PB Fintech Limited has submitted its Monitoring Agency Report for the quarter ended March 31, 2026, as required by SEBI regulations. ICICI Bank Limited, the appointed Monitoring Agency, has confirmed that there is no deviation from the objects for which the initial public offer (IPO) proceeds were raised. The report, dated May 06, 2026, covers the utilization of funds from the company's IPO, which occurred between November 1 and November 3, 2021. The total issue size was ₹15,709.71 million. The company had previously altered its objects and extended the utilization deadline for the IPO funds to March 31, 2026, through a special resolution and postal ballot on March 16, 2025. ICICI Bank's report indicates that the company has utilized ₹33,915.57 million out of the total IPO proceeds of ₹36,126.85 million as of the end of the quarter. Key areas of utilization include enhancing brand visibility and awareness (₹15,000 million), expanding the consumer base through growth initiatives and offline presence (₹7,985.19 million), funding strategic investments and acquisitions (₹4,264.81 million), expanding presence outside India (₹1,250.00 million), and general corporate purposes (₹7,626.85 million). The report also notes that unutilized proceeds of ₹2,211.28 million remain, with the company confirming that IPO proceeds have been applied as per the offer document's objectives.
