diff --git a/tests/regression/test_sdvt_rewards_happy_path.py b/tests/regression/test_sdvt_rewards_happy_path.py
index 3fab757e..87a34e37 100644
--- a/tests/regression/test_sdvt_rewards_happy_path.py
+++ b/tests/regression/test_sdvt_rewards_happy_path.py
@@ -1,9 +1,9 @@
 import pytest
 
-from brownie import accounts, ZERO_ADDRESS
 from utils.test.helpers import ETH
 from utils.config import contracts
 
+from utils.test.deposits_helpers import fill_deposit_buffer
 from utils.test.reward_wrapper_helpers import deploy_reward_wrapper, wrap_and_split_rewards
 from utils.test.split_helpers import (
     deploy_split_wallet,
@@ -16,9 +16,6 @@
 from utils.test.oracle_report_helpers import oracle_report
 
 
-WEI_TOLERANCE = 5  # wei tolerance to avoid rounding issue
-
-
 # fixtures
 
 
@@ -71,7 +68,6 @@ def test_rewards_distribution_happy_path(simple_dvt_module_id, cluster_participa
     """
     simple_dvt, staking_router = contracts.simple_dvt, contracts.staking_router
     lido, deposit_security_module = contracts.lido, contracts.deposit_security_module
-    withdrawal_queue = contracts.withdrawal_queue
 
     stranger = cluster_participants[0]
 
@@ -102,19 +98,7 @@ def test_rewards_distribution_happy_path(simple_dvt_module_id, cluster_participa
 
     # fill the deposit buffer
     deposits_count = 10
-    deposit_size = ETH(32)
-
-    buffered_ether_before_submit = lido.getBufferedEther()
-    withdrawal_unfinalized_steth = withdrawal_queue.unfinalizedStETH()
-
-    eth_to_deposit = deposits_count * deposit_size
-    eth_debt = max(0, withdrawal_unfinalized_steth - buffered_ether_before_submit)
-    eth_to_submit = eth_to_deposit + eth_debt + WEI_TOLERANCE
-
-    eth_whale = accounts.at(staking_router.DEPOSIT_CONTRACT(), force=True)
-    lido.submit(ZERO_ADDRESS, {"from": eth_whale, "value": eth_to_submit})
-
-    assert lido.getDepositableEther() >= eth_to_deposit
+    fill_deposit_buffer(deposits_count)
 
