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Invest in Indian IPOs
Easily with your NRE Funds
Your gateway to Indian IPOs - from anywhere in the world
Overview
Applying for Indian IPOs becomes easy and worry-free with IDFC FIRST Bank’s IPO through ASBA facility. Your money stays in your account until shares are allotted through a blocked account, so there’s no need to transfer funds upfront. Just place your IPO application online, track it effortlessly, and enjoy a secure, streamlined process from anywhere in the world. IPO through ASBA facility provides a simple, safe way for NRIs to invest in India’s growth stories with full control over their funds. Read more
What is ASBA?
If you’re exploring what is ASBA, it stands for Application Supported by Blocked Amount (ASBA). The ASBA process ensures NRIs can apply for IPO and in India’s primary market easily and in a secure manner. Your money simply stays in your NRI account with no need to pay upfront — it’s only debited if you get an allotment, so there’s no waiting for refunds. Even better the blocked amount keeps earing interest, and there are zero charges for applying. Read more
Key Benefits for NRIs
Apply with mobile app or net banking
Completely online, offering a seamless experience for NRIs who prefer convenience over paperwork or branch visits.
Available for NRE & NRO accounts
Whether your income sources are abroad or domestic, you can choose the account that suits your financial planning.
Earn interest on the blocked amount
With ASBA, your IPO application amount isn’t debited upfront. Instead, it simply gets blocked in your account and continues to earn interest until allotment.
Zero charges for ASBA application
You invest without paying any processing charges, making it a cost-effective way through which NRIs can apply for IPO
What is Initial Public Offering (IPO)
An Initial Public Offering (IPO) is the process through which a private company offers its shares to the public for the first time and becomes a publicly listed company on a stock exchange.
Eligibility for IPO through ASBA
To apply for an IPO through ASBA as an NRI, you only need a few key requirements. These ensure a smooth, compliant, and fully digital ASBA.
An NRE or NRO Bank Account with IDFC FIRST Bank
This is the account for maintaining your blocked amount during the IPO application. NRE or NRO bank accounts are fully eligible, depending on whether you want repatriable or non-repatriable investments.
Demat Account with a CDSL or NSDL depository participant
Your allotted shares will be directly credited to this demat account, making the investment process seamless and paper-free.
Updated PAN details
A valid PAN is mandatory for all IPO applicants. To avoid any delays in your application, ensure your PAN is correctly updated with your bank and linked to your Demat account, enabling smooth identity verification by the bank and registrar.
Features of IPO ASBA for NRIs
ASBA (Application Supported by Blocked Amount) makes IPO investing smoother and more convenient for NRIs, especially when managing investments from overseas. It removes payment hassles, adds transparency, and ensures your funds remain fully in your control throughout the process.
No upfront payment required
The IPO application blocked amount is not debited immediately. Instead, it simply stays blocked in your NRE or NRO bank account until shares are allotted under the ASBA application.
Access IPOs globally—invest anytime, anywhere
Wherever you are, ASBA allows you to apply for Indian IPOs through your bank’s digital channels. All you need is internet access -no physical forms or visits required.
Securities delivered to any of your demat accounts
To sell these shares, you must have an active trading account linked to the same demat account. You can place sell orders through your trading platform as per applicable FEMA and exchange regulations.
Secure and seamless experience for NRIs
IPO through ASBA ensures your money stays safe in your own bank account until allotment. The process is digital, transparent, and backed by your bank’s security framework, offering a smooth investing journey for NRIs across the world.
How to apply for ASBA
- Online Process
- Offline Process
Through Net Banking or Mobile App
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1
Log in to Net Banking or the Mobile App
Use your secure credentials to access your NRE or NRO bank account online.
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2
Navigate to: Accounts → All Investments
This section gives you a consolidated view of available investment options, including IPOs.
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3
Select ‘Invest into IPO_ASBA’
You will see a list of ongoing IPOs open for subscription.
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4
Choose the IPO you want to invest in
Select the IPO, review details, and enter your bid quantity and price (cut‑off or within the price band).
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5
Confirm and Submit
Your application amount will be blocked while continuing to earn interest, and you’ll receive an SMS/Email once your application is successfully submitted.
If you prefer submitting your ASBA form in person: Through Branch Visit
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1
Application Form
Download the Bid-cum-Application Form from the IPO pages of National Stock Exchange of India or BSE Limited.
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2
Add your information
Enter the required details such as PAN, DP ID, Client ID, bid quantity, and price.
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3
Visit Us
Submit the duly filled and signed form at your nearest IDFC FIRST Bank branch.
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4
Received confirmation
After application, your blocked amount will be untouched, and you can collect an acknowledgment slip.
FAQs on ASBA and IPO Investment for NRIs
Can NRIs apply for IPOs and public issues in India?
Yes. NRIs, PIOs, and OCIs can invest in Indian IPOs and public issues, subject to the issuing company accepting investments from NRI investors.
Are there any FEMA restrictions for NRIs investing in IPOs?
NRIs can invest on a repatriation or non-repatriation basis depending on account type (NRE/NRO). Ensure compliance with RBI and SEBI guidelines.
Can I invest in an IPO if I don’t have an IDFC FIRST Bank demat account?
Yes. NRIs can apply for IPOs using an NRE or NRO bank account even if they do not have an IDFC FIRST Bank demat account.