Listing & Profile
What’s the difference between the "Applied" & "Completed" tabs on the Applied IPO page?
The “Applied” tab shows IPOs that are still open or awaiting allotment. The “Completed” tab includes IPOs where the allotment process has been finalized, irrespective of share allotment.
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.
Will my money be deducted immediately?
Yes. The bid amount is deducted from your Belong wallet right when you place the bid. In the event that you do not receive an allotment, this would get refunded back to the Belong wallet.
How does the IPO application process work?
First & foremost, you need to complete your KYC verification on the app. Once this is done, we will activate your Belong wallet & you can add funds to this wallet (in USD). Once funds are loaded into the wallet, you can select the number of lots, ...
Who can apply for these IPOs?
Both NRIs and OCIs can apply for the IPOs listed on GIFT City exchanges.
Which currency will my IPO be invested in?
All IPO investments in GIFT City are denominated and settled in USD only.
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!
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.
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.