CDSC to create separate website for IPO application

Kathmandu, March 12

CDSC is preparing to create seperate website for applying IPO. To make it is easy to apply for IPO without any hassle CDSC will create a separate website.

After the inconvenience and hassle of applying for IPO, CDS and Clearing Limited (CDSC) has decided to create a separate website so that the application can be submitted easily in the primary share issue of the organization.

CDSC’s CEO Purna Prasad Acharya has informed that preparations are being made to create a separate website after the new company’s IPO was heavily loaded during the IPO period.

According to CEO Acharya, discussions are underway with system vendor company Fvan Soft due to the recent surge in CDSC’s ‘Mero Share’ portal during the IPO issuance period.

According to Acharya, a separate website will now be set up from the CDSC sub-domain for the purpose of applying for a new company’s IPO. Due to the current pressure on services such as share details, portfolio, IPO / rights application, electronic share transfer, weighted average cost calculation on the ‘Mero Share’ portal, around 80,000 real time traffic is seen while applying for IPO on CDSC’s website.

The attraction in the primary market is increasing as it has the facility to participate from 77 districts across the country and has started making huge profits in a short period of time.
According to CDSC, 3.158 million 796 people have opened demat accounts till Friday. Similarly, more than 1.85 million applications have been received for the IPO application of the new company to be launched in the primary market. Currently, CDSC is releasing the IPO results through subdomains. It started with the IPO results of Mahila Laghubitta Bittiya Sanstha Limited.