Stoxkart vs Zerodha for IPO investors

Stoxkart vs Zerodha for IPO investors: 6 of the 7 charges we compare differ. Stoxkart 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 ₹23.60 less at Zerodha (our calculation). Zerodha lets you apply for SME IPOs; Stoxkart does not say so on the pages we checked. All figures are from each broker's own website, read 23 Oct 2026.

By IPO24by7 Research. Updated 23 Oct 2026.

StoxkartSEBI INZ000196835

Account opening: ₹0
Demat AMC: Not stated
SME IPOs: Not stated
Delivery brokerage: ₹20/order
Cost to sell ₹15,000 of IPO shares: Not publishedBrokerage and DP with GST, ours

ZerodhaSEBI INZ000031633

Account opening: ₹0
Demat AMC: ₹0 year 1, then ₹300/yr + GST
SME IPOs: Yes
Delivery brokerage: ₹0
Cost to sell ₹15,000 of IPO shares: ₹15.34Brokerage and DP with GST, ours

Where Stoxkart and Zerodha differ

6 of the 7 charges we compare differ for an IPO investor.

Cost to sell IPO shares (ours)	Stoxkart	Zerodha
One mainboard lot, ₹15,000Brokerage ₹23.60 less at Zerodha; a DP charge is not published	₹23.60 brokerage; DP charge not published	₹15.34
Two SME lots, ₹2,50,000Brokerage ₹23.60 less at Zerodha; a DP charge is not published	₹23.60 brokerage; DP charge not published	₹15.34
A year: 12 mainboard lots soldBrokerage ₹283.20 less at Zerodha; a DP charge is not published	₹283.20 brokerage; DP charge not published	₹184.08

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): not stated at Stoxkart, Free in the first year for resident individuals, then ₹300 a year plus… at Zerodha.
Equity delivery brokerage: ₹20 per executed order at Stoxkart, ₹0 at Zerodha.
DP charge on selling shares: not stated at Stoxkart, ₹13 plus GST per scrip at Zerodha.
Mainboard IPOs: not stated at Stoxkart, Yes, through Kite or Console with a UPI mandate at Zerodha.
SME IPOs: not stated at Stoxkart, Yes, NSE and BSE SME IPOs through UPI. Only one bid per SME IPO, and… at Zerodha.

The same at both: account opening.

Stoxkart vs Zerodha: charges side by side

Differs 6 of 7 charges differ between Stoxkart and Zerodha. Same charges are greyed. ₹0 free Not stated not on the broker's pages

Charge	Stoxkart	Zerodha
Open an account
Account opening	₹0	₹0 for individual accounts (₹500 for NRI, partnership, LLP and corporate accounts)
Demat maintenance (AMC)	Not stated on the pages we checked	Free in the first year for resident individuals, then ₹300 a year plus GST, charged quarterly
Apply for IPOs
Mainboard IPOs	Not stated on the pages we checked	Yes, through Kite or Console with a UPI mandate
SME IPOs	Not stated on the pages we checked	Yes, NSE and BSE SME IPOs through UPI. Only one bid per SME IPO, and no net banking fallback if the UPI payment fails
Sell your IPO shares
Equity delivery brokerage	₹20 per executed order	₹0
DP charge on selling shares	Not stated on the pages we checked	₹13 plus GST per scrip (₹3.50 CDSL, ₹9.50 Zerodha); ₹15.34 with GST
Registration
SEBI registration	INZ000196835	INZ000031633

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 Stoxkart and Zerodha pages.

Stoxkart and Zerodha strengths and things worth checking

Stoxkart

Strengths

Flat ₹20

Worth checking

AMC, DP and IPO details not on the pricing page
Check them before you open an account.

Zerodha

Strengths

₹0 brokerage on delivery
Lower DP charge
SME IPOs on both exchanges

Worth checking

AMC after the first year
₹300 a year plus GST for a regular demat account.
SME IPO limits
One bid per SME IPO, and if the UPI payment fails you cannot apply by net banking.
Dealer orders cost extra
₹50 per order through call and trade or auto square-off.

Brokerage calculator: Stoxkart vs Zerodha

Charge	Stoxkart	Zerodha

Ours, with NSE rates. Change the trade to see what Stoxkart and Zerodha would each charge.

Other comparisons

Every comparison with Stoxkart or Zerodha, or pick any two brokers.

Frequently asked questions

Which is cheaper for selling IPO shares, Stoxkart or Zerodha?

Stoxkart 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 ₹23.60 less at Zerodha (our calculation). For two SME lots worth ₹2,50,000: Stoxkart ₹23.60 brokerage; DP charge not published, Zerodha ₹15.34 (our calculation, brokerage and DP charge with GST).

How much would the difference between Stoxkart and Zerodha be over a year?

Not in full, because Stoxkart does not publish its DP charge. On brokerage alone, 12 mainboard lots of ₹15,000 cost ₹283.20 less at Zerodha (our calculation).

Can I apply for SME IPOs on Stoxkart and Zerodha?

Zerodha lets you apply for SME IPOs; Stoxkart does not say so on the pages we checked.

What is the demat AMC at Stoxkart and Zerodha?

Stoxkart: not stated. Zerodha: Free in the first year for resident individuals, then ₹300 a year plus….

What brokerage do Stoxkart and Zerodha charge when I sell IPO shares?

Selling allotted shares is a delivery trade. On a ₹15,000 sale the brokerage with GST is ₹23.60 at Stoxkart and ₹0.00 at Zerodha (our calculation from their published rates).