ProStocks, a Mumbai based cheapest stock broker offers 2-in-1 (trading and demat) account to stock traders in India. ProStocks is a discount broker offering fixed unlimited prepaid trading plans (Rs 499 per month for unlimited currency trading or Rs 899 per month for unlimited Equity & Equity Trading in an exchange) and flat fee trading plan where they charge Rs 15 per trade irrespective to the size of the trade in Equity, Equity F&O and Currency F&O segments at BSE and NSE.
ProStocks do not offer IPO though it's online trading platform. ProStocks customers cannot apply IPO online though ProStocks.
This is the same case with all other discount brokers (i.e. Zerodha, RKSV). These brokers are specialized in offering low cost online trading but do not offer many add-ons which traditional broker's (i.e. ICICI Direct, Sharekhan) offers including IPO, Mutual Funds, NCD's etc.
ProStocks customers cannot apply in IPO's though ProStocks. To find other way, please read - How do I invest in IPO with a discount broker?
Information about ProStocks Initial Public Offer, ProStocks IPO, ProStocks Allotment Status, ProStocks Applciation Status, ProStocks ASBA, ProStocks Apply IPO andProStocks Demat.
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