Best Stockbrokers for IPO investments in 2021

Stockbrokers for IPO investments

  • Upstox Stock Broker.
  • Axis Direct Stock Broker.
  • IIFL Securities Stock Broker.
  • HDFC Securities Stock Broker.
  • Motilal Oswal Stock Broker.


Upstox is a brokerage firm with their office across the nation. They have established themselves well in the market and with so many services being offered by them, they have won the faith  and trust of their clients and are raring to go. Upstox is by far the best Stockbroker for IPO investments and also one of the best discount broker like Zerodha.

Axis Direct

Axis Direct is a subsidiary of the Axis bank which is India’s third largest and one of the leading private sector banks. It was started in December, 2005 and since its inception, it has evolved to become a full fledged provider of financial services. The focus of the company lies on its productivity and efficiency and it strives to deliver positive results. Axis Direct is one of the best Full service Stockbroker for IPO investments.

IIFL Securities

IIFL Holdings Limited(formerly known as India Infoline Limited) was established by Nirmal Jain and R. Venkatraman in 1995 in Mumbai, India. Since its inception, it has evolved into one of the leading players in the financial services arena.

The IIFL brand associates itself with trust, knowledge and quality services. The focus lies on the core domain of financial services while continuing to adapt to the dynamic business environment. One can invest in IPO through IIFL Securities website or mobile application.

HDFC Securities

From last few decades,  HDFC Securities has emerged as one of the leading stock broking companies in India. HDFC Securities has evolved to be one of the most reliable financial service providers for the Indian  customers.

It was founded in in the year 2000. Initially it was a joint venture between the HDFC Limited, the HDFC Bank Limited and the Indocean eSecurities Holdings Limited. It is involved in stock broking services and in the distribution of many financial products in last few decade. HDFC Securities is maybe the best Full service Stockbroker for IPO investments.

Motilal Oswal Securities

Motilal Oswal Financial Services Ltd. was established by Motilal Oswal and Raamdeo Agrawal in 1987 in Mumbai, India. Since its inception, it has evolved into one of the leading players in the financial services arena. 

This company provides all trading and investment solutions ranging from equities to insurance under one roof. The products include equities, derivatives, commodities, currencies, mutual funds, PMS (Portfolio Management System), IPOs, insurance, fixed income, etc. All the products are backed by customized solid research and advice.

Why Stockbroker for IPO investments?

IPO offerings are hard to comprehend and finding out information is even harder. That’s why you should listen to your stockbroker because they will have more information regarding IPO investments.

During the dotcom days, investors could invest in an IPO and expect guaranteed returns. There were always companies who were delivering large profits and a lot of investors invested in them. However they too started disappointing and the clever investors got out before much damage could be caused.

So, these investments too were not a sure thing, no investment is. There is still profit to be made in IPOs but one has to focus on the long-term rather than the short term. Then again, finding a good IPO is another difficult task.

Here’s Why You Should Listen To Your Stockbroker For IPO Investments

1. Objective Research

It is extremely difficult to procure information about companies who have decided to go public from private, simply because private companies are not swarmed by analysts. But, there is no need to worry as you should listen to what your stockbroker has to say about it.

Good stockbrokers know when a private company will be going public and they will have the necessary information to decide for you whether or not to go for it. Their research will let you know whether this IPO offering is worth it or not.

2. Strong Brokers

Listen to what your stockbroker has to say. Being a broker themselves, your stockbroker will be aware of other quality stockbrokers as well. So when a company is going public, they require a broker who will bring them public.

Generally speaking big brokerage companies bring in quality IPOs, but your stock broker will know better about whether or not it is a dud IPO and will help you invest in it if it is a large firm that is bringing the company in.

3. Red Flags

Your stockbroker will help you spot the red flags in an IPO offering so listen to them carefully. They will probably advise you against it if they see that the company is going to use your investment as loan repayment or buying equity from founders or other investors.

A company that has to issue stock to repay loans is a red flag in itself. Your broker will probably advise you to go for IPOs where the company is raising money for research, marketing or other productive purposes that will provide a much-needed boost.

4. Timing

For the regular investor, it is also difficult to figure out when an IPO offering is going to happen. Let your stockbroker know that you are interested in investing in IPO offerings, and they will get back to you with the IPO offerings that are scheduled to take place in the near future.

Timing is crucial especially when IPOs are concerned as you require other information too, regarding the company offering the IPO, which your stockbroker will provide after conducting their research.

You do not need time out of your busy schedule to research yourself as your stockbroker can help you with all of that, but do pay heed and take caution even when your stockbroker is giving you advice. Do not follow it blindly and let your good sense prevail!

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges.

As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. Past performance of securities/instruments is not indicative of their future performance. This post is only for Educational purpose.

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