How to Apply for an IPO in MeroShare: Step-by-Step Guide for Nepal (2026)
By Wilson Shrestha · Updated 20 October 2026 (Kartik 2083)
Applying for an IPO in Nepal takes about two minutes once your accounts are ready. The part that trips people up is everything around it: the CRN, the minimum units, expired accounts, rejected applications and the result. Older tutorials also miss several 2026 changes, so this guide covers the full journey from login to allotment.
Quick answer: to apply for an IPO in MeroShare, do this:
- Log in at meroshare.cdsc.com.np with your DP, username and password.
- Open My ASBA and go to Apply for Issue.
- Click Apply beside the open company.
- Choose your bank, enter the units (minimum 10 for a normal Rs. 100 IPO) and your CRN.
- Tick the declaration and press Proceed.
- Enter your 4-digit transaction PIN and submit.
- Open Application Report to confirm, then check the result after allotment.
Your money is only blocked in your own bank account. It is debited only if you are allotted shares.
In this guide
What You Need Before You Apply for an IPO
MeroShare is only the front door. Behind it, four things must already be in place. If one is missing, the Apply button either will not appear or your application will be rejected.
| Requirement | What it is | Where it comes from |
|---|---|---|
| Demat account | Holds your shares electronically and gives you a 16-digit BOID | A Depository Participant (DP), such as a bank’s capital company or a broker |
| MeroShare login | Username, password and a separate 4-digit transaction PIN | Your DP activates it for CDSC |
| Bank account + CRN | The CRN (Customer Reference Number) lets MeroShare block money in your account through C-ASBA | Your bank, through its app, online form or branch |
| Active, renewed accounts | Rs. 100 Demat plus Rs. 50 MeroShare, paid every year | eSewa, Khalti, ConnectIPS or your DP |
- No Demat yet? Follow my guide on how to open a Demat account in Nepal. Since Shrawan 1, 2083, a National ID number is mandatory for new Demat accounts.
- Confused about Demat versus MeroShare? They are different accounts with different jobs. See Mero Share vs Demat account explained.
- Starting from zero? The full path from bank account to first trade is in my step-by-step guide to online investing in the Nepal share market.
- Choosing a bank? Pick a licensed bank that is a C-ASBA member, because that is what makes IPO applications possible. Digital-first banking is growing, but read what neo banks in Nepal can and cannot do today before relying on one.
Check your renewal first. CDSC froze Demat accounts with unpaid annual fees from Shrawan 16, 2083 and suspended their MeroShare. Your shares stay safe, but a frozen or expired account cannot apply for IPOs. Pay the Rs. 150 renewal before the issue opens, not on the last day.
Step-by-Step: How to Apply for an IPO in MeroShare
Here is the whole flow at a glance. Each box is explained below.
Step 1: Log in to MeroShare
Type meroshare.cdsc.com.np into your browser yourself, or use the official MeroShare app. Do not click links from ads, social posts or messages. Select your DP from the list, then enter your username and password.
On your first login you will be asked to change the password and set a transaction PIN. Keep the two different and never share either.
Step 2: Open My ASBA and Apply for Issue
Click My ASBA in the menu. The Apply for Issue tab lists every issue open right now: IPOs, FPOs, right shares and other public issues. If the list is empty, nothing is open at the moment. If the Apply button is missing, your Demat or MeroShare may have expired.
Step 3: Choose the Right IPO and Click Apply
Find the company and click Apply. Before you do, check that the issue is for the general public. Some issues are reserved for other groups, such as employees, project-affected locals, mutual funds or Nepalis working abroad. Apply only to a group you actually qualify for.
Step 4: Fill In the Application Form
- Bank: select the bank linked to your CRN.
- Applied units (kitta): enter your quantity. The amount calculates automatically.
- CRN: enter the number your bank gave you.
- Declaration: tick the box confirming the details are correct, then click Proceed.
