List of Depository Participants (DPs) In Nepal.

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Depository participants are certified agents of a depository “The Security Board of Nepal, and licensed members of “CDS and Clearing Limited.” 

They are generally stockbrokers and merchant banks (check the list of DP’s below to understand). We can open a Demat account at any reputed bank as most are into merchant banking and participate as Depository Participants.

Stocks are held electronically in a Demat account, and Demat accounts are opened with DPs. Just like we keep cash in a bank, shares are held on Demat accounts for safekeeping and ease of trading.

Eligibility criteria to become an Authorized Depository Participant in Nepal:-

  • Bank or Financial Institution, Stock Broker, Registrar and Transfer Agent, custodian, or another entity as prescribed by the Security Board of Nepal.
  • Should have a minimum net worth of ten million NPR (one crore Nepali rupees).
  • Not blocklisted by the Credit Information Bureau.
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Depository Participant’s Services in Nepal: 

  • Create a Demat account.
  • Keeping a record of securities in an electronic format.
  • Stock dematerialization & re-materialization.
  • Settlement of off-market transactions between beneficial owners outside of NEPSE.
  • Trades are settled by transferring/receiving securities from/in beneficial owner accounts.
  • Deposit the non-financial corporate benefits (such as bonuses or right shares).
  • Provide electronic credit of securities allotted by issuers during IPOs.
  • Facilitation of the pledge, unpledged, freeze, unfreeze, and other operations with dematerialized securities.
  • Providing other services as required by CDSC laws & regulations.

What is BO In Nepal?

For a fundamental understanding, The beneficial owner is an individual investor who owns a Demat Account. 

A Beneficial Owner or BO has opened a CDSC Demat account through a registered Depository Participant to deposit their securities or instruments that can be deposited in Demat form.

What Is BOID In Nepal? 

BOID_Meaning_in_Nepal

BOID stands for Beneficial Owner Identification.

The BOID number is a unique code created when someone opens a CDSC Demat account through an authorized Depository Participant.

This code is made up of 16 digits, and it helps identify and keep track of the account. 

Everyone who opens an account gets a unique BOID number different from anyone else’s. It’s like having your special ID card for your Demat account.

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Don’t get confused; BOID (number) and Demat Number are the same in Nepal.

BOID or Demat number comprises an 8-digit DP ID and an 8-digit Client ID.

The Demat number or BOID is found on Demat statements and can be accessed by logging in to the Meroshare website and visiting under My Details.

Sample BOID: 1203398701244567

The first eight digits (12033987) are the DP ID, and the last is the unique client identification number (01244567).

 

The latest list of Depository Participants in Nepal is updated below, along with their contact numbers. 

                                                               (Updated List July 2023)

S.N. DP ID

Depository Participant (DP)

