Being listed during a global financial period in 2009, had you invested in Wipro shares at ₹50 per share then, your investment would have regularly received bonus shares and therefore grown majorly to more than ₹5 lakh in approximately 15 years of investment.
Wipro’s shares turned ex-date for a 1:1 bonus issue on December 3rd, 2024. It will be followed by an issue of new bonus shares to shareholders who own a share on this specific date. In this, the company will issue one bonus share for every share held. The bonus issue that was declared during the Q2 FY25 results of the company is the fourth one in the last fifteen years.
“The Board of Directors has set December 3, 2024, as the record date for determining eligible shareholders,” Wipro stated in its filing.
Wipro’s Bonus Share History
- 2010: Bonus issue of 2:3 which is two shares for every three shares held.
- 2017: Bonus issues of 1:1 or 1 share for every share held in the company.
- 2019: 1:3 bonus issue (one share for every three held).
- 2024: Bonus issue: 1:1 – one bonus share for every single share held.
Such bonuses have served to increase the shareholders’ wealth in the long run.
Wealth Creation Through Patience
If one had invested ₹ 10, 000 in the company in 2009 in terms of shares means 200 @ ₹ 50 each then through bonus issues one would hold 888 shares now. With Wipro’s stock price being ₹584.55 on December 2, 2024, the shares are now worth ₹5,19,080, which gives a return of 51.9 times of total initial investment.
This explains why it is prudent to invest in fundamentally solid companies for the long term. Promotional issues such as bonus shares are capable of boosting returns and Wipro Limited has a track record to prove this.
Conclusion
Wipro has been very faithful to paying out rewards to its shareholders and serves as a perfect example of how patient, systematic capital can help one make big money. Further, its recent bonus issue makes it more attractive for value investors interested in the education and growth prospects of IT companies in India.
Disclaimer: The above information is for informational use only. Get legal advice from certified finance personnel before investing.