Top 10 stock brokers in India

Updated on March 20,2017

With the increase in number of stock broker, people have a lot of option to choose from, but still it is not easy to choose. You need to be sure of what is that you want. Some pointers to keep in mind before deciding on the brokers are:-

1) Full service or discount broker: The main difference among them is full service broker would charge you brokerage as a percentage of your trade value(for ICICI it lies between .5% – .9%). while discount broker are much cheaper charging you based on the number of trade. Most of the discount brokers charges between Rs 15 to Rs 30 per trade irrespective of the trade volume. So if you are going to trade multiple times a month, go for a discount broker rather than a full service one. To understand there difference better, please have a look at the video below. [Read more…]

Zerodha review

Zerodha is India’s first and largest online discount broker operating from 2009. It was started by Mr Nithin Kamath who was himself a trader before starting Zerodha. Besides low cost which most of the discount Brokers are known for, Zerodha is also credited for its technology initiatives which it brings first to the markets.

Zerodha trading software
Desktop Based Trading: Zerodha has finally in July 2015 released its next generation platform called ‘Pi’ which was long awaited. This is one of the most advanced charting software provided by any brokZerodha Discount Broker reviewer in India and best thing it is free of cost to all the clients who open account with them. In Pi you can view up to 50,000 candles, various chart types, over 70 indicators, inbuilt strategies and can even create your own strategies; back test them, trading directly from chart, quick order entry screen with many more options. Here are few screenshot of their awesome platform
[Read more…]

Lowest brokerage charges in India

Traditionally in India share brokers used to charge a certain percentage value of trade(for ex. ICICIdirect charges .5% for delivery based trading) . So if you were a trader or a large investor, you ended up paying a huge brokerage on your transaction. Most of the trader and large investor ended up paying brokerage worth lakhs of rupees. These type of brokers are know as traditional or full service brokers. Most of the retail investor were also using them for trading needs as these brokers where mostly linked with your bank like ICICIdirect with ICICI bank and it was very easy to open and manage account with them.

But in last few years, [Read more…]

Best trading platform in india

With the new trading platforms coming to India, Indian traders and investor  have a choice  to choose the best trading platform which matches there needs. Before deciding on the trading platform, the trader should be very clear about there needs and if the system they are buying will fulfill there needs. Just to give you some example. for some technical traders charting is the most important feature in the platform while for some it may be market calls or bulk order facility. [Read more…]

Cochin Shipyard IPO allotment status

Cochin Shipyard IPO allotment status will be available soon. The IPO allotment is expected to take place within 6 working days from the closing of the issue on August 3rd. The allotment status should be available by August 9th and it should start trading from August 10th.

Once the issue is allotted you can check the status here just by providing your PAN card number, application number of Client ID. Just select the option of Application Status, from the drop down select Cochin Shipyard IPO and check by providing your PAN Card Details.

The link is slow as lot of people are trying to access it. Please be patient and wait for it to open.




Check your application status

Interested in paying low Brokerage while trading in stocks, check our Top 10 list of Stock brokers in India.

Do check this page again once the Allotment is done. You can check the status just by your PAN card number, Application number or DP ID/Client ID of the applicant.

Note: The Cochin Shipyard IPO allotment is at the sole discretion of Registrar of the company.

 

Cochin Shipyard IPO review – Things to know

In India, Cochin Shipyard Limited is the largest public sector shipyard in terms of dock capacity.  Cochin Shipyard Limited is coming up with an IPO. They are going to introduce their initial public offer which will hit the primary market on 1st August, 2017 and closes on 3rd August, 2017. The company aims to raise around Rs. 1,468.11 crore by offering shares at Rs 424 – Rs 432 Per Equity Share. They are offered discount of Rs 21 to RII and Employee. So the discounted price band for Retail and Employee is Rs 403 – Rs 411. [Read more…]

SIS IPO allotment status

SIS IPO allotment status will be available soon. The IPO allotment is expected to take place within 6 working days from the closing of the issue on August 2nd. The allotment status should be available by August 9th and it should start trading from August 11th.

Once the issue is allotted you can check the status here just by providing your PAN card number, application number of Client ID. Just select the option of Application Status, from the drop down select SIS IPO and check by providing your PAN Card Details.

The link is slow as lot of people are trying to access it. Please be patient and wait for it to open.

