Best Brokers for IPO investment-2019

Last updated on 6th Nov 2019
by Team Top Share Brokers

(4.5/5)
Best Brokers for IPO Investment

There are lots of investors who only want to invest in an IPOs as a safe investment and want to take the listing gain. Such investors need demat and trading account with a brokerage house.

Usually asked questions in this category are:

  • I am an IPO investor, which broker is the best suit for me?
  • I am new in the stock market and want to apply only in IPOs, which is the best broker to me?
  • Which is the best broker for IPO investment?
  • List top 5 brokers for IPO investment.

In this article, we are assuming you as an investor who invests in 20 IPOs per year and try to find out the "top 5 brokers for your IPO Investment".


Zerodha

Rated-4.5/5 Overall

Zerodha Best Brokers for IPO investment

With Zerodha for the first year you need to pay Rs 600 and after that Rs 300 PA. With reference to our 20 IPO per years calculation, for the first year per IPO expense is 30 + 13.5 =43.5 (Approx) and second-year onward its 15+13.5 =28.5 Rs (Approx).You can apply in online IPO with Zerodha using UPI.

  • Trading account opening charges: Rs 200
  • Trading Account AMC: Rs 0
  • Demat account opening charges: Rs 100
  • Demat Account AMC: Rs 300
  • Demat transaction charge per ISIN –Sell(Debit) – Rs 8 + Rs 5.5 + GST
  • Brokerage for your IPO holding Sell – Rs 0
  • Call and Trade – Rs 20 Per Executed Order

Special Offer:Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges.

Upstox

Rated-4.5/5 Overall

Upstox Best Brokers for IPO investment

With Upstox(RKSV) for the first year you need to pay Rs 600 and after that Rs 300 PA. With reference to our 20 IPO per years calculation, for the first-year per IPO expense is 30 + 13.5 =43.5 (Approx) and second-year onward its 15+13.5 =28.5 Rs (Approx).You can apply in online IPO with Upstox using UPI.

  • Trading account opening charges: Rs 150
  • Trading Account AMC: Rs 0
  • Demat account opening charges: Rs 150
  • Demat Account AMC: Rs 300 PA
  • Demat transaction charge per ISIN –Sell(Debit) – Rs 8 + Rs 5.5 + GST
  • Brokerage for your IPO holding Sell – Rs 0
  • Call and Trade – Rs 20 Per Executed Order

Special Offer:100% refundable account opening fee as brokerage cashback, Zero charges for equity delivery trades, Flat Rs 20 for equity intraday, F&O, currency and commodities trades.

5paisa

Rated-4/5 Overall

5paisa Best Brokers for IPO investment

With 5paisa for the first year you need to pay Rs 650 and after that Rs 400 PA. With reference to our 20 IPO per years calculation, for first-year per IPO expense is 32.5 + 25 + 10 =67.5 (Approx) and second-year onward its 20+25 + 10=55 Rs (Approx).Online IPO with UPI option is available with 5paisa.

  • Trading account opening charges: Rs 650
  • Trading Account AMC: Rs 0
  • Demat account opening charges: Rs 0
  • Demat Account AMC: Rs 400 PA
  • Demat transaction charge per ISIN –Sell(Debit) – Rs 25 + GST
  • Brokerage for your IPO holding Sell – Rs 10
  • Call and Trade – Rs 100 Per Call

Special Offer:Free Account Opening, Save Rs 650 on your account opening. This is a limited time promotional offer.

ProStocks

Rated-4/5 Overall

ProStocks Best Brokers for IPO investment

Prostocks don’t have trading and demat account opening charges. A broker is taking Rs 1000 refundable deposit for the demat account, so you don’t have to pay any AMC with Prostocks. With reference to our 20 IPO, per IPO expense is  0 + 13.5 + 15 =28.5 Rs.

  • Trading account opening charges: Rs 0
  • Trading Account AMC: Rs 0
  • Demat account opening charges: Rs 0
  • Demat Account AMC : Rs 0 PA
  • Demat transaction charge per ISIN –Sell(Debit) – Rs 8 + Rs 5.5 + GST
  • Brokerage for your IPO holding Sell – Rs 15
  • Call and Trade – Rs 10 Per Executed Order

Special Offer:ProStocks offer FREE Trading + Demat Account (NO AMC). You can trade unlimited in equity segment for Rs 899/month or choose Rs 15 per trade plan. Thereby saving up to 90% on brokerage. ProStocks also offer Rs 0 Demat AMC with one time Rs 1000 refundable deposit.

Fyers

Rated-4/5 Overall

Fyers Best Brokers for IPO investment

With Fyers you need to pay demat AMC of Rs 400 PA. With reference to our 20 IPO per years calculation, per IPO expense is 20 + 25.5 =45.5 (Approx).UPI Integrated online IPO application is available with Fyers Backoffice.

