Open an account
- Account opening
- ₹0
- Demat AMC
- ₹25/month + GST
Apply for IPOs
- Mainboard IPOs
- Yes
- SME IPOs
- Yes
Sell your IPO shares
- Delivery brokerage
- ₹11 or 2.5%, lower
- DP charge on a sale
- ₹20 or 0.02% of the value, whichever is higher, plus GST, when sold through Indiabulls Securities
- Cost to sell ₹15,000 of IPO shares
- ₹36.58Brokerage and DP with GST, ours
Indiabulls Securities: strengths and things worth checking
Worth checking
- Brokerage on delivery
₹11 per order on delivery, where some brokers charge ₹0.
- AMC from the start
₹25 plus GST a month (₹300 plus GST a year); the pricing page does not mention a free first year.
Strengths
- Flat ₹11 per order
2.5% or ₹11 per executed order, whichever is lower, in every segment, including intraday and F&O.
- ₹0 account opening
Opening an account is free, and inactive accounts are not charged.
- Fixed MTF rate
Margin trading interest is a flat 14% a year.
- SME IPOs
SME IPOs can be applied for, as confirmed by Indiabulls Securities.
Company and registration
| Company | Indiabulls Securities Limited (formerly Dhani Stocks Limited) |
|---|---|
| SEBI stockbroker registration | INZ000036136 |
| Depository participant | IN-DP-423-2019 |
| Exchange member codes | NSE 08756, BSE 907, MCX 12835 |
| Website | indiabullssecurities.com |
Indiabulls Securities account opening and AMC charges
| Charge | As published by Indiabulls Securities |
|---|---|
| Account opening | ₹0 |
| Demat maintenance (AMC) | ₹25 plus GST a month on the pricing page; ₹300 a year plus GST on the DP schedule |
| Inactive accounts | No charge |
Indiabulls Securities brokerage charges
| Segment | Brokerage |
|---|---|
| All segments (equity delivery, intraday, futures, options, currency, commodity) | 2.5% or ₹11 per executed order, whichever is lower |
| Segments covered | NSE (cash, F&O, currency), BSE (cash, F&O) and MCX |
Other Indiabulls Securities charges
| Charge | As published by Indiabulls Securities |
|---|---|
| DP charge on selling delivery sharesWhen you sell IPO shares | ₹20 or 0.02% of the value, whichever is higher, plus GST, when sold through Indiabulls Securities (₹30 or 0.03% otherwise) |
| Pledge (creation, confirmation, closure, invocation) | ₹35 or 0.02% of the value, whichever is higher |
| Margin pledge (creation or closure) | ₹15 |
| Margin trading (MTF) interest | 14% a year (fixed) |
| Call and trade, auto square-off, payment gateway | Not stated on the pages we checked |
Sources: Indiabulls Securities pricing, Indiabulls Securities home page, Indiabulls Securities DP schedule of charges (PDF), read on 23 Oct 2026. GST at 18% applies on brokerage and most charges unless stated. Charges change; check Indiabulls Securities's page before you open an account.
Government and exchange charges
These are set by the government, SEBI and the exchanges, and are the same at every broker.
| Charge | Equity delivery | Equity intraday |
|---|---|---|
| Securities transaction tax (STT) | 0.1% on buy and sell | 0.025% on sell |
| Exchange transaction charge | NSE 0.00307%, BSE 0.00375% | NSE 0.00307%, BSE 0.00375% |
| SEBI fee | ₹10 per crore | ₹10 per crore |
| Stamp duty (buy side) | 0.015% | 0.003% |
| GST | 18% on brokerage, exchange and SEBI charges | 18% on brokerage, exchange and SEBI charges |
Government and exchange rates as listed on the Zerodha and Indiabulls Securities charges pages, read on 23 Oct 2026.
