Hello
I wanted to know about the various costs that an investor pays when he successfully subscribes in an Indian IPO.
For example
If I want to invest Rs.100,000 (max limit) in ABC Ltd IPO, and I get full allotment for 100,000, then what would be the various charges...
1. Brokerage @delivery trade...varies from firm to firm
2. Service Tax @12.36% of brokerage
3. STT @0.125% of the turnover
Are there more charges such as Stamp Duty or any other and whether they are mandatory as well.
PLease comment...
Thanks
I wanted to know about the various costs that an investor pays when he successfully subscribes in an Indian IPO.
For example
If I want to invest Rs.100,000 (max limit) in ABC Ltd IPO, and I get full allotment for 100,000, then what would be the various charges...
1. Brokerage @delivery trade...varies from firm to firm
2. Service Tax @12.36% of brokerage
3. STT @0.125% of the turnover
Are there more charges such as Stamp Duty or any other and whether they are mandatory as well.
PLease comment...
Thanks