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Mero Share: Everything you need to know about Mero Share

Everything you need to know about Mero Share

Everything you need to know about Mero Share

Long gone are the days when people used to stand in a queue for hours in order to fill up the shares and then wait in line to get their work done. In the old days, one had to go to the share registrar's office in order to get the certificate of the share, bonus share, right share, and cash dividend. However, this is not the situation now. In the last few years, the stock market of Nepal has made great progress and has introduced Mero Share.

Mero Share is an application that was developed by Central Depository System and clearing limited (CDSC) in order to ease the share purchasing and selling process. To get this facility one has to become a customer of Mero share and has to spend only rupees 50 per year. In fact, Mero Share is a platform where users can buy shares from their own place of comfort. Mero share provides us the information of the stock transactions connected with the respective Demat account.


If you’re willing to browse the Mero Share login page, please click the link below:
https://www.meroshare.cdsc.com.np

However, if you have a motive of learning many things regarding Mero Share in Nepal, please go through the article below.

What exactly is Mero Share?

Mero Share is a platform for stock traders in order to ease the purchase and sales of bonds, debentures, shares, mutual funds, and other various kinds of stocks in Nepal. With Mero share, you can easily buy and sell your desired and available volume of shares without any hardships. However, you need some technical knowledge regarding the usage of Mero Share. This, in fact, is a feature by CDSC that was initiated lately so as to meet the international standards of share and stock markets, scrips, and also to save time, effort, and money. Mero Share is a feature for the stock beneficiaries to observe the share transaction knowledge in their account.

Mero Share feature can be enjoyed simply by browsing the “https://www.meroshare.cdsc.com.np” link or by downloading its application from the play store for android OS and from the app store for IOS users.

Android App link for Mero Share: https://play.google.com/store/apps/details?id=com.meroshare.app&hl=en&gl=US


You can also Download the MeroShare app here: Mero share App Beta

Mero share features can be acquired only when all your requirements are met.

How to open the MeroShare Account?

In order to open a new MeroShare account, you need to go through the following important steps:

  • First and foremost, you need to have created a Demat account. A Demat account is simply an account that is created to retain or hold the stocks in digital form. In the old days, stock purchase certificates were provided to the owners and the transferring of the stocks was done through paper works. However, with a Demat account, you can hold all your stocks digitally without losing any paper documents. For opening a Demat account, you need to visit your nearest bank, broker, or capital who are authorized to provide that service. Moreover, Demat Account opening is facilitated by banks and financial institutions and created by stock capital companies.


It is easier to contact those banks where you already have your bank account. To open a Demat account, you may need to submit your copy of your citizenship certificate, Passport size photo, Bank account details, Documents of identification, and the information of your family genealogy up to three generations.

In normal cases, the Demat Account is opened in 3 to 4 days depending upon the scene. However, some capitals may provide you with a Demat Account the very next day you proceed with your request. However, you must not create multiple Demat accounts as it is strictly regulated and forbidden by Nepal Rastra Bank, the central monetary authority of Nepal. A Demat account contains your DP id and BO id, referred to as Depository Participant id and Beneficiary Owner id which is unique to individual clients.

  • After your Demat Account is ready, you need to apply for the C-ASBA registration Number also known as the CRN number. This should be made in the same capital or bank where you have created a Demat Account. They will process your form request and provide you the CRN number after a day or two. You need a CRN number while applying for IPO issues using Mero Share.
  • When you obtain your CRN number, then you are ready to apply for IPO issues of stocks physically. However, our objective is to open a Mero Share account for online transactions. So, now that you have completed all the above steps, you can apply for a MeroShare account with a charge of Rs. 50, billed every year.
  • After 2 to 3 days, your MeroShare account will be created and the Username and Password are mailed to your email ID (Provided by you) or will be texted to your phone. Usually, the BO id acts as the Username and you need to remember your password.
  • After you have successfully completed the steps above, you need to download the MeroShare app or browse the Mero share login page using the link: “https://www.meroshare.cdsc.com.np

Below is the screenshot of the login page of MeroShare:


Mero-Share Login Page

How can you login into Mero Share?

When you complete all the above-listed processes then you will receive an email with the Mero share link. you can also browse https://www.meroshare.cdsc.com.np from your internet browser. the preview of the Mero share login page has been shown above.

In order to login to Mero share you need to select the drop-down menu in the Depository Participants and select the DP ID of your account. if you do not know your Depository Participant then you can simply type in the first eight digits of your Demat number while the last eight digits act as your login ID or username. For example, if your beneficiary account number is "1720000000123456", then "17200" is your DP and the last 8 digits “00123456” are your username.

Enter the password that you have received in your email ID and click the login button below. This will lead to your Mero share dashboard.


login into Mero Share

Sometimes, due to excessive load on the server, the Mero share dashboard won’t load completely. this is just a minor is you and you don't need to worry you can just refresh the page and wait for the dashboard to load fully.

After you have successfully logged into your Mero share dashboard you will be prompted to change your password. you need to enter a strong alphanumeric character password including a special character for better security. You need to enter your old password and new password along with the confirmation of the new password to change your password in Mero share. the next step is to update your transaction pin.

