How to Open Demat Account in India (2026 Guide): Zerodha, Groww, Angel One & Upstox

How to Open a Demat Account in India: The Ultimate 2026 Guide

To invest in the Indian stock market or apply for the profitable Mainline and SME IPOs we track here at WatchIPO GMP, you must have a Demat and Trading Account. With the entire process now digital, you can open an account in under 15 minutes using just your Aadhaar and PAN card.

In this 2026 guide, we provide precise, step-by-step instructions for opening accounts on India's most popular platforms: Zerodha, Groww, Angel One, and Upstox.

⚠️ Prerequisite: Ensure your Mobile Number is linked to your Aadhaar Card. This is mandatory for the OTP-based e-Sign process used by all platforms.

📄 Documents Required Checklist (2026)

Before you begin, keep soft copies (photos/PDFs) of these documents ready on your phone or laptop. This list applies to all platforms:

Document	Purpose
PAN Card	Mandatory Identity Proof
Aadhaar Card	Address Proof & e-Sign
Bank Proof	Cancelled Cheque, Passbook, or Bank Statement (with IFSC/MICR code)
Signature	Photo of your signature on white paper
Income Proof (Optional)	Salary Slip or 6-month Bank Statement (Only needed if you want to trade F&O)

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1. Zerodha (Kite)

Zerodha remains India's largest discount broker in 2026, favored by serious traders and long-term investors.

Step-by-Step Process:

• Sign Up: Visit the Zerodha website or download the 'Kite' app. Enter your mobile number and verify via OTP.
• PAN & DOB: Enter your PAN details and Date of Birth to fetch your KYC status from the central registry (KRA).
• Pay Fees: Pay the account opening fee (approx ₹200 for equity) via UPI or Net Banking.
• Aadhaar KYC: Complete the DigiLocker verification by entering your Aadhaar number and OTP.
• Bank Details: Enter your bank account number and IFSC code. This bank will be linked for all your fund transfers.
• IPV (In-Person Verification): A unique code will appear on your screen. Write it on a piece of paper and take a selfie video holding it.
• e-Sign: Click 'e-Sign', enter your Aadhaar again, and verify with the OTP from NSDL.

Activation Time: Usually 24-48 hours.

2. Groww

Groww is popular among beginners for its incredibly simple interface and free account opening.

Step-by-Step Process:

• Login: Download the Groww app or go to the website. Sign in using your Google (Gmail) account.
• PAN Verification: Enter your PAN number. Groww will display your name; confirm it.
• Personal Details: Enter basic info like Occupation, Income, and Parents' names.
• Bank Verification: Enter your IFSC code and Account number. Groww will deposit ₹1 to verify your account instantly.
• Photo & Video: Take a quick selfie and a short video reading a script provided on the screen.
• Signature: You can sign directly on the mobile screen using your finger (no paper needed).
• Aadhaar e-Sign: Finalize the process by entering your Aadhaar-linked OTP.

Activation Time: often activated within a few hours.

3. Angel One

Angel One (formerly Angel Broking) is a full-service broker offering free equity delivery trades.

Step-by-Step Process:

• Register: Enter your Name, Mobile Number, and City on the Angel One sign-up page.
• KYC Fetch: Enter PAN and DOB. Share your Aadhaar details via DigiLocker.
• Personal Info: Upload your PAN card image and Bank Statement (if required for F&O).
• Selfie Verification: Click the "Start Camera" button to record a short IPV video.
• E-Sign: You will be redirected to the NSDL page. Enter your Aadhaar number and the OTP received on your mobile.

4. Upstox

Backed by Ratan Tata, Upstox is a robust platform known for its 'Pro' trading features.

Step-by-Step Process:

• Mobile & Email: Sign up with your contact details and verify OTPs.
• PAN Entry: Enter PAN and Date of Birth. If you are already KRA compliant, many steps are skipped automatically.
• DigiLocker: Connect your DigiLocker account to share Aadhaar details securely.
• Bank Linking: Add your bank details. Upstox may credit ₹1 to verify the account.
• Signature & e-Sign: Upload a photo of your signature and complete the NSDL e-Sign process using Aadhaar OTP.

Conclusion: Which Account Should You Choose?

• For Long-Term Investors & IPOs: Zerodha is the industry leader with a clean interface.
• For Beginners: Groww offers the smoothest, paperless experience with zero account opening fees.
• For Traders: Angel One and Upstox provide advanced charts and margin facilities.

