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16.57% 234,546 Clients
Zerodha (Trade with the best stock broker)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Geojit is a full-service broker in India. The broker offers a wide portfolio including various savings and investment options. It offers a 3-in-1 account integrating Demat, trading and bank accounts. Geojit Doesn't offer banking services but has collaboration with Corporation Bank, South Indian Bank and Federal Bank to provide bank account opening facilities.
Geojit allows investors to trade across Equity, Derivatives, Commodity and Currency segments. It also offers mutual fund and IPO bidding facility. As on 30th Sept 2019, the AUM of the company was Rs 38,000 crore. It has more than 10,20,000 active clients and a total of 470 offices.
Geojit charges 0.3% for equity delivery, 0.03% for Intraday and futures trading. For options stock, the broker charges Rs 75 per lot. You can trade with Geojit broker from multiple channel options such as online, offline and call-n-trade facility.
Geojit allows placing IPO bid request online through its Customer Care. Users can try ASBA facility offered by different banks and submit bids with Geojit website.
Geojit provides all the information about an IPO on its website. The Geojit IPO segment contains all the information about new listed, closed, open and forthcoming issues. The retail investors can apply for an IPO online up to Rs 2 lakhs using UPI payment system.
By clicking on the name of IPO you will get the issue related information such as issue price, size, date, lead managers, and other related information.
Geojit allows IPO application through ASBA channel. You need to have a bank account with self-certified syndicate banks to apply for an IPO. Here is the process to apply an IPO:
If you are allotted shares on allotment date, you will get the shares' credited in your Demat account. You can sell the shares from your Demat account by placing sell request through Geojit Trading Account. The IPO shares can only be sold after the IPO is listed on the stock exchange. The process to sell IPO shares is same as selling any other share.
To invest in an IPO with Geojit, an investor will need the following account:
If you are investing in an IPO for a long-term perspective, you may not need a trading account at the time of applying in an IPO.
No, Geojit doesn't charge any fees for IPO application. You just need to pay the investment amount. The amount is locked in your bank account until the shares are allotted. If you get allotment then the amount is debited from your account, else it is released.
Zerodha (Trade with the best stock broker)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Information on this page was last updated on Tuesday, August 2, 2022
Zerodha (Trade with the best stock broker)
Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
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