Open an account
- Account opening
- ₹0
- Demat AMC
- ₹0 (₹1,000 deposit)
Apply for IPOs
- Mainboard IPOs
- Not stated
- SME IPOs
- Not stated
Sell your IPO shares
- Delivery brokerage
- ₹0
- DP charge on a sale
- ₹20 per scrip plus 18% GST
- Cost to sell ₹15,000 of IPO shares
- ₹23.60Brokerage and DP with GST, ours
ProStocks: strengths and things worth checking
Worth checking
- Refundable deposit
₹1,000 demat deposit.
- IPO access not stated
The pricing page does not mention IPO applications.
Strengths
- ₹0 delivery brokerage
No brokerage when you sell IPO shares.
- No AMC
No yearly maintenance charge.
- Cheap dealer orders
From ₹10 per order.
Company and registration
| Company | Sunlight Broking LLP |
|---|---|
| SEBI stockbroker registration | INZ000048660 |
| Website | prostocks.com |
ProStocks account opening and AMC charges
| Charge | As published by ProStocks |
|---|---|
| Account opening | No fee listed (online application) |
| Demat maintenance (AMC) | None; ₹1,000 refundable demat deposit |
ProStocks brokerage charges
| Segment | Brokerage |
|---|---|
| Equity deliveryWhen you sell IPO shares | ₹0 (flat fee plan) |
| Equity intraday | ₹15 per executed order, or unlimited for ₹899 a month |
| Futures and options | ₹15 per executed order, or unlimited for ₹899 a month |
| Currency | Unlimited for ₹499 a month |
Other ProStocks charges
| Charge | As published by ProStocks |
|---|---|
| DP charge on selling delivery sharesWhen you sell IPO shares | ₹20 per scrip plus 18% GST |
| Call and trade | ₹10 per executed order (intraday and F&O); ₹25 (delivery) |
Sources: ProStocks pricing, read on 23 Oct 2026. GST at 18% applies on brokerage and most charges unless stated. Charges change; check ProStocks'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 ProStocks
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):
| ProStocks brokerage | ₹0.00 |
| GST on brokerage | ₹0.00 |
| DP charge with GST | ₹23.60 |
| Charged by ProStocks | ₹23.60 |
|---|---|
| STT (0.1%) | ₹15.00 |
| Exchange and SEBI charges | ₹0.48 |
| All charges on the sale | ₹39.17 |
ProStocks 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 | ProStocks |
|---|
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 ProStocks
| Mainboard IPOs | Not stated on the pages we checked |
|---|---|
| SME IPOs | Not stated on the pages we checked |
How to apply for an IPO on ProStocks
- Find the IPO. Open the IPO section of the ProStocks 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 ProStocks 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 ProStocks 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 prostocks.com. Sign up on the ProStocks 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 ProStocks account opening charges?
No fee listed (online application). Demat AMC: None; ₹1,000 refundable demat deposit.
What is the ProStocks brokerage on delivery?
₹0 (flat fee plan). Intraday: ₹15 per executed order, or unlimited for ₹899 a month.
What is the ProStocks DP charge?
₹20 per scrip plus 18% GST. The DP charge is collected each time you sell shares from your demat account, including IPO shares.
Can I apply for SME IPOs on ProStocks?
ProStocks's own pages we checked do not say whether SME IPOs can be applied for. Ask ProStocks before the IPO opens.
How do I apply for an IPO on ProStocks?
Open the IPO section of the ProStocks 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 ProStocks?
Selling ₹15,000 of IPO shares costs ₹23.60 in ProStocks brokerage and DP charge with GST, and ₹39.17 in all after STT, exchange and SEBI charges (our calculation).
Is ProStocks registered with SEBI?
Yes. Sunlight Broking LLP is registered with SEBI as a stockbroker, INZ000048660. You can confirm it on the SEBI website.
What is the ProStocks margin trading (MTF) interest rate?
Not stated on the pages we checked.
Is ProStocks 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 ProStocks's own website and do not rate or rank brokers.