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
JainamSEBI INZ000198735
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 (DIY) or 0.4%
- Cost to sell ₹15,000 of IPO shares
- ₹44.84Brokerage and DP with GST, ours
Where Bigul (Bonanza) and Jainam differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Bigul (Bonanza) | Jainam |
|---|---|---|
| One mainboard lot, ₹15,000₹9.44 less at Bigul (Bonanza) | ₹35.40 | ₹44.84 |
| Two SME lots, ₹2,50,000₹9.44 less at Bigul (Bonanza) | ₹35.40 | ₹44.84 |
| A year: 12 mainboard lots sold₹113.28 less at Bigul (Bonanza) | ₹424.80 | ₹538.08 |
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 Jainam.
- Equity delivery brokerage: ₹18 per order at Bigul (Bonanza), DIY: ₹20 per order at Jainam.
- DP charge on selling shares: ₹14.16 per scrip including depository charges and GST at Bigul (Bonanza), DIY: ₹18 per scrip at Jainam.
The same at both: account opening, Mainboard IPOs and SME IPOs.
Bigul (Bonanza) vs Jainam: charges side by side
Differs 4 of 7 charges differ between Bigul (Bonanza) and Jainam. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Bigul (Bonanza) | Jainam |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 online |
| 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 | 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 | ₹18 per order | DIY: ₹20 per order; Premium: 0.4% |
| DP charge on selling shares | ₹14.16 per scrip including depository charges and GST | DIY: ₹18 per scrip; Premium: ₹25 per request plus GST |
| Registration | ||
| SEBI registration | INZ000212137 | INZ000198735 |
For other trading, equity intraday, Futures and Call and trade differ too. Intraday, futures, call and trade and margin charges are on the Bigul (Bonanza) and Jainam pages.
Bigul (Bonanza) and Jainam 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.
Jainam
Strengths
- Two plans
Worth checking
- Premium delivery is 0.4%
₹60 on a ₹15,000 sale on the Premium plan. Our calculator uses the DIY plan.
- DIY dealer orders cost ₹70
Plus ₹20 brokerage and GST.
Brokerage calculator: Bigul (Bonanza) vs Jainam
| Charge | Bigul (Bonanza) | Jainam |
|---|
Ours, with NSE rates. Change the trade to see what Bigul (Bonanza) and Jainam would each charge.
Other comparisons
Every comparison with Bigul (Bonanza) or Jainam, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Bigul (Bonanza) or Jainam?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹35.40 in broker charges at Bigul (Bonanza) and ₹44.84 at Jainam (our calculation). For two SME lots worth ₹2,50,000: Bigul (Bonanza) ₹35.40, Jainam ₹44.84 (our calculation, brokerage and DP charge with GST).
How much would the difference between Bigul (Bonanza) and Jainam be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Bigul (Bonanza) costs ₹113.28 less in broker charges (our calculation). Add the yearly AMC: Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST; Jainam: not stated.
Can I apply for SME IPOs on Bigul (Bonanza) and Jainam?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Bigul (Bonanza) and Jainam?
Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST. Jainam: not stated.
What brokerage do Bigul (Bonanza) and Jainam 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 Jainam (our calculation from their published rates).