How to apply in IPO from NRI account (NRE or NRO)?

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An NRI customer who is eligible to invest in an IPO can apply online through the net-banking facility of the bank where they have a Non-PIS Saving Bank NRI Account.

Most banks including ICICI, HDFC, Kotak, SBI and Axis bank offer online IPO application (ASBA).

As most companies do not make NRI's eligible to invest in IPO of Equity Shares, NRI customers should check the IPO Red Herring Prospectus (RHP) to check the eligibility.


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