Can NRIs apply for an SME IPO?

Yes. Non-Resident Indians (NRIs) are eligible to apply for shares in an SME IPO, subject to RBI, SEBI, and exchange guidelines.

• NRIs can apply as Individual Investors (minimum 2 lots) or as Non-Institutional Investors (NIIs) if they apply for 3 lots or more.
• Applications must be made using ASBA (Application Supported by Blocked Amount) through NRE or NRO accounts, depending on repatriation status.

Investors should always check the Red Herring Prospectus (RHP) or offer document for specific eligibility conditions, as some SME IPOs may restrict NRI participation.