April 20, 2020, Kathmandu
With the concept of digitization in Nepal, most private and government agencies have gone digital. And, so has the application form of Mero Share. That’s right! Now you can fill the application form for ICO using Mero Share online.
The CDS and Clearing have launched C-ASBA (Centralized Application for ASBA based issuance) system. As a result, it has become easier to apply for share online and you can do it from your home. Moreover, you can also check the IPO result from your Mero Share login accounts. It has even become mandatory to implement C-ASBA for all IPO (initial public offering), FPO, Rights/bonus share application.
Gone are those days when people waited in long lines for hours to invest their hard-earned money in shares. You will be saving a lot of your precious time and in fact, money for filling the form. All you have to do is use a Mero Share account for the purpose. For this, you need to register your account from where you created C-ASBA. In this article, we will show you how.
Introduction to Mero Share
Mero Share is an online service of CDSC (Central Depository System and Cleaning Ltd.) through which investors can view the details of share transactions in their Demat account. It is an online portal that you can access from the website of CDSC.
Here’s the link to the Mero Share portal.
For now, you have to access your Mero Share account from the website but you can expect an official mobile app soon. Hopefully, very soon.
Let’s discuss some important procedures and FAQs to help you with the process.
Requirements for Applying for an IPO of company shares in Nepal
The IPOs allow us to invest and buy shares in a company and these are announced every now and then. However, there are certain requirements to be eligible to apply for an IPO.
Have a look:
- Firstly, the applicant has to be a citizen of Nepal.
- S/he should have an account at an ASBA member bank.
- Should have a Demat account.
- A CRN number which stands for C-ASBA Registration Number. It is a verification code that connects your bank account with Mero Share.
- Finally, a Mero Share account using CRN number.
How to apply share (IPO) online in Nepal using Mero Share?
Let’s break down the steps, shall we?
Read through the complete procedure to get your Mero Share login information and finally process for C-ASBA.
How to Open a DEMAT account in Nepal?
DEMAT or DeMat basically stands for dematerialized. A DEMAT account is used to store the company shares that you own in a dematerialized form. This account also facilitates transactions which means you need to have a DEMAT account for buying and selling stock in either primary or secondary markets.
Follow these steps to open a DEMAT account:
- Find a bank or financial institution that provides the service. There are many such as NMB Capital Ltd, NIBL Capital Markets, Prabhu Bank, NIC Asia, etc.
- Ask for a form to open a DEMAT account. You will need your Nepali citizenship certificate, PP size photo, bank account number, and other identification documents.
- Submit the form. It will normally take 2 to 3 days after which you will receive a checkbook that allows you to sell shares.
- Account opening charge: Rs. 50
- Annual Account Maintenance Charge: Rs. 100
How to get your CRN Number?
It is much easier if you have an account, DEMAT, and CRN number from the same financial organization. This will allow your Mero Share account to be linked with the same.
This is how you can get your CRN number:
- Visit the bank where you have your DEMAT account.
- Fill in an application form for the C-ASBA Registration Number (CRN).
- Submit the form. It will take a few days for them to process to form and finally provide you with your CRN number.
Note: Some financial institutions may have the provision for online form submission through e-banking. So, please confirm the availability of this service with your bank.
How to login to Mero Share account?
Obviously, you will need to have a username and password to log in to your account. To get your credentials, fill a form with your email ID, phone number along with the DPID and client ID. Make sure to fill this from the bank where you have your Demat account.
The charge is Rs. 50 for Mero Shares per annum.
If the process and CRN number check out, you will receive the login credentials in your email.
Mero Share Application Form Sample
Now, simply go to the Mero Share web portal, select your DP and log in using your mero share user login. After you gain access to your account, you will be able to fill up for the respective IPO with your share number plus the amount.
Mero Share User Login
And that’s it! You might have to pay a visit to the bank but with C-ASBA, you will have saved a precious amount of your time.
If you have already applied before, you can view your application status and the allotment result.
How to apply for Share using the Mero Share portal?
To fill up the online application for IPOs using MeroShare, follow these steps:
- Log into your MeroShare account using your credentials.
- Go to My ASBA tab and click the Current issue. From there, you can select the share names to apply for and click Apply next to the IPO you have selected.
- Fill up Applied Quantity with the number of shares as per the limit stated.
- Now, choose the bank account (your Demat account) and enter your CRN number. You will see a verification code just below. Enter it to confirm your action through your Mero Share account.
- Hit apply only when you are sure of all the entered details.
Note: Sometimes, the Mero Share server may crash due to the processing of all requests during multiple user logins. So make sure to wait for a while and try logging in once again.
You can check the status of your Share application by heading to Application Report inside My ASBA tab. Here, you can get pending, confirmation, and Allotted status.
How to renew the Mero Share account?
Follow these steps to renew your Mero Share account:
- Visit the bank where you have your Demat account.
- Fill up a form requesting to renew your Mero Share account. You will have to pay a fee of Rs. 50.
- After submitting the form, you will get the confirmation within a day.
- Moreover, some of the capitals have enabled payment for the renewal through e-banking or eSewa, Khalti. Make sure to consult your bank for more information.
If you can renew your Mero Share account through such digital payment platforms, why go through the hassle of going to the bank? So, please contact your bank to confirm this service.
We hope this article will help you with creating your Mero Share account and applying shares online. Let us know if you have any confusion!