What is CRN Number in Nepal IPO and How to Get It
May 5, 2026 11:55 am
If you have a DEMAT account and MeroShare login but your IPO application keeps getting rejected the problem is almost always your CRN number. Most new investors in Nepal learn about BOID and MeroShare early on, but CRN is often overlooked until an application fails.
This guide explains exactly what a CRN number is, why you cannot apply for an IPO without it, and how to get it from your bank both online and by visiting a branch.
What is a CRN Number?
CRN stands for C-ASBA Registration Number.
C-ASBA stands for Centralized Application Supported by Blocked Amount. It is the official system introduced by SEBON (Securities Board of Nepal) for all IPO, FPO, and right share applications in Nepal. Your CRN number is a unique identification code issued by your bank. It acts as the verified link between your bank account and your DEMAT account in the CDSC system.
Think of it this way: your BOID tells the system who you are as an investor. Your CRN tells the system which bank account is authorised to block funds when you apply for shares. Without a valid CRN, MeroShare will not allow you to submit an IPO application even if you have money in your account and a fully active DEMAT account.
Why is CRN Required for IPO in Nepal?
Nepal’s IPO system uses the C-ASBA process, which means your application money is not transferred when you apply it is simply blocked in your bank account.
Here is how the process works:
- You apply for an IPO through MeroShare using your CRN number
- Your bank receives a fund-blocking request from the CDSC system
- The application amount is blocked (not deducted) in your account
- If you are allotted shares, the amount is debited permanently
- If you are not allotted, the block is released and the money returns to you automatically
The CRN number is what makes this connection possible. It tells the CDSC system which bank account to send the blocking request to. Without it, the system cannot verify your account, and your application is rejected. This is why SEBON made C-ASBA mandatory for all primary market transactions in Nepal.
CRN Number vs BOID Number — What is the Difference?
Many beginners confuse CRN with BOID. These are two completely separate numbers.
| BOID | CRN | |
|---|---|---|
| Full form | Beneficial Owner Identification Number | C-ASBA Registration Number |
| Issued by | CDSC (your DEMAT provider) | Your bank |
| Length | 16 digits | Varies by bank |
| Purpose | Identifies your DEMAT account | Links your bank account to DEMAT |
| Used for | Checking IPO result, share transfers | Applying for IPO through MeroShare |
You need both to successfully apply for an IPO in Nepal. To learn how your BOID is used after the IPO closes, read our guide on how to check your Nepal IPO result using your BOID.
Who Issues the CRN Number?
Your CRN number is issued by the bank where you have registered for the C-ASBA service. This must be a bank that is an approved ASBA member in Nepal.
Major banks in Nepal that provide CRN registration include:
- Nabil Bank
- Nepal Investment Mega Bank
- NIC Asia Bank
- Global IME Bank
- Himalayan Bank
- Everest Bank
- Siddhartha Bank
- Prabhu Bank
- Sunrise Bank
- Laxmi Sunrise Bank
Most commercial banks in Nepal are ASBA members. You can confirm with your bank before registering.
How to Get Your CRN Number from Your Bank
You can get your CRN number in two ways online through your bank’s digital platform, or offline by visiting a branch.
Method 1 — Online Registration
Many Nepali banks now allow CRN registration through their mobile banking app or internet banking portal. The steps vary slightly by bank but generally follow this process:
- Log in to your bank’s mobile app or internet banking
- Look for a section labelled C-ASBA Registration, Share Registration, or DEMAT Linking
- Enter your 16-digit BOID number when prompted
- Enter your MeroShare username or DEMAT account details
- Confirm the submission
- Your CRN number will be generated and sent to your registered mobile number or email within 1 to 3 working days
If you cannot find the C-ASBA option in your mobile app, call your bank’s helpline or visit a branch some banks only offer this service in person.
Method 2 — Offline Registration (Branch Visit)
If online registration is not available at your bank, you can visit any branch to complete the process.
Documents you will need:
- Your Nepali citizenship certificate (original and photocopy)
- Your bank account passbook or account number
- Your 16-digit BOID number (available in your MeroShare profile)
- Filled C-ASBA registration form (provided by the bank)
Steps:
- Visit your nearest bank branch
- Ask the bank staff for the C-ASBA registration form
- Fill in your personal details, bank account number, and BOID number
- Submit the form along with your citizenship photocopy
- The bank will verify your details and link your account to the CDSC system
- Your CRN number will be issued and sent via SMS or given to you directly
The process usually takes 1 to 3 working days after form submission.
