ASBA & C-ASBA In Nepal: Every Thing You Need To Know

INVESTOPAPER

In the Nepalese stock market, investors prefer to invest in the primary market than the secondary market because of the low risk involved. Investors who do not know much about the secondary market but are willing to invest in securities enter the primary market. The number of investors applying for IPOs and FPOs issued by companies has increased for the same reason. Securities Board of Nepal (SEBON) has implemented ASBA system to facilitate the investment in the primary market.

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What is ASBA?

The full form of ASBA is Application Supported by Blocked Amount. ASBA is a system of withholding an amount equal to the value of the securities applied by the investor from his/her bank’s account when applying for the purchase of publicly issued securities . This means that the amount of investment is blocked in the investors’ bank account until the allotment of securities (shares/debentures). After the allotment, the allotted amount is withdrawn from his/her respective bank account and the remaining blocked amount is released.

Also Read: Online Share Trading In Nepal: How To Buy & Sell Shares?

Thus, ASBA system is a system that allows investors to invest directly in publicly issued securities from their own accounts in banks and financial institutions. When investing in securities through this system, you do not have to go to the fixed collection center specified by the Issue manager to apply for shares as in the past.

You can open an account with a bank that has obtained permission from the SEBON to provide ASBA service and apply for the purchase of securities of the desired amount. To view the banks and financial institutions that provide ASBA service in Nepal, click the link below:

List Of Banks (BFIs) With C-ASBA Service In Nepal

What is C-ASBA?

In order to make the ASBA system more organized, accessible and efficient, CDS & Clearing developed integrated software C-ASBA. Earlier, ASBA member banks and financial institutions could apply separately using their software. The C-ASBA system came into implementation since Falgun 11, 2074.

C-ASBA links all the banks and financial institutions providing ASBA related services  and the beneficiary account (demat account) and creates a centralized system. This allows for the verification of the bank account details of the investors before entering the applications of the investors.

Also Read: Demat Account In Nepal: Everything You Need To Know

Banks and financial institutions give CRN (C-ASBA Registration Number) to each investor after verifying the beneficiary account of the investor. Only investors who have obtained the CRN number can apply for the purchase  of shares from their bank account. Investors who do not have internet service can also apply by going to the bank with their CRN number and filling up the physical form.

The use of this system verifies the details of the applicants in the issuance of securities. As a result, the issue manager does not have to re-verify the details of all the applicants. This will allow the allotment and distribution of the shares in the short period of time.

You May Also Like: ASBA Charge In Commercial Banks Of Nepal

How To Get C-ASBA Registration Number (CRN)?

1. To get the C-ASBA registration number (CRN), you need to visit the approved bank (ASBA Member Banks) that provides ASBA facility.

2. You need to open an account if you previously don’t have a bank account.

3. Once you have the bank account, fill the C-ASBA form provided by the bank.

4. You need demat account information to fill the C-ASBA form.

5. After you submit the form, the bank will verify your dmat account and provide you with the CRN number.

Now, you can apply for primary and right shares of the issuing companies through this CRN number. However, you do not need this number to buy or sell shares in a secondary market.

How To Apply For Primary Share (IPO, FPO, Right) Through C-ASBA?

In order to apply for the purchase of primary share i.e IPO, FPO or right, you have to follow few steps shown below:

Step 1: Open a bank account (in ASBA member bank), dmat account and mero share account (if you wish to apply from your home through online).

For full details, click the link:  Basic Requirements To Start Trading In The Stock Market Of Nepal

Step 2: Get the C-ASBA registration number (CRN) from your bank as above.

Step 3: Apply Through Mero share software by logging in to meroshare.cdsc.com.np. As per the Central Depository Services Regulations, 2068 (Second Amendment, 2073), You can get the ‘Mero Share’ facility by paying a fee of Rs. 50/year.

For full details, read: How to apply IPO/FPO/Right Share through Asba In Meroshare?

Step 4: Even if you don’t have a Mero Share Account, you can apply for the IPO, FPO or Right issue. For this you should visit your bank that provides ASBA facility. Fill up and submit the physical form for the current issue by providing information about your CRN number, dmat number, bank account number and others.

Related:

How To View IPO Result In Meroshare?

 

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42 thoughts on “ASBA & C-ASBA In Nepal: Every Thing You Need To Know

  • January 8, 2021 at 3:22 am
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    i have my bank account in one bank and demat account in another.. so from which bank i get my CRN number?

    Reply
    • January 8, 2021 at 3:36 am
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      you can get CRN number from the bank where you have a bank account.

      Reply
      • February 24, 2021 at 1:54 am
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        Hi, I am in overseas and i want to buy share from mero share. I have account in NIBL and i opened dmate as same bank. Got the notice to visit bank with citizenship with in 35 days which is not possible. Can i open online??

        Reply
      • March 21, 2021 at 6:02 pm
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        I forgot my crn number how can I find it?

        Reply
        • February 4, 2022 at 10:42 am
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          Bank give me crn number but not fill ipo why help me

          Reply
          • January 25, 2024 at 6:44 am
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            How can I get crn no.

