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
m.StockSEBI INZ000163138
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹10/order
- Cost to sell ₹15,000 of IPO shares
- ₹33.04Brokerage and DP with GST, ours
Where Bigul (Bonanza) and m.Stock differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Bigul (Bonanza) | m.Stock |
|---|---|---|
| One mainboard lot, ₹15,000₹2.36 less at m.Stock | ₹35.40 | ₹33.04 |
| Two SME lots, ₹2,50,000₹2.36 less at m.Stock | ₹35.40 | ₹33.04 |
| A year: 12 mainboard lots sold₹28.32 less at m.Stock | ₹424.80 | ₹396.48 |
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 m.Stock.
- Equity delivery brokerage: ₹18 per order at Bigul (Bonanza), ₹10 per order at m.Stock.
- DP charge on selling shares: ₹14.16 per scrip including depository charges and GST at Bigul (Bonanza), ₹18 plus GST per debit transaction at m.Stock.
- Mainboard IPOs: not stated at Bigul (Bonanza), Yes, with a two-click application at m.Stock.
The same at both: account opening and SME IPOs.
Bigul (Bonanza) vs m.Stock: charges side by side
Differs 5 of 7 charges differ between Bigul (Bonanza) and m.Stock. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Bigul (Bonanza) | m.Stock |
|---|---|---|
| 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, with a two-click application |
| 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 | ₹10 per order |
| DP charge on selling shares | ₹14.16 per scrip including depository charges and GST | ₹18 plus GST per debit transaction |
| Registration | ||
| SEBI registration | INZ000212137 | INZ000163138 |
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 m.Stock pages.
Bigul (Bonanza) and m.Stock 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.
m.Stock
Strengths
- ₹10 per order
- ₹0 AMC
- Free call and trade
Worth checking
- System square-off is costly
₹100 plus GST per order if m.Stock squares off your intraday position.
- DP charge
₹18 plus GST per sale.
Brokerage calculator: Bigul (Bonanza) vs m.Stock
| Charge | Bigul (Bonanza) | m.Stock |
|---|
Ours, with NSE rates. Change the trade to see what Bigul (Bonanza) and m.Stock would each charge.
Other comparisons
Every comparison with Bigul (Bonanza) or m.Stock, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Bigul (Bonanza) or m.Stock?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹33.04 in broker charges at m.Stock and ₹35.40 at Bigul (Bonanza) (our calculation). For two SME lots worth ₹2,50,000: Bigul (Bonanza) ₹35.40, m.Stock ₹33.04 (our calculation, brokerage and DP charge with GST).
How much would the difference between Bigul (Bonanza) and m.Stock be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, m.Stock costs ₹28.32 less in broker charges (our calculation). Add the yearly AMC: Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST; m.Stock: ₹0.
Can I apply for SME IPOs on Bigul (Bonanza) and m.Stock?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Bigul (Bonanza) and m.Stock?
Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST. m.Stock: ₹0.
What brokerage do Bigul (Bonanza) and m.Stock 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 ₹11.80 at m.Stock (our calculation from their published rates).