How can NRIs Invest in IPOs in India?

IPO stands for Initial Public Offering, the process by which a private company or corporation sells a portion of its stake to investors. This is when the entity transitions to a public company to raise capital from public investors. However, for NRIs, investing in an IPO comes with specific rules, such as the need for an NRI demat account and funding through NRE/NRO accounts.

Investments from NRE accounts are generally repatriable, while NRO accounts are non-repatriable. An NRI can apply for IPO using UPI or the ASBA (Application Supported by Blocked Amount) method, depending on their bank. Most NRIs apply via ASBA. UPI-based IPO applications are generally not available for NRI bank accounts and depend on bank-specific support. Keep reading further to know how NRIs can invest in IPOs in India.