Rights Issue Entitlement Calculator
Calculate exactly how many new shares a rights issue entitles you to, what full subscription would cost, and the Theoretical Ex-Rights Price (TERP) the stock should settle at once it goes ex-rights. Pick a live rights issue to auto-fill the ratio and issue price.
Shares You're Entitled To
20
For every 5 shares held, you get 1 new share at ₹80.
Investment Required (Full Subscription)
₹1,600
Theoretical Ex-Rights Price (TERP)
₹96.67
Issue Price Discount to TERP
+17.2%
Total Shares After Rights
120
TERP = (shares held × cum-rights price + entitled shares × issue price) ÷ total shares after the rights issue — the price a share should theoretically trade at once it goes ex-rights, assuming no other price movement.
How the Rights Issue Entitlement Calculator works
A rights ratio like “1:5” means 1 new share offered for every 5 shares already held. Your entitlement is always rounded down to a whole number of shares — SEBI's 2025 rights-issue reforms (Circular dated 11 March 2025) shortened the overall process to roughly 23 working days from board approval, with the record date fixed within 4 working days of approval and rights entitlements (REs) credited to demat accounts within 9 working days — but the entitlement and TERP maths themselves are unaffected by the timeline change.
TERP (Theoretical Ex-Rights Price) is the price a share should theoretically settle at immediately after the rights issue, purely from the dilution effect of adding new shares at a discount — it assumes no other news or market movement, so the actual post-rights price will usually differ.
Disclaimer: This calculator is for educational purposes only and does not constitute investment advice. Always read the Red Herring Prospectus and verify current rates before applying for any IPO.