Wipro Limited, one of India’s leading IT services companies, has announced its 14th bonus issue, offering 1:1 bonus shares (one additional share for every share held).
The record date for eligibility is December 3, 2024, and shares will trade ex-bonus starting Tuesday, December 3.
With a legacy of consistent bonus issues, Wipro has created substantial wealth for long-term investors. This latest announcement underscores the company’s commitment to rewarding its shareholders.
Wipro’s Bonus Issue Legacy
Since its first bonus issue in 1971, Wipro has rewarded shareholders with 13 bonus issues, transforming an initial holding of 100 shares into 6,82,667 shares by 2019.
The upcoming bonus will double this figure to 13,65,333 shares for those holding shares continuously since 1971.
Bonus Issue Timeline and Impact
| Year | Bonus Ratio | Shares Held (Cumulative) |
| 1971 | 1:3 | 133 |
| 1981 | 1:1 | 267 |
| 1985-1989 | 1:1 (4 times) | 2,133 |
| 1992-1995 | 1:1 (2 times) | 8,533 |
| 1997 | 2:1 | 25,600 |
| 2004 | 2:1 | 76,800 |
| 2005 | 1:1 | 1,53,600 |
| 2010 | 2:3 | 2,56,000 |
| 2017 | 1:1 | 5,12,000 |
| 2019 | 1:3 | 6,82,667 |
| 2024 | 1:1 | 13,65,333 |
This impressive growth reflects Wipro’s commitment to enhancing shareholder value and leveraging its financial strength.
- Year-to-Date (YTD): Wipro shares have delivered 20% returns, slightly below the NIFTY IT index‘s 21% gain.
- Annual Returns: Over the past year, Wipro has delivered 42% returns, outperforming the NIFTY IT index’s 32%.
- 6-Month Rally: Wipro’s stock surged 30% in the last six months.
On Friday, November 29, Wipro shares closed 1.1% higher at ₹579 on the NSE, reflecting investor optimism ahead of the bonus issue.
How Bonus Issues Create Wealth
- Increased Holdings: Bonus issues result in a higher number of shares held by investors without requiring additional investment.
- Improved Liquidity: The additional shares improve market liquidity, making the stock more accessible.
- Psychological Boost: Bonus shares often signal confidence in the company’s growth, attracting more investors.
Long-term investors in Wipro have benefited immensely as the consistent bonus issues have amplified share quantity exponentially, compounding returns.
About Wipro
Wipro Limited is a global leader in IT services, consulting, and business process outsourcing. It specializes in:
- Cognitive computing and hyper-automation
- Robotics, cloud solutions, and emerging technologies
Its robust financial health and history of shareholder rewards make it a preferred choice for investors seeking stable, long-term growth.
Conclusion
Wipro’s 14th bonus issue reinforces its status as a shareholder-friendly company. For long-term investors, the company’s consistent bonus history has translated into exponential wealth creation.
With its strong financials, robust share performance, and shareholder-centric approach, Wipro continues to stand out as a valuable investment in India’s IT sector.
If you’re an investor, today (December 2) is your last chance to buy shares to be eligible for this bonus issue.
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