IIFL CapitalSEBI INZ000164132
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹250/yr + GST
- SME IPOs
- Not stated
- Delivery brokerage
- 0.25%
- Cost to sell ₹15,000 of IPO shares
- ₹73.75Brokerage 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 IIFL Capital and ProStocks differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | IIFL Capital | ProStocks |
|---|---|---|
| One mainboard lot, ₹15,000₹50.15 less at ProStocks | ₹73.75 | ₹23.60 |
| Two SME lots, ₹2,50,000₹743.40 less at ProStocks | ₹767.00 | ₹23.60 |
| A year: 12 mainboard lots sold₹601.80 less at ProStocks | ₹885.00 | ₹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 IIFL Capital, No fee listed at ProStocks.
- Demat maintenance (AMC): ₹0 in the first year, then ₹250 plus GST a year at IIFL Capital, None at ProStocks.
- Equity delivery brokerage: 0.25% at IIFL Capital, ₹0 at ProStocks.
- DP charge on selling shares: ₹25 plus GST per scrip at IIFL Capital, ₹20 per scrip plus 18% GST at ProStocks.
- Mainboard IPOs: Yes at IIFL Capital, not stated at ProStocks.
The same at both: sME IPOs.
IIFL Capital vs ProStocks: charges side by side
Differs 6 of 7 charges differ between IIFL Capital and ProStocks. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | IIFL Capital | ProStocks |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | No fee listed (online application) |
| Demat maintenance (AMC) | ₹0 in the first year, then ₹250 plus GST a year | 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 | 0.25% | ₹0 (flat fee plan) |
| DP charge on selling shares | ₹25 plus GST per scrip | ₹20 per scrip plus 18% GST |
| Registration | ||
| SEBI registration | INZ000164132 | INZ000048660 |
For other trading, equity intraday, Futures and Call and trade differ too. Intraday, futures, call and trade and margin charges are on the IIFL Capital and ProStocks pages.
IIFL Capital and ProStocks strengths and things worth checking
IIFL Capital
Strengths
- Full-service support
- Lower AMC
Worth checking
- Percentage brokerage on delivery
0.25% with no cap: ₹37.50 on a ₹15,000 sale.
- DP charge
₹25 plus GST per sale.
- System square-off
₹100 per order.
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: IIFL Capital vs ProStocks
| Charge | IIFL Capital | ProStocks |
|---|
Ours, with NSE rates. Change the trade to see what IIFL Capital and ProStocks would each charge.
Other comparisons
Every comparison with IIFL Capital or ProStocks, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, IIFL Capital or ProStocks?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹23.60 in broker charges at ProStocks and ₹73.75 at IIFL Capital (our calculation). For two SME lots worth ₹2,50,000: IIFL Capital ₹767.00, ProStocks ₹23.60 (our calculation, brokerage and DP charge with GST).
How much would the difference between IIFL Capital and ProStocks be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, ProStocks costs ₹601.80 less in broker charges (our calculation). Add the yearly AMC: IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year; ProStocks: None.
Can I apply for SME IPOs on IIFL Capital and ProStocks?
Neither says clearly on its pages that SME IPOs can be applied for.
Is account opening free at IIFL Capital and ProStocks?
IIFL Capital: ₹0. ProStocks: No fee listed.
What is the demat AMC at IIFL Capital and ProStocks?
IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year. ProStocks: None.