Do I need a demat account to apply for the IPO?

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• Will taxes apply to IPO gains?

  Capital gains from GIFT City IPOs are not taxable in India for eligible non-resident investors. Tax treatment may vary based on your country of tax residency. Resident Indians will have to pay tax in India as per income tax rules.

• Who can apply for these IPOs?

  Both NRIs and OCIs can apply for the IPOs listed on GIFT City exchanges.

• Can I directly transfer funds from my bank account and place a bid?

  No, you will not be able to directly transfer funds from your bank account and place the bid. You will first need to add funds to your Belong wallet by transferring money from your bank account. Once the funds are credited to your wallet, you can use ...

• Is bidding in an IPO through Belong secure?

  Yes. IPO bids placed through Belong are routed through regulated GIFT City exchanges. Investors are recommended to review the IPO details and conduct their own research before investing.

• Which currency will my IPO be invested in?

  All IPO investments in GIFT City are denominated and settled in USD only.