Now since NSDL IPO is just a Month away from us, Here is my during DRHP Filing way back 👍 NSDL IPO - 389 Pages DRHP is Really Worth Reading if Time Allows You to do so. If Time doesn't allow then here is All Important Summary from 389 Pages Name of CDSL Appears 122 Times in DRHP & Why it Shouldn't as it is the Only Available Peer. Now let's talk Every Important Aspect Pointwise Point I - Shareholding Pattern • NSDL is a No Promoter Company & as on DRHP Date, There are 76 Public Shareholders •• Top 12 Shareholders hold 93.33% Stake in the Company ••• Out of These 12, Half the Number is Reducing their Stake while half to remain as it is Point II - Listing Deadline • SEBI's In Principle Approval Require it to list till July, 2025 •• Company's Principal Shareholders IDBI Bank & NSE are Required to Dilute their Stake in NSDL Point III - Company's Segmental Growth & Degrowth • Depository Revenue dropped from 71.77% of Total Revenue in 2021 to 40.03% in 2023 •• Revenue from Banking Services Jumped from 13.59% of Total Revenue in 2021 to 52.91% in 2023 ••• Database Management Revenue Dropped from 14.64% in 2021 to 7.06% in 2023 Point IV - Most Interesting NSDL v/s CDSL as on 31 March, 2023 • NSDL Number of Demats 3.15 Crore while CDSL 8.30 Crore •• NSDL Revenue 1,099.81 Crore While CDSL Revenue 620.94 Crore ••• NSDL PAT of 234.81 Crore v/s CDSL PAT 275.96 Crore •••• NSDL EPS 11.74 Per Share v/s CDSL EPS 26.41 Point V - Few Interesting Points • T+2 Settlement was Started in 2003 & T+1 Settlement Started in 2023, Twenty Long Years •• Equity Investment in India is just 1.90% of Overall Household Financial Assets, Long way to Go👍 ••• As on 31 March, 2023 Total Unlisted Companies at NSDL is 31,245 while 12,623 at CDSL One Area where NSDL has big Edge over CDSL is FIIs, 99.99% of FII Holding is through NSDL Note : All Figures are taken from NSDL DRHP Filed on 7th July, 2023, Some Typing Error Possible