Once your account is active (usually within 24 hours), you can immediately start applying for the upcoming IPOs we list on this site.

📈 Check Latest IPO GMP Now

Disclaimer: This guide is for educational purposes. Brokerage charges and processes may change. Please check the respective broker's official website for the latest terms.

SME IPO Mega Update: Jungle Camps, Dhanlaxmi, Pajson & Stanbik GMP, Allotment & Review

SME IPO Mega Watch: Allotment Updates & New Reviews (Dec 2025)

The Indian primary market is witnessing a relentless surge in Small and Medium Enterprise (SME) IPOs. While Mainboard IPOs grab headlines, the real action—and volatility—is happening in the SME segment. In this comprehensive update, we cover the status of four critical IPOs that every investor should have on their radar: Jungle Camps India, Dhanlaxmi Crop Science, Pajson Agro India, and Stanbik Agro.

Whether you are waiting for allotment results or deciding where to park your capital next, this guide breaks down the IPO GMP Today, subscription figures, and listing expectations for each.

🚀 Quick Market Snapshot (Dec 12)

• Jungle Camps: GMP hitting 83% premium. Allotment expected tomorrow.
• Dhanlaxmi Crop: Allotment OUT. Listing on Dec 16.
• Pajson Agro: Subscription Open (Day 2).
• Stanbik Agro: Subscription Open (Day 1).

1. Jungle Camps India IPO: The "Jackpot" Issue?

Status: Closed | Allotment: Dec 13 | Listing: Dec 17

Jungle Camps India has emerged as the star of December. With a business model focused on experiential tourism and wildlife resorts, it tapped into the post-pandemic travel boom. The subscription numbers were staggering, with the total issue subscribed over 277 times, driven by massive HNI interest.

Jungle Camps IPO GMP Today

The Grey Market Premium reflects the scarcity of shares. With such high subscription, allotment will be a lottery.

Metric	Details
Current GMP	₹60 per share
Issue Price	₹72
Est. Listing Price	₹132 (₹72 + ₹60)
Listing Gain	~83.33%
Profit Per Lot	₹96,000 (Approx) on 1 Lot

What Next? The allotment is expected to be finalized on Friday, Dec 13. Investors should keep their PAN numbers ready to check the status on the Skyline Financial Services website.

2. Dhanlaxmi Crop Science: Allotment & Listing Strategy

Status: Allotment Out | Listing: Dec 16 (Monday)

The allotment for Dhanlaxmi Crop Science was finalized on December 12. This agro-chemical company saw a robust demand, subscribed over 66 times in total, with the retail portion fully booked.

Listing Day Forecast (Dec 16)

While not as explosive as Jungle Camps, Dhanlaxmi offers a solid listing gain potential.

• GMP Today: ₹29 - ₹40 per share.
• Listing Estimate: The stock is expected to list in the range of ₹85 - ₹95 (against an issue price of ₹55).
• Strategy: If you have received an allotment, consider booking partial profits (50%) on listing day if the stock opens above ₹90. The agro-sector is cyclical, and locking in 60%+ gains is a prudent strategy.

📊 Check Live GMP Dashboard

3. Pajson Agro India: Review (Open Now)

Status: Open | Closes: Dec 15 | Price: ₹112-118

Moving to active IPOs, Pajson Agro India is currently open for subscription. The company processes raw cashew nuts for domestic and export markets. Unlike the previous two, the sentiment here is cautious.

Financial Health & GMP Analysis

Parameter	Data Points
GMP Trend	₹0 - ₹9 (Flat to Low)
Subscription (Day 1)	1.08x (Fully Subscribed)
P/E Ratio	10.11x (Attractive compared to peers)
Minimum Investment	₹1,34,400 (1 Lot)

Review: Neutral / High Risk. While the P/E ratio of 10x is attractive compared to peers like Krishival Foods (78x), the low GMP suggests the market isn't expecting immediate fireworks. This is a play for investors who understand the cashew processing commodity cycle. Avoid for listing gains; Apply only for long-term holding if you trust the sector.

4. Stanbik Agro IPO: The "Penny" SME (Open Now)

Status: Open | Closes: Dec 16 | Price: ₹30 (Fixed)

Stanbik Agro stands out because of its low fixed price of ₹30 per share. It operates in contract farming and B2B agricultural supply. However, a low price often attracts inexperienced investors who mistake "cheap price" for "value."

