Best Brokers for IPO Investment in India (2024)

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Best Brokers for IPO Investment in India (1)

IPO (Initial Public Offering) provides a great investment opportunity to risk-savvy investors to make IPO listing gains or get long-term benefits. It is the reason why some investors only invest in IPOs. To apply for an IPO, you must have a Demat account with any broker, so the first question that raises your eyebrows is who are the best brokers for IPO investment? The report provides you with a list of the top 10 Best IPO brokers to open a Demat account to invest in IPO.

Best Brokers for IPO Investment

  1. Direct IPO Apply process through UPI: UPI is the most preferred route to purchase IPO online. Thus, before selecting the best brokers for IPO, you must ensure that your broker provides such a facility. Some top discount brokerage firms such as Zerodha, Upstox, etc. allows IPO investment through the UPI payment gateway. Some prominent brokers also provide Pre-IPO application facility to allow users to apply for an IPO 3 to 4 days before the IPO opening date.
  2. Free or Zero Brokerage charges: Many top brokerage firms charge nil brokerage fees on IPO investment. Thus, users must look for free IPO investment brokers. You should also check the brokerage plan whether your broker charges flat brokerage or % based brokerage on trading in other segments like equity, F&O, commodity, and currency. So that, in the future, you can start online trading across segments at the lowest brokerage fee.
  3. Mobile App: Your broker must provide an IPO application window on their mobile app, so that, users can simply log in to the mobile platform and apply for IPO instantly using their phone.

Based on the above parameters, we have ranked the top 10 or the best brokers for IPO investment in India. You can consider the below brokerage houses to open a Demat & Trading account and apply for IPO online.

Best Brokers for IPO Investment in India

BrokerDeliveryIPO ApplicationAccount OpeningDemat AMCReviewRequest Callback
ZerodhaFreeFreeOnline Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com)Rs 300 PABest Brokers for IPO Investment in India (2)Open Account Best Brokers for IPO Investment in India (3)
Upstox2.5% or Rs 20 whichever is lower FreePromotion offer: FreeFreeBest Brokers for IPO Investment in India (4)Open Account Best Brokers for IPO Investment in India (5)
5paisaFlat Fee Rs 20FreeFreeRs 300 PABest Brokers for IPO Investment in India (6)Open Account Best Brokers for IPO Investment in India (7)
Groww0.05% or Rs 20 whichever is lowerFreeFreeFreeBest Brokers for IPO Investment in India (8)Open Account
ProStocksFreeFreeFreeRs 0 (Rs 1000 Refundable Deposit)Best Brokers for IPO Investment in India (9)Open Account Best Brokers for IPO Investment in India (10)
Paytm Money2.5% or Rs 20 whichever is lowerFreeFreeFreeBest Brokers for IPO Investment in India (11)Open Account Best Brokers for IPO Investment in India (12)

Zerodha Trade@20

Want to start your investment journey, join India’s Pioneer Discount Broker – ZERODHA – Free Delivery Trade, Maximum Rs 20 for F&O and Intraday, Free Direct Mutual Fund investment.Open Zerodha Account

FyersFreeFreeFreeFreeBest Brokers for IPO Investment in India (13)Open Account Best Brokers for IPO Investment in India (14)
Nuvama WealthFlat Rs. 10 per executed orderFreeFreeLite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]Best Brokers for IPO Investment in India (15)Open Account Best Brokers for IPO Investment in India (16)
Alice BlueFreeFreeFreeRs 400 PABest Brokers for IPO Investment in India (17)Open Account Best Brokers for IPO Investment in India (18)
Angel OneFreeFreeFreeRs 240 PA (Waived for 1st year)Best Brokers for IPO Investment in India (19)Open Account Best Brokers for IPO Investment in India (20)

Best Brokers for IPO Investment – Final Verdict

Discount brokers are the best for IPO investment that offers free IPO apply facility at zero brokerage charges. Zerodha is the best broker for IPO investment that allow its customers to apply for IPO online using UPI on the console reporting dashboard on Kite web and app. Upstox, 5paisa, Groww, Paytm Money are the other top brokerage houses offering online IPO investment facility to users.

FAQs

To Invest in IPO, you need to open a Trading and Demat account with your choice of broker. Once your account is activated, you can apply in IPO through UPI following the below steps;

  1. Login to your trading account.
  2. Go to "IPO" section.
  3. Among the list of open IPOs, click on the "Apply for IPO" respective to the IPO of your choice.
  4. Enter IPO bid details like price, quantity, etc.
  5. Provide your virtual BHIM UPI ID address.
  6. Recheck and submit the IPO Bid.
  7. Now, you will receieve a payment request on your UPI app, accept the request to authorize the payment.
  8. Once done, you have successfully applied for an IPO and the amounts get freeze in your bank account.