Name and Address

Telephone
1 13013200

ABC Securities Pvt. Limited

Indrachowk, Kathmandu

01-4230787
2 13012300 Agrawal Securities (Pvt.) Limited
Krishna Galli, Lalitpur
01-5554793
3 13011900 Aryatara Investment & Securities Pvt. Limited
Dillibazar, Kathmandu
01-4424406
4 13015600 Ashutosh Brokerage and Securities Pvt. Limited
Khichapokhari, Kathmandu
01-4220276, 01-4227510
5 13014700 Asian Securities Pvt. Limited
Bagbazar, Kathmandu
01-4240609
6 13011100 Bank of Kathmandu Limited
Kamalpokhari, Kathmandu
01-4414541
7 13015000 Bhrikuti Stock Broking Company Pvt. Limited
Newroad, Kathmandu
01-4223466
8 13016000 Century Commercial Bank Limited
Putalisadak, Kathmandu
01-4445062, 01-4412579
9 13011700 Citizens Bank International Limited
Anamnagar, Kathmandu
01-4102534
10 13010100 Civil Capital Market Limited
Kamaladi, Kathamandu
01-4168664
11 13013300 Creative Securities Pvt. Limited
Kamalpokhari, Kathamndu
01-4419582
12 13013400 Crystal Kanchanjungha Securities Pvt. Limited
New Plaza, Kathmandu
01-4011072
13 13012000 Dakshinkali Investment and Securities Pvt. Limited
Kamalpokhari, Kathmandu
01-4439676
14 13014500 Deevyaa Securities & Stock House Pvt. Limited
Putalisadak, Kathmandu
01-4421488
15 13011300 Dipshikha Dhitopatra Karobar Co. Pvt. Limited
Kamaladi, Kathamndu
01-4169067
16 13014900 Dynamic Money Managers Securities Pvt. Limited
Putalisadak, Kathmandu
01-4414522
17 13010800 Everest Bank Limited
Lazimpat, Kathmandu
01-4443377
18 13011200 Global IME Capital Limited
Jamal, Kathmandu
01-4422460
19 13016200 Guheswori Merchant Banking & Finance Limited
Pulchowk,Lalitpur
01-5550406, 01-5537407
20 13013100 Imperial Securities Co. Pvt. Limited
Anamnagar, Kathmandu
01-4231004
21 13015400 Prime Commercial Bank Ltd
NewPlaza, Kathmandu
14443034
22 13014300 Kohinoor Investment & Securities Pvt. Limited
Hattisar, Kathmandu
01-4442857
23 13015200 Kumari Bank Limited
Naxal, Kathmandu
01-4415173
24 13010700 Laxmi Capital Limited
Pulchowk, Lalitpur
01-5551363
25 13013800 Linch Stock Market Limited
New Baneshwor, Kathmandu
01-4469367
26 13016100 Machhapuchchhre Bank Limited
Lazimpat, Kathmandu
01-4428556
27 13013600 Market Securities Exchange Company Pvt. Limited
Khicha Pokhari, Kathmandu
01-4248973
28 13015900 Naasa Securities Company Limited
Naxal, Kathmandu
01-4440384, 01-4440385
29 13010400 Nabil Investment Banking Limited
Naxal, Kathmandu
01-4411604
30 13015100 Nepal Bangladesh Bank Limited
Kamaladi, Kathmandu
01-4233780
31 13015700 Nepal Bank Limited
Dharmapath, Kathmandu
01-4221185
32 13016300 Nepal Credit & Commerce Bank Limited
Bagbazar, Kathmandu
01-4246991
33 13015500 Nepal DP Limited
Putalisadak, Kathmandu
01-4227086
34 13015300 Nepal SBI Bank Limited
Hattisar, Kathmandu
01-211991, 01-4435671
35 13011500 Nepal Stock House Pvt. Limited
Anamnagar, Kathmandu
01-4233596
36 13010600 NIBL ACE Capital Limited
Lazimpat, Kathmandu
01-4005080, 014005080
37 13013700 NIC Asia Bank Limited
Thapathali, Kathmandu
01-5111179
38 13011000 NMB Capital Limited
Naxal, Kathmandu
01-5243096
39 13011800 Online Securities Pvt. Limited
Putalisadak, Kathmandu
01-4168302
40 13013900 Prabhu Bank Limited
Babarmahal, Kathmandu
01-4232500
41 13014800 Premier Securities Co. Limited
Putalisadak, Kathmandu
01-4231339
42 13012800 Primo Securities Pvt. Limited
Putalisadak, Kathmandu
01-4168092
43 13014400 Sani Securities Company Limited
Jamal, Kathmandu
01-4166005
44 13015800 Sanima Bank Limited
Naxal, Kathmandu
01-4428979, 01-4428980
45 13011600 Secured Securities Limited
Kamaladi, Kathamndu
01-4168640
46 13012700 Sewa Securities Pvt. Limited
Tripureshwor, Kathmandu
01-4256642
47 13012900 Shree Krishna Securities Limited
Dillibazar, Kathmandu
01-4441225
48 13010900 Siddhartha Capital Limited
Narayanchaur, Naxal, Kathmanduv
01-4420924. 4420925
49 13014600 Sipla Securities Pvt. Limited
Khicha Pokhari, Kathmandu
01-4255078
50 13013000 South Asian Bulls Pvt. Limited
Kuleshwor, Kathmandu
01-4274020
51 13014000 Sri Hari Securities Pvt. Limited
Kamaladi, Kathamndu
01-4437465
