IPO for NRI. Is it comes under HNI?

Stocks IPOs
1

Hi,

I was trying to apply for ms bestors IPO from my HDFC account, It showing Min 14 lots and amount is 201600. as an NRI is it comes under HNI category? i cant apply as retail category for just 15000?

2

If your bank supports UPI for NRE/NRO accounts, you can apply under Retail Category from Console. If your bank does not support UPI then you will have to apply using Netbanking ASBA. You can learn more here.

NRI’s can apply under Retail Category as well, maybe you should check with HDFC Bank.

1 Like
3

@ShubhS9 So how can i apply as HNI?

4

If you want to apply from the HNI category, you will have to make an application through Netbanking ASBA, the process for the same has been explained here.