issue is December 2, 2024.

Wipro shares have gained over 30% in the last six months, leading to a lot of interest in the company's stock.

The record date for the bonus issue is set for December 3, 2024, which means shareholders will receive 1 bonus share for every share they own.

Wipro will announce the record date for the bonus issue later, as stated in a previous announcement.

From December 3 onwards, Wipro stock will trade ex-bonus, with its price adjusted to reflect the issuance of additional shares.

The company has recommended the bonus issue for shareholder approval through a postal ballot.

To qualify for the bonus issue, investors must acquire Wipro shares at least one day before the record date. Given India's T+1 settlement cycle, shares purchased on the record date itself will not be eligible for the bonus allocation.

The record date for Wipro's bonus issue is December 3, 2024. If you own Wipro shares in your demat account by December 2, you will be eligible for the bonus shares.

On December 3, Wipro stock will trade ex-bonus, meaning its price will adjust to reflect the additional shares issued. For example, if the stock was trading at ₹580 before the bonus issue, it will likely trade around ₹290 post-bonus.

Here are the key dates to remember:

The allotment of bonus shares in your demat account will happen on December 4, and these will be available for trading on December 5.

The record date for Wipro's bonus issue is crucial in determining who qualifies for the bonus shares. It is set for December 3, 2024.

Investors must acquire Wipro shares at least one day before the record date to qualify for the bonus issue. This means buying shares by December 2, 2024, to benefit from the bonus issue.

The date of allotment of bonus shares will be the day after the record date, which is December 4, 2024. This is because of India's T+1 settlement cycle, where shares purchased on the record date itself will not be eligible for the bonus allocation.

Here are the key details about the bonus issue:

The Securities and Exchange Board of India has reduced the time taken for credit of bonus shares and their trading to two working days, i.e., the T+2 system starting October.

Investing in Wipro's bonus issue can have its advantages, but it's essential to consider the trade-offs involved.

Increases in the number of shares owned can make your investment more liquid, allowing you to sell or trade your shares more easily.

However, this increased liquidity comes at a cost: the stock price adjusts proportionally, which may not necessarily translate to a higher value for your investment.

The bonus issue also reflects the company's strong fundamentals, which can be a positive indicator for investors.

But, it's worth noting that this can also lead to a dilution of earnings per share (EPS), which may impact the company's overall financial performance.

As a result, investors may not see an immediate monetary gain from the bonus issue, even if the company's fundamentals are strong.

Wipro's stock performance reflects investor confidence, with shares closing at ₹528.95 on Friday, marking a 0.77% increase from the previous day's close on the Bombay Stock Exchange (BSE).

The anticipation of the company's Q2 results and the potential bonus share issuance has generated positive sentiment in the market.

Should the bonus share proposal move forward, it could further bolster investor sentiment and enhance the stock's liquidity.

Wipro's stock performance is a great indicator of investor confidence, with shares closing at ₹528.95 on Friday, marking a 0.77% increase from the previous day's close on the Bombay Stock Exchange (BSE).

The anticipation of the company's Q2 results has generated positive sentiment in the market, which is a clear sign that investors are optimistic about the company's future prospects.

Should the bonus share proposal move forward, it could further bolster investor sentiment and enhance the stock's liquidity, making it an attractive investment opportunity for many.

If you've been holding onto Wipro shares, congratulations—you're in for a reward.

Wipro's 1:1 bonus issue is a clear indication of the company's commitment to its shareholders, with a history of rewarding them with bonuses.

This bonus issue makes Wipro stock an even more attractive opportunity for new and existing investors alike.

With strong fundamentals and a promising growth outlook, Wipro stock continues to offer value for investors.

Investors should consider taking advantage of this bonus issue to increase their holdings and potentially reap future rewards.