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Bigul (Bonanza) vs Rupeezy for IPO investors

Bigul (Bonanza) vs Rupeezy for IPO investors: 4 of the 7 charges we compare differ. Rupeezy 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 ₹3.54 less at Rupeezy (our calculation). Neither says clearly on its pages that SME IPOs can be applied for. All figures are from each broker's own website, read 23 Oct 2026.

By IPO24by7 Research. Updated .

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

RupeezySEBI INZ000187932

Account opening
₹0
Demat AMC
₹0
SME IPOs
Not stated
Delivery brokerage
0.1%
Cost to sell ₹15,000 of IPO shares
Not publishedBrokerage and DP with GST, ours

Where Bigul (Bonanza) and Rupeezy differ

4 of the 7 charges we compare differ for an IPO investor.

Cost to sell IPO shares (ours)Bigul (Bonanza)Rupeezy
One mainboard lot, ₹15,000Brokerage ₹3.54 less at Rupeezy; a DP charge is not published₹35.40₹17.70 brokerage; DP charge not published
Two SME lots, ₹2,50,000Brokerage ₹273.76 less at Bigul (Bonanza); a DP charge is not published₹35.40₹295.00 brokerage; DP charge not published
A year: 12 mainboard lots soldBrokerage ₹42.48 less at Rupeezy; a DP charge is not published₹424.80₹212.40 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), Zero AMC for life for accounts opened after 15 Jun 2024 at Rupeezy.
  • Equity delivery brokerage: ₹18 per order at Bigul (Bonanza), 0.1% on buy and sell at Rupeezy.
  • DP charge on selling shares: ₹14.16 per scrip including depository charges and GST at Bigul (Bonanza), not stated at Rupeezy.

The same at both: account opening, Mainboard IPOs and SME IPOs.

Bigul (Bonanza) vs Rupeezy: charges side by side

Differs 4 of 7 charges differ between Bigul (Bonanza) and Rupeezy. Same charges are greyed. ₹0 free Not stated not on the broker's pages

ChargeBigul (Bonanza)Rupeezy
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 lakhZero AMC for life for accounts opened after 15 Jun 2024
Apply for IPOs
Mainboard IPOsNot stated on the pages we checkedNot stated on the pages we checked
SME IPOsNot stated on the pages we checkedNot stated on the pages we checked
Sell your IPO shares
Equity delivery brokerage₹18 per order0.1% on buy and sell
DP charge on selling shares₹14.16 per scrip including depository charges and GSTNot stated for market sales (₹25 for off-market transfers)
Registration
SEBI registrationINZ000212137INZ000187932

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 Rupeezy pages.

Bigul (Bonanza) and Rupeezy 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.

More on Bigul (Bonanza)

Rupeezy

Strengths

  • Zero AMC
  • Lower MTF

Worth checking

  • Delivery has no cap

    0.1% on each side: ₹15 on a ₹15,000 sale, more on bigger ones.

  • DP charge on market sales not stated

    Check it before you sell IPO shares.

More on Rupeezy

Brokerage calculator: Bigul (Bonanza) vs Rupeezy

ChargeBigul (Bonanza)Rupeezy

Ours, with NSE rates. Change the trade to see what Bigul (Bonanza) and Rupeezy would each charge.

Other comparisons

Every comparison with Bigul (Bonanza) or Rupeezy, or pick any two brokers.

Frequently asked questions

Which is cheaper for selling IPO shares, Bigul (Bonanza) or Rupeezy?

Rupeezy 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 ₹3.54 less at Rupeezy (our calculation). For two SME lots worth ₹2,50,000: Bigul (Bonanza) ₹35.40, Rupeezy ₹295.00 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).

How much would the difference between Bigul (Bonanza) and Rupeezy be over a year?

Not in full, because Rupeezy does not publish its DP charge. On brokerage alone, 12 mainboard lots of ₹15,000 cost ₹42.48 less at Rupeezy (our calculation).

Can I apply for SME IPOs on Bigul (Bonanza) and Rupeezy?

Neither says clearly on its pages that SME IPOs can be applied for.

What is the demat AMC at Bigul (Bonanza) and Rupeezy?

Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST. Rupeezy: Zero AMC for life for accounts opened after 15 Jun 2024.

What brokerage do Bigul (Bonanza) and Rupeezy 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 Rupeezy (our calculation from their published rates).