Best brokers

Best Brokers for Applying to IPOs in India (2026)

These brokers publish IPO applications as a product.

By the Indian Broker Test editorial desk · Published 8 July 2026 · Data last reviewed 14 November 2026 · Independent

Brokers that qualify

• Alice Blue

  Price-sensitive algo traders exploring beyond the biggest names.

  Delivery: ₹20 or 2.5% per order (whichever is lower)
  Intraday: ₹20 or 0.05% per order (whichever is lower)
  AMC: ₹0 (zero AMC)

  ✓ IPOZero AMCFree APIMCX commodityMutual funds

  Charges · Calculator

• Angel One

  Traders who want flat-fee pricing plus research, or a free multi-language API.

  Delivery: ₹20 or 0.1% per order (whichever is lower), minimum ₹5
  Intraday: ₹20 or 0.1% per order (whichever is lower), minimum ₹5
  AMC: Free first year, then ₹60 + GST per quarter (non-BSDA)

  ✓ IPOFree APIMCX commodityMutual fundsResearch deskPublished speed

  Charges · Calculator

• Dhan

  Options traders and TradingView users who want modern tooling at flat-fee pricing.

  Delivery: ₹0 (free)
  Intraday: ₹20 or 0.03% per order (whichever is lower)
  AMC: ₹0 (individuals & HUFs)

  ✓ IPOFree deliveryZero AMCFree APITradingViewMCX commodityPublished speed

  Charges · Calculator

• Fyers

  Chart-driven and algorithmic traders who live in TradingView.

  Delivery: ₹20 or 0.3% per order (whichever is lower)
  Intraday: ₹20 or 0.03% per order (whichever is lower)
  AMC: ₹0 (zero AMC)

  ✓ IPOZero AMCFree APITradingViewMCX commodityPublished speed

  Charges · Calculator

• Groww

  Beginners and long-term investors who want one simple app for stocks and mutual funds.

  Delivery: ₹20 or 0.1% per order (whichever is lower), minimum ₹5
  Intraday: ₹20 or 0.1% per order (whichever is lower), minimum ₹5
  AMC: ₹0

  ✓ IPOZero AMCMutual fundsPublished speed

  Charges · Calculator

• IIFL Securities

  Investors who want a full-service broker with in-house research and wide product coverage.

  Delivery: 0.25% per order (Investor Plan - Online Plus, per official rate card)
  Intraday: 0.025% per order (Investor Plan - Online Plus)
  AMC: Free first year, then ₹250 + GST per year

  ✓ IPOMCX commodityMutual fundsResearch deskPublished speed

  Charges · Calculator

• Kotak Neo (Kotak Securities)

  Kotak Bank customers wanting integrated broking with research.

  Delivery: 0.20% per order (Trade Free); 0.10% on Trade Free Pro (₹249/month)
  Intraday: ₹10 or 0.05% per order (whichever is lower)
  AMC: Not Disclosed

  ✓ IPOFree APIMCX commodityMutual fundsResearch deskPublished speed

  Charges · Calculator

• Paytm Money

  Paytm users who want investing and broking inside one ecosystem.

  Delivery: ₹20 per order (accounts opened on or after 25 Aug 2023)
  Intraday: ₹20 per order (flat)
  AMC: ₹0 demat AMC (per official site)

  ✓ IPOZero AMCMutual funds

  Charges · Calculator

• Pocketful

  Algo-curious traders willing to try a newer platform.

  Delivery: ₹0 (free; ₹0.01 minimum per order)
  Intraday: ₹20 or 0.03% per order (whichever is lower)
  AMC: ₹0

  ✓ IPOFree deliveryZero AMCFree APIMutual fundsPublished speed

  Charges · Calculator

• Sahi

  Active F&O and intraday traders who want the lowest flat per-order fee and modern charting.

  Delivery: ₹10 or 0.05% per order (whichever is lower)
  Intraday: ₹10 or 0.05% per order (whichever is lower)
  AMC: ₹0

  ✓ IPOZero AMCMCX commodityPublished speed

  Charges · Calculator

• Upstox

  Intraday and options traders who prioritise app speed and a free API.

  Delivery: ₹20 per order (flat)
  Intraday: ₹20 or 0.1% per order (whichever is lower)
  AMC: ₹0 first year, then ₹300 + GST per year

  ✓ IPOFree APIMCX commodityMutual fundsPublished speed

  Charges · Calculator

Next step: narrow it down by cost on the cost leaderboards, or see every feature side by side in the feature matrix.

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