Who can apply for these IPOs?

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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.

• What IPOs are available for investment on Belong?

  You will be able to view the available IPOs right in the Belong app itself. Belong enables investment in USD-denominated IPOs listed in GIFT City (IFSC). Please review individual IPO details listed on the app before investing.

• Why are there so few IPOs available on the app?

  GIFT City is a new international financial centre, and the IPO ecosystem is still developing. As more companies choose to list here, the number of available IPOs is expected to grow. Stay tuned to the Belong app for the latest updates!

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

  No, you don't need a demat account to apply for the IPO. However, once the shares have been allotted, then you will need to open a demat account in GIFT City to receive the allotted shares. On successful allotment, Belong will facilitate the opening ...

• Why can’t I see my completed IPOs on the Allotted IPO page?

  This page displays your IPOs under two tabs: Applied and Completed. If you’re unable to see a past IPO, switch to the Completed tab to view applications that have either been allotted or were not allotted.