52 13014200 Sumeru Securities Pvt. Limited
Hattisar, Kathmandu
01-4444740
53 13011400 Trishakti Securities Public Limited
Putalisadak, Kathmandu
01-4232132
54 13013500 Vision Securities Pvt. Limited
Putalisadak, Kathmandu
01-4438621
55 13016400 National Merchant Banker Limited
Gyneshwor- 32, Kathmandu
01-4430746
56 13016500 RBB Merchant Banking Limited
Teku, Kathmandu
01-4243265
57 13012400 Sunrise Capital Limited
Kamalpokhari, Kathmandu
01-4428550, 4428660
58 13012600 Prabhu Capital Limited
Durbar Marg, Kathmandu
01-4222987
59 13016900 Prime Commercial Bank Limited
Kamalpokhari, Kathmandu
01-4423433
60 13016600 Provident Merchant Banking Limited
Kathmandu-35, Balkumari Bridge
01-5147097, 01-5147192
61 13016700 Mahalaxmi Bikas Bank Limited
Durbar Marg, Kathmandu
01-4268162, 4268208, 4268720
62 13017000 Oxford Securities Pvt. Limited
Kalimati, Kathmandu
01-4273850
63 13017100 Trishul Securities & Investment Limited
Putalisadak, Kathmandu
01-4440709
64 13017200 Agricultural Development Bank Limited
Ramshahpath, Kathmandu
01-4219242, 4251537
65 13012200 Global IME Bank Limited
SHANKHAMUL MARG,NAYA BANESHWOR,
14,786,100,014,785,900
66 13012500 Muktinath Capital Limited
Hattisar Sadak, Kamaladi, Kathmandu
01-4546108, 01-4546109, 01- 4546470
67 13016800 Nabil Bank Ltd
DURBARMARG, KATHMANDU
01-4241648
68 13017300 MEGA CAPITAL MARKETS LIMITED
TRIPURESHWOR, KATHMANDU
01-5362790, 01-5362772
69 13017400 ICFC FINANCE LIMITED
BHATBHATENI, NAXAL
14,425,292,014,425,200
70 13017500 WEALTH MANAGEMENT AND MERCHANT BANKING LIMITED
MAITIDEVI COMPLEX , KATHMANDU
14,418,664,014,418,600
71 13017600 KCL ASTUTE CAPITAL LIMITED
HATTISAR -1, KATHMANDU
014429149, 014429150
72 13014100 Machhapuchhre Kriti Capital Ltd
BAGDURBAR, SUNDHARA,JDA COMPLEX, KATHMANDU
014266325, 014249453
73 13017700 HIMALAYAN CAPITAL LIMITED
THAMEL,KATHMANDU,
014258345, 014263147
74 13017900 Jyoti Bikash Bank Limited
Kamalpokhari 1, Kathmandu
015970301, 5970303, 5970304, 5970306
75 12018000 Gurkhas Finance Limited
Charkhal Road, Dillibazar, Kathmandu
01-4437401, 01-4437403
76 13018100 Sampanna Capital & Advisory Nepal Limited
Alpha Beta Complex, New Baneshwor, Kathmandu
01-4782847
77 13018200 Kamana Sewa Bikas Bank Ltd
Gyaneshwor, Anandabhairav Marg, Kathmandu
01-4440115, 01-4440116
78 13018300 Swarnalaxmi Securities PVT.LTD.
Putalisadak, Kathmandu
01-4168219 01-4168291
79 13018400 Shangri-la Development Bank LTD.
Baluwatar, Kathmandu
01-4421861 01-4421862
80 13018500 Shine Resunga Development Bank LTD.
Butwal-11, Rupandehi
071-415502, 071-415503
81 13010200 NIBL ACE CAPITAL LIMITED
LAL COLONY MARG,LAL DURBAR,
14426161
82 13017800 SUNDHARA SECURITIES LIMITED
Sundhara, Bagdurbar, Kathmandu
01 4212215,4263583,4260174

Conclusion

Depository participants are an important part of the securities market ecosystem in Nepal.

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 They offer a range of services that can make investing in securities more convenient and efficient.

 It is essential to choose a depository participant that offers the services you need and has a good reputation in the market.

FAQs

What is a Depository?

A depository is a place that helps people hold and trade securities without needing any physical certificates. It takes ownership of the shares on behalf of the shareholders and keeps them in electronic form.

An investor needs to open a DeMat account to use the depository’s services. The depository also keeps a record of the investor’s account.

How do I choose a depository participant in Nepal?

It is crucial to consider factors such as the services offered, reputation in the market, and charges when choosing DPs in Nepal.

Are depository participants regulated in Nepal?

Yes, the Securities Board of Nepal (SEBON) regulates depository participants in Nepal.

Can I open a demat account directly with CDSC?

No, you cannot open a demat account directly with CDSC. You can only open a demat account through a DP of CDSC.

 


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