Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Does an NRI require PIS permission to purchase shares in IPOs?

No, NRIs do not require any PIS permission to purchase shares in the primary market. The application money can be paid through a regular NRE / NRO bank account or inward remittance.

Does an NRI require PIS permission to purchase shares in IPOs?