  • Trading account opening charges: Rs 0
  • Trading Account AMC: Rs 0
  • Demat account opening charges: Rs 0
  • Demat Account AMC: Rs 400 PA
  • Demat transaction charge per ISIN –Sell(Debit) – Rs 20 + Rs 5.5 + GST
  • Brokerage for your IPO holding Sell – Rs 0
  • Call and Trade – Rs 20 Per Executed Order

Special Offer:Get FREE Trading for Limited Time + FREE Equity Delivery Trades (No Brokerage) + Rs 20 Max Trade in all other segments.

SAMCO

Rated-4/5 Overall

SAMCO Best Brokers for IPO investment

With Samco, you can open your trading and demat account for free, you just need to pay Rs 400 for demat AMC PA. With reference to our 20 IPO per years calculation, per IPO expense is 20 + 10 + 20 =50 Rs (Approx).

  • Trading account opening charges: Rs 0
  • Trading Account AMC: Rs 0
  • Demat account opening charges: Rs 0
  • Demat Account AMC: Rs 400 PA
  • Demat transaction charge per ISIN –Sell(Debit) – Rs 10 + GST
  • Brokerage for your IPO holding Sell – Rs 20
  • Call and Trade – Rs 20 Per Executed Order

Special Offer:100% Brokerage Cash Back for 1st Month for trades using Stocknote Mobile App + Free Trading and Demat Account Opening.

On the conclusion note, if you are only IPO investor, opening an account with a discount broker is worth. Zerodha and Upstox are two discount brokers who are charging demat AMC but giving you free delivery trade coming up approx 30 Rs per IPO expense, where ProStocks is not charging any demat AMC also coming approx Rs 30 per IPO expense. SAMCO is charging demat AMC and equity delivery brokerage, coming approx Rs 50 per IPO expense. 5paisa and Fyers both are charging demat AMC and higher demat transaction charge per ISIN to go above Rs 50 per IPO expense.

Here we have covered complete comparison point by point, which will help you to choose the best broker for your IPO Investment need.

FAQs

  1. How to start investing in IPO?

    To Invest in IPO, you need Trading and Demat account with a broker, bank account with Net Banking (For ASBA Application). Now you can apply online IPO application with UPI also.

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  2. Can I open 3-in-1 account with any bank and start investing in IPO's?

    Yes, you can do this, you can open a 3-in-1 account (which is Bank Account + Trading Account + Demat Account) with ICICI Bank (ICICI Direct), HDFC Bank (HDFC Securities), SBI Bank (SBI Securities), Axis Bank (Axis Direct) and so on.

    With Banks listed above, you can get direct access to apply in IPO on a single click. You don't have to submit an application via ASBA. These banks are part of Self Certified Syndicate Banks. They are providing you a platform where in single click you can apply in an IPO.

    Advantage: This process is quick and easy. You don't have to log in to your bank portal for ASBA.

    Disadvantage: Charges are very high compared to other brokers. Usually, retail investor applies or get one application which will be around 14 to 20K price range, selling an IPO script with such banks/brokers will take your good amount of profit. ICICI Direct, HDFC Securities, Axis Direct, SBI Securities charge approx 0.5% brokerage on selling of these scripts in equity delivery trading.

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  3. What are the other alternatives for applying in IPO other than 3-in-1 account?

    If you don't want to open a 3-in-1 trading account and don't want to pay heavy brokerage, the second option for you is to open a 2-in-1 account, with any discount broker. When you open 2-in-1 account you will get trading and demat account. Now using this demat account number, you can apply in any open IPO.

    Some banks like SBI, Axis will allow you to register your demat account details one time and allow you to use it for any future application. You can add up to 5 demat account information with these banks. Where banks like ICICI, HDFC will not allow you to save your demat information and each time you apply for IPO, you need to manually enter your demat information.

    Note: You can apply through any number of applications, providing each application should be unique with different PAN numbers.

    Advantage: while selling your allocated equity shares, you need to pay very minimum brokerage. Some discount brokers are providing free delivery trading. In such case, you will sell your script without any brokerage.

    Disadvantage: You need to apply your application via ASBA process.

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  4. How Demat or Trading AMC affect my IPO investment?

    When you are only an IPO investor, AMC charges will affect your IPO investment cost. If you apply in 10 to 30 IPOs in a year, then you need to consider Trading and Demat AMC. Maximum brokers are providing free trading account, but demat AMC can increase your expense for IPO investment. Assume you need to pay Rs 400 as Demat AMC per year and if you have applied in 20 IPOs, in such case, your each IPO investment get 20 Rs extra cost.

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