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5paisa vs Rupeezy for IPO investors

5paisa vs Rupeezy for IPO investors: 6 of the 7 charges we compare differ. Rupeezy does not publish its DP charge, so the full cost of selling IPO shares cannot be compared. On brokerage alone, one mainboard lot (₹15,000) costs ₹5.90 less at Rupeezy (our calculation). 5paisa lets you apply for SME IPOs; Rupeezy does not say so on the pages we checked. All figures are from each broker's own website, read 23 Oct 2026.

By IPO24by7 Research. Updated .

5paisaSEBI INZ000010231

Account opening
₹0
Demat AMC
₹25/month + GST
SME IPOs
Yes
Delivery brokerage
₹20/order
Cost to sell ₹15,000 of IPO shares
₹38.94Brokerage and DP with GST, ours

RupeezySEBI INZ000187932

Account opening
₹0
Demat AMC
₹0
SME IPOs
Not stated
Delivery brokerage
0.1%
Cost to sell ₹15,000 of IPO shares
Not publishedBrokerage and DP with GST, ours

Where 5paisa and Rupeezy differ

6 of the 7 charges we compare differ for an IPO investor.

Cost to sell IPO shares (ours)5paisaRupeezy
One mainboard lot, ₹15,000Brokerage ₹5.90 less at Rupeezy; a DP charge is not published₹38.94₹17.70 brokerage; DP charge not published
Two SME lots, ₹2,50,000Brokerage ₹271.40 less at 5paisa; a DP charge is not published₹38.94₹295.00 brokerage; DP charge not published
A year: 12 mainboard lots soldBrokerage ₹70.80 less at Rupeezy; a DP charge is not published₹467.28₹212.40 brokerage; DP charge not published

Ours: brokerage and DP charge with 18% GST. STT and exchange charges are equal everywhere, so they are left out. SME bids are two lots.

  • Demat maintenance (AMC): ₹25 a month plus GST, as listed on the pricing page at 5paisa, Zero AMC for life for accounts opened after 15 Jun 2024 at Rupeezy.
  • Equity delivery brokerage: ₹20 per executed order at 5paisa, 0.1% on buy and sell at Rupeezy.
  • DP charge on selling shares: ₹15.34 per scrip per day at 5paisa, not stated at Rupeezy.
  • Mainboard IPOs: Yes, in the current IPO section at 5paisa, not stated at Rupeezy.
  • SME IPOs: Yes, SME IPOs are listed with an apply option at 5paisa, not stated at Rupeezy.

The same at both: account opening.

5paisa vs Rupeezy: charges side by side

Differs 6 of 7 charges differ between 5paisa and Rupeezy. Same charges are greyed. ₹0 free Not stated not on the broker's pages

Charge5paisaRupeezy
Open an account
Account opening₹0₹0
Demat maintenance (AMC)₹25 a month plus GST, as listed on the pricing pageZero AMC for life for accounts opened after 15 Jun 2024
Apply for IPOs
Mainboard IPOsYes, in the current IPO sectionNot stated on the pages we checked
SME IPOsYes, SME IPOs are listed with an apply optionNot stated on the pages we checked
Sell your IPO shares
Equity delivery brokerage₹20 per executed order0.1% on buy and sell
DP charge on selling shares₹15.34 per scrip per dayNot stated for market sales (₹25 for off-market transfers)
Registration
SEBI registrationINZ000010231INZ000187932

For other trading, equity intraday, Call and trade and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the 5paisa and Rupeezy pages.

5paisa and Rupeezy strengths and things worth checking

5paisa

Strengths

  • Cheaper dealer orders
  • ₹0 pledge
  • SME IPOs

Worth checking

  • Two pages, two headline prices

    The brokerage charges page shows ₹0 "for all trades" while the pricing page lists ₹20 per order. Confirm which applies before you open an account.

  • AMC

    ₹25 a month plus GST as listed.

  • Flat ₹20 on delivery

    Even small IPO share sales pay ₹20 brokerage.

More on 5paisa

Rupeezy

Strengths

  • Zero AMC
  • Lower MTF

Worth checking

  • Delivery has no cap

    0.1% on each side: ₹15 on a ₹15,000 sale, more on bigger ones.

  • DP charge on market sales not stated

    Check it before you sell IPO shares.

More on Rupeezy

Brokerage calculator: 5paisa vs Rupeezy

Charge5paisaRupeezy

Ours, with NSE rates. Change the trade to see what 5paisa and Rupeezy would each charge.

Other comparisons

Every comparison with 5paisa or Rupeezy, or pick any two brokers.

Frequently asked questions

Which is cheaper for selling IPO shares, 5paisa or Rupeezy?

Rupeezy does not publish its DP charge, so the full cost of selling IPO shares cannot be compared. On brokerage alone, one mainboard lot (₹15,000) costs ₹5.90 less at Rupeezy (our calculation). For two SME lots worth ₹2,50,000: 5paisa ₹38.94, Rupeezy ₹295.00 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).

How much would the difference between 5paisa and Rupeezy be over a year?

Not in full, because Rupeezy does not publish its DP charge. On brokerage alone, 12 mainboard lots of ₹15,000 cost ₹70.80 less at Rupeezy (our calculation).

Can I apply for SME IPOs on 5paisa and Rupeezy?

5paisa lets you apply for SME IPOs; Rupeezy does not say so on the pages we checked.

What is the demat AMC at 5paisa and Rupeezy?

5paisa: ₹25 a month plus GST, as listed on the pricing page. Rupeezy: Zero AMC for life for accounts opened after 15 Jun 2024.

What brokerage do 5paisa and Rupeezy charge when I sell IPO shares?

Selling allotted shares is a delivery trade. On a ₹15,000 sale the brokerage with GST is ₹23.60 at 5paisa and ₹17.70 at Rupeezy (our calculation from their published rates).