Can NRI Invest in IPOs in India ?

  • Hi There, Good Day
    I happened to browse your site. Thanks for valuable guidance & information on finance /investment matters.

    I am a NRI. Understand ICICI Securities is coming out with IPO. As an NRI can I apply for some shares ?

    Also please advise whom to contact for applying shares. Thanks for your assistance.

    Kind Regards

  • Hi,

    I think NRIs are not allowed to invest in Indian IPOs.You can check the respective companies offer document.

    There are a lot of restrictions on NRIs investing in India.Do confirm beforehand all the regulations.