# Everything You Need to Know About the WIPRO Bonus Issue 2024
**URL:** https://tradingqna.com/t/everything-you-need-to-know-about-the-wipro-bonus-issue-2024/176592
**Category:** Bonus
**Created:** [December 3, 2024, 5:12am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-wipro-bonus-issue-2024/176592 "2024-12-03T05:12:49Z")
**Posts on this page:** 6
**Page:** 1
### Author:  [@nithin\_kumrr](https://tradingqna.com/u/nithin_kumrr)
#### Post date: [December 3, 2024, 5:12am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-wipro-bonus-issue-2024/176592/1 "2024-12-03T05:12:49Z")
The Wipro Limited (WIPRO) board has announced a 1:1 bonus issue, meaning shareholders will receive one additional share for every share they hold. The record date for this bonus issue is December 03, 2024. You can check the announcement from the company [here](https://nsearchives.nseindia.com/corporate/WIPRO_17102024155516_OutcomeofBM.pdf).
### Bonus issue details
| Company | Wipro Limited (WIPRO) |
| --- | --- |
| Bonus Ratio | 1:1 |
| Record Date | December 03, 2024 |
| Ex-Date | December 03, 2024 |
| Eligibility | Shareholders holding or buying shares on or before the ex-date (December 02, 2024) |
| Credit Timeline | Within 15 working days from the record date (December 03, 2024) |
#### What is a Bonus Issue?
A [bonus issue](https://support.zerodha.com/category/trading-and-markets/corporate-actions/bonus/articles/bonus-issue) is a way for a company to reward its shareholders by giving them additional shares at no extra cost. However, the value of your investment remains the same.
When a company issues bonus shares, the number of shares increases, but the investment value remains the same. The stock price is adjusted according to the bonus ratio, this should not be mistaken for a correction or a fall in stock price.
**Example:** If you held 10 shares of WIPRO priced at ₹550 each, and the company announces a 1:1 bonus, you’ll receive 10 more shares. Your total holdings will now be 20 shares, and the share price will adjust to ₹275. However, your overall investment value remains unchanged at ₹5,500.
#### Who is eligible for the bonus issue?
Shareholders who hold or buy WIPRO shares on or before the [ex-date](https://support.zerodha.com/category/trading-and-markets/corporate-actions/general/articles/what-does-ex-date-and-record-date-mean) (December 02, 2024) will be eligible. To qualify, the shares must be credited to your demat account by the record date (December 03, 2024).
#### When will the bonus shares reflect in my demat account?
The bonus shares are usually credited to your demat account within 15 working days from the record date. Initially, they may appear under a temporary ISIN on Console and will take an additional 4-5 working days to be assigned a permanent ISIN. Once assigned, the shares will reflect in Kite and will be available for trading.
#### What happens to my holdings and P&L on Kite and Console after the ex-date?
After the ex-date, the share price will be adjusted to reflect the bonus issue, which may temporarily cause a drop in your P&L on Kite and Console.
Once the bonus shares are credited to your demat account, your holdings will be updated with the revised quantity. The buy average price will also be recalculated and updated within a couple of days after the shares are credited.
**Also, we adjust the OHLC data and charts on Kite for corporate actions like bonuses, stock splits, and rights issues. We’ve explained it [here](https://support.zerodha.com/category/trading-and-markets/kite-web-and-mobile/charts/articles/kite-charts-not-matching-as-per-the-records-in-nse-or-bse).**
#### Why has my average price dropped after the bonus issue?
Bonus shares are credited at no cost, and their value is considered zero. When these shares are added to your demat account, the average buy price is recalculated by dividing the original investment cost across the increased number of shares, reducing the average price.
**Example:** If you held 10 shares at ₹550 each and received 10 bonus shares, your total holdings become 20 shares.
The average price is now calculated as: ₹5,500 (original cost) / 20 shares = ₹275 per share.
#### Can I sell my shares before the bonus shares are credited?
Yes, you can sell the shares normally if you wish to. This will not affect your trades or your P&L, as the bonus shares are allotted based on your holdings as of the record date, December 03, 2024. [Click here](https://support.zerodha.com/category/trading-and-markets/corporate-actions/bonus/articles/impact-of-bonus-issue-on-equity-futures-options) to learn more about the effect of bonus issues on your holdings.
