DSE Bonus & Right Share Calculator

Corporate Actions on the Dhaka Stock Exchange

Companies listed on the DSE often reward their shareholders through Bonus Shares or offer them the opportunity to buy more shares at a discount through a Right Issue. These actions affect both the number of shares you own and the market price of each share.

Bonus Shares (Stock Dividend)

A Bonus Issue is when a company gives additional shares to its existing shareholders for free. For example, a "10% Bonus" means for every 100 shares you hold, you get 10 extra shares. While you now own more shares, the market price is adjusted downwards to keep the company's total market capitalization the same.

Right Shares (Right Issue)

A Right Issue gives you the privilege to buy new shares at a specific price (usually lower than the market price). If a company declares a "1R:2" (1 Right for 2 Shares) at Tk 15, and the market price is Tk 25, you can buy 1 new share for every 2 you own at the discounted Tk 15 price.

Calculating the Ex-Price

The Ex-Price is the theoretical market price on the Record Date. The formula for a combined Bonus and Right issue is:

Why do companies issue Bonus/Right shares?

• Conserve Cash: Bonus shares allow a company to reward shareholders without spending cash (which can be used for business expansion).
• Capital Hike: Companies often need to increase their paid-up capital to meet regulatory requirements (common for Banks and NBFIs in Bangladesh).
• Improve Liquidity: By increasing the number of shares and lowering the price per share, the stock becomes more affordable and liquid for retail investors.