Yes, NRIs can apply for IPOs through Angel One, but they need an NRE or NRO account linked with a PIS (Portfolio Investment Scheme) bank account. Angel One allows NRIs to invest in IPOs by following RBI rules and SEBI guidelines. The process is simple and safe. You can apply by filling an application form offline and submitting the required documents to the NRI desk of Angel One. With the right setup, NRIs can invest in growing Indian companies through IPOs and benefit from potential long-term gains.

Can NRIs Apply for IPOs Using Angel One?

Yes, NRIs can apply for IPOs using Angel One if they have an NRE or NRO account linked with a PIS permission letter from a bank. Angel One supports IPO investment for NRIs under the Portfolio Investment Scheme (PIS) regulated by RBI. It is safe and fully legal for NRIs to invest in IPOs through Angel One.

What Is the Process to Apply for an IPO?

To apply for an IPO, NRIs need to fill the IPO application offline through Angel One's NRI desk. You must mention your NRE or NRO account, provide PIS permission, and submit the form before the IPO deadline. Once shares are allotted, they are added to your Angel One Demat account. It is a smooth process, and the team also helps you step-by-step.

Which Accounts Are Required?

You must open an NRE or NRO trading and Demat account with Angel One. Along with this, a PIS-enabled bank account is necessary. These accounts allow NRIs to apply for IPOs and trade in Indian stock markets as per RBI norms.

What Documents Are Needed?

NRIs must submit their PAN card, passport with visa page, overseas address proof, Indian address proof, and PIS letter. These documents must be self-attested or embassy attested before submission. Angel One helps NRIs with the documentation process.

Are There Charges for IPO Application?

Angel One may charge a small processing fee for NRI IPO applications. Your bank may also charge separately for using the PIS account. However, the charges are low and reasonable. All costs are clearly informed before you apply.

How Will You Know IPO Allotment Result?

Angel One informs you about IPO allotment through SMS and email. If you get the shares, they are added to your Demat account. If you don’t, your money will be refunded to your bank account within a few days.

What Is the Minimum Investment in IPOs?

Minimum investment depends on IPO lot size. Usually, it starts from ₹15,000 to ₹20,000 depending on the IPO. NRIs can apply for more than one lot, but the money should be available in the linked bank account.

Is IPO Investment Safe for NRIs?

Yes, IPO investment is completely safe and regulated by SEBI and RBI. Angel One is a trusted broker that helps NRIs invest securely. IPOs are a good way to invest in top Indian companies before they get listed on the stock market.