#### Will I get corporate action benefits if my stocks are pledged with Zerodha?
Yes, you will receive corporate action benefits even if your stocks are pledged with us. Once the shares from the corporate action are credited with a permanent ISIN, they will be automatically re-pledged, and the collateral margin will be adjusted accordingly.
**You can refer to all current and upcoming corporate actions on this list ([DOC](https://docs.google.com/spreadsheets/d/1yTedLYGJ8z-X2L7pNPyRnzJpelzzuKH_26vZSBfFjIY/edit?gid=1685473983#gid=1685473983)).**
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### Impact on F&O positions
Traders holding F&O positions of the underlying announcing bonus issue or any corporate action are not eligible for corporate action benefits.
However, since the stock price adjusts, exchanges modify the lot size and strike prices of contracts accordingly. These adjustments are done in such a way that the value of the position of the market participants before and on the ex-date remains the same.
You can refer to this post to understand how WIPRO’s bonus issue impacts its F&O contracts:
> [@Adjustments in F&O contracts of Wipro Limited on account of bonus issue 2024](https://tradingqna.com/t/adjustments-in-f-o-contracts-of-wipro-limited-on-account-of-bonus-issue-2024/176550):
>
> Wipro Limited (WIPRO) has announced the issue of bonus shares in the ratio of 1:1 (1 equity share for every 1 equity shares held) and has fixed December 03, 2024, as the ex/record date, to determine the shareholders who will be eligible for bonus issue. As a result of Wipro Industries announcing the issue of bonus shares, the Futures and Options contracts in Wipro Industries will be adjusted according to the framework prescribed by SEBI. The adjustment will be both in Strike Price and Lot Size …
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### Author:  [@3nadh](https://tradingqna.com/u/3nadh)
#### Post date: [December 3, 2024, 5:56am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-wipro-bonus-issue-2024/176592/2 "2024-12-03T05:56:39Z")
Sir, where can we find the dates for the corporate actions (demerger,merger,spinoff, dividends,bonus,split, buybacks)where it is available in this data,how to find early information On demeger,merger,Spinoff, dividends,bonus,split, buybacks…etc news…,Thank you lot for sharing good information for all…
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### Author:  [@nithin\_kumrr](https://tradingqna.com/u/nithin_kumrr)
#### Post date: [December 3, 2024, 6:02am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-wipro-bonus-issue-2024/176592/3 "2024-12-03T06:02:46Z")
> [@3nadh](#):
>
> Sir, where can we find the dates for the corporate actions (demerger,merger,spinoff, dividends,bonus,split, buybacks)where it is available in this data,how to find early information On demeger,merger,Spinoff, dividends,bonus,split, buybacks…etc news…,Thank you lot for sharing good information for all…
@3nadh Hi, you can find these details in the corporate actions section on the exchange website. Here are the links for [BSE](https://www.bseindia.com/corporates/corporates_act.html) and [NSE](https://www.nseindia.com/companies-listing/corporate-filings-actions). 🙂
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### Author:  [@3nadh](https://tradingqna.com/u/3nadh)
#### Post date: [December 3, 2024, 6:43am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-wipro-bonus-issue-2024/176592/4 "2024-12-03T06:43:49Z")
Thank you sir for sharing good information
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### Author:  [@bitte97](https://tradingqna.com/u/bitte97)
#### Post date: [December 5, 2024, 4:43am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-wipro-bonus-issue-2024/176592/5 "2024-12-05T04:43:38Z")
HI
Has the price been adjusted against the bonus shares on Zerodha as of today?
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### Author:  [@nithin\_kumrr](https://tradingqna.com/u/nithin_kumrr)
#### Post date: [December 5, 2024, 4:55am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-wipro-bonus-issue-2024/176592/6 "2024-12-05T04:55:36Z")
@bitte97 Hi, the bonus shares of WIPRO were credited to shareholders’ demat accounts this morning. On Kite, the average price will reflect the price of holdings before the bonus shares were credited and will be updated within 2 days.