        • September 14, 2022 at 8:37 am
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          CRN number

          Reply
      • September 16, 2021 at 1:08 pm
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        but mine got rejected what could be the reason ?

        Reply
    • December 9, 2021 at 5:05 pm
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      सर्र मेराे डिम्येाट र मेराे सेर छ तर crn नबर छैन्न crn नबर रजिट्टर गर्रि दिन्नु न सर्र

      Reply
    • December 18, 2022 at 4:45 am
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      you will get crn from your bank account

      Reply
    • January 20, 2023 at 12:47 am
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      Need to visit your bank where you have opened bank account rather than demat account.

      Reply
  • January 12, 2021 at 4:16 am
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    Can one CRN number be used in multiple Demat account?

    Reply
    • January 27, 2022 at 4:25 pm
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      no but one person can have maximum of 2 demat accounts

      Reply
  • January 13, 2021 at 1:40 pm
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    I have CRN number from One bank and Demat account in other bank..From where can I apply for Mero Share account opening..

    Reply
    • February 8, 2022 at 10:24 am
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      Only mero shere opening

      Reply
  • January 13, 2021 at 1:41 pm
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    I have CRN number from One bank and Demat account in other bank..From where can I apply for Mero Share account opening..??

    Reply
    • January 16, 2021 at 3:35 pm
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      Before i got my `Meroshare´account i applied ipo´s by visiting bank with given crn number.However after getting`meroshare´ id while i put same given crn number it says invalid crn provided. I had talked many times with bank but they do not solved this issue.How can i fix this difficulty?

      Reply
    • March 22, 2021 at 7:57 pm
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      Can CRN No. be the same with bank account number??

      Reply
    • August 20, 2023 at 4:14 am
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      from Demat account one

      Reply
  • March 13, 2021 at 4:53 pm
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    i found out my bank charges for every application and there are banks that dont. Can i change to other banks? do i need to re-do c-asba and crn ?

    Reply
    • January 27, 2022 at 4:29 pm
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      you can open your account in a bank which provides c-asba service for free and fill up the c-asba registration form in that respective bank that way you will be given an option to choose bank while applying for shares in primary market and now you can choose the bank that doesnt charge you for the asba service
      i hope it helped

      Reply
  • April 12, 2021 at 7:26 am
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    I hav got into problem !!! mero c-asba number prabhu bank ko ma xa asti dekhi 1 bata 10 charge badai diyo per ipo aba maile mero crn number aru bank bata lina milxa ki nai hola ?

    Reply
  • June 27, 2021 at 12:25 am
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    If someone has tow different Demant account from different Capital , does he need two different CRN number or not…..

    Reply
    • June 27, 2021 at 4:41 am
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      No need. You can apply for the IPO from one demat account with CRN Number.

      Reply
  • July 28, 2021 at 11:02 am
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    I apply for right share from c-asba what will happen if my bank account does not have sufficient fund ? Can I apply again after depositing money ? Do nibl change any fees if I don’t have sufficient fund ?

    Reply
  • July 29, 2021 at 4:55 am
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    My C ASBA is not activate coused wrong email address please what can i do?

    Reply
    • August 1, 2021 at 8:34 am
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      I have written wrong client id in the form of meroshare. What can I do now?

      Reply
    • September 28, 2021 at 7:19 am
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      I have got crn number but it show not registered in asba how to fix this problem please help me

      Reply
  • August 19, 2021 at 9:27 am
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    i’ve invested in debentures of two bank and now i am in need of money can i get it back?if i can? please help me

    Reply
  • October 5, 2021 at 4:02 am
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    I have applied more than 5 times but cant get allowed..Is my account got freezes?..How can I got allowed? Wanna some tips and tricks..

    Reply
  • November 17, 2021 at 1:37 pm
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    I have a dmat account, crn number and meroshare account from the NMB bank but I want to invest in IPO using siddhartha bank ? I have an account and I also got the CRN number from the Siddhartha bank. What should I do ?

    Can I use Meroshare ID of NMB and fill up the IPO using siddhartha Bank CRN number ??

    Reply
  • December 6, 2021 at 12:35 pm
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    How to get Crn number in global ime bank

    Reply
  • May 9, 2022 at 5:43 am
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    Can we change demat account number in crn number ?

    Reply
  • November 3, 2022 at 12:25 pm
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    Remaining amount of TJCL has to deposit up to this day but the provision to apply has been already deleted by 5.00pm on 11/3/2022. We have right to apply up to midnight 12.00pm.

    Reply
  • November 4, 2022 at 6:13 pm
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    Namaste mero share bata ASBA rejected hunx kina ho? Aba maile kaslai contract garnu hola?

    Reply
    • December 18, 2022 at 4:48 am
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      Check the available balance in a bank account before applying. If still application is rejected then contact bank

      Reply
    • February 19, 2023 at 4:50 am
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      Can i found CRN namber

      Reply
  • August 24, 2023 at 2:05 pm
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    Hello I have opened demat account from one bank and i have to fillC-ASBA TO get CRN number so can I fill C-Asba form another bank rather than the bank from which I have opened demat account?

    Reply

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