Transaction pin should be of 4 digit containing numbers which will be necessary for every purchase and transfer of shares and other stocks in Nepal. Priorly you need to enter OTP (one-time-password) which has now been replaced by the transaction pin for further security.


How to change the password of Mero share at any time?

In order to change the password of Mero share at any time of your convenience you need to go through the following steps:
  1. Login to your Mero share dashboard.
  2. Click on your profile And then click on the Change password tab.
  3. Enter your old password and then your new password twice to confirm it.
  4. And then click on change password.
Remember Mero share prompts you to change your password automatically after every hundred and eighty days. The password must be at least 4 digits long and a maximum of 16 digits including lowercase, upper case letters, and numbers for higher security.
 
change the password of Mero share


How to change the transaction pin of MeroShare?

You can also change your transaction pin at any time in Mero Share. If you need to change your transaction pin then just click on the tab write to your change password tab. In order to change the transaction pin, you need to enter your old transaction pin which is 4 digit number. Then enter your new transaction pin and reenter the same pin for confirmation. Click on the “change transaction pin”. That's it you have successfully changed your transaction pin.

For further assistance please observe the screenshot below:
change the transaction pin of MeroShare

What to do when you have forgotten Mero Share Password?

But what if you forgot your old transaction password and cannot change your old password to the new one? Due to the massive digitalization and too many accounts, we are unable to remember our password sometimes. In that case, you need to visit the bank where you have opened your Demat account and request for the password changed by filling up the form. 

Don't forget to take your BO ID number as you need it to enter into the password change request form. sometimes some banks charge a minimal amount for changing the password. Sooner or later you will find a password reset link in your email. Also, don't forget to look at your spam folder.

If you don't get the email within one or two days then you need to contact your bank. How are you got the process should not take long. You can also try requesting a password reset by writing an email to meroshare@cdsc.com.np you along with your BO ID log details.

How to renew the Mero share account?

In order to renew your Mero Share account, you can contact your bank where you have created your Demat account. You can renew your MeroShare account with an annual charge of Rs. 50. Fill up the voucher to deposit Rs. 50 and within a few times or a day, you will receive a confirmation of renewal of your Mero Share at your email inbox.

You can also renew your MeroShare account from the E-Sewa, Khalti wallet, and other payment gateways. Once your Mero Share account expires, the login dashboard of MeroShare will automatically prompt you to pay for your MeroShare account renewal. This method is usually faster than a bank deposit. However, it is better to renew your Demat account prior to its expiry for uninterrupted share transactions.

Features available in MeroShare:

MeroShare has the following features along with its dashboard:
  1. My Details
  2. My Shares
  3. My Transaction History
  4. My Portfolio
  5. My pledge share detail
  6. My bank request
  7. My ASBA
  8. My Purchase Source
  9. My Edis
Please look at the screenshot below to observe the features available on Mero share. On your mobile devices, just tap the menu icon (three bars) to view the features available.

Features available in MeroShare

With Mero share, you can have the following benefits:
  • You can find your details regarding BOID, Name, address, contact number, email address, connected bank account details, and many more. This also acts as your BO statement.
  • You can view your shares along with the prices.
  • You can observe your portfolio and manage the transaction.
  • You can apply IPO and FPO issues online.
  •  You can transfer the scrips online without any hassles.
  • You can calculate the WACC (Weighted Average Cost of Capital)


How to Purchase IPO/ FPO Shares Using Mero Share in Nepal?

It is a complete troubleless job to purchase shares, mutual funds, debentures, and other issues online using the Mero Share account. You don't need to stand in a queue at the bank to carry on your transaction. However, sometimes during the first day of the offering, the Mero Share server can't handle multiple requests at once. So, some users might find it irritating when the Mero Share dashboard won't load properly. 

In order to purchase shares using Mero share, you can go through the following process, step by step:
  1. Log in to your Mero Share Dashboard using your DP, Username, and Password.
  2. On the menu, the 8th option is My ASBA, which you need to click.
  3. You will have four different options on the menu, viz: current issue, apply for an issue, application report, and old application report.
  4. You can view the current issues or existing issues in the "current issues" tab. Click on the details of the current issues to view the details of the company you want to apply for. Also, please don't forget to download the prospectus of the company for detailed analysis and study of the company that has issued its IPO or FPO
  5. After you have made your mind to invest, click the "Apply for Issue" tab.
  6. Click the "Apply" button and fill in the details like, "the number of units/ Kitta to apply, Bank account number, and your CRN number before you check the agreement and click the "Submit" button. CRN number is your C-ASBA Registration number which contains numbers and alphabets.
  7. After a few seconds, you will be prompted to enter your transaction pin which is of 4 digits number. Enter your pin and hit the "Proceed" button.
Purchase IPO- FPO Shares Using Mero Share in Nepal
That's it, you have successfully applied for the current share issue. Also do remember that you need to remember your CRN number and transaction pin for every purchase of IPO shares using Mero Share. You need to repeat the same process for every purchase of stocks and scrips using Merosare in Nepal.

