How to fill IPO with Mero Share?

Filling out an Initial Public Offering (IPO) in Nepal involves several steps. Here’s a general guide:

1. Open a Bank Account and DEMAT Account:

• You need a bank account in a bank that offers ASBA (Application Supported by Blocked Amount) services.
• Open a DEMAT account with a depository participant. This is required to hold the shares electronically.

1. Register for MeroShare:

• Register for the MeroShare service through your depository participant. This platform allows you to apply for IPOs online.

1. Keep Documents Ready:

• Have your Citizenship Certificate, bank account details, and DEMAT account details handy.

1. Apply through MeroShare

• Log in to your MeroShare account.
• Go to the “My ASBA” section.
• Select the IPO you want to apply for.
• Fill in the required details, such as the number of shares you wish to apply for and your CRN (Customer Reference Number), which you get from your bank.

1. Submit the Application

• Verify all the details and submit the application.
• The required amount will be blocked in your bank account until the shares are allotted.

1. Wait for Allotment:

• After the IPO application period closes, the company will allocate shares based on the demand.
• If you are allotted shares, they will be credited to your DEMAT account, and the corresponding amount will be deducted from your bank account. If not, the blocked amount will be released.

1. Check Allotment Status:

• You can check the allotment status through the MeroShare website or the IPO issuing company’s website.

1. Trading:

• Once the shares are credited to your DEMAT account, you can start trading them on the Nepal Stock Exchange (NEPSE) after the company lists its shares.

Make sure to follow the specific instructions provided by the issuing company or your bank, as procedures might vary slightly.