If you're new to Nepal's stock market, you've probably come across two names constantly: Mero Share and TMS. Many beginners assume they need to pick one — but that's a misunderstanding. These two platforms serve completely different purposes, and you actually need both to invest in NEPSE. Here's exactly how they differ.
What Is Mero Share?
Mero Share is CDSC's official investor portal, tied directly to your Demat account (BOID). Think of it as your record-keeper and IPO gateway. It's where you:
- Apply for IPOs and FPOs through the "My ASBA" section.
- Check your portfolio and current shareholdings.
- View IPO allotment results.
- Complete WACC calculation and EDIS confirmation after selling shares.
- Download capital gains statements for tax purposes.
Mero Share is free to use and provided directly by CDSC — but it does not let you place buy or sell orders on NEPSE.
What Is TMS?
TMS (Trading Management System) is your trading desk — the platform provided by your individual licensed broker where you actually place buy and sell orders on NEPSE in real time. Each broker has a unique TMS URL (e.g., tms35.nepsetms.com.np for Broker 35), and you receive your login credentials after opening a trading account with them.
On TMS, you can:
- Place limit or market buy/sell orders during trading hours.
- Check live market watch and price movements.
- Manage your trading collateral balance.
- Use tools like "Good Till Cancelled" orders.
Key Differences at a Glance
- Provider: Mero Share is run by CDSC (the depository); TMS is run by your individual broker.
- Purpose: Mero Share manages your holdings and IPO applications; TMS executes actual trades.
- Login: Mero Share uses your BOID; TMS uses credentials issued separately by your broker.
- Trading: Only TMS lets you buy or sell shares — Mero Share cannot do this.
- Post-sale action: Only Mero Share lets you complete WACC and EDIS after a sale executed on TMS.
How They Work Together
A typical transaction flows across both platforms: you place a sell order on your broker's TMS, and once it executes, you must go to Mero Share to complete WACC and EDIS by the T+1 deadline — otherwise you risk the 20% closeout penalty. For the full walkthrough, see our guide: Mero Share WACC Calculation: Step-by-Step Guide.
Do You Need Both as a Beginner?
Yes — there's no way around it. Mero Share alone lets you apply for IPOs and hold shares you win through allotment, but if you want to actively buy or sell in the secondary market, you must also open a TMS account with a licensed broker. Both accounts connect back to the same Demat account (BOID), so your holdings stay consistent across platforms.
Frequently Asked Questions (FAQ)
Can I buy shares directly through Mero Share?
No. Mero Share does not support direct share trading — you can only apply for IPOs and manage EDIS there. Buying and selling requires a TMS account with a broker.
Do I need a separate TMS account for each broker?
Yes. TMS credentials are issued individually by each broker you register with, and you can have accounts with multiple brokers if needed.
Is Mero Share connected to my broker automatically?
Both platforms connect to your same BOID and Demat account, so your holdings update consistently, but Mero Share and TMS remain functionally separate systems you log into independently.
Conclusion
Mero Share and TMS aren't rivals — they're two halves of the same investing workflow. Mero Share is your portfolio manager and IPO gateway, while TMS is where the actual buying and selling happens. As a beginner, plan to set up and get comfortable with both from day one.
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