Yes, NRIs can generally apply for Indian IPOs. The real questions are which account to use, what happens when you sell, and how tax works in two countries. Here's the plain-English version.
Indian investors can now reach the same kind of global stocks through two very different wrappers. The holdings may overlap. The rules, costs, tax and paperwork do not.
Allotment is done, you didn't get shares, but your money still looks stuck. Before you worry, run through this checklist. Most cases are resolved at the first or second step.
You applied, approved the mandate, waited — and the registrar says "not allotted". That's normal. Here's why most retail applicants in a popular IPO get no shares, and how to rule out a technical problem.
"Stay invested for ten years and equities can't lose money." It is one of the most repeated lines in Indian investing. Rolling return data published this month suggests it needs an asterisk.
When you apply for an IPO, your money doesn't leave your bank account straight away. It gets blocked, and what happens next depends on the allotment. Here is the full journey, step by step.
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