Check SIS IPO application status

Interested in paying low Brokerage while trading in stocks, check our Top 10 list of Stock brokers in India.

Do check this page again once the Allotment is done. You can check the status just by your PAN card number, Application number or DP ID/Client ID of the applicant.

Note: The SIS IPO allotment is at the sole discretion of Registrar of the company.

 

SIS IPO review – Details you should know

Security and Intelligence Services (India) Limited is provider of private securities and facility management services in India as well as in Australia too. Security and Intelligence Services (India) Limited are coming up with an IPO. They are going to introduce their initial public offer which will hit the primary market on 31st July, 2017 and closes on 2nd August 2017. The company aims to raise around Rs.362.25 crore by offering shares at Rs 810 – Rs 815 Per Equity Share. For this issue offer for sale is of 5,120,619 Equity Shares. [Read more…]

Wipro Buyback offer – Things you should know

In this season of Buybacks, WIPRO is the latest one to come with a Buyback after successful buyback of Mphasis, TCS and HCL Tech. Wipro is bringing one of the largest buyback offer (BO) worth Rs 11,000 crore. We will try to explain in detail how the Buyback offer work and what should you see before going ahead with a buy back offer.

The WIPRO BO was announced on 20th July after market hours when the price was around 270. The next day because of the offer, the price jumped to Rs 286. The buyback offer is for Rs 320. Some of you may question as to why the price did not reach Rs 320 or closer to it, thus removing the arbitrage opportunity. To understand this better, you have to understand how the buyback works.

How Buyback of shares work ?

So a buyback purchase back shares in two bracket. Any buyback have 15% reserved for retail investor and 85% for non retails investor which includes promoters, MF, FII, DII etc. In most of the previous buyback, retails portion in undersubscribed, leading to 100% acceptance ratio. But non retail part which have very large number of share, get an acceptance of around 10%. So if they have 1 lakh share, only 10,000 would be brought back. Because of this, the price doesn’t converge at the buyback price as soon as it is announced. Also, majority of share are held by non retail category, so the price of the buyback never converge as not everyone can sell on that price.

How is WIPRO Buyback for retail investor ?

In case of WIPRO, total buyback is for 34 Cr shares which is 7.06% of the equity. Of this, 15% or 5.1 Cr share would be brought from small investor with less that 2 lakh worth of holding. As per the shareholding data on March 31, 4.8 Cr share are held by investor who have 1-5000 shares. And someone who has 5000 share have a holding of almost 25 lakh, pre bonus which is much higher than 2 lakh. So actual number as per my guess who have holding of less than 2 lakh would be close to 2 Cr share compared to 5.1 Cr buyback. But as lot of people are becoming aware of this BO, many retail investor are taking a new position is WIPRO before the buyback date in announced. So it is a possibility that number of share held by small investor could be more than 5.1 Cr shares.

In case this happens, there would be a proportionate buy back. So if 10Cr share are tendered for buyback for retail investor, 50% would be brought back and you would end up holding the rest. There is a little chance of this happening but we want you to know the risk before taking any decision of whether you should go ahead with the buyback.

How to offer share for Buyback

Offering shares for Buyback is very easy.

Most of the full service broker provide tendering share for BO online. You can just visit online trading platform and once the offer start, you can offer than for Buyback.

In case of discount brokers, you have to mail then with the offer form you will receive from the registrar that you want to tender the shares. They will send your TRS(Transaction registration slip) telling that the share are offered for tendering.

Once you tender the share, the same would be deducted from your Demat account. Once the offer end, the registrar will see how many shares are tendered and based on which it would be decided on what percentage of your shares would be brought back.

Once it is decided, you will receive the money minus the brokerage and STT. Rest of the shares would be refunded back to your Demat account.

The process by itself for tendering the shares is very easy. You can do it completely online with the need to visit anyone.

Should you apply for the Buyback

Anyone who is holding the stock for long term and have net holding of Rs 2 lakh, this buyback make lot of sense. If you are someone who is planning to buy shares now, when the price is almost 292, the buyback leaves you with around Rs 28 or around 9.5% return in around 3 month time ( times it take to complete the BO), but in case 100% of shares are not brought back, then the return would be lower than 9.5%. Also, there would be a 15% short term tax payable if you are buying shares now and selling before a year, so net return is closer to 8%.

Hope we have answered all your question about BO. In case you have any more questions, let us know and we will try to answer then in detail.

