We have examined the right offers made between January 2010 to October 2012 by companies listed on the Dhaka Stock Exchange and tested the speed of adjustment of market price of the issuers to the right issues. The analysis leads to the conclusion that the adjustment is not immediate, the market price is about 10-11 percent higher than the right adjusted price on the average and the difference is statistically significant. It takes about 15 days for the market price to reach a stage where the difference between the market price and right adjusted price is no longer statistically significant. This delay in adjustment can actually lead to a profitable strategy for investors in which the investor holds the stock till record date and then sells the stocks at the first opportunity after the record date.