Applying for an IPO in Nepal has never been easier. Forget visiting websites or relying on third‑party platforms. With the Global Smart Plus mobile banking app, you can apply for an IPO from your phone in minutes.
Why Apply IPO Through Mobile Banking?
Mobile banking saves time and effort. You don’t need to visit a website and fill in the multiple details. The entire process happens on your smartphone with a very few tap. You can apply anytime, anywhere. Plus, you don’t need to input CRN manually. CRN will be filled automatically.
Benefits of Using Global Smart Plus for IPO Applications
Global Smart Plus offers a seamless IPO application experience. The app is user-friendly and secure. You get instant confirmation after applying. Your money stays in your account until shares are allotted. The blocked amount earns interest during the waiting period.
Who Can Apply for IPO Through This Feature?
Any Global IME Bank account holder can use this feature. You must have a savings account, DEMAT account, MeroShare account and C-ASBA registration. Both individual and corporate customers qualify.
What You Need to Apply for IPO
Before you start, gather these essentials.
Active Global IME Bank Savings Account
You need an operational savings account. The account should have mobile banking enabled. Your account must not be frozen or restricted.
DEMAT Account (Beneficiary Owner Account)
A DEMAT account holds your shares electronically. You must open this at any Depository Participant (DP) in Nepal. Global IME Capital is one option. However, you can also use DPs opened from other institutions.
Mero Share
You must also have a Mero Share account registered with the same Depository Participant(DP).
C-ASBA (Centralized Application Supported by Blocked Amount) Registration
C-ASBA connects your bank account with your DEMAT account. Visit your Global IME branch to complete this registration. You’ll need your DEMAT account details and bank account information.
CRN Number (Client Registration Number)
Your CRN is a unique identifier for IPO applications. Global IME Bank issues this number during C-ASBA registration. Keep this number safe—you’ll need it for every IPO application.
Sufficient Account Balance
Your account must have enough money to cover your IPO application. The amount gets blocked, not deducted. Calculate: Number of shares × Price per share.
Global Smart Plus App with Full Access
Download Global Smart Plus from Google Play Store or Apple App Store. Complete the registration and activation process. Enable all necessary permissions for smooth operation.
Understanding IPO Application Basics in Nepal
Let’s understand key concepts before diving into the application process.
What is an IPO (Initial Public Offering)?
An IPO is when a private company offers shares to the public for the first time. Investors can buy ownership stakes in the company. This helps companies raise capital for expansion.
What is ASBA and How Does It Work?
ASBA means Application Supported by Blocked Amount. Your application money stays in your bank account but gets blocked. If you receive an allotment, the money is deducted. If not, the block is released.
What is a CRN Number and Why Do You Need It?
CRN links your bank account to your DEMAT account. It ensures shares land in the correct DEMAT account. Without CRN, you cannot apply for an IPO through mobile banking.
Step-by-Step Guide: How to Apply for IPO Using Global Smart Plus
Follow these simple steps to apply for an IPO.
- Step 1: Open Global Smart Plus and Log In
- Step 2: Click on Hub and Navigate to the “Investment Section” and Tap on Apply IPO.
- Step 3: For the New users you need to provide the DEMAT Number and agree the “Terms and Conditions” and click on the continue button. You’ll see a list of info that you will be sharing and click on continue.
- Step 4: ASBA registration will be completed and you will be provided with a CRN number. Copy and keep it safe for future and click “Back to Home” button
- Step 5: Fill in Application Details (Number of Kitta) on the existing application of an IPO.
How to Check Your IPO Application Status
Track your application through multiple channels.
Via Global Smart Plus App
Open the app and navigate to “Apply IPO” section. Select “History” on the top right-side of the screen”. Your applications appear with their status when clicked.
Common IPO Application Mistakes to Avoid
Learn from others’ mistakes to ensure smooth application.
Applying Without Sufficient Balance
Always keep an extra buffer amount. Account charges or minimum balance requirements may affect your available funds. Also remember to maintain the balance for the ASBA charges. If the ASBA Charge is not in the bank account, the shares get rejected as insufficient balance.
Missing Application Deadline
IPOs close at 5 PM on the specified closing date. Don’t wait until the last hour and plan ahead for application.
Conclusion: Invest Smarter with Global Smart Plus IPO Feature
Applying for an IPO through Global Smart Plus is simple and convenient. You save time and avoid branch visits. The process is secure and transparent.
Start your investment journey today. Download Global Smart Plus if you haven’t already. Complete your C-ASBA registration. Get your CRN number ready.
Frequently Asked Questions (FAQs)
Is there any charge for applying for an IPO through Global Smart Plus?
No, Global Smart Plus RS 5 charge for IPO applications.
Can I apply for multiple IPOs at the same time?
Yes, if multiple IPOs are open simultaneously. You need sufficient balance for each application.
How long does the amount remain blocked after IPO application?
Until results are declared. The amount continues earning interest.
Can I cancel my IPO application after submission?
No, IPO applications cannot be canceled once submitted. Be careful before confirming.
Do I need to visit a branch to apply for an IPO?
No, the entire process is digital. Branch visit is only needed for initial C-ASBA registration.
