Free in early access. Then a fee only when a trade settles.
Right now ScripX charges nothing: zero commission, zero processing. After early access, a flat 0.40% of face value plus GST, taken once, from a trade that has actually settled. No subscriptions, no listing fees, no minimums.
Every price ships its reasons.
There is no haggling on ScripX. The countdown is the negotiation, and each offer arrives with the maths that made it. Here is a sell offer, line by line.
Your firm bid, built from the SRR
We start from the Scrip Reference Rate for the scheme and expiry band, adjust for the day's market and how far the credit sits from expiry, and lock the result for 60 seconds.
- Benchmarked, not guessed. The Scrip Reference Rate is published every trading day by scheme and expiry band.
- Long-dated pays full. A scrip 652 days from expiry takes no haircut at all.
- Fee is zero in early access. Later it is 0.40% of face plus 18% GST, and it comes out of the proceeds, not your pocket.
The buy leg, and where the spread goes
When you cover a Bill of Entry, you pay a little over the seller's firm bid. That spread is not margin for its own sake: it funds the settlement guarantee and the screening that makes a bought scrip safe to use.
- The spread funds the guarantee. Delivery-versus-payment on ICEGATE and provenance screening on every listing.
- Never above face. Your ask is capped at 100%, so a scrip can never cost you more than its own credit.
- Cheaper than cash. FEFO whole-scrip bundles typically settle 1 to 4% under the cash duty.
Priced by the market, printed on the offer.
The expiry band and lot size move the price, not a hidden desk. These are the same rules the SRR carries, so you can read an offer before you accept it.
Full value. A long-dated scrip has room to be used, so it trades at the published reference rate with no band haircut.
Less 0.18% to 0.35%. A modest step down as the usable window narrows, sized by exactly how close expiry is.
Less 0.60%, and sell-now priority. Close to lapse, a scrip moves to the front of the queue so the credit is realised before it expires.
Plus 0.12% size premium. A larger scrip clears in one clean transfer, and that convenience is paid back to the seller.
₹0 in early access. After that, 0.40% of face value plus 18% GST, charged once, only on a settled trade. It is deducted from proceeds and itemised on the net-realisation statement, so your take-home is never a surprise.
A spread over the seller's bid, +1.20% in the worked example, funds the DvP guarantee and provenance screening. Your ask stays capped at face, and FEFO bundles typically settle 1 to 4% under cash duty.
What the low headline price on a broker chat actually costs.
A scrip sold in a WhatsApp group can look a shade cheaper. Price it whole, with the settlement, the risk, and the paperwork counted, and the picture changes.
- Price by rumour: one number in a chat, no published benchmark to check it against.
- You pay or receive on trust, and the transfer and the money move on someone's word.
- Counterparty risk is yours: a bad seller's history can follow the scrip to you.
- No provenance check on the shipping-bill chain or the seller's IEC before you buy.
- Invoices and GST treatment are your problem to reconstruct at audit time.
- The haggling, the chasing, and the reconciliation are all your effort.
- Price by the SRR, published every trading day by scheme and expiry band, with every offer showing its reasons.
- Atomic DvP: buyer funds lock in a partner-bank virtual account before the scrip moves, payout fires on ICEGATE confirmation with a UTR, in minutes, same day (T+0).
- A failed settlement unwinds and refunds in full the same day. September 2022 notifications shield a bona-fide transferee from a seller's prior defaults.
- Provenance screening before listing: shipping-bill chain, seller IEC history, KYC, and live ledger status.
- Every trade ships a GST invoice and a net-realisation statement, with a per-trade audit pack and full Excel export.
- No haggling. The 60-second countdown is the negotiation, and Autopilot or Auto-Cover can run the rest inside your guard-rails.
Scrip sale is GST-exempt under HSN 4907. See how ScripX handles compliance and trust.
Asked, answered.
No. Listing is free, holding is free, and there is no subscription, no listing fee, and no minimum. A scrip sits in your ledger at no cost until you sell it.
Only when a trade settles. Nothing is billed for a quote, a listing, or an offer you let expire. In early access the settlement fee is zero too. After that, the standard fee is 0.40% of face value plus 18% GST, taken from the proceeds of a settled trade.
On the fee only. The scrip sale itself is GST-exempt under HSN 4907, Notification 02/2017, so no GST attaches to the credit you sell. The 18% applies to the ScripX fee, and every trade ships a GST invoice plus a net-realisation statement showing price, ITC impact, fee, and take-home.
When you cover a Bill of Entry, you pay a little above the seller's firm bid. In the worked example the seller's bid is 98.20% and you pay 99.40%, a spread of 1.20%. That spread funds the DvP settlement guarantee and provenance screening, and your ask is always capped at face, so you never pay above 100%. Cheapest whole-scrip bundles typically land 1 to 4% under cash duty.
No. They are how the market prices a scrip, not a charge ScripX takes. A credit further from expiry is worth more, one close to lapse is worth a touch less, and the reasons are printed on every offer. Scrips beyond 90 days trade at full value.
Talk to a human.
A question about a quote, a settlement, or the API: write to us and a real person replies, usually within a day.
- Exporters: offers, payouts, Autopilot guard-rails.
- Importers and brokers: duty cover, the desk, API access and sandbox keys.
- Anything else: we read everything that arrives.
Prefer email? amin@eximfiles.io
