Bigul (Bonanza)SEBI INZ000212137
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹250/yr + GST
- SME IPOs
- Not stated
- Delivery brokerage
- ₹18/order
- Cost to sell ₹15,000 of IPO shares
- ₹35.40Brokerage and DP with GST, ours
FYERSSEBI INZ000008524
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 or 0.3%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹38.35Brokerage and DP with GST, ours
Where Bigul (Bonanza) and FYERS differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Bigul (Bonanza) | FYERS |
|---|---|---|
| One mainboard lot, ₹15,000₹2.95 less at Bigul (Bonanza) | ₹35.40 | ₹38.35 |
| Two SME lots, ₹2,50,000₹2.95 less at Bigul (Bonanza) | ₹35.40 | ₹38.35 |
| A year: 12 mainboard lots sold₹35.40 less at Bigul (Bonanza) | ₹424.80 | ₹460.20 |
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): Free in the first year, then ₹250 a year plus GST at Bigul (Bonanza), ₹0 for trading and demat accounts at FYERS.
- Equity delivery brokerage: ₹18 per order at Bigul (Bonanza), ₹20 or 0.3% per executed order, whichever is lower at FYERS.
- DP charge on selling shares: ₹14.16 per scrip including depository charges and GST at Bigul (Bonanza), ₹12.50 plus GST per scrip at FYERS.
- Mainboard IPOs: not stated at Bigul (Bonanza), Yes, on the FYERS web and mobile platforms, with ₹0 brokerage at FYERS.
- SME IPOs: not stated at Bigul (Bonanza), The help page lists applications by type at FYERS.
The same at both: account opening.
Bigul (Bonanza) vs FYERS: charges side by side
Differs 6 of 7 charges differ between Bigul (Bonanza) and FYERS. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Bigul (Bonanza) | FYERS |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | Free in the first year, then ₹250 a year plus GST; basic services demat accounts: ₹0 up to ₹4 lakh | ₹0 for trading and demat accounts |
| Apply for IPOs | ||
| Mainboard IPOs | Not stated on the pages we checked | Yes, on the FYERS web and mobile platforms, with ₹0 brokerage |
| SME IPOs | Not stated on the pages we checked | The help page lists applications by type (mainboard or SME) in the IPO section |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹18 per order | ₹20 or 0.3% per executed order, whichever is lower (Prime: ₹15 or 0.3%) |
| DP charge on selling shares | ₹14.16 per scrip including depository charges and GST | ₹12.50 plus GST per scrip (ISIN) |
| Registration | ||
| SEBI registration | INZ000212137 | INZ000008524 |
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 Bigul (Bonanza) and FYERS pages.
Bigul (Bonanza) and FYERS strengths and things worth checking
Bigul (Bonanza)
Strengths
- Flat ₹18
- DP charge with GST shown
Worth checking
- Pledge charge
₹118 per ISIN per request.
- IPO access not stated
The pricing page does not mention IPOs.
FYERS
Strengths
- ₹0 AMC and account opening
- IPO applications free
- Low DP charge
Worth checking
- Brokerage on delivery
Up to ₹20 per order (₹15 on Prime).
- MTF on small amounts
16.49% a year on funding up to ₹1 lakh.
Brokerage calculator: Bigul (Bonanza) vs FYERS
| Charge | Bigul (Bonanza) | FYERS |
|---|
Ours, with NSE rates. Change the trade to see what Bigul (Bonanza) and FYERS would each charge.
Other comparisons
Every comparison with Bigul (Bonanza) or FYERS, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Bigul (Bonanza) or FYERS?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹35.40 in broker charges at Bigul (Bonanza) and ₹38.35 at FYERS (our calculation). For two SME lots worth ₹2,50,000: Bigul (Bonanza) ₹35.40, FYERS ₹38.35 (our calculation, brokerage and DP charge with GST).
How much would the difference between Bigul (Bonanza) and FYERS be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Bigul (Bonanza) costs ₹35.40 less in broker charges (our calculation). Add the yearly AMC: Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST; FYERS: ₹0 for trading and demat accounts.
Can I apply for SME IPOs on Bigul (Bonanza) and FYERS?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Bigul (Bonanza) and FYERS?
Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST. FYERS: ₹0 for trading and demat accounts.
What brokerage do Bigul (Bonanza) and FYERS charge when I sell IPO shares?
Selling allotted shares is a delivery trade. On a ₹15,000 sale the brokerage with GST is ₹21.24 at Bigul (Bonanza) and ₹23.60 at FYERS (our calculation from their published rates).