---
title: "How can an NRI apply for IPOs and rights issues? - Support Arrow"
description: "You can apply for IPOs and rights issues as an NRI using either UPI or ASBA, depending on your bank account type."
category: arrow
subcategory: ipo
slug: how-can-an-nri-apply-for-ipos-and-rights-issues-support-irage
canonical: https://support.arrow.trade/arrow/ipo/how-can-an-nri-apply-for-ipos-and-rights-issues-support-irage/
---

# How can an NRI apply for IPOs and rights issues? - Support Arrow

> You can apply for IPOs and rights issues as an NRI using either UPI or ASBA, depending on your bank account type.

## Short answer

You can apply for IPOs and rights issues as an NRI using either UPI or ASBA, depending on your bank account type.

The process for applying for a rights issue is the same for NRIs and residents.

Once the IPO or rights issue is allotted, PIS account holders must create a ticket with the following:

Annexure: This table explains the annexure needed for NRE and NRO PIS accounts:

Bank statement showing the debit transaction for the IPO or rights issue.

These documents are submitted to the bank to update the PIS ledger to ensure there is no delay in the trade settlement.

## Things to keep in mind

You can apply for IPOs from either your NRE or NRO account, but not from both, since the same PAN links to both accounts.

If you hold an NRE demat account, you must apply for the IPO or rights issue only through your NRE bank account, not your NRO bank account.

## Related

- Browse more in [ipo](/arrow/ipo/)
- Open account: [kyc.arrow.trade](https://kyc.arrow.trade)
- Trade on Arrow: [app.arrow.trade](https://app.arrow.trade)
- Support: [support@arrow.trade](mailto:support@arrow.trade)

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Source: https://support.arrow.trade/arrow/ipo/how-can-an-nri-apply-for-ipos-and-rights-issues-support-irage/
Publisher: Arrow / iRage Broking Services LLP