JainamSEBI INZ000198735
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 (DIY) or 0.4%
- Cost to sell ₹15,000 of IPO shares
- ₹44.84Brokerage 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 Jainam and ProStocks differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Jainam | ProStocks |
|---|---|---|
| One mainboard lot, ₹15,000₹21.24 less at ProStocks | ₹44.84 | ₹23.60 |
| Two SME lots, ₹2,50,000₹21.24 less at ProStocks | ₹44.84 | ₹23.60 |
| A year: 12 mainboard lots sold₹254.88 less at ProStocks | ₹538.08 | ₹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 online at Jainam, No fee listed at ProStocks.
- Demat maintenance (AMC): not stated at Jainam, None at ProStocks.
- Equity delivery brokerage: DIY: ₹20 per order at Jainam, ₹0 at ProStocks.
- DP charge on selling shares: DIY: ₹18 per scrip at Jainam, ₹20 per scrip plus 18% GST at ProStocks.
The same at both: mainboard IPOs and SME IPOs.
Jainam vs ProStocks: charges side by side
Differs 5 of 7 charges differ between Jainam and ProStocks. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Jainam | ProStocks |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 online | 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 | Not stated on the pages we checked | 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 | DIY: ₹20 per order; Premium: 0.4% | ₹0 (flat fee plan) |
| DP charge on selling shares | DIY: ₹18 per scrip; Premium: ₹25 per request plus GST | ₹20 per scrip plus 18% GST |
| Registration | ||
| SEBI registration | INZ000198735 | INZ000048660 |
For other trading, equity intraday, Futures and Call and trade differ too. Intraday, futures, call and trade and margin charges are on the Jainam and ProStocks pages.
Jainam and ProStocks strengths and things worth checking
Jainam
Strengths
- Two plans
Worth checking
- Premium delivery is 0.4%
₹60 on a ₹15,000 sale on the Premium plan. Our calculator uses the DIY plan.
- DIY dealer orders cost ₹70
Plus ₹20 brokerage and GST.
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: Jainam vs ProStocks
| Charge | Jainam | ProStocks |
|---|
Ours, with NSE rates. Change the trade to see what Jainam and ProStocks would each charge.
Other comparisons
Every comparison with Jainam or ProStocks, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Jainam or ProStocks?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹23.60 in broker charges at ProStocks and ₹44.84 at Jainam (our calculation). For two SME lots worth ₹2,50,000: Jainam ₹44.84, ProStocks ₹23.60 (our calculation, brokerage and DP charge with GST).
How much would the difference between Jainam and ProStocks be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, ProStocks costs ₹254.88 less in broker charges (our calculation). Add the yearly AMC: Jainam: not stated; ProStocks: None.
Can I apply for SME IPOs on Jainam and ProStocks?
Neither says clearly on its pages that SME IPOs can be applied for.
Is account opening free at Jainam and ProStocks?
Jainam: ₹0 online. ProStocks: No fee listed.
What is the demat AMC at Jainam and ProStocks?
Jainam: not stated. ProStocks: None.