Open an account
- Account opening
- ₹0
- Demat AMC
- ₹0
Apply for IPOs
- Mainboard IPOs
- Yes
- SME IPOs
- Not stated
Sell your IPO shares
- Delivery brokerage
- ₹10/order
- DP charge on a sale
- ₹18 plus GST per debit transaction
- Cost to sell ₹15,000 of IPO shares
- ₹33.04Brokerage and DP with GST, ours
m.Stock: strengths and things worth checking
Worth checking
- System square-off is costly
₹100 plus GST per order if m.Stock squares off your intraday position.
- DP charge
₹18 plus GST per sale.
Strengths
- ₹10 per order
Flat ₹10 across delivery, intraday and F&O.
- ₹0 AMC
No yearly maintenance charge.
- Free call and trade
No extra charge for dealer orders.
Company and registration
| Company | Mirae Asset Capital Markets (India) Private Limited |
|---|---|
| SEBI stockbroker registration | INZ000163138 |
| Depository participant | IN-DP-589-2021 |
| Website | mstock.com |
m.Stock account opening and AMC charges
| Charge | As published by m.Stock |
|---|---|
| Account opening | ₹0 |
| Demat maintenance (AMC) | ₹0 |
| Platform charges | ₹0 |
m.Stock brokerage charges
| Segment | Brokerage |
|---|---|
| Equity deliveryWhen you sell IPO shares | ₹10 per order |
| Equity intraday | ₹10 per order |
| Futures | ₹10 per order |
| Options | ₹10 per order |
| Mutual funds | ₹0 on direct plans |
Other m.Stock charges
| Charge | As published by m.Stock |
|---|---|
| DP charge on selling delivery sharesWhen you sell IPO shares | ₹18 plus GST per debit transaction |
| Call and trade | ₹0 |
| System square-off (RMS) | ₹100 plus GST per executed order |
| Pledge | ₹0 creation, ₹32 closure per day plus GST |
| Margin trading (MTF) interest | From 8.99% a year |
Sources: m.Stock pricing, read on 23 Oct 2026. GST at 18% applies on brokerage and most charges unless stated. Charges change; check m.Stock'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 m.Stock
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):
| m.Stock brokerage | ₹10.00 |
| GST on brokerage | ₹1.80 |
| DP charge with GST | ₹21.24 |
| Charged by m.Stock | ₹33.04 |
|---|---|
| STT (0.1%) | ₹15.00 |
| Exchange and SEBI charges | ₹0.48 |
| All charges on the sale | ₹48.61 |
m.Stock 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 | m.Stock |
|---|
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 m.Stock
| Mainboard IPOs | Yes, with a two-click application |
|---|---|
| SME IPOs | Not stated on the pages we checked |
How to apply for an IPO on m.Stock
- Find the IPO. Open the IPO section of the m.Stock 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 m.Stock 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 m.Stock 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 mstock.com. Sign up on the m.Stock 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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All brokers and charges compared
Frequently asked questions
What are the m.Stock account opening charges?
₹0. Demat AMC: ₹0.
What is the m.Stock brokerage on delivery?
₹10 per order. Intraday: ₹10 per order.
What is the m.Stock DP charge?
₹18 plus GST per debit transaction. The DP charge is collected each time you sell shares from your demat account, including IPO shares.
Can I apply for SME IPOs on m.Stock?
m.Stock's own pages we checked do not say whether SME IPOs can be applied for. Ask m.Stock before the IPO opens.
How do I apply for an IPO on m.Stock?
Open the IPO section of the m.Stock 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 m.Stock?
Selling ₹15,000 of IPO shares costs ₹33.04 in m.Stock brokerage and DP charge with GST, and ₹48.61 in all after STT, exchange and SEBI charges (our calculation).
Is m.Stock registered with SEBI?
Yes. Mirae Asset Capital Markets (India) Private Limited is registered with SEBI as a stockbroker, INZ000163138, and as a depository participant, IN-DP-589-2021. You can confirm it on the SEBI website.
What is the m.Stock margin trading (MTF) interest rate?
From 8.99% a year.
Is m.Stock 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 m.Stock's own website and do not rate or rank brokers.