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NRI

IPO Investment for NRIs in India

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What is an Initial public offering (IPO) ?

An initial public offering (IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance. An IPO allows a company to raise capital from public investors. During the IPO trading, a fraction of shares are reserved for different type of investors including individual investors, Qualified Institutional Buyers and High Net worth Individuals. The IPO is either a Fixed Price Issue or Book Built Issue. NRIs can invest in IPO through NRE/NRO NON PINS Account. IPO applications are disabled for NRIs in USA and Canada.

IPO-for-NRIs

Upcoming / Recent IPO

JSW Cement IPO
  • The fastest growing cement manufacturing company in India
  • JSW Cement is a part of the JSW Group, a multinational conglomerate
  • As per the DRHP, the offer consists of fresh issue of 2000 Cr. and Offer for sale aggregating up to 2000 Cr
Waaree Energies IPO
  • The largest manufacturer of solar PV modules in India
  • Had the second-best operating income among all the domestic solar PV module manufacturers in India for FY24
  • As per the RHP, the offer consists of fresh issue of size up to 3,600 Cr and offer for sale aggregating up to 48 Lakh equity shares
Hyundai Motor India Ltd IPO
  • The second largest auto OEM in the Indian passenger vehicles market
  • They have portfolio of 13 models across multiple passenger vehicle segments
  • As per the DRHP, the offer consists of offer for sale aggregating up to 14 crore equity shares
Swiggy IPO
  • Successfully pioneered the industry in India, launching Food Delivery in 2014 and Quick Commerce in 2020
  • Has a unified app - to browse, select, order and pay for food (“Food Delivery”), grocery and household items(“Instamart”) 
  • As per the DRHP, the offer consists of fresh offer of size upto 3750 Cr and offer for sale aggregating up to 18 crore equity shares
Ather Energy IPO
  • A pioneer in the Indian electric two-wheeler (“E2W”) market
  • Third largest player by volume of E2W sales in FY24
  • As per the DRHP, the offer consists of fresh issue of 3100 Cr. and Offer for sale aggregating up to 2.2 Cr equity shares
Hero Fincorp IPO
  • A scaled NBFC offering a diversified suite of financial products such as retail, MSME and CIF loans
  • Operates under the recognised and long-standing “Hero” brand
  • As per the DRHP, the offer consists of fresh issue of up to 2,100 Cr and offer for sale of up to 1,568 Cr
NTPC Green Energy IPO
  • The largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity
  • A wholly owned subsidiary of NTPC Limited
  • As per the DRHP, the offer consists of fresh issue of up to 10,000 Crores
Afcons Infrastructure IPO
  • The flagship infrastructure engineering & construction company of the Shapoorji Pallonji group, a diversified Indian conglomerate
  • A strong track record of executing numerous EPC projects both within India and internationally.
  • As per the DRHP, the offer consists of fresh issue of up to 1250 Cr. and offer for sale of size up to 5750 Cr.

Current IPOs For NRI

Company Name Open Date Close Date Price
Band (₹)
Issue
Price (₹)
Action

LIST OF UPCOMING IPOs For NRIs

IPO Name Issue size
(in cr.)
Price
Band (₹)
Open Date Close Date
Afcons Infrastructure Ltd 5430 440-463 Oct 25, 2024 Oct 29, 2024

TOP PERFORMING IPOS for NRIs

Company Name Issue Price (₹) List Date LTP (₹) CHG (%)

LIST OF CLOSED IPOS For NRIs

IPO Name Close Date Issue
Price (₹)
Issue size
(in cr.)
Lot size

DELISTED

Name From Date

BUYBACKS

Name Start Date End Date MaxBuyback Price

RIGHTS

Name From Date Premium

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ICICI Securities Limited- AMFI registered Mutual Fund Distributor. Registered office of I-Sec is at ICICI Securities Ltd. (I-Sec) - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel: (91 22) 6807 7100, Fax: (91 22) 6807 7803. I-Sec is also a SEBI registered with SEBI as a Research Analyst vide registration no. INH000000990. AMFI Registration No.: ARN-0845. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully. Please note, Mutual Fund related services are not Exchange traded products and I-Sec is just acting as distributor to solicit these products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon.