Now, the applicants can view their IPO results immediately via the Mero share portal. CDSC has made a recent system improvement that allows IPO applicants to find their allotment results within half an hour after the shares have been allotted. This brings a major convenience to over 4 million potential IPO investors in Nepal.
CDS and Clearing Limited, responsible for the centralized depository, clearing, and settlement services in Nepal has made recent system changes that will enable Nepali IPO (Initial Public Offering) applicants to view their IPO results instantly.
Thus far, IPO applicants had to wait hours before they could derive the IPO results. Due to heavy server loads, CSDC’s IPO results would take hours to be available on the internet.
This inconvenience has long drawn complaints to no avail. Finally, CDSC has tried to address the issue. The latest system upgrade by CDSC could spare the public a few good hours. The company says that the IPO applicants can now view their allotment results within half an hour.
The share market has seen a boom in Nepal over the past few years. Since the record-breaking IPO issuance by NIFRA, followed by Chandragiri Hills Limited and others, Nepal’s share market has been on a continuous rise.
The youth demography has been more akin to the stock market. The hyperbolic surge in the number of Demat accounts reflects this. As per the latest data by CDSC, there are 46,40,427 active Demat account holders in Nepal.
Out of the total, 37,56,178 have opened their Mero share account who can receive all the share market-related services through the popular app. Check below the image for more stats.
The recent system changes by CDSC on its services will bring a huge relief to millions of IPO applicants in Nepal. Now, the public won’t have to wait hours to check on their IPO allotment results.
How long have you waited most to find your IPO results in the past? Do share your worst experience with others down in the comments below.