Open an account
- Account opening
- ₹0
- Demat AMC
- ₹0
Apply for IPOs
- Mainboard IPOs
- Yes
- SME IPOs
- No
Sell your IPO shares
- Delivery brokerage
- ₹20 or 0.1%, lower
- DP charge on a sale
- ₹18.50 plus GST per ISIN
- Cost to sell ₹15,000 of IPO shares
- ₹39.53Brokerage and DP with GST, ours
INDmoney: strengths and things worth checking
Worth checking
- Desk orders are expensive
₹500 per order through the trading desk.
- DP charge
₹18.50 plus GST per sale.
- No SME IPOs yet
INDmoney says SME IPO applications are not supported at the moment.
Strengths
- ₹0 AMC and account opening
No yearly maintenance charge.
- Low minimum brokerage
0.1% with a ₹2 minimum, so small orders pay less.
Company and registration
| Company | INDstocks Private Limited (formerly INDmoney Private Limited) |
|---|---|
| SEBI stockbroker registration | INZ000305337 |
| Depository participant | IN-DP-690-2022 |
| Website | indmoney.com |
INDmoney account opening and AMC charges
| Charge | As published by INDmoney |
|---|---|
| Account opening | ₹0 |
| Demat maintenance (AMC) | ₹0 |
INDmoney brokerage charges
| Segment | Brokerage |
|---|---|
| Equity (delivery and intraday) | 0.1% or ₹20 per executed order, whichever is lower, minimum ₹2 |
| Futures and options | ₹20 per executed order |
Other INDmoney charges
| Charge | As published by INDmoney |
|---|---|
| DP charge on selling delivery sharesWhen you sell IPO shares | ₹18.50 plus GST per ISIN (₹3.50 CDSL and ₹15 INDstocks; ₹3.25 and ₹15.25 for women) |
| Call and trade | ₹500 per order through the desk |
| Pledge | ₹0 for margin; ₹20 plus GST for MTF |
Sources: INDmoney pricing, INDmoney current IPOs, read on 23 Oct 2026. GST at 18% applies on brokerage and most charges unless stated. Charges change; check INDmoney'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 INDmoney
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):
| INDmoney brokerage | ₹15.00 |
| GST on brokerage | ₹2.70 |
| DP charge with GST | ₹21.83 |
| Charged by INDmoney | ₹39.53 |
|---|---|
| STT (0.1%) | ₹15.00 |
| Exchange and SEBI charges | ₹0.48 |
| All charges on the sale | ₹55.10 |
INDmoney 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 | INDmoney |
|---|
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 INDmoney
| Mainboard IPOs | Yes |
|---|---|
| SME IPOs | Not yet. INDmoney says it does not currently support SME IPOs |
How to apply for an IPO on INDmoney
- Find the IPO. Open the IPO section of the INDmoney 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 INDmoney 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 INDmoney 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 indmoney.com. Sign up on the INDmoney 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 INDmoney account opening charges?
₹0. Demat AMC: ₹0.
What is the INDmoney brokerage on delivery?
0.1% or ₹20 per executed order, whichever is lower, minimum ₹2. Intraday: 0.1% or ₹20 per executed order, whichever is lower, minimum ₹2.
What is the INDmoney DP charge?
₹18.50 plus GST per ISIN (₹3.50 CDSL and ₹15 INDstocks; ₹3.25 and ₹15.25 for women). The DP charge is collected each time you sell shares from your demat account, including IPO shares.
Can I apply for SME IPOs on INDmoney?
Not yet. INDmoney says it does not currently support SME IPOs.
How do I apply for an IPO on INDmoney?
Open the IPO section of the INDmoney 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 INDmoney?
Selling ₹15,000 of IPO shares costs ₹39.53 in INDmoney brokerage and DP charge with GST, and ₹55.10 in all after STT, exchange and SEBI charges (our calculation).
Is INDmoney registered with SEBI?
Yes. INDstocks Private Limited (formerly INDmoney Private Limited) is registered with SEBI as a stockbroker, INZ000305337, and as a depository participant, IN-DP-690-2022. You can confirm it on the SEBI website.
What is the INDmoney margin trading (MTF) interest rate?
Not stated on the pages we checked.
Is INDmoney 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 INDmoney's own website and do not rate or rank brokers.