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
ProStocksSEBI INZ000048660
- Account opening
- ₹0
- Demat AMC
- ₹0 (₹1,000 deposit)
- SME IPOs
- Not stated
- Delivery brokerage
- ₹0
- Cost to sell ₹15,000 of IPO shares
- ₹23.60Brokerage and DP with GST, ours
Where Bigul (Bonanza) and ProStocks differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Bigul (Bonanza) | ProStocks |
|---|---|---|
| One mainboard lot, ₹15,000₹11.80 less at ProStocks | ₹35.40 | ₹23.60 |
| Two SME lots, ₹2,50,000₹11.80 less at ProStocks | ₹35.40 | ₹23.60 |
| A year: 12 mainboard lots sold₹141.60 less at ProStocks | ₹424.80 | ₹283.20 |
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.
- Account opening: ₹0 at Bigul (Bonanza), No fee listed at ProStocks.
- Demat maintenance (AMC): Free in the first year, then ₹250 a year plus GST at Bigul (Bonanza), None at ProStocks.
- Equity delivery brokerage: ₹18 per order at Bigul (Bonanza), ₹0 at ProStocks.
- DP charge on selling shares: ₹14.16 per scrip including depository charges and GST at Bigul (Bonanza), ₹20 per scrip plus 18% GST at ProStocks.
The same at both: mainboard IPOs and SME IPOs.
Bigul (Bonanza) vs ProStocks: charges side by side
Differs 5 of 7 charges differ between Bigul (Bonanza) and ProStocks. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Bigul (Bonanza) | ProStocks |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | No fee listed (online application) |
| Demat maintenance (AMC) | Free in the first year, then ₹250 a year plus GST; basic services demat accounts: ₹0 up to ₹4 lakh | None; ₹1,000 refundable demat deposit |
| 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 | ₹0 (flat fee plan) |
| DP charge on selling shares | ₹14.16 per scrip including depository charges and GST | ₹20 per scrip plus 18% GST |
| Registration | ||
| SEBI registration | INZ000212137 | INZ000048660 |
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 ProStocks pages.
Bigul (Bonanza) and ProStocks 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.
ProStocks
Strengths
- ₹0 delivery brokerage
- No AMC
- Cheap dealer orders
Worth checking
- Refundable deposit
₹1,000 demat deposit.
- IPO access not stated
The pricing page does not mention IPO applications.
Brokerage calculator: Bigul (Bonanza) vs ProStocks
| Charge | Bigul (Bonanza) | ProStocks |
|---|
Ours, with NSE rates. Change the trade to see what Bigul (Bonanza) and ProStocks would each charge.
Other comparisons
Every comparison with Bigul (Bonanza) or ProStocks, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Bigul (Bonanza) or ProStocks?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹23.60 in broker charges at ProStocks and ₹35.40 at Bigul (Bonanza) (our calculation). For two SME lots worth ₹2,50,000: Bigul (Bonanza) ₹35.40, ProStocks ₹23.60 (our calculation, brokerage and DP charge with GST).
How much would the difference between Bigul (Bonanza) and ProStocks be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, ProStocks costs ₹141.60 less in broker charges (our calculation). Add the yearly AMC: Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST; ProStocks: None.
Can I apply for SME IPOs on Bigul (Bonanza) and ProStocks?
Neither says clearly on its pages that SME IPOs can be applied for.
Is account opening free at Bigul (Bonanza) and ProStocks?
Bigul (Bonanza): ₹0. ProStocks: No fee listed.
What is the demat AMC at Bigul (Bonanza) and ProStocks?
Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST. ProStocks: None.