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
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 Alice Blue and Rupeezy differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Alice Blue | Rupeezy |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹5.90 less at Rupeezy; a DP charge is not published | ₹41.30 | ₹17.70 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Brokerage ₹271.40 less at Alice Blue; a DP charge is not published | ₹41.30 | ₹295.00 brokerage; DP charge not published |
| A year: 12 mainboard lots soldBrokerage ₹70.80 less at Rupeezy; a DP charge is not published | ₹495.60 | ₹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): ₹0 for life on the current plan at Alice Blue, Zero AMC for life for accounts opened after 15 Jun 2024 at Rupeezy.
- Equity delivery brokerage: ₹20 or 2.5 per executed order, whichever is lower, as shown on the… at Alice Blue, 0.1% on buy and sell at Rupeezy.
- DP charge on selling shares: ₹15 plus GST per scrip, on sales only at Alice Blue, not stated at Rupeezy.
- Mainboard IPOs: Yes, with ₹0 brokerage at Alice Blue, not stated at Rupeezy.
The same at both: account opening and SME IPOs.
Alice Blue vs Rupeezy: charges side by side
Differs 5 of 7 charges differ between Alice Blue and Rupeezy. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Alice Blue | Rupeezy |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹0 for life on the current plan | Zero AMC for life for accounts opened after 15 Jun 2024 |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, with ₹0 brokerage | Not stated on the pages we checked |
| 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 | 0.1% on buy and sell |
| DP charge on selling shares | ₹15 plus GST per scrip, on sales only | Not stated for market sales (₹25 for off-market transfers) |
| Registration | ||
| SEBI registration | INZ000156038 | INZ000187932 |
For other trading, equity intraday, Futures, Call and trade and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the Alice Blue and Rupeezy pages.
Alice Blue and Rupeezy 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.
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.
Brokerage calculator: Alice Blue vs Rupeezy
| Charge | Alice Blue | Rupeezy |
|---|
Ours, with NSE rates. Change the trade to see what Alice Blue and Rupeezy would each charge.
Other comparisons
Every comparison with Alice Blue or Rupeezy, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Alice Blue 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: Alice Blue ₹41.30, Rupeezy ₹295.00 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between Alice Blue 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 Alice Blue and Rupeezy?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Alice Blue and Rupeezy?
Alice Blue: ₹0 for life on the current plan. Rupeezy: Zero AMC for life for accounts opened after 15 Jun 2024.
What brokerage do Alice Blue 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 Alice Blue and ₹17.70 at Rupeezy (our calculation from their published rates).