How to invest in SME IPO under NII category?

Non-Institutional Investors (NIIs) are applicants who invest more than Rs 2 lakh in an IPO, therefore, they can invest in the SME IPO through their bank account supporting ASBA facility.

In this process, you can invest in SME IPO through your bank’s net banking portal by providing your demat account details. The allotted shares will be transferred into your Demat account with stockbroker.