Best Brokers for IPO Investment

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.