How can an NRI apply for IPOs and rights issues?
NRIs can apply for IPO through UPI or net Banking
ASBA (Applications Supported by Blocked Amounts). The bid amount must be paid
in Indian rupees and freely convertible foreign exchange for the investment to
be considered for allocation.
Note: NRIs should review the IPO prospectus to
determine their application eligibility. 5Paisa does not offer NRI account
openings. Therefore, NRIs cannot invest in IPOs through 5Paisa.
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