     # deposit to simple dvt
     module_summary_before = staking_router.getStakingModuleSummary(simple_dvt_module_id)
diff --git a/tests/regression/test_staking_router_stake_distribution.py b/tests/regression/test_staking_router_stake_distribution.py
new file mode 100644
index 00000000..8686d253
--- /dev/null
+++ b/tests/regression/test_staking_router_stake_distribution.py
@@ -0,0 +1,103 @@
+from utils.config import contracts
+from utils.test.deposits_helpers import fill_deposit_buffer
+from utils.test.staking_router_helpers import ModuleStatus
+
+
+class Module:
+    def __init__(self, id, target_share, status, active_keys, depositable_keys):
+        self.id = id
+        self.target_share = target_share
+        self.status = status
+        self.active_keys = active_keys
+        self.depositable_keys = depositable_keys
+        self.allocated_keys = 0
+        self.allocation_limit = 0
+
+
+def test_stake_distribution():
+    """
+    Test stake distribution among the staking modules
+    1. checks that result of `getDepositsAllocation` matches the local allocation calculations
+    2. checks that deposits to modules can be made according to the calculated allocation
+    """
+    lido, deposit_security_module = contracts.lido, contracts.deposit_security_module
+
+    staking_router = contracts.staking_router
+    module_digests = staking_router.getAllStakingModuleDigests()
+
+    stake_to_allocate = 100  # keys to allocate to the modules
+    allocation_from_contract = staking_router.getDepositsAllocation(stake_to_allocate)
+
+    # collect the modules information
+
+    modules = {}
+
+    for digest in module_digests:
+        (_, _, state, summary) = digest
+        (id, _, _, _, target_share, status, _, _, _, _) = state
+        (exited_keys, deposited_keys, depositable_keys) = summary
+
+        active_keys = deposited_keys - exited_keys
+        assert active_keys >= 0
+
+        if status != ModuleStatus.ACTIVE.value:
+            # reset depositable keys in case of module is inactivated
+            # https://github.com/lidofinance/lido-dao/blob/331ecec7fe3c8d57841fd73ccca7fb1cc9bc174e/contracts/0.8.9/StakingRouter.sol#L1230-L1232
+            depositable_keys = 0
+
+        modules[id] = Module(id, target_share, status, active_keys, depositable_keys)
+
+    total_active_keys = sum([module.active_keys for module in modules.values()])
+
+    # simulate target share distribution
+    # https://github.com/lidofinance/lido-dao/blob/331ecec7fe3c8d57841fd73ccca7fb1cc9bc174e/contracts/0.8.9/StakingRouter.sol#L1266-L1268
+
+    target_total_active_keys = total_active_keys + stake_to_allocate
+    total_basis_points = staking_router.TOTAL_BASIS_POINTS()
+
+    for module in modules.values():
+        target_active_keys = module.target_share * target_total_active_keys // total_basis_points
+        module.allocation_limit = min(target_active_keys, module.active_keys + module.depositable_keys)
+
+    # simulate min first strategy
+    # https://github.com/lidofinance/lido-dao/blob/331ecec7fe3c8d57841fd73ccca7fb1cc9bc174e/contracts/0.8.9/StakingRouter.sol#L1274
+
+    for _ in range(stake_to_allocate):
+        # find the module with the lowest active_keys
+        min_active_keys = modules[1].active_keys
+        min_active_keys_module = modules[1]
+
+        for module in modules.values():
+            if module.active_keys < min_active_keys and module.active_keys < module.allocation_limit:
+                min_active_keys = module.active_keys
+                min_active_keys_module = module
+
+        # allocate one key to the module if possible
+        if min_active_keys_module.active_keys < min_active_keys_module.allocation_limit:
+            min_active_keys_module.active_keys += 1
+            min_active_keys_module.allocated_keys += 1
+
+    total_allocated_keys = sum([module.allocated_keys for module in modules.values()])
+
+    # check that local allocation matches the contract allocation
+    assert allocation_from_contract == (total_allocated_keys, [module.active_keys for module in modules.values()])
+
+    # fill the deposit buffer
+    fill_deposit_buffer(total_allocated_keys)
+
+    # perform deposits to the modules
+    for module in modules.values():
+        if module.allocated_keys > 0:
+            lido.deposit(module.allocated_keys, module.id, "0x", {"from": deposit_security_module})
+
+    # check that the new active keys in the modules match the expected values
+    module_digests_after_deposit = staking_router.getAllStakingModuleDigests()
+    expected_modules_state = modules
+
+    for digest in module_digests_after_deposit:
+        (_, _, state, summary) = digest
+        (id, _, _, _, _, _, _, _, _, _) = state
+        (exited_keys, deposited_keys, _) = summary
+
+        active_keys_after_deposit = deposited_keys - exited_keys
+        assert expected_modules_state[id].active_keys == active_keys_after_deposit
diff --git a/utils/test/deposits_helpers.py b/utils/test/deposits_helpers.py
new file mode 100644
index 00000000..3c819754
--- /dev/null
+++ b/utils/test/deposits_helpers.py
@@ -0,0 +1,24 @@
+from utils.test.helpers import ETH
+from utils.config import contracts
+from brownie import ZERO_ADDRESS, accounts
+
+
+WEI_TOLERANCE = 5  # wei tolerance to avoid rounding issue
+
+
+def fill_deposit_buffer(deposits_count):
+    staking_router, lido, withdrawal_queue = contracts.staking_router, contracts.lido, contracts.withdrawal_queue
+
+    deposit_size = ETH(32)
+
+    buffered_ether_before_submit = lido.getBufferedEther()
+    withdrawal_unfinalized_steth = withdrawal_queue.unfinalizedStETH()
+
+    eth_to_deposit = deposits_count * deposit_size
+    eth_debt = max(0, withdrawal_unfinalized_steth - buffered_ether_before_submit)
+    eth_to_submit = eth_to_deposit + eth_debt + WEI_TOLERANCE
+
+    eth_whale = accounts.at(staking_router.DEPOSIT_CONTRACT(), force=True)
+    lido.submit(ZERO_ADDRESS, {"from": eth_whale, "value": eth_to_submit})
+
+    assert lido.getDepositableEther() >= eth_to_deposit