The IPO valuation looks aggressive since the company is approaching the primary market in the initial stage of operations where capital expenditure (capex) is higher to build capacities while the benefit in terms of higher cash flows and profit will flow in subsequent years. Given these factors, the issue looks more suitable for long-term investors with a high risk appetite.
Wipro promoter entities swap 1.72% stake worth Rs 4,675 crore
Around 18.05 crore Wipro shares, representing a 1.72 per cent stake, were transacted among promoter group entities via open market deals. Azim Premji Trust sold
June 11, 2025