GeojitSEBI INZ000318938
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- 0.30%
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage 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 Geojit and ProStocks differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Geojit | ProStocks |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹53.10 less at ProStocks; a DP charge is not published | ₹53.10 brokerage; DP charge not published | ₹23.60 |
| Two SME lots, ₹2,50,000Brokerage ₹885.00 less at ProStocks; a DP charge is not published | ₹885.00 brokerage; DP charge not published | ₹23.60 |
| A year: 12 mainboard lots soldBrokerage ₹637.20 less at ProStocks; a DP charge is not published | ₹637.20 brokerage; DP charge not published | ₹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: Nil at Geojit, No fee listed at ProStocks.
- Demat maintenance (AMC): not stated at Geojit, None at ProStocks.
- Equity delivery brokerage: 0.30% at Geojit, ₹0 at ProStocks.
- DP charge on selling shares: not stated at Geojit, ₹20 per scrip plus 18% GST at ProStocks.
- Mainboard IPOs: Yes at Geojit, not stated at ProStocks.
The same at both: sME IPOs.
Geojit vs ProStocks: charges side by side
Differs 6 of 7 charges differ between Geojit and ProStocks. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Geojit | ProStocks |
|---|---|---|
| Open an account | ||
| Account opening | Nil | No fee listed (online application) |
| Demat maintenance (AMC) | Not stated on the pages we checked | None; ₹1,000 refundable demat deposit |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | 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 | 0.30% | ₹0 (flat fee plan) |
| DP charge on selling shares | Not stated on the pages we checked | ₹20 per scrip plus 18% GST |
| Registration | ||
| SEBI registration | INZ000318938 | INZ000048660 |
For other trading, equity intraday, Futures and Call and trade differ too. Intraday, futures, call and trade and margin charges are on the Geojit and ProStocks pages.
Geojit and ProStocks strengths and things worth checking
Geojit
Strengths
- Full-service support
Worth checking
- Percentage brokerage on delivery
0.30% with no cap: ₹45 on a ₹15,000 sale.
- AMC and DP charge not on the pricing page
Check them before you open an account.
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: Geojit vs ProStocks
| Charge | Geojit | ProStocks |
|---|
Ours, with NSE rates. Change the trade to see what Geojit and ProStocks would each charge.
Other comparisons
Every comparison with Geojit or ProStocks, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Geojit or ProStocks?
Geojit 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 ₹53.10 less at ProStocks (our calculation). For two SME lots worth ₹2,50,000: Geojit ₹885.00 brokerage; DP charge not published, ProStocks ₹23.60 (our calculation, brokerage and DP charge with GST).
How much would the difference between Geojit and ProStocks be over a year?
Not in full, because Geojit does not publish its DP charge. On brokerage alone, 12 mainboard lots of ₹15,000 cost ₹637.20 less at ProStocks (our calculation).
Can I apply for SME IPOs on Geojit and ProStocks?
Neither says clearly on its pages that SME IPOs can be applied for.
Is account opening free at Geojit and ProStocks?
Geojit: Nil. ProStocks: No fee listed.
What is the demat AMC at Geojit and ProStocks?
Geojit: not stated. ProStocks: None.