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Compare brokers for IPO investors

Pick any two of 28 brokers to see their charges for IPO investors side by side, from each broker's own published charges. The list is alphabetical, not a ranking.

Updated .

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Popular comparisons

Pairs among the five largest brokers by active clients on NSE (September 2026).

Most searched comparisons

Pairs that people search Google for most, from our Search Console data. Not a ranking.

Every comparison, by broker

5paisa
Alice Blue
Angel One
Bajaj Broking
Bigul (Bonanza)
Choice
Dhan
FYERS
Geojit
Groww
HDFC Securities (HDFC Sky)
ICICI Direct
IIFL Capital
Indiabulls Securities
INDmoney
Jainam
Kotak Securities (Kotak Neo)
m.Stock
Mirae Asset Sharekhan
PhonePe Invest (Share.Market)
ProStocks
Rupeezy
Sahi
SAMCO
Stoxkart
Tradejini
Upstox
Zerodha

All brokers and charges in one table

Frequently asked questions

How are these broker comparisons made?

Each comparison puts two brokers' own published charges side by side: account opening, yearly AMC, delivery brokerage, DP charge and the cost to sell IPO shares, which is our calculation. We do not rank brokers.

Which brokers are in the popular comparisons?

Pairs among the five largest brokers by active clients on NSE (September 2026). Size is not a recommendation; compare the charges that matter to you.

Can I apply for an IPO without a broker?

You need a demat account, but you can place the bid through ASBA in your bank's net banking instead of a broker app.