Best Demat Account for IPO
Every SEBI-registered broker allows IPO application. The differences are in account opening speed, app UX, account maintenance charges, and reliability during heavy load.
| Broker | |
|---|---|
Upstox Fast account opening (15 min), strong IPO app UX | Open |
Angel One Widest broker network, good for first-timers | Open |
Groww Clean app, popular with millennials, easy UPI | Open |
Zerodha Largest broker; Kite has reliable IPO module | Open |
5paisa Lowest brokerage on equity delivery | Open |
ICICI Direct Bank + demat + trading for ICICI customers | Open |
Links above are affiliate links. We may earn a referral commission at no extra cost to you. Final brokerage and AMC may vary; verify current charges on the broker's site.
Tips for Choosing a Broker
- Open multiple demat accountsin different family members' names to multiply your allotment chances on oversubscribed IPOs.
- UPI mandate reliabilitymatters more than fees — bid rejections happen when the broker's system is slow on busy days.
- Check IPO module UXin the broker's app — some hide the IPO section, others put it front and center.
- AMC matters long-term — if you only apply for IPOs occasionally, pick a zero-AMC broker.