Step 5: Enter Your Transaction PIN
A box asks for your 4-digit transaction PIN. This is not your login password. Enter it and submit. A success message means your application has been sent.
Step 6: Confirm the Application Went Through
Go back to My ASBA and open Application Report. Your issue should appear there with its status. If it does not, the application did not go through, so apply again while the issue is still open.
Tip: do not wait for the last day. Issues usually close at 5 PM on the final day, and MeroShare can slow down when thousands of people apply together.
How Many Units Should You Apply For?
For a normal fixed-price IPO at Rs. 100 face value, the minimum is 10 units, or Rs. 1,000. A premium issue costs more: Himalayan Reinsurance, priced at Rs. 206 a unit, needed Rs. 2,060 for the same 10 units.
When an issue is oversubscribed, shares are given out by lottery. In recent allotments reported by ShareSansar, winning applicants were allotted 10 units each. Applying for more units does not raise your chance of winning the lottery. It only blocks more of your money.
Money blocked versus units you get if the lottery picks you
Illustration for a heavily oversubscribed fixed-price IPO at Rs. 100. If shares remain after everyone receives 10 units, they can be shared further among applicants who asked for more, so always read the issue notice.
Fixed-Price IPO vs Book-Building IPO
Not every IPO follows the 10-unit rule. Book-building issues work differently, and this is a gap in most older guides.
| Feature | Fixed-price IPO | Book-building IPO |
|---|---|---|
| Price | Rs. 100 face value, or an approved premium | Set through bidding by institutional investors; the general public pays 10% below the cut-off price |
| Minimum for the public | 10 units | 50 units |
| Example | 10 units × Rs. 100 = Rs. 1,000 | Sarbottam Cement: 50 units × Rs. 360.9 = Rs. 18,045 |
Most fixed-price issues still allow 10 units, but SEBON has discussed moving most of an IPO to a 50-unit minimum. The issue notice always decides, so check the minimum and maximum before you apply.
What Happens to Your Money After You Apply
IPOs in Nepal use ASBA (Applications Supported by Blocked Amount), which has been mandatory for public issues since 2017. Your money is never sent to the company at the time of applying.
Two practical points. First, every open IPO you apply for blocks its own amount, so your usable balance shrinks with each application. Second, a blocked amount is not a missing amount: if your bank shows a lower balance, check how many applications are still waiting for results.
How to Check Your IPO Result
After the allotment date announced by the issue manager, you have three ways to check:
| Method | How |
|---|---|
| CDSC IPO result portal | Open iporesult.cdsc.com.np, choose the company, enter your 16-digit BOID and view the result. |
| MeroShare | Log in, go to My ASBA, open Application Report and view the status of that issue. |
| Issue manager’s website | Many issue managers publish a result page. The link is in the issue notice. |
If you are allotted, the shares appear in your Demat under My Portfolio. You can only sell after the company lists on NEPSE. When that day comes, use the NEPSE share calculator to see your real profit after fees and tax, and revisit the selling steps in my online investing guide, especially the EDIS step.
Why IPO Applications Get Rejected (and How to Fix Each One)
A rejected application has no chance in the lottery, so these are worth checking before you press submit. Note that a rejection is different from simply not being allotted.
| Cause | What goes wrong | Fix |
|---|---|---|
| Not enough balance | Balance is below the amount plus the bank’s small ASBA charge, or other IPO blocks have already used it up | Keep a margin above the amount and count your other pending applications |
| Duplicate application | One person applies more than once for the same issue; duplicates are rejected | Apply once, from one Demat |
| Wrong or inactive CRN | CRN does not match your bank account, or it was registered against an old account | Ask your bank to update or reissue the CRN, then re-link it |
| Expired Demat or MeroShare | Unpaid annual fee; the Apply button is missing | Renew (Rs. 150 in total) through eSewa, Khalti, ConnectIPS or your DP |
| Name or KYC mismatch | Your name differs between citizenship, bank and Demat | Correct the KYC with your bank or DP before the next issue |
| Wrong quota or quantity | Applying to a reserved group you do not qualify for, or outside the minimum and maximum | Read the issue notice and apply to the general-public group |
Stuck on a login, password or PIN error instead? My guide to Mero Share problems and their fixes covers the 15 most common ones.
