Stocks in the National Food Authority (NFA) depositories, however, plummeted by 44.8 percent to 114,910 MT.

Source: https://business.inquirer.net/394704/philippine-rice-corn-inventory-shrank-in-january

This comes after Sebi has done extensive back-testing and simulations by all stakeholders including stock exchanges, sponsor banks, NPCI, depositories and registrars in respect of various key activities involved in the public issue process.

Source: https://www.financialexpress.com/market/ipo-news/sebi-proposes-to-cut-down-ipo-listing-timeline-to-3-days-from-6-days/3095264/

To my knowledge and experience, depositories don’t charge application fees nor do they charge any closing costs.

Source: https://www.dailybreeze.com/2023/01/05/home-equity-lines-second-mortgage-lending-spikes-as-consumer-debt-soars/