What it costs to sell your IPO shares on Indiabulls Securities
Applying for an IPO carries no brokerage. Costs come when you sell. For IPO shares worth ₹15,000 sold from your demat account (our calculation):
| Indiabulls Securities brokerage | ₹11.00 |
| GST on brokerage | ₹1.98 |
| DP charge with GST | ₹23.60 |
| Charged by Indiabulls Securities | ₹36.58 |
|---|---|
| STT (0.1%) | ₹15.00 |
| Exchange and SEBI charges | ₹0.48 |
| All charges on the sale | ₹52.15 |
Indiabulls Securities brokerage calculator
Enter a trade to see every charge. The example is one SME lot of 800 shares bought at ₹179 and sold at ₹190.
| Charge | Indiabulls Securities |
|---|
Our calculation from each broker's published charges and the government and exchange rates above (NSE). For delivery, the DP charge is added once on the sale. Where a broker does not publish a charge, it shows as not published.
Applying for IPOs on Indiabulls Securities
| Mainboard IPOs | Yes. The home page describes ASBA, where the money stays in your bank account until allotment |
|---|---|
| SME IPOs | Yes, confirmed by Indiabulls Securities on 23 Oct 2026 (not yet stated on its pricing page) |
How to apply for an IPO on Indiabulls Securities
- Find the IPO. Open the IPO section of the Indiabulls Securities app or website while bidding is open, and pick the IPO.
- Enter your bid. Enter the number of lots and either tick cut-off price or enter a price within the band. SME IPOs need a price; cut-off is not allowed.
- Approve the UPI mandate. Approve the mandate in your UPI app before 5 pm on the closing day. The money is blocked, not debited, until allotment.
- Check allotment and sell if you choose. Allotted shares reach your Indiabulls Securities demat account the next working day. You can sell from the listing day.
Any demat account also lets you apply through ASBA in your bank's net banking. See the IPOs open this week.
How to open a Indiabulls Securities account
- Keep your documents ready. PAN, Aadhaar linked to your mobile number, a bank account with a cancelled cheque or statement, and your signature on white paper.
- Start on indiabullssecurities.com. Sign up on the Indiabulls Securities website or app with your mobile number and email, and verify the OTPs.
- Complete KYC online. Enter your PAN and Aadhaar details, link your bank account, and upload a photo and signature. Most brokers also do in-person verification by video or selfie.
- E-sign the form. Sign the account opening form with an Aadhaar OTP. The account is usually active within one or two working days.
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Frequently asked questions
What are the Indiabulls Securities account opening charges?
₹0. Demat AMC: ₹25 plus GST a month on the pricing page; ₹300 a year plus GST on the DP schedule.
What is the Indiabulls Securities brokerage on delivery?
2.5% or ₹11 per executed order, whichever is lower. Intraday: 2.5% or ₹11 per executed order, whichever is lower.
What is the Indiabulls Securities DP charge?
₹20 or 0.02% of the value, whichever is higher, plus GST, when sold through Indiabulls Securities (₹30 or 0.03% otherwise). The DP charge is collected each time you sell shares from your demat account, including IPO shares.
Can I apply for SME IPOs on Indiabulls Securities?
Yes, confirmed by Indiabulls Securities on 23 Oct 2026 (not yet stated on its pricing page).
How do I apply for an IPO on Indiabulls Securities?
Open the IPO section of the Indiabulls Securities app, pick the IPO, enter the lots and price (or cut-off for mainboard IPOs), and approve the UPI mandate before 5 pm on the closing day.
What does it cost to sell IPO shares on Indiabulls Securities?
Selling ₹15,000 of IPO shares costs ₹36.58 in Indiabulls Securities brokerage and DP charge with GST, and ₹52.15 in all after STT, exchange and SEBI charges (our calculation).
Is Indiabulls Securities registered with SEBI?
Yes. Indiabulls Securities Limited (formerly Dhani Stocks Limited) is registered with SEBI as a stockbroker, INZ000036136, and as a depository participant, IN-DP-423-2019. You can confirm it on the SEBI website.
What is the Indiabulls Securities margin trading (MTF) interest rate?
14% a year (fixed).
Is Indiabulls Securities good for IPO investors?
It depends on how you invest. Compare the yearly AMC, the cost to sell IPO shares and SME IPO access below with other brokers. We list facts from Indiabulls Securities's own website and do not rate or rank brokers.