Which accounts are required for NRI IPO investment in India?

NRI needs either a NRE or NRO no-PIS bank account and NRI Demat and Trading account to subscribe to any public issue in India.

Whether an NRI has a 2-in-1 account or an integrated 3-in-1 account with NRI service offering stockbrokers in India, he/she can apply for an IPO using UPI or ASBA process.