Things to Avoid While Applying IPO
We all know how precious IPOs are with little investment we can get huge returns. So, we should not make any mistakes while Applying for the IPOs. Things you should know before applying for IPOs to avoid mistakes are:
- Your mero share id and password
First of all, you should know your depository participants / your bank name where your Boid account was created along with your username and password which you got in your Gmail. Wrong Share id does not allow the user to login into their dashboard.
- Sufficient balance along with Casba charge of your bank
Before applying for the Ipo you should always check whether you have sufficient balance along with the c-asba charge of the bank otherwise your application will be rejected.
For example; If you have 1000 rupees in your bank and you apply for the share amount exceeding 1000 then your application will be rejected.so, it is always better to check your balance before applying.
- Your CRN number
You should know your CRN number provided before applying for the IPO which needs to be submitted in the process of filling up the IPO. Which you will get in your message box or if you have submitted a form visiting the bank you will get a paper where the crn number is provided.
- Your transaction pin
You must know your transaction pin in the process of applying for the IPO which is of 4 digits that you have set at the beginning of the Mero share application opening
- Renewing mero share and Demat account
Renewing BOID/Demat is not mandatory for filling the IPO but you should renew it otherwise your allotted share will be frozen and you will not be able to transfer the share. After selling which will lead to a penalty of 20% of your share amount. But renewing of mero share account is mandatory otherwise will not be able to apply for the IPO. It costs you a total of 100 (for Demat) and 50(for mero share).
If you don’t have an idea how to renew mero share and Demat then check our article.
- Use a single Demat account
One person can have two Demat accounts but applying from both the Demat account for the same company IPO will lead to the rejection of the IPO. So, Always apply for IPO from the same Demat account.
6 Mistakes To Avoid while Apply IPO in Nepal
1. Your mero share id and password
2. Sufficient balance along with Casba charge of your bank
3. Your CRN number
4. Your transaction pin
5. Renewing mero share and Demat account
6. Use a single Demat account
1. How to increase the chance to get IPO in Nepal?
Ans: Your chance to get IPO depends upon luck but also there are a few factors that increase the chance to get IPO allotted,
1. Avoid applying IPO from multiple accounts,
2. Avoid the last monument Subscription of IPO,
3. Check the amount of money in your bank while applying for IPO,
4. Fill up the detail carefully.