Why You Should Be Careful

• Zero GMP: As of today, there is absolutely no activity in the grey market (GMP ₹0).
• Lot Size Risk: The lot size is 4,000 shares (some sources say 8,000 for retail min application), requiring a heavy investment of ₹1,20,000 to ₹2,40,000. Being stuck with 4,000 shares of an illiquid stock is a major risk.
• Financials: Revenue doubled in FY25 to ₹52 Cr, but the base is small.

Verdict: AVOID. Unless there is a sudden spike in QIB interest by December 16, the liquidity risk outweighs the low entry price. There are better opportunities in the market.

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Conclusion: Where to Invest?

The SME market is currently offering two extremes:

1. High Reward: Jungle Camps and Dhanlaxmi (for those who got allotted).
2. High Risk: Stanbik Agro and Pajson Agro, which are struggling to generate grey market interest.

For the latest updates on these GMPs as they change hour-by-hour, bookmark our dashboard.

Disclaimer: The **IPO GMP** figures quoted here are based on market rumors and are for educational purposes only. We are not SEBI-registered investment advisors. Please consult your financial advisor before bidding.

HRS Aluglaze SME IPO: GMP IPO Today, Subscription Status & Listing Date

HRS Aluglaze IPO GMP Today & Subscription Status

The **HRS Aluglaze Ltd IPO** is a construction sector SME issue specializing in aluminum glazing and façade engineering. The issue opened on December 11 and closes on December 15, 2025. Initial subscription rates suggest low enthusiasm, making the **IPO GMP Today** crucial for final-day applications.

This post covers the essential details, the low initial demand, and the risk analysis for this SME listing.

⏳ Subscription Status: As of Day 2, the overall subscription rate is low (1.8 times), driven mostly by retail interest.

HRS Aluglaze IPO GMP Today

The current **GMP IPO** is subdued, reflecting the low subscription numbers. Investors are waiting for institutional buyers to step in.

Metric	Value (Dec 12, 2025)
Current IPO GMP	₹5 - ₹8 (Estimated)
Price Band	₹94 - ₹96 per share
Lot Size	1,200 Shares

Subscription Status Update (Day 2 Data)

The issue has not been fully subscribed in all categories yet, making it a high-risk bet for retail investors.

Category	Subscription (Times)
QIB	1.1x
NII (HNI)	1.4x
Retail Investors	2.7x
Total	1.8x

Financials and Risks

HRS Aluglaze operates in the construction material supply chain, which is heavily dependent on the real estate sector. Its P/E ratio is quite high at 35.9x, suggesting a premium valuation.

Recommendation: Given the high P/E and the low final-day demand, this IPO carries significant risk. Only investors willing to take a high risk for moderate gains should consider applying. The low **IPO GMP Today** suggests a flat listing is probable. [Internal Link: Link to your 'GMP Today' comprehensive post.]

📊 CHECK ALL GMP RATES

Disclaimer: This content is for informational purposes only. Consult a financial advisor.

Ashwini Container Movers SME IPO: IPO GMP Today, Review & High-Risk Listing Forecast

Ashwini Container Movers SME IPO: GMP IPO Today & Risk Review

The SME market sees another logistics player, Ashwini Container Movers Ltd, launch its public issue today, **December 12, 2025**. Specializing in containerized cargo transportation, the company is aiming to capitalize on the infrastructure boom. However, the SME space demands careful due diligence.

This post analyzes the current **IPO GMP Today**, the high-risk nature of the SME segment, and the financial outlook for Ashwini Container Movers.

⚠️ SME IPO Opens: Ashwini Container Movers IPO is open for subscription from today, December 12, until December 16, 2025.

Ashwini Container Movers IPO GMP Today

Initial Grey Market Premium for Ashwini Container Movers is showing negligible activity, which is common for new SME listings. The **GMP IPO** is currently neutral.

Metric	Value (Dec 12, 2025)
Current IPO GMP	₹0 (Flat)
Price Band	₹135 - ₹142 per share
Lot Size	1,000 Shares
Minimum Investment	₹1,42,000

Subscription Status & Timeline

The subscription has just begun, and the initial numbers will be vital for the **IPO GMP** trend over the weekend.

Close Date	December 16, 2025
Allotment Date	December 17, 2025 (Tentative)
Listing Date	December 19, 2025 (Tentative)

Financial & Risk Analysis

The logistics sector is highly competitive and susceptible to volatile fuel prices. Ashwini Container Movers plans to use the IPO proceeds for purchasing new trucks and reducing debt, which are positive uses of capital.

