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
GrowwSEBI INZ000301838
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Yes
- Delivery brokerage
- ₹20 or 0.1%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹41.30Brokerage and DP with GST, ours
Where Bigul (Bonanza) and Groww differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Bigul (Bonanza) | Groww |
|---|---|---|
| One mainboard lot, ₹15,000₹5.90 less at Bigul (Bonanza) | ₹35.40 | ₹41.30 |
| Two SME lots, ₹2,50,000₹11.80 less at Bigul (Bonanza) | ₹35.40 | ₹47.20 |
| A year: 12 mainboard lots sold₹70.80 less at Bigul (Bonanza) | ₹424.80 | ₹495.60 |
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 at Groww.
- Equity delivery brokerage: ₹18 per order at Bigul (Bonanza), ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 at Groww.
- DP charge on selling shares: ₹14.16 per scrip including depository charges and GST at Bigul (Bonanza), ₹3.50 depository at Groww.
- Mainboard IPOs: not stated at Bigul (Bonanza), Yes, in the Stocks tab of the app with a UPI mandate. The mandate… at Groww.
- SME IPOs: not stated at Bigul (Bonanza), Yes, SME IPOs can be applied for on Groww at Groww.
The same at both: account opening.
Bigul (Bonanza) vs Groww: charges side by side
Differs 6 of 7 charges differ between Bigul (Bonanza) and Groww. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Bigul (Bonanza) | Groww |
|---|---|---|
| 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 |
| Apply for IPOs | ||
| Mainboard IPOs | Not stated on the pages we checked | Yes, in the Stocks tab of the app with a UPI mandate. The mandate request arrives within an hour or two |
| SME IPOs | Not stated on the pages we checked | Yes, SME IPOs can be applied for on Groww |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹18 per order | ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 |
| DP charge on selling shares | ₹14.16 per scrip including depository charges and GST | ₹3.50 depository (₹3.25 for women) plus ₹16.50 Groww per sell, plus GST; ₹0 when the debit value is under ₹100 |
| Registration | ||
| SEBI registration | INZ000212137 | INZ000301838 |
For other trading, equity intraday, Futures and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the Bigul (Bonanza) and Groww pages.
Bigul (Bonanza) and Groww 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.
Groww
Strengths
- ₹0 AMC
- ₹0 account opening
- SME IPOs in the app
Worth checking
- Brokerage on delivery
Up to ₹20 per order (0.1%, minimum ₹5) when you sell IPO shares.
- DP charge on sale
₹20 plus GST each time you sell a stock from your demat account.
Brokerage calculator: Bigul (Bonanza) vs Groww
| Charge | Bigul (Bonanza) | Groww |
|---|
Ours, with NSE rates. Change the trade to see what Bigul (Bonanza) and Groww would each charge.
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Frequently asked questions
Which is cheaper for selling IPO shares, Bigul (Bonanza) or Groww?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹35.40 in broker charges at Bigul (Bonanza) and ₹41.30 at Groww (our calculation). For two SME lots worth ₹2,50,000: Bigul (Bonanza) ₹35.40, Groww ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between Bigul (Bonanza) and Groww be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Bigul (Bonanza) costs ₹70.80 less in broker charges (our calculation). Add the yearly AMC: Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST; Groww: ₹0.
Can I apply for SME IPOs on Bigul (Bonanza) and Groww?
Groww lets you apply for SME IPOs; Bigul (Bonanza) does not say so on the pages we checked.
What is the demat AMC at Bigul (Bonanza) and Groww?
Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST. Groww: ₹0.
What brokerage do Bigul (Bonanza) and Groww 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 ₹17.70 at Groww (our calculation from their published rates).