How can an NRI apply for IPOs and rights issues?
NRIs can apply for IPO through UPI or
net Banking ASBA (Applications Supported by Blocked Amounts). The bid amount
must be paid in Indian rupees and freely convertible foreign exchange for the
investment to be considered for allocation.
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Up to what limit can I apply for a public issue in UPI?
o As per SEBI regulations, retail investors can apply for public issues using UPI with a maximum bid amount of up to Rs. 2 lakhs per application. This applies to both regular retail individual investors and investors in the High Net worth Individual ...
How to Apply for an IPO in web based terminal ?
Click on your Client Code located on the right side. Under the IPO Section, select the preferred IPO you wish to apply for. Click on Apply to submit your application.
Can I apply for IPO using other person’s UPI ID?
No, you cannot apply for an IPO using someone else's UPI ID. IPO applications must be made using your own UPI ID and bank account. Using another person's UPI ID for IPO applications is not allowed and may lead to the rejection of the application.
What should I do if I encounter technical issues?
Check Internet Connection: Ensure you have a stable internet connection. Restart the App: Close and reopen the app. Update the App: Make sure you are using the latest version of the app.
Can a minor apply for an IPO?
Minors generally cannot directly participate in financial transactions such as IPO applications. However, a guardian or parent may invest on behalf of the minor using their own account or through specific investment instruments designed for minors, ...