How to use the right-share calculator
Enter the shares recorded in your demat account on the issuer’s book-close date, then copy the right ratio and issue price from the prospectus. If you do not plan to subscribe fully, enter the smaller quantity you will actually purchase. The calculator keeps exact and whole-share entitlements separate so a fractional result is not hidden.
Right shares in Nepal
A right issue—हकप्रद शेयर—allows eligible existing shareholders to subscribe for additional shares at the announced price and ratio. Eligibility is determined by the company’s book-close records. SEBON approves right issues and publishes issuer-wise approval information; the prospectus remains the source of truth for ratio, application dates, price and fractional treatment.
Worked example: 1:2 right issue
| Existing holding | 100 shares at Rs 400 average cost |
|---|---|
| Right terms | 1 new share for every 2 existing, at Rs 100 |
| Entitlement | 50 shares |
| Cash required | Rs 5,000 |
| New holding | 150 shares |
| New average cost | Rs 300 per share |
WACC and theoretical price are different
Your new WACC uses what you paid for old and right shares. The theoretical ex-right price instead uses the market price immediately before the stock trades without the right. Neither guarantees the actual market price, and broker or DP tax records may use their own prescribed cost-basis process.
Official sources and limitations
Verify every issue on the SEBON right-share approval list and in the issuer’s prospectus. The SEBON issuance and allotment guidelines govern the process. Information reviewed June 2026.
Frequently asked questions
How is right-share entitlement calculated?
Multiply the shares held on the book-close date by the new-to-existing ratio. For example, 100 existing shares with a 1:2 right issue gives an exact entitlement of 50 shares.
What does a 2:5 right share mean?
It means two new shares may be subscribed for every five eligible shares already owned. A holder of 100 eligible shares therefore has an exact entitlement of 40 right shares.
What is WACC after a right issue?
It is the combined cost of the old shares and subscribed right shares divided by the total shares after subscription. It is an investment-cost estimate, not necessarily the tax-basis figure displayed by your broker or DP.
What is the theoretical ex-right price?
It is a mathematical estimate that blends the cum-right market price with the right issue price according to the entitlement ratio. Actual market prices can move differently because of demand, supply and company fundamentals.