How can an NRI apply for IPOs and rights issues?

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.