We would not recommend anything here. We are not SEBI registered advisor and would request you to take advice from a registered advisor before taking any trades. We cannot be held liable for any loss arising because of this.

 

Salasar IPO allotment status

Salasar Techno Engineering Ltd IPO allotment status will be available soon. The IPO allotment is expected to take place within 6 working days from the closing of the issue on July 17th. The allotment status should be available by July 23rd and it should start trading from July 25th. The issue was heavily oversubscribed, so for retails expect 1 lot allotment only.

Once the issue is allotted you can check the status here just by providing your PAN card number, application number of Client ID. Just select the option of Application Status, from the drop down select Salasar Techno Engineering Ltd IPO and check by providing your PAN Card Details.

The link is slow as lot of people are trying to access it. Please be patient and wait for it to open.

Check your application status

If not available on the above link, you should be able to find the application status here

Check Salasar Techno Engineering Ltd  IPO allotment status

Interested in paying low Brokerage while trading in stocks, check our Top 10 list of Stock brokers in India.

Do check this page again once the Allotment is done. You can check the status just by your PAN card number, Application number or DP ID/Client ID of the applicant.

Note: The Salasar Techno Engineering Ltd IPO allotment is at the sole discretion of Registrar of the company.

 

Au Financiers IPO review – What you should know

Au financiers Limited are non-banking finance company (“NBFC”) who serves mainly low and middle income individuals and businesses.  Au financiers Limited are coming up with an IPO. They are going to introduce their initial public offer which will hit the primary market on 28th June 2017 and closes on 30th June 2017. The company aims to raise around Rs. 1912 crore by offering shares at Rs.355 – Rs.358 per Equity Share. Out of 1912 crore up to 1,000,000 equity shares are reserved by employees, so basically issue size is 1876.74 crore.

Au Financiers IPO details

About Company

Au financiers Limited was originally incorporated as ‘L.N. Finco Gems Private Limited’ on January 10, 1996. Au financiers Limited are Jaipur, Rajasthan based firm. They are a non-banking finance company (“NBFC”) who mainly provides services to the people of low and middle class along with small businesses those have limited or no access to formal banking and finance channels.au_financiers_IPO_details

Au financiers Limited works in three business lines which are:

  1. Vehicle finance – They divide the vehicles finance into several categories of vehicles:
  • MUVs
  • cars
  • small commercial vehicles
  • light commercial vehicles
  • medium and heavy commercial vehicles
  • tractors
  • three wheelers
  • two-wheelers
  • Construction equipment.

They also finance the purchase of pre-owned vehicles. Loan tenures for their vehicle finance loans are up to five years.

  1. Micro, small and medium enterprises (“MSMEs”) loans- As part of their MSME loans business, they primarily extend loans to micro and small manufacturing firms, service enterprises and traders. Loan tenures for their MSME loans are up to 12 years.
  2. Small and medium enterprises (“SMEs”) loans- Their SME loans business extends loans to several types of small and medium sized businesses including HFCs and MFIs. Loan tenures for their SME loans are up to 15 years.

They are categorized as a “Systemically Important, Non-Deposit Accepting Asset Finance Company” (NBFC-ND-AFC) by the Reserve Bank of India. They received a license from the RBI to set up a ‘small finance bank’ (“SFB”) on December 20, 2016 and they are the only NBFC categorized as an asset finance company to obtain such license.

They operate their operations through 300 branches spread across 10 states and one union territory in India, with significant presence in the states of Rajasthan, Gujarat, Maharashtra and Madhya Pradesh and employed 6,092 personnel serving 270,692 active loan accounts till December 31, 2016.

They have access to diverse sources of liquidity, such as term loans and working capital facilities, proceeds from loans assigned and securitized, proceeds from the issuance of non-convertible debentures (“NCDs”) and commercial paper, and subordinated debt borrowings from banks, mutual funds, insurance companies and other domestic and foreign financial institutions to meet their funding requirements.

Competitive Strengths

  • Diversified Product Portfolio and Revenue Streams
  • Customer Centric Organizational Commitment
  • Significant Presence in Rural and Semi-Urban Markets with Focus on Low and Middle Income Customers
  • Robust and Comprehensive Credit Assessment and Risk Management Framework
  • Access to Diversified Sources of Funding over the Years
  • Experienced Management Team and Qualified Operational Personnel.