IPO Quota for Nepalis Working Abroad
Since Kartik 2079 (November 2022), SEBON has reserved 10% of ordinary IPO shares for Nepali citizens in foreign employment. To use it you need a valid labour permit from the government, plus the passport and visa documents listed in that issue’s notice. Your bank account must also meet the remittance-quota requirements, so ask your bank before the issue opens.
- Apply only to the foreign-employment group of the issue, not the general-public group.
- If you apply under the quota, you cannot also apply for the same IPO as a general-public applicant.
- Quota issues often have their own opening and closing dates, so check them separately.
Your IPO-Day Checklist
☐ Demat and MeroShare renewed and active
☐ CRN written somewhere you can reach it, not only on a locked phone
☐ Transaction PIN remembered (it is not your password)
☐ Bank balance covers the amount plus the ASBA charge, after other pending IPOs
☐ Issue notice read: group, price, minimum and maximum units, closing date
☐ Application Report checked after submitting
☐ Result date noted
Protect your login. Some third-party tools offer bulk or automatic IPO applying, and they ask for your username, password, CRN and transaction PIN. These tools are not run by CDSC, and anyone holding that set of details can act in your account. I would not hand them to any app or person.
Also read the prospectus before applying. An IPO is not guaranteed profit, and the price after listing can fall below what you paid.
Frequently Asked Questions
How do I apply for an IPO in MeroShare?
Log in, open My ASBA, choose Apply for Issue, click Apply beside the company, select your bank, enter units and your CRN, tick the declaration, press Proceed and confirm with your 4-digit transaction PIN.
What is the minimum amount to apply for an IPO in Nepal?
For a normal fixed-price IPO the minimum is 10 units. At Rs. 100 per unit that is Rs. 1,000. Premium-priced issues cost more, and book-building issues require at least 50 units.
Do I need a CRN to apply for an IPO?
Yes. The CRN comes from your bank and lets MeroShare block money in your account through C-ASBA. Without it, or with a wrong one, the application fails.
Is money deducted when I apply for an IPO?
No. The amount is only blocked in your own bank account. It is debited if you are allotted shares and released if you are not.
Does applying for more units improve my chance of getting shares?
No. In an oversubscribed issue the lottery gives each valid applicant one entry, and winners are typically allotted 10 units. More units only block more money.
How do I check my IPO result?
Use the CDSC result portal at iporesult.cdsc.com.np with your BOID, or log in to MeroShare and open Application Report under My ASBA.
Why was my IPO application rejected?
Common causes are insufficient balance, a duplicate application, a wrong CRN, an expired Demat or MeroShare, a name mismatch, or applying to a quota you do not qualify for.
Can I apply for an IPO from my phone?
Yes. You can use the official MeroShare app or the website in your phone browser. The steps are the same.
Final Word
Applying for an IPO in MeroShare is simple once the groundwork is done: an active Demat and MeroShare, a working CRN and enough free balance. Apply early, apply once, and read each issue’s notice for the minimum, price and group. For more guides like this, browse all Finance and NEPSE guides for Nepali investors.
Disclaimer: This guide is for education and is not financial advice. Rules, fees and issue terms can change by SEBON, CDSC or the issue manager, so confirm the details in each issue notice before applying.
Sources:
CDSC MeroShare;
CDSC IPO result portal;
ShareSansar: IPO quota for Nepalis working overseas;
ShareSansar: book-building IPO and 50-unit minimum;
ShareSansar: recent IPO allotments;
ShareSansar: ASBA made mandatory;
Fiscal Nepal: SEBON on the 10-unit limit.