Valuation: At the upper price band, the P/E ratio is competitive at approximately 13.9x, which is often considered fair for the logistics segment.

Key Risk: The biggest risk is **SME Liquidity**. Since you must sell in lots of 1,000 shares, exiting a position quickly if the stock hits a lower circuit can be very difficult. Investors must have a high-risk appetite for this issue.

Final Verdict on Subscription

Given the flat **IPO GMP Today** and the inherent risks of SME listings, this IPO is suitable only for experienced investors seeking a small-cap opportunity. New investors should **AVOID** due to the liquidity constraints. [Internal Link: Link to your 'SME vs Mainline' educational post.]

📊 CHECK LIVE GMP FOR ASHWINI MOVERS

Disclaimer: This post is for educational purposes. Consult a SEBI registered investment advisor before investing.

ICICI Prudential AMC IPO: GMP Today, Financial Review & Verdict

The market is bracing for one of the largest public issues of the year: the ICICI Prudential Asset Management Co Ltd IPO. With an issue size exceeding ₹10,600 Crores, this Mainboard IPO is a landmark event. As the subscription window opens today, investors are keenly monitoring the initial **IPO GMP** to gauge market appetite.

This comprehensive post provides the latest **GMP IPO Today** update, a deep dive into the AMC's financial strength, and our final verdict on whether to subscribe to this behemoth issue.

💡 Live Insight (Dec 12): Initial subscription shows a total subscription of 0.7 times, driven by institutional interest. Retail subscription is currently low (0.2x).

ICICI Prudential AMC IPO GMP Today (Mainboard)

Due to the issue's massive size and premium pricing, the Grey Market Premium often starts muted for such large financial institutions. The current **IPO GMP Today** indicates a cautious start.

Metric	Value (Dec 12, 2025)
Current IPO GMP	₹15 - ₹35 (Estimated)
Price Band	₹2,061 - ₹2,165 per share
Estimated Listing Price	₹2,190 (Approx)
Lot Size	6 Shares

IPO Dates & Investment Details

This issue is open for subscription for five days, providing ample time for investors to place their bids. The minimum investment is slightly higher due to the premium share price.

Open Date	December 12, 2025
Close Date	December 16, 2025
Minimum Retail Investment	₹12,990 (6 Shares @ ₹2,165)
Listing Date	December 19, 2025 (Tentative)

Financial Review: Why ICICI AMC?

ICICI Prudential AMC is one of the largest and most trusted AMCs in India, managing vast Assets Under Management (AUM). This makes it a strong "proxy play" on the growth of India's mutual fund industry.

• **Scale & Trust:** The ICICI brand name provides immense trust and distribution reach, which is irreplaceable.
• **Profitability:** The company boasts high margins typical of the fee-based AMC business model. Its P/E ratio stands at approximately 36.6x, which is in the mid-range for the sector.
• **Subscription Status:** As of now, institutional investors have bid for 2.0 times their reserved portion, showing strong QIB interest.

Final Verdict: Apply or Avoid?

Given the low initial **IPO GMP** but extremely strong fundamentals, the verdict is bifurcated:

Verdict: SUBSCRIBE for Long Term. Listing gain seekers may find better quick returns in SME IPOs. However, this is a premium, high-quality stock. Investors with a 3+ year horizon should **Apply** to capitalize on the secular growth of India's capital markets. [Internal Link: Link to your 'What is IPO GMP' educational post.]

📈 VIEW LIVE IPO GMP & ESTIMATED LISTING PRICE

Disclaimer: This content is for informational purposes only. Consult a SEBI registered investment advisor before trading.

Wakefit IPO Allotment Out: How to Check Status & Listing Prediction

Wakefit IPO Allotment Status: Direct Link & Listing Gains Prediction

Posted: December 12, 2025

The bidding for the Wakefit Innovations IPO has closed, and the data is in. With the subscription window ending on Dec 10, investors are now anxiously waiting for the allotment status.

As of today, December 12, 2025, the registrar (MUFG Link Intime) has finalized the basis of allotment. Did you get the shares? And if you did, will they list at a premium on Monday?

Wakefit IPO: Final Subscription Numbers

The response was lukewarm compared to the SME frenzy we saw earlier this year.

• Overall Subscription: 2.52x
• Retail Portion: 3.17x (Decent retail interest)
• QIB Portion: 3.04x
• NII Portion: 1.05x

How to Check Wakefit IPO Allotment Status

Follow these steps to check if you have been allotted shares. You will need your PAN number.

