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As most of the things are going digital these days, filling share form for IPO has also become digital. Now you don’t need to queue in line for hours to invest in shares using your hard-earned money. As known, people earned a lot of money with the share investment but they need to devote a lot of precious time and money to fill the share form. Find more information on Mero share login and all of the processes for MeroShare account like changing password, renew below.
Now that CDS and clearing have launched C-ASBA (Centralized Application for ASBA based issuance) system, it is easier to apply share online from your home. C-ASBA has also become mandatory to implement for all IPO (initial public offering), FPO, Rights/bonus share application. Apart from applying, you can also check/view the IPO result in your Mero share login accounts.
First, let us be clear about what C-ASBA is. It is just a centralized system similar to ASBA (Applications Supported by Blocked Amount) in which the amount applied will be blocked in the investor’s bank account until share allotment or result is published.
With ASBA, you needed to visit the banks and apply them there. But C-ASBA now lets you apply share online that is from anywhere using the internet. You also need to have a “Mero share” account from where you created C-ASBA.
Mero Share is an online portal of CDSC (Central Depository System and Clearing Ltd ) which provides the details of share transactions with their Demat account.
You need to access the portal of CDSC Mero share from their website and mobile app. CDSC has recently launched a mobile app for Mero share.
Here in this post, you will find manual or important FAQs to solve problems. Please read below.
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Here is the complete procedure to fill up the share form online and pay for it online from your bank account using Mero Share login.
To open a Mero share account, you need to follow the following steps.
Sometimes the mero share login could not be accessed due to high number of share applications. It is due to the capacity of Meroshare server not able to proces all the requests.
Whenever a very demanding IPO share comes out or there is a surge in Nepse index, meroshare server may crash while people try multiple times for the same. If you find the same issue that is not only for you, you need to wait for sometime, untill the requests slow down or they solve the issue.
There are a lot of people who forget their Mero share password. You also need to know the information on changing or resetting the mero share login password.
Earlier, you need to visit the bank where you have made the DEMAT account, then fill a form asking password change with BOID number. But now you can easily change the password yourself from the Mero share portal itself. This is a much awaited feature in the portal, as it was very inconvenient to visit the respective banks to retrieve or change the password.
To change the Mero share password, you need to
Suppose you are already logged in and also know your current password, then you can change the Mero share password by
To change the Mero Share Transaction PIN (if you forget it for share application), follow the steps.
You can get the IPO allotment result in the Mero Share account after some time of the result announcement. Now CDSC has improved its system to publish the IPO results immediately. So, it will take within half an hour to get the results via the Mero share portal.
You can check the IPO result immediately after the draw by following the steps below.
To renew the Mero share account from the bank.
You can also renew the mero share account using digital wallets like eSewa/Khalti. To renew the Mero Share account, you need to
These days, some banks also offer to renew your mero share account using digital wallets than eSewa. The revolution is here in digital payments as you can also open a bank account online. We recommend you confirm from your Share capital office if they support the digital wallet payment or not. Or you can even check the list of Capitals for the payments in the Finance or Share section of the digital wallets.
Here are the features included in tabs or sections within the Mero Share portal, with the information of share, account holder, and more.
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Here are the important points to remember while using Mero Share to buy, sell, and get information.
Only if you go through the above steps to apply share online, you don’t have to queue in line for several hours. Mostly we have seen employees of several organizations including government and private, being busy filling those forms.
It is not only easy for them to invest but it will keep them to focus on their own work at the office, instead of being in a queue for several hours. This is going to save thousands of hours which can be productive for people and nation.
Update: For the application to IPO shares like Bhotekoshi Hydro for the Employee provident fund account holders, you cannot do it online. Please visit the respective bank where you have the DMAT account and fill the form along with your EPF card and employee ID card copy, for the application.
With the above-mentioned procedure in the Mero share, the share allotment or results can also be published very soon. With the implementation of C ASBA and Mero share, the share allotment of Arambha Microfinance (the first of all) was done within 36 hours of closing.
The successful implementation of the C ASBA system has made the dream of share market possible and the digital/online way of IPO share application is a great achievement.
If you have any queries about apply share online, do ask us and comment below.