Discuss this Question

Zerodha is India’s number one broker for IPO investment that offers online trading & investment in equity, F&O, commodity, and currency. It is ranked on the top as the best broker for IPO due to the following reasons;

  • Free IPO Application at 0 brokerage.
  • Online Apply IPO through UPI.
  • Apply in IPO online using console reporting platform on Kite web or mobile app.
  • 20 flat brokerage on intraday and F&O trades.
  • Zerodha Varsity, a free stock market learning platform.

Discuss this Question

If you are only an IPO investor, then you can consider top discount brokerage firms to open a Demat and trading account and invest in IPOs online using UPI payment gateway mechanism. Below are some of the best IPO brokers in India;

  1. Zerodha Broking Ltd.
  2. Upstox Stock Broker.
  3. 5paisa Stock Brokerage firm.
  4. Groww Stock Broker.
  5. Paytm Money.

All of the recommended brokers allow zero brokerage IPO investment through their mobile app and web based trading platform.

Discuss this Question

5paisa App is the best mobile app to apply in IPO. The smart user interface enabled mobile trading app is an highly advanced and easy to use platform for beginners to invest in IPO in a seamless manner. The 5paisa app provides comprehensive IPO details including company overview, financials, IPO objective, important documents like DRHP and RHP, live IPO subscription status, and all IPO related news coverage and blogs. 5paisa customers can place multiple IPO bids, get IPO offering alerts, and timely IPO notifications on the app to stay notified about upcoming IPOs. Zerodha Console IPO application platform on the Kite app, and Upstox Pro app are the other two best mobile apps to invest in IPO.

Discuss this Question

Looking to the growing demand of IPO among retail investors, many brokers have now started offering pre-IPO apply facility to allow users to place an early IPO application before its actual opening date. Once the IPO opens for subscription, the broker sends the bid details to the respective exchange. Here is a list of best pre-IPO brokers in India;

  1. Upstox: Upstox not just offers Pre-IPO Apply feature but also facilitates customers to apply or pre-apply in an IPO using Whatsapp.
  2. Paytm Money: Paytm Money app platform has a Pre-open IPO Applications window feature to allow users to apply in an IPO 24*7 before its opening date. The platform provides comprehensive IPO application features such as IPO apply on a single click, track live IPO subscription, and apply under the shareholder category.
  3. Groww: Groww, an online discount broker allows users to make pre-IPO apply order on the Groww app.
  4. Fyers: In Feb 2022, Fyers has introduced pre-apply for IPO feature to facilitate customers to apply for an IPO 24*7 once the Pre Apply option is enabled.

Discuss this Question

Yes, if you do not use UPI then you can apply in IPO through ASBA or Net-banking (without UPI) process that was the only route to purchase IPO till 2019. In this process, you can invest in IPO through your bank's net banking portal. This is an indirect method wherein you provide your bank account details to your bank to apply for IPO. Noted that Demat account will be still required to hold shares in the dematerialized form.

Discuss this Question

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Best Brokers for IPO Investment in India (21)
By Popular Share Brokers

Best Brokers for IPO Investment in India (22)Zerodha

Free Eq Delivery & MF
Flat ₹20 Per Trade

Open AccountReview

Free Equity Delivery
Flat ₹20 Per Trade in F&O

Open AccountReview

Best Brokers for IPO Investment in India (24)KotakSecurities

Free Account Opening
FREE Intraday Trading (Eq, F&O)

Enquire Now

Best Brokers for IPO Investment in India (25)Upstox

Flat ₹20 Per Trade
Free Demat Account

Enquire Now

Best Brokers for IPO Investment in India (26)NuvamaWealth

Full-service @ Flat Rate
Flat ₹10 Per Trade

Get FREE Account

Best Brokers for IPO Investment in India (27)PaytmMoney

Free MutualFund Investment
Max ₹20 Per Trade in F&O

Open FREE Account Now!

Best Brokers for IPO Investment in India (28)5Paisa

FREE Account Opening
Trade at Flat ₹20 per Trade

GET FREE DematAccount

Best Brokers for IPO Investment in India (29)Fyers

Free Eq Delivery Trades
Flat ₹20 Per Trade in F&O

Open Instant Account

Best Brokers for IPO Investment in India (30)AliceBlue

Flat ₹15 Per Trade
Most Popular Commodity Broker

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Best Brokers for IPO Investment in India (31)

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Best Brokers for IPO Investment in India (32)

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Best Brokers for IPO Investment in India (2024)

FAQs

Best Brokers for IPO Investment in India? ›

You can apply for an IPO both online and offline. If you wish to apply for an IPO offline, you need to submit a form to your IPO banker or broker to initiate the process. On the other hand, when applying for an IPO online, you need to log in using the trading interface provided by your banker or broker.

Which brokerage account is best for IPO? ›

Best brokers for IPO in 2024
  • E*TRADE. IPO score: 4.9/5.
  • SoFi Invest. IPO score: 4.9/5.
  • TradeStation. IPO score: 4.8/5.
  • IPO score: 3.9/5.
  • IPO score: 3.0/5.
  • Merrill Edge. IPO score: 3.0/5.
  • Ally Invest. IPO score: 3.0/5.
  • Interactive Brokers. IPO score: 3.0/5.

