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
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 IIFL Capital and Rupeezy differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | IIFL Capital | Rupeezy |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹26.55 less at Rupeezy; a DP charge is not published | ₹73.75 | ₹17.70 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Brokerage ₹442.50 less at Rupeezy; a DP charge is not published | ₹767.00 | ₹295.00 brokerage; DP charge not published |
| A year: 12 mainboard lots soldBrokerage ₹318.60 less at Rupeezy; a DP charge is not published | ₹885.00 | ₹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): ₹0 in the first year, then ₹250 plus GST a year at IIFL Capital, Zero AMC for life for accounts opened after 15 Jun 2024 at Rupeezy.
- Equity delivery brokerage: 0.25% at IIFL Capital, 0.1% on buy and sell at Rupeezy.
- DP charge on selling shares: ₹25 plus GST per scrip at IIFL Capital, not stated at Rupeezy.
- Mainboard IPOs: Yes at IIFL Capital, not stated at Rupeezy.
The same at both: account opening and SME IPOs.
IIFL Capital vs Rupeezy: charges side by side
Differs 5 of 7 charges differ between IIFL Capital and Rupeezy. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | IIFL Capital | Rupeezy |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹0 in the first year, then ₹250 plus GST a year | Zero AMC for life for accounts opened after 15 Jun 2024 |
| 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% | 0.1% on buy and sell |
| DP charge on selling shares | ₹25 plus GST per scrip | Not stated for market sales (₹25 for off-market transfers) |
| Registration | ||
| SEBI registration | INZ000164132 | INZ000187932 |
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 IIFL Capital and Rupeezy pages.
IIFL Capital and Rupeezy 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.
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.
Brokerage calculator: IIFL Capital vs Rupeezy
| Charge | IIFL Capital | Rupeezy |
|---|
Ours, with NSE rates. Change the trade to see what IIFL Capital and Rupeezy would each charge.
Other comparisons
Every comparison with IIFL Capital or Rupeezy, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, IIFL Capital 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 ₹26.55 less at Rupeezy (our calculation). For two SME lots worth ₹2,50,000: IIFL Capital ₹767.00, Rupeezy ₹295.00 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between IIFL Capital 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 ₹318.60 less at Rupeezy (our calculation).
Can I apply for SME IPOs on IIFL Capital and Rupeezy?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at IIFL Capital and Rupeezy?
IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year. Rupeezy: Zero AMC for life for accounts opened after 15 Jun 2024.
What brokerage do IIFL Capital 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 ₹44.25 at IIFL Capital and ₹17.70 at Rupeezy (our calculation from their published rates).