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
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 Bigul (Bonanza) and Geojit differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Bigul (Bonanza) | Geojit |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹31.86 less at Bigul (Bonanza); a DP charge is not published | ₹35.40 | ₹53.10 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Brokerage ₹863.76 less at Bigul (Bonanza); a DP charge is not published | ₹35.40 | ₹885.00 brokerage; DP charge not published |
| A year: 12 mainboard lots soldBrokerage ₹382.32 less at Bigul (Bonanza); a DP charge is not published | ₹424.80 | ₹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): Free in the first year, then ₹250 a year plus GST at Bigul (Bonanza), not stated at Geojit.
- Equity delivery brokerage: ₹18 per order at Bigul (Bonanza), 0.30% at Geojit.
- DP charge on selling shares: ₹14.16 per scrip including depository charges and GST at Bigul (Bonanza), not stated at Geojit.
- Mainboard IPOs: not stated at Bigul (Bonanza), Yes at Geojit.
The same at both: account opening and SME IPOs.
Bigul (Bonanza) vs Geojit: charges side by side
Differs 5 of 7 charges differ between Bigul (Bonanza) and Geojit. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Bigul (Bonanza) | Geojit |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | Nil |
| Demat maintenance (AMC) | Free in the first year, then ₹250 a year plus GST; basic services demat accounts: ₹0 up to ₹4 lakh | Not stated on the pages we checked |
| Apply for IPOs | ||
| Mainboard IPOs | Not stated on the pages we checked | Yes |
| SME IPOs | Not stated on the pages we checked | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹18 per order | 0.30% |
| DP charge on selling shares | ₹14.16 per scrip including depository charges and GST | Not stated on the pages we checked |
| Registration | ||
| SEBI registration | INZ000212137 | INZ000318938 |
For other trading, equity intraday and Futures differ too. Intraday, futures, call and trade and margin charges are on the Bigul (Bonanza) and Geojit pages.
Bigul (Bonanza) and Geojit 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.
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: Bigul (Bonanza) vs Geojit
| Charge | Bigul (Bonanza) | Geojit |
|---|
Ours, with NSE rates. Change the trade to see what Bigul (Bonanza) and Geojit would each charge.
Other comparisons
Every comparison with Bigul (Bonanza) or Geojit, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Bigul (Bonanza) 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 ₹31.86 less at Bigul (Bonanza) (our calculation). For two SME lots worth ₹2,50,000: Bigul (Bonanza) ₹35.40, Geojit ₹885.00 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between Bigul (Bonanza) 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 ₹382.32 less at Bigul (Bonanza) (our calculation).
Can I apply for SME IPOs on Bigul (Bonanza) and Geojit?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Bigul (Bonanza) and Geojit?
Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST. Geojit: not stated.
What brokerage do Bigul (Bonanza) 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 ₹21.24 at Bigul (Bonanza) and ₹53.10 at Geojit (our calculation from their published rates).