Which IPO is best to buy in India? ›

TOP PERFORMING IPOs
IPO NameLTP ()CHG (%)
Owais Metal and Mineral Processing Ltd707712.64
Alpex Solar Ltd510.75344.13
KP Green Engineering Ltd557.1286.88
Rudra Gas Enterprise Ltd210233.33
6 more rows

How can I invest in IPO in India? ›

You can apply for an IPO both online and offline. If you wish to apply for an IPO offline, you need to submit a form to your IPO banker or broker to initiate the process. On the other hand, when applying for an IPO online, you need to log in using the trading interface provided by your banker or broker.

What is the best way to buy IPO? ›

To invest in IPO shares, you must first open a Demat account as well as a trading account. Only Demat accounts are typically required to purchase shares in an IPO. However, if you wish to sell those IPO shares to a secondary market in the future, you will need to both open a Demat account and a trading account.

Is there any brokerage for IPO in Zerodha? ›

Zerodha doesn't charge any fee for applying in IPO. As Zerodha offers brokerage-free equity delivery trades, they don't charge any commission when you sell allocated IPO shares through Zerodha. Note: When selling IPO shares through Zerodha, you still have to pay government taxes and demat debit transaction changes.

Which IPO has highest return? ›

Best 10 IPOs of India (By Listing Gains)
#Issue NameListing Day Gain / Loss (%)
1Sigachi Industries Limited270.40
2Vibhor Steel Tubes Limited192.72
3Paras Defence And Space Technologies Limited185.00
4Religare Enterprises Limited182.00
6 more rows

What is the hottest IPO in 2024? ›

"Astera has been one of the hottest IPOs we've seen in 2024, capitalizing on the growing investor demand for all things artificial intelligence," says Brianne Lynch, head of market insight at EquityZen in New York.

What is the next big IPO? ›

What are some of the upcoming IPOs in 2024-25? Different types of upcoming IPOs will be listed in 2024-25. Some of them are as follows: Jyoti CNC Automation Limited IPO, PharmEasy IPO, Snapdeal IPO, Fabindia Limited IPO, MobiKwik IPO, Ixigo IPO, Go Airlines IPO etc.

Can NRI buy IPO in India? ›

NRIs can subscribe to Initial Public Offerings (IPOs) if they have an NRE/NRO account. You do not need a PINS account to invest in IPOs.

Is IPO a good investment in India? ›

IPOs are excellent opportunities to make quick money or gain long-term profits. However, before investing in an IPO, you must analyze certain factors, such as the issuing company's fundamentals, offer objectives, valuation, and grey market premium.

Can NRI invest in Tata IPO? ›

For an NRI to apply to an IPO, they need to Login > IPO Section > Select respective IPO > Apply. The process is the same as Resident.

Which is safest broker in India? ›

Top 18 Stock Brokers in India
  • ICICI Direct. The ICICI Direct which is a part of ICICI Securities ranks number one in the full-service stockbrokers' list. ...
  • Angel Broking. ...
  • Alice Blue. ...
  • blinkX By JM Financial Services. ...
  • Shoonya. ...
  • Zerodha. ...
  • HDFC Securities. ...
  • 5Paisa.
Mar 10, 2024

Which brokers are banned in India? ›

Sr. NoNameWebsite
1Alparihttps://alpari.com
2Anyfxhttps://anyfx.in
3Ava Tradehttps://www.avatrade.com
4Binomohttps://binomoidr.com/in
73 more rows

Which brokerage has lowest fees in India? ›

Examples of brokers with Lowest brokerage charges in India include Zerodha, Angel One & Kotak Securities . These platforms often appeal to traders and investors seeking cost-effective options with transparent fee structures, providing a variety of financial instruments at competitive rates.

Do I need trading account for IPO? ›

Well, you don't need a trading account for an IPO. However, if you want to sell the shares you have been allotted through an IPO, you will need to have a trading account. So it's a good idea to have a trading account before you apply for an IPO.

Is there any brokerage in IPO? ›

Yes, investors can go for the IPO purchase without help from the broker. However, they must have a Demat account and trading account to proceed. While applying for the IPO, an investor doesn't require much help if they have the most relevant ideas about the stock market investment.

Can you buy IPO on Fidelity? ›

We are able to provide access to a broad range of IPOs, thanks to our relationships with investment banks that underwrite IPOs and allocate some shares to Fidelity Brokerage Services. The lead underwriters allocate the vast majority of IPO shares to institutional investors, like pension funds and mutual funds.

Do you need a broker to buy IPO? ›

Buying an IPO first starts with having a brokerage account. From there, you must ensure you meet the eligibility requirements of the IPO. You will then need to request the shares from your broker. A request does not ensure that you will have access to the shares as brokers typically get a set amount.

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