Alice BlueSEBI INZ000156038
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 or 2.5%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹41.30Brokerage and DP with GST, ours
GeojitSEBI INZ000318938
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- 0.30%
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
Where Alice Blue and Geojit differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Alice Blue | Geojit |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹29.50 less at Alice Blue; a DP charge is not published | ₹41.30 | ₹53.10 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Brokerage ₹861.40 less at Alice Blue; a DP charge is not published | ₹41.30 | ₹885.00 brokerage; DP charge not published |
| A year: 12 mainboard lots soldBrokerage ₹354.00 less at Alice Blue; a DP charge is not published | ₹495.60 | ₹637.20 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): ₹0 for life on the current plan at Alice Blue, not stated at Geojit.
- Equity delivery brokerage: ₹20 or 2.5 per executed order, whichever is lower, as shown on the… at Alice Blue, 0.30% at Geojit.
- DP charge on selling shares: ₹15 plus GST per scrip, on sales only at Alice Blue, not stated at Geojit.
The same at both: account opening, Mainboard IPOs and SME IPOs.
Alice Blue vs Geojit: charges side by side
Differs 4 of 7 charges differ between Alice Blue and Geojit. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Alice Blue | Geojit |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | Nil |
| Demat maintenance (AMC) | ₹0 for life on the current plan | Not stated on the pages we checked |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, with ₹0 brokerage | Yes |
| SME IPOs | Not stated on the pages we checked | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 2.5 per executed order, whichever is lower, as shown on the pricing page | 0.30% |
| DP charge on selling shares | ₹15 plus GST per scrip, on sales only | Not stated on the pages we checked |
| Registration | ||
| SEBI registration | INZ000156038 | INZ000318938 |
For other trading, equity intraday and Futures differ too. Intraday, futures, call and trade and margin charges are on the Alice Blue and Geojit pages.
Alice Blue and Geojit strengths and things worth checking
Alice Blue
Strengths
- ₹0 AMC for life
- IPO applications free
Worth checking
- Brokerage on delivery
Up to ₹20 per order.
- DP charge
₹15 plus GST per sale.
Geojit
Strengths
- Full-service support
Worth checking
- Percentage brokerage on delivery
0.30% with no cap: ₹45 on a ₹15,000 sale.
- AMC and DP charge not on the pricing page
Check them before you open an account.
Brokerage calculator: Alice Blue vs Geojit
| Charge | Alice Blue | Geojit |
|---|
Ours, with NSE rates. Change the trade to see what Alice Blue and Geojit would each charge.
Other comparisons
Every comparison with Alice Blue or Geojit, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Alice Blue or Geojit?
Geojit 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 ₹29.50 less at Alice Blue (our calculation). For two SME lots worth ₹2,50,000: Alice Blue ₹41.30, Geojit ₹885.00 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between Alice Blue and Geojit be over a year?
Not in full, because Geojit does not publish its DP charge. On brokerage alone, 12 mainboard lots of ₹15,000 cost ₹354.00 less at Alice Blue (our calculation).
Can I apply for SME IPOs on Alice Blue and Geojit?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Alice Blue and Geojit?
Alice Blue: ₹0 for life on the current plan. Geojit: not stated.
What brokerage do Alice Blue and Geojit 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 Alice Blue and ₹53.10 at Geojit (our calculation from their published rates).