Best IPO Brokers in India 2026
Compare the top brokers for IPO investments. Find platforms with lowest fees, seamless UPI integration, and quick allotment process.
SEBI Registered
All brokers verified
Instant KYC
Quick account opening
Free IPO
No brokerage on IPO
5 Cr+ Users
Combined user base
Quick Comparison
| Broker | Rating | Account Fee | IPO Brokerage | UPI | ASBA | App Rating |
|---|---|---|---|---|---|---|
Z Zerodha 1.5 Cr+ users | 4.5 | Free | Free | 4.4 | ||
G Groww 1 Cr+ users | 4.4 | Free | Free | 4.5 | ||
U Upstox 80 Lakh+ users | 4.3 | Free | Free | 4.2 | ||
A Angel One 70 Lakh+ users | 4.2 | Free | Free | 4.1 | ||
I ICICI Direct 60 Lakh+ users | 4.1 | Free | Free | 4 | ||
H HDFC Securities 45 Lakh+ users | 4 | Free | Free | 3.9 | ||
P Paytm Money 50 Lakh+ users | 4 | Free | Free | 4.2 | ||
5 5Paisa 40 Lakh+ users | 3.9 | Free | Free | 4 |
Detailed Reviews
Zerodha
Account Opening
Free
IPO Brokerage
Free
Delivery
Free
App Rating
IPO Application Features
Groww
Account Opening
Free
IPO Brokerage
Free
Delivery
Free
App Rating
IPO Application Features
Upstox
Account Opening
Free
IPO Brokerage
Free
Delivery
Free
App Rating
IPO Application Features
Angel One
Account Opening
Free
IPO Brokerage
Free
Delivery
Free
App Rating
IPO Application Features
ICICI Direct
Account Opening
Free
IPO Brokerage
Free
Delivery
0.55%
App Rating
IPO Application Features
HDFC Securities
Account Opening
Free
IPO Brokerage
Free
Delivery
0.50%
App Rating
IPO Application Features
Paytm Money
Account Opening
Free
IPO Brokerage
Free
Delivery
Free
App Rating
IPO Application Features
5Paisa
Account Opening
Free
IPO Brokerage
Free
Delivery
₹20/order
App Rating
IPO Application Features
How to Choose the Best IPO Broker
Selecting the right broker can significantly impact your IPO allotment chances and trading experience.
Application Process
Look for brokers offering seamless UPI mandate and ASBA support for faster bidding.
Brokerage Charges
Most top discount brokers offer ₹0 brokerage on IPO applications. Avoid paying extra.
Account Fees
Check for Annual Maintenance Charges (AMC) and hidden demat account fees.
Platform Quality
A stable mobile app with real-time tracking is crucial for last-minute IPO bids.
Pro IPO Application Tips
Maximize your chances of allotment with these proven strategies.
Review the finalized company analysis and SEBI filings before placing your final bid.
Always apply at the Cut-off Price to ensure your application is valid regardless of the final price.
Ensure you have sufficient funds in your bank account until the allotment process is complete.
Apply using family members' demat accounts to increase the probability of getting at least one lot.