How can NRIs apply for IPOs?

1. ASBA Option:

This option is available through the net banking login of your NRE/NRO bank account.

• Ensure you select the correct depository and enter your DEMAT account number while applying.
• ProStocks clients should select CDSL and enter their 16-digit DEMAT account number to apply.
• Click here to find out your DEMAT account number.

2. ProStocks Trading Login:

Use the ‘Bid’ option to apply for IPOs with your UPI address. The National Payments Corporation of India (NPCI) has expanded UPI’s reach to include NRIs with NRE/NRO bank accounts.

• Follow this link to learn about the UPI registration and linking process: UPI for NRIs - Product Overview.

Click here to learn more about the IPO application process through the trading login.