Strategies

  • Leverage Existing Capabilities and Customer Base as they Transition into a Retail Focused SFB
  • Grow SFB Branch Network in Our Existing Markets
  • Provide a Comprehensive Suite of Banking Services
  • Leverage Technology to Grow Business
  • Enhance Brand Presence

Objects of the Issue:

The objects of the Offer are as follows:
1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges and
2. For the sale of up to 53,422,169 Equity Shares by the Selling Shareholders.

Financial and Competition Analysis

Au Financiers financial details

The revenue has been Rs. 229.85 cr. (FY12), Rs.410.65 cr. (FY13), Rs 565.5 cr. (FY14), Rs 687 cr.(FY15), 1046.9 cr.(FY 16), 1430 cr.(FY17) growing at a CAGR of 46% over a four year period. The profit has been Rs. 37.28 cr. (FY12), Rs.69.35 cr. (FY13), Rs 72.54 cr. (FY14), Rs 139.45 cr.(FY15) and 247.15 cr.(FY 16) and 842 cr.(FY17). The FY 17 profit consist of exceptional income of 670 Cr. It EPS is Rs 11.7 excluding exceptional item based on which the P/E multiple they are asking for is 30.6 ( 358/11.7).

Capital First can be compared to AU financial and they have a multiple of around 28.58. So the IPO seems to be fully priced.

Disclaimer: We are not SEBI registered advisor and this article is not an investment advice. We are not authorized to give investment advice nor do we provide it on this website. In case you are interested in investing, we would advise you to contact your advisor for the same. We cannot be held liable for any loss arising due to investment made as per this article.

CDSL IPO allotment status

CDSL IPO allotment status will be available soon. The IPO allotment is expected to take place within 6 working days from the closing of the issue on June 21st. The allotment status should be available by June 27th and it should start trading from June 30th.

Once the issue is allotted you can check the status here just by providing your PAN card number, application number of Client ID. Just select the option of Application Status, from the drop down select CDSL IPO and check by providing your PAN Card Details.

The link is slow as lot of people are trying to access it. Please be patient and wait for it to open.




Check your application status

If not available on the above link, you should be able to find the application status here

Check CDSL IPO allotment status

Interested in paying low Brokerage while trading in stocks, check our Top 10 list of Stock brokers in India.

Do check this page again once the Allotment is done. You can check the status just by your PAN card number, Application number or DP ID/Client ID of the applicant.

Note: The CDSL IPO allotment is at the sole discretion of Registrar of the company.

 

Eris Lifesciences IPO allotment status

Eris Lifesciences IPO allotment status will be available soon. The IPO allotment is expected to take place within 6 working days from the closing of the issue on June 20th. The allotment status should be available by June 27th and it should start trading from June 29th.

Once the issue is allotted you can check the status here just by providing your PAN card number, application number of Client ID. Just select the option of Application Status, from the drop down select Eris Lifesciences IPO and check by providing your PAN Card Details.

The link is slow as lot of people are trying to access it. Please be patient and wait for it to open.




Check your application status

If not available on the above link, you should be able to find the application status here

Check Eris Lifesciences IPO allotment status

Interested in paying low Brokerage while trading in stocks, check our Top 10 list of Stock brokers in India.

Do check this page again once the Allotment is done. You can check the status just by your PAN card number, Application number or DP ID/Client ID of the applicant.

Note: The Eris Lifesciences IPO allotment is at the sole discretion of Registrar of the company.

 

Tejas IPO allotment status

Tejas Network IPO allotment status will be available soon. The IPO allotment is expected to take place within 6 working days from the closing of the issue on June 16th. The allotment status should be available by June 23rd and it should start trading from June 27th.

Once the issue is allotted you can check the status here just by providing your PAN card number, application number of Client ID. Just select the option of Application Status, from the drop down select Tejas Network IPO and check by providing your PAN Card Details.

The link is slow as lot of people are trying to access it. Please be patient and wait for it to open.



Check your application status

If not available on the above link, you should be able to find the application status here

Check Tejas Network IPO allotment status

Interested in paying low Brokerage while trading in stocks, check our Top 10 list of Stock brokers in India.

Do check this page again once the Allotment is done. You can check the status just by your PAN card number, Application number or DP ID/Client ID of the applicant.

Note: The Tejas Network IPO allotment is at the sole discretion of Registrar of the company.

 

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