In Tuesday’s trade, the share price of leading IT company Wipro has dropped below ₹300, and there is a specific reason for this. Wipro had announced a bonus share issue, and its ex-date is approaching. The company will provide free bonus shares to investors in a 1:1 ratio, meaning one free share will be given for every share held. Due to the bonus share issue, the stock has declined by 50%, now trading at ₹291.90.
Wipro Bonus Shares Update
When a company issues bonus shares in a certain ratio, the market value of its shares decreases proportionally. This is similar to a stock split. In essence, the number of shares an investor holds increases, but they do not receive any immediate financial benefit from this increase.
Wipro’s History of Bonus Share Issuances
Over the last 15 years, IT giant Wipro has announced bonus issues at least three times.
- 2019: Wipro’s most recent bonus issue was in a 1:3 ratio, where investors received one free share for every three shares they held. The stock became ex-bonus on March 6, 2019.
- 2017: In this year, the company issued bonus shares in a 1:1 ratio, meaning one free share for every share held.
- 2010: Wipro issued bonus shares in a 2:3 ratio.
- 2005 & 2004: The company issued bonus shares in a 1:1 ratio in both years.
- 1997: Wipro issued a 2:1 bonus issue, and in 1995 and 1992, it provided bonus shares in a 1:1 ratio.
Quick Guide to Buy Wipro Shares Online
- Choose a Stockbroker/Trading Platform
Select a broker or platform (e.g., Zerodha, ICICI Direct) and open a Demat and Trading account. Complete KYC with documents like PAN, Aadhar, and bank details. - Fund Your Account
Transfer funds to your trading account via net banking or UPI. - Log in and Search for Wipro
Log in to your trading platform and search for Wipro or use the stock symbol WIPRO. - Place Buy Order
Select Buy, choose Quantity, and decide on Market or Limit Order. Review the order and confirm. - Track Your Investment
Once confirmed, the shares will appear in your Demat account. Monitor your investment through the platform.
Additionally, last year, Wipro carried out a share buyback, returning capital to its investors.
Disclaimer: For any financial investment anywhere on your responsibility, Times Bull will not be responsible for it.
Avijit Das
A sports journalist driven by passion and dedication, I seamlessly blend my love for writing and sports. Currently with Timesbull, I have honed my craft at Sportskeeda, Cricreads, and Athlete Fortune. I live and breathe sports—whether it's football, cricket, cards, or chess, I'm always up for a challenge. A die-hard...
