So you’ve made your Demat account to invest in IPOs.
Meroshare is an online platform that allows you to apply for IPOs online.
If you have already applied for Meroshare while applying for a Demat account, you will get an email with your Meroshare username and Meroshare password.
You can also apply for meroshare to buy IPOs from your home even if you have already made your Demat account.
However, if you enter the wrong DP, username, or password for 10 times, your meroshare account is blocked. Unblocking it is very difficult because you will have to send an email with a form to ask for password reset mail again.
These are the things that you should keep in mind while accessing your Meroshare dashboard for the first time.
1. Your Depository Participant is not always your bank
So I told one of my friends to make her Demat account from Prabhu Capital because it was offering free Demat services for three years.
Her bank account was from NIC Asia Bank.
But this isn’t the real problem. Even stockbroker companies make a Demat account for you. All you have to do is connect your Depository Participant (one who makes your Demat account) with your bank account.
Now, since my friend is very smart, she put NIC Asia in the place where she was supposed to fill the name of her Depository Participant, which is Prabhu Capital.
She would have blocked her account trying continuously if I hadn’t stopped her.
So don’t mistake your bank with your DP.
However, for some people, the bank and the DP are the same. It is not a problem for them.
2. Mero Share Username
Since we are habitual with apps like Instagram and Facebook asking for our username, we go straight to choose our own username. I have seen many people typing their names in the username field for the first time.
The correct username you should fill is the one provided in an email. It looks like this:
Ignore the two zeros. Fill 123456 (The six digits after 00).
3. Your initial Mero share password
For some strange reason, the password that the email provides does not work for all.
I blocked my meroshare account the first time too.
I typed the exact letters they had given me. I tried typing them both in lowercase (small letters) and uppercase (capital letters).
However, only after my account was blocked, I called Prabhu Capital and realized that the initial password is 12345 for all.
Once you fill all the details above correctly, you will be directly taken to the new password renewal portal. This is where you set your own secure, secret password for meroshare.
After this is done, you will be taken to Meroshare’s dashboard. This is the place where you can apply for IPOs online.
Fiddle with the menus. It is a simple platform with only a handful of things to do. It isn’t difficult to figure everything out.
Now, this is the important part: You will need to fill your CRN Number here to connect your Meroshare with your Bank account.
This is important because, whenever you apply for IPOs online from meroshare, the equivalent amount is blocked in your bank account.
This is all there is. Relax, the process isn’t as overwhelming as you thought. One day, you’ll look back and laugh at how dumb you were. I do that now sometimes.