How to Open Meroshare Account – Very Easy Guide

Meroshare the official website/app of the CDSC that provides various services to the investors in the Nepali Capital Market (NEPSE). Meroshare is used to apply for IPO, Right Share, FPO, check Portfolio, Transfer Shares, and more. You can do all this online through meroshare, staying at home. You can check or login to Meroshare here: Meroshare Portal

If you don’t already have Meroshare account, here we’ll see how you can Open a Meroshare Account:

1. Open DEMAT Account
2. Get C-ASBA Number [CRN]
3. Apply for Meroshare Account
4. Get Username and Password for Meroshare Login
5. Login to Meroshare & start applying to IPOs.

Open DEMAT Account – How to Open Meroshare Account

A Demat account is necessary if you want to open a Meroshare Account. Demat Account is short for short for Dematerialized account, and it is an account that is used to hold your stocks or other financial securities (equity or debt) in electronic form. It is a replacement for the old physical certificate form of shares.
Use of Demat Account:

1. Digital way to hold shares and other securities.
2. Removes problems like damage, forgery, theft and more issues related with physical certificates.
3. Easily transfer shares online through Meroshare

So we’ve established that opening Demat account is necessary if you want to trade securities or open a meroshare account. Let’s see how you can open a DEMAT account. Opening a Demat account is quite easy these days. Infact, some banks and financial institutions allow application for Demat account online. You can get Demat application form or apply for Demat account online through some of the banks as listed Below:

1. NIC Asia Online Application
2. GIBL Demat Form
3. Prabhu Capital Demat Form
4. NIBL Capital Online Demat Application

You can try to apply online above, or print application form and provide the form to the respective DP of your choice. Once your filled and submitted the DEMAT application form, you will receive your DPID (Depository Participant ID) and Client ID via the email you had provided in the application or via SMS. You’ll also need to know your BOID(Beneficial Owner Identification) Number. BOID number is actually like the Bank Account Number. It is a 16 digit number, the first 8 digits are DP ID, and the remaining 8 digits are the client ID.

Get C-ASBA(CRN) Number – How to open Meroshare Account

Once you have the Demat account, you need to get the CRN number from your bank. CRN (C-ASBA Registration Number) is a unique code that shows that your bank account is liked with your Demat account.

Some DPs provide you CRN number after your Demat account is created, and you won’t have to do any further steps to get CRN number, but if the bank has not provided your the CRN number, or you opened Demat account through other DP, not a bank, you’ll need to get the CRN number from the bank.
To get the CRN number, you can visit your bank and ask for the CRN number. You can call your bank and check if the can provide CRN number online through the e-banking of your respective bank. Once you have the Demat account and CRN number, we can proceed further to create meroshare account.
Note: CRN number is not mandatory to create meroshare account, but it is mandatory for applying for IPOs via Meroshare.

Apply for Meroshare Account – How to open Meroshare account

Now a days, many banks and capitals accept application of Meroshare online. You can apply online or download online application form for meroshare for some of the institutions below:

1. NICA Apply for Meroshare
2. Everest Bank Meroshare Application Form
3. Global IME Capital Meroshare Form
4. Mega Capital Meroshare Form

If your financial institution of choice doesn’t provide online application, then you can print the application, fill it out and then just drop the Application form whenever you like.

Once you’ve successfully applied for the meroshare account, you will receive the meroshare username, password and DP ID details within 2-3 days. The charge for Meroshare account is NRS 50 Annually, however some organization might waive this charge for you initially or for a few years.

Get Username and Password for Meroshare Login – How to open Meroshare account

Once the steps mentioned above are completed successfully, you will receive your Meroshare account details any day now.

You also need to deposit Rs. 50 as per annum charge in the account number provided in MERO SHARE. After 2-3 days of submitting the form, your Meroshare account will be create successfully, and you should receive a username and password through your registered email or verified SMS.

Apply Meroshare Using IPO – How to open Meroshare account

Congratulations, if you’ve made this far, and you followed along, You Just need to download the Meroshare app or open Meroshare dashboard using browser of you choice. You can open Meroshare here. You will need to change your password before you proceed. After you’ve successfully changed the password, you will need to set a transaction PIN. Transaction pin should be a 4-digit number, like you ATM passcode, which you will need for every transaction. After you’ve done everything and logged into mesosphere, you are redirected to the dashboard.

Congratulations! You’ve successfully create and logged into the Mershare account, you can apply for IPOs, Right Share, check Portfolio, and do more.

Also, opening Meroshare is necessary, but it is not enough to start Trading, Buying/Selling stocks in NEPSE. If you want to buy/sell stocks and securities, you’ll need to open a trading account. You can see how you can easily start trading in NEPSE in this guide: Start Trading In NEPSE Easily.

Once you’ve opened Meroshare, you might want to look into the top upcoming IPOs: Upcoming IPO in Nepal or check out How To Apply for IPO using Meroshare