How to Add Your CRN Number in MeroShare
Once your bank issues your CRN, you need to link it to your MeroShare account before you can apply for IPOs. Here is how:
- Visit meroshare.cdsc.com.np and log in with your credentials
- Go to My ASBA from the top menu
- Click on My Bank Request
- Click Add Bank
- Select your bank from the dropdown list
- Enter your bank account number and CRN number
- Submit the request
MeroShare will verify the details with your bank. Once confirmed (usually within 1 to 2 working days), your bank account will appear as Active under My ASBA and you will be ready to apply for IPOs.
Once your CRN is active, you can follow our complete guide on how to apply for an IPO using MeroShare for the full step-by-step process.
How to Find Your CRN Number if You Forgot It
If your bank already issued your CRN but you have misplaced it, there are two ways to find it:
Through MeroShare:
- Log in to MeroShare
- Go to My ASBA then click My Bank Request
- Your registered CRN number will be visible next to your bank account details
Through your bank: Contact your bank’s customer support or visit a branch. They can retrieve your CRN number after verifying your identity with your citizenship certificate and account details.
Can You Have More Than One CRN Number?
Yes. You can register for C-ASBA at more than one bank if you have accounts in multiple banks. Each bank will issue you a separate CRN number. However, for any single IPO application, you can only submit one application using one CRN. Submitting multiple applications for the same IPO from different accounts linked to the same person is prohibited and will result in all applications being disqualified.
Common Problems with CRN and How to Fix Them
CRN shows as invalid in MeroShare This usually happens when the number was entered incorrectly or the bank has not yet completed the CDSC verification. Wait 2 to 3 working days and try again. If the issue persists, contact your bank directly. CRN not received after submitting the C-ASBA form Banks sometimes take a few extra days during busy periods.
If you have not received your CRN within 5 working days, follow up with your bank branch in person. IPO application rejected even with a valid CRN Check that your CRN is showing as Active under My ASBA in MeroShare. If it shows as pending or inactive, your bank may not have completed the verification. Contact your bank to resolve this.
CRN from one bank not working for another bank account Your CRN is specific to the bank that issued it. If you want to apply using a different bank account, you need to register for C-ASBA at that bank separately and get a new CRN.
After your IPO is submitted and the result is published, you can check your allotment status directly on iporesult.cdsc.com.np using your BOID number. Learn how to read your result on our Nepal IPO result check guide.
Frequently Asked Questions
Is CRN the same as my bank account number? No. Your CRN is a separate number issued specifically for linking your account with the CDSC system for IPO transactions. It is different from your regular account number.
Can I apply for an IPO without a CRN number? No. A valid and active CRN is mandatory for all IPO applications through MeroShare in Nepal. You cannot bypass this requirement.
Does CRN expire? The CRN itself does not expire, but if your bank account becomes inactive or your DEMAT account is not renewed, your C-ASBA registration may stop working. Keep both accounts active to avoid issues.
Is there a fee for getting a CRN number? Most banks do not charge for C-ASBA registration. However, some banks charge a small fee per IPO application. Check with your specific bank for their current charges.
Can a minor get a CRN number in Nepal? Minors can have a DEMAT account opened by a guardian, and a CRN can also be registered on their behalf. The guardian must complete the C-ASBA form at the bank with the required documents.
Conclusion
Your CRN number is the bridge between your bank account and the IPO application system in Nepal. Without it, even a fully set-up MeroShare account and DEMAT account cannot be used to apply for shares. Getting your CRN is straightforward fill the C-ASBA form at your bank (online or in person), wait 1 to 3 working days, then link the number to MeroShare through My ASBA.
Once it is active, you are ready to apply for any IPO, FPO, or right share issue in Nepal. Once your application is submitted and the result is announced, visit iporesult.cdsc.com.np or check through MeroShare to see your allotment status. For a full guide on checking results, visit our Nepal IPO result page.
Asmita Neupane 
I’m Asmita Neupane, a content writer at IPOResult.org with 2–3 years of experience in IPO results and Nepal’s stock market. I simplify topics like DEMAT, BOID, and investing so readers can easily understand them. My focus is to provide clear, accurate, and helpful financial information.
