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
SahiSEBI INZ000317632
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹10 or 0.05%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹24.78Brokerage and DP with GST, ours
Where Bigul (Bonanza) and Sahi differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Bigul (Bonanza) | Sahi |
|---|---|---|
| One mainboard lot, ₹15,000₹10.62 less at Sahi | ₹35.40 | ₹24.78 |
| Two SME lots, ₹2,50,000₹7.67 less at Sahi | ₹35.40 | ₹27.73 |
| A year: 12 mainboard lots sold₹127.44 less at Sahi | ₹424.80 | ₹297.36 |
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), Free at Sahi.
- Equity delivery brokerage: ₹18 per order at Bigul (Bonanza), ₹10 or 0.05% per order, whichever is lower at Sahi.
- DP charge on selling shares: ₹14.16 per scrip including depository charges and GST at Bigul (Bonanza), ₹13.50 per company at Sahi.
- Mainboard IPOs: not stated at Bigul (Bonanza), Yes, free at Sahi.
The same at both: account opening and SME IPOs.
Bigul (Bonanza) vs Sahi: charges side by side
Differs 5 of 7 charges differ between Bigul (Bonanza) and Sahi. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Bigul (Bonanza) | Sahi |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | Free |
| Demat maintenance (AMC) | Free in the first year, then ₹250 a year plus GST; basic services demat accounts: ₹0 up to ₹4 lakh | Free |
| Apply for IPOs | ||
| Mainboard IPOs | Not stated on the pages we checked | Yes, free |
| 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 or 0.05% per order, whichever is lower |
| DP charge on selling shares | ₹14.16 per scrip including depository charges and GST | ₹13.50 per company (GST not stated; we add 18% in our calculation) |
| Registration | ||
| SEBI registration | INZ000212137 | INZ000317632 |
For other trading, equity intraday and Futures differ too. Intraday, futures, call and trade and margin charges are on the Bigul (Bonanza) and Sahi pages.
Bigul (Bonanza) and Sahi 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.
Sahi
Strengths
- ₹10 cap
- ₹0 AMC and account opening
- IPOs free
Worth checking
- Newer broker
Registered with SEBI in 2024.
- DP charge
₹13.50 per sale.
Brokerage calculator: Bigul (Bonanza) vs Sahi
| Charge | Bigul (Bonanza) | Sahi |
|---|
Ours, with NSE rates. Change the trade to see what Bigul (Bonanza) and Sahi would each charge.
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Frequently asked questions
Which is cheaper for selling IPO shares, Bigul (Bonanza) or Sahi?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹24.78 in broker charges at Sahi and ₹35.40 at Bigul (Bonanza) (our calculation). For two SME lots worth ₹2,50,000: Bigul (Bonanza) ₹35.40, Sahi ₹27.73 (our calculation, brokerage and DP charge with GST).
How much would the difference between Bigul (Bonanza) and Sahi be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Sahi costs ₹127.44 less in broker charges (our calculation). Add the yearly AMC: Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST; Sahi: Free.
Can I apply for SME IPOs on Bigul (Bonanza) and Sahi?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Bigul (Bonanza) and Sahi?
Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST. Sahi: Free.
What brokerage do Bigul (Bonanza) and Sahi 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 ₹8.85 at Sahi (our calculation from their published rates).