SEBI-registered brokers

Open a Demat Account to Apply for IPOs

To apply for any IPO you need a Demat and trading account with a SEBI-registered broker. Compare the options below, open an account in minutes, and apply online using the UPI mandate or ASBA facility.

Popular

Angel One

Open Free Demat Account

Zero brokerage on equity delivery and a smooth UPI-based IPO application flow. Full-service research and advisory built in.

  • Free equity delivery
  • UPI IPO application
  • In-app research
Open Account
Most trusted

Zerodha

Brokerage-Free Equity Investing

India's largest retail broker. Free equity delivery, clean interface via Kite, and IPO applications directly through the Console dashboard.

  • ₹0 equity delivery
  • Apply via Console
  • Largest client base
Open Account
Fast KYC

Upstox

Low-Cost Discount Broking

Quick paperless onboarding and flat ₹20 brokerage on intraday and F&O. Apply for IPOs in a few taps using the UPI mandate.

  • ₹20 flat brokerage
  • Paperless KYC
  • UPI IPO application
Open Account
Beginner-friendly

Groww

Simple Investing App

A clean, beginner-focused app for stocks, mutual funds and IPOs. Straightforward IPO discovery and one-tap UPI applications.

  • Easy for first-timers
  • Stocks + mutual funds
  • One-tap IPO apply
Open Account
Value

5paisa

Ultra Low-Cost Trading

Flat per-order pricing and a wide product range. Apply for mainboard and SME IPOs online with the ASBA/UPI flow.

  • Flat per-order fee
  • Mainboard + SME IPOs
  • Multi-asset platform
Open Account
For traders

Dhan

Modern Trading Platform

A fast, trader-first platform with free delivery investing and quick IPO applications via UPI, plus advanced charting tools.

  • Free delivery
  • Advanced charts
  • Quick IPO apply
Open Account
Disclaimer: Broker links may be referral or affiliate arrangements. IPOGMPTracker is not a broker and does not provide investment advice. Brokerage plans, offers and features are set by each broker and may change — please verify current details on the broker's official website before opening an account. Investments in securities are subject to market risks.