Method 1: The Registrar Website (Link Intime)

1. Visit the official portal: Link Intime Allotment Status
2. Select "Wakefit Innovations Ltd" from the dropdown menu.
3. Enter your PAN, Application No, or DP Client ID.
4. Click "Search".

Note: If you see "Record Not Found," it implies either the data is updating or you were not allotted shares. Refunds will be initiated today (Dec 12).

Method 2: BSE Website

1. Go to BSE India IPO Status.
2. Select Issue Type: Equity.
3. Select Issue Name: Wakefit Innovations Ltd.
4. Enter PAN and Application Number.

Listing Prediction for December 15

The IPO lists on Monday, December 15, 2025. Based on the current Grey Market Premium (GMP), here is what we expect:

Metric	Value
Issue Price	₹195 per share
Current GMP (Dec 12)	₹0 - ₹1
Estimated Listing Price	₹195 - ₹196
Listing Gain/Loss	Flat to Marginal Gain

Our Verdict

The GMP signals a flat listing. Since the QIB subscription was not aggressive (only 3x), big funds are not chasing this stock for immediate gains. If you are allotted shares, this is likely a long-term hold play rather than a listing pop.

What Next?

If you didn't get an allotment, don't worry. The Zepto IPO is around the corner in 2026, and we are tracking it closely. Bookmark WatchIPOGMP.in for the latest updates.

Disclaimer: This post is for informational purposes only. GMP is not an official indicator. Please consult your financial advisor before trading.

Zepto IPO 2026: GMP, Price Band, and Launch Date

Zepto IPO 2026: The Next Big Thing in Quick Commerce?

Last Updated: December 12, 2025

The Indian primary market is bracing for one of the most anticipated listings of the decade. Zepto, the quick-commerce unicorn that disrupted the grocery delivery space, has officially converted into a public company, setting the stage for a massive Initial Public Offering (IPO) in 2026.

With competitors like Zomato (Blinkit) and Swiggy already making waves in the public markets, all eyes are on Zepto's valuation and Grey Market Premium (GMP). In this detailed review, we analyze the company's financials, expected dates, and whether you should save your capital for this mega issue.

Zepto IPO Details: At a Glance

IPO Name	Zepto Ltd (Upcoming)
IPO Date (Tentative)	June - August 2026
Expected Issue Size	$450 - $500 Million (Approx ₹4,000 Cr)
Fresh Issue	Majority Component (Growth Capital)
Valuation Target	~$7 Billion+
Listing Exchanges	BSE, NSE

Zepto IPO GMP (Grey Market Premium) Trends

Even though the Draft Red Herring Prospectus (DRHP) is yet to be fully cleared, the unlisted market is buzzing. Investors are tracking the Zepto IPO GMP closely as a signal of institutional interest.

Current Status (Dec 2025): The GMP is currently speculative as the issue price is not fixed. However, early unlisted shares are trading at a premium, reflecting the company's rapid revenue growth (28% jump in FY25).

The Financial Health Check

Before applying, look beyond the "10-minute delivery" hype. How is the balance sheet?

• Revenue Growth: Zepto clocked a massive revenue of ₹1,305 Cr in FY25 (Projected), showing strong adoption in Tier-1 cities.
• Burn Rate: Like most startups, it is loss-making (Net Loss ~₹35 Cr in FY25), but the losses are narrowing compared to previous years.
• The "Moat": Unlike generic e-commerce, Zepto's dark store network is highly optimized for density, giving it better unit economics than early entrants.

Risk vs. Reward Analysis

Why You Should Watch This IPO (Pros)

• Sector Tailwinds: Quick commerce is eating into traditional retail market share in India.
• Market Position: It is the fastest homegrown player to cross ₹1,000 Cr in total income.

The Risks (Cons)

• Valuation Concerns: At $7 Billion, the pricing might be steep, leaving little on the table for retail investors (similar to the Paytm debut).
• Competition: Fierce battles with Blinkit and Swiggy Instamart mean high marketing spends will continue.

Conclusion: Should You Apply?

The Zepto IPO will be a high-risk, high-reward play. If you missed out on Zomato's multi-bagger run, this is your second chance to enter the quick-commerce space. However, we recommend waiting for the official Price Band announcement in early 2026 before making a decision.

Stay tuned to WatchIPOGMP.in for live GMP updates as soon as the DRHP is filed.