shareholding-pattern-analysislisted

# Shareholding Pattern Analysis (India) Filed quarterly under SEBI LODR Regulation 31, within 21 days of quarter end. It is the most under-read high-signal document in Indian markets: it shows what owners *did*, not what management *said*. ## The structure | Category | What it contains | |---|---| | **(A) Promoter and Promoter Group** | Indian and foreign promoters, promoter-group bodies corporate, trusts | | **(B) Public** | Institutions and non-institutions | | — Institutions | Mutual funds, AIFs, banks, insurance companies, FPIs, NBFCs, pension funds | | — Non-institutions | Individuals (split at ₹2 lakh nominal share capital), NBFCs, trusts, NRIs, bodies corporate | | **(C) Non-Promoter Non-Public** | Shares held by employee trusts, ESOP trusts, depository receipts | Plus mandatory annexures: shares pledged or otherwise encumbered, shares in dematerialised form, and a list of shareholders holding more than 1%. ## What to build Track at least 8 quarters: ``` | Quarter | Promoter % | Pledge % of promoter | FPI % | MF % | Insurance % | Retail % | # of retail holders | ``` Derive: ``` Free float % = 100 − promoter % − non-promoter non-public % Free float market cap = market cap × free float % Institutional % = MF + FPI + insurance + banks + AIF + pension Pledge (as % of total equity) = promoter % × pledge % of promoter holding ``` ## The signals, ranked ### 1. Promoter stake change - **Promoter selling into strength** while guiding for growth is the