The implementation of C-ASBA has shown new possibilities in the stock market. Few years ago, if anybody would say that the allotment of shares will take 37 hours then he would have been a laughing stock. But C-ASBA has made the realities come true.
Following the quick allotment of shares (Aarambha Microfinance’s IPO allotment in 36 hours) , C-ASBA’s implementation has also made a generous improvement for the investors. Now the investors need not bear hassle to find the IPO result.
The long wait for refreshing the pages of online portals will also not be needed as the update of the allotment or non-allotment of shares will be automatically updated in the Meroshare account of the respective investor. And also the status of the amount of money being blocked or unblocked can also be known from the website itself.
To get the update on the application status of the shares applied, an investor should follow the following steps:
An investor should log into their MeroShare account (http://www.meroshare.cdsc.com.np).
Then, they have to go to My ASBA tab and into Application report.
After that, they need to go to Check Application Report. There they can find status of allotment, remark about the amount (if it is blocked or not) and other required information.
Below is the picture of the "Check Application Report" section when the share allotment has been completed but shares have not been allotted to the applicant:
Here, below is the picture of the "Check Application Report" section when the share allotment has been completed but shares have been allotted to the applicant where we can see "Allotted" in the Status feild and below it we can see how many shares have been allotted to the applicant:
Hence, the implementation of C-ASBA has made it easier to apply for shares as well as know the result of allotment with details individually in the applicant's respective account of MeroShare. Thus, the applicants/investors can, now, easily know the application status merely by their internet access no matter which part of the country they are.
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