Why doesn't Trade Smart Online offer IPO services?

Trade Smart Online is an online discount broker that runs on a low margin business model and leverages technology for trading operations. They offer low brokerage services, at times 60% to 90% lesser than traditional brokers, by cutting down on expenses on branches, human resources and licenses etc.

To offer IPO services, you need to have a license and manpower. The commission on IPOs is small and the expenses are high making it infeasible for discount brokers.

Not only Trade Smart Online, many other discount brokers like Zerodha, Fyers, and Upstox etc., don't offer IPO services.

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