PB Fintech’s monitoring agency, ICICI Bank, has released its report for the quarter ended December 31, 2025. The report confirms that the funds raised in the IPO are being utilized as per the offer documents, with no deviations observed. The company has extended the timeline for utilization of funds to March 31, 2026, for certain objects. Unutilized IPO proceeds are invested in fixed deposits and other bank accounts.
IPO Fund Utilization
According to a monitoring agency report dated February 2, 2026, from ICICI Bank, PB Fintech’s IPO funds utilization is in line with the original offer document. As of the end of December 31, 2025 (Q3 FY26), no deviations from the stated objectives have been identified.
Revised Costs and Object Alterations
The company has made some revisions to the costs associated with its objectives. A total of ₹4,235.19 million, previously earmarked for strategic investments and expanding outside India, will now be directed towards new growth initiatives, including offline presence. Timelines for the utilization of certain funds have been extended to March 31, 2026.
Progress on Objectives
As of December 31, 2025, ₹33,915.57 million out of the total IPO proceeds had been utilized, with ₹2,211.28 million remaining unutilized. The unutilized funds are currently invested in fixed deposits and other bank accounts. Significant amounts were allocated to enhancing brand visibility (₹15,000 million), expanding growth initiatives (₹6,083.12 million), and general corporate purposes (₹7,626.85 million).
General Corporate Expenditure
A total of ₹7,626.85 million was allocated for General Corporate Purposes, covering salary expenses and rent expenses.
Source: BSE