How to Sell and transfer shares using Mero Share in Nepal?

In order to sell shares in Nepal, you need to have opened a broker account. You can view this article to learn how to open a broker account in Nepal. Once you have a broker account, you need to contact your broker on their contact number. Usually, the broker's contact number is busy. So, you might need to attempt multiple calls to get the broker. However, you can also visit the broker'"s office in person and request them to place the sell order. 

You can also use "TMS (trading management system)" to place the sell order in Nepal. TMS stands for the trading management system and with this feature, you can place your buying and selling order online. 

After you have placed your sell order, you need to contact your broker again after some duration to know whether your scrip has been sold or not. You might also want to alter the price. However, when your scrip is sold, you will get a text message on your mobile phone regarding the sale of your scrip and selling rice.

Once your share has been sold, on the very next day you need to go through the transferral procedure. Please follow the steps below to transfer your shares:
  1. Go to my purchase source on your MeroShare dashboard and click it.
  2. On the scrip text box, select the scrip that you have sold and click on search.
  3. When your scrip is listed, click on it and calculate WACC. 
  4. When you have calculated the WACC, from the menu click "My EDIS."
  5. You will have three tabs under it, viz: Transfer request report, Transfer shares, No Delivery Trades. Click on "Transfer shares".
  6. Select the scrip you want to transfer and click on "Transfer."
As easy as that. You need to repeat the same process for each of your sold shares for their transferral. You can also calculate the WACC of all the shares one by one and later on transfer the shares at once using Mero Share in Nepal. WACC is calculated to know your cost of capital. Be aware that you may be fined or penalized if you transfer the shares without calculating the WACC.


How to view your share balance using Mero Share in Nepal?

In order to view the balance of shares in your beneficiary account, you need to click on the "My Shares" menu. It contains the following six different types of balances for each stock:
  • Pledge balance: Pledge balances are the stocks that used as collateral out of the total available shares in your account.
  • Lockin balance: Lockin balance includes all those shares that are locked in out of your total shares.
  • Freeze balance: Shares that are frozen or blocked for transferral out of the total available shares in your account are freeze balances. Usually, this happens because you have not renewed your Demat account.
  • Free balance: Free balances are the shares that are free for sale and transferral and that are not blocked or frozen.
  • Current balance: Current balance of shares are those shares which you currently own and can sell freely.
  • Demat Pending: Demat pending balances are those shares that you own but are yet to be dematerialized. In order to know how to Dematerialize your shares, please read this article.
Please see the screenshot below for a proper understanding of your share balances:

view your share balance using Mero Share in Nepal


How to view your portfolio in Mero share?

A portfolio contains the list of all your owned shares that are already dematerialized along with the prices. The total amount of money that you obtain after you sell each of your shares is also seen on the bottom summation column in your portfolio section. In order to view your portfolio in Mero Share, you need to click the "My Portfolio" option on your menu.

Your portfolio looks like the following:

view your portfolio in Mero share


It includes your scrip, current balance of shares, prices of the previous closing, the total value of shares as of the previous closing, last transaction price (LTP), and the value as per the last transaction price of NEPSE.

You can also download the pdf of the portfolio and other features and even download CSV (comma-separated value) or print the whole page for your reference. You can find this option at Mero share at the top of each section of every feature.

Similarly, you can observe your transaction history of shares and securities from the "My transaction history" option on Mero share. You can browse all your transactions, purchase, and sales according to scrip or sorted by date. 

transaction history of shares on meroshare



How to view the details of pledged shares in Mero Share?

If you have set any share or stock in your account as collateral or if you have mortgaged any of your scrips, you need to choose the "Report for pledgor" option under the "Pledge Share Details" menu in Mero Share options. However, if you have not mortgaged any of your stocks, your pledge share dashboard will prompt you "no records found."
view the details of pledged shares in Mero Share



How to request a DP to update or change the bank account details in your beneficiary account through Mero Share?

Usually, securities are purchased for the long term. However, they are also purchased for short term benefits. If you wish to hold your stocks and shares for a longer period of time, then you need to specify the bank account details in your beneficiary account so that you can receive the dividend and bonus duly.

Similarly, you can add more bank account details to your beneficiary account so that the amount can be blocked from other banks if your current bank account has no sufficient cash. However, you should manually select the bank from which amount should be blocked during every purchase of IPO shares in Nepal.

The steps that you need to follow in order to update the bank account details are as listed as follows:
  1. On your Mero Share dashboard, click "My Bank Request", from the menu options.
  2. Choose your bank account including the branch from the available list of banks available in the Mero Share options.
  3. Select the type of your account, type in your account number and click on the "Update Bank Details" tab.
  4. Wait for the changes to take place.
bank-account-detail-in-mero-share

We hope you liked the article above relating to the main features and issues relating to Mero Share. If you have any questions and queries regarding Mero Share, then please feel free to comment below. We will be glad to solve your issues.

Also read:

Useful tips for investing in Share Market in Nepal

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