# How bonus and right shares change a NEPSE share price

After a company's book closure for bonus or right shares, NEPSE adjusts its price down. More shares now stand for the same company, so each one is worth less, but a shareholder's total holding is worth about the same.

## 1. Bonus shares

Adjusted price = market price ÷ (1 + bonus %). A 10% bonus on a share at Rs 550 gives an adjusted price of Rs 500.00: 100 shares at Rs 550 become 110 shares at Rs 500.00.

## 2. Right shares

Adjusted price = (market price + right % × Rs 100) ÷ (1 + right %), since right shares are usually issued at Rs 100. A 50% right share on a share at Rs 400 gives an adjusted price of Rs 300.

## 3. Check a price before you buy

Upcoming book closures are listed with each company's dividend. Work out the price a stock should open at after one with the adjustment calculator.

- [Price adjustment calculator](https://nepse.link/tools/adjustment)
- [Upcoming book closures](https://nepse.link/ipo)

Charts on nepse.link adjust past prices for bonus and right shares, so an adjustment does not show as a crash.

## More guides

- [Tax on cash and bonus dividends in Nepal](https://nepse.link/guides/dividend-tax)
- [How to calculate WACC for NEPSE shares](https://nepse.link/guides/calculate-wacc)

Last reviewed 2026-10-27. Not investment advice.