Please find enclosed the Monitoring Agency Report for the quarter ended March 31, 2026
POLICYBZR · price
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ICICI Bank Limited, the monitoring agency for PB Fintech's November 2021 IPO, has filed its Q4 FY2026 report confirming no deviations in the utilization of IPO proceeds totaling Rs 36,126.85 million (approximately Rs 3,613 crore). As of March 31, 2026, the company has utilized Rs 33,915.57 million (~94% of proceeds), with Rs 2,211.28 million remaining unutilized. During the quarter, Rs 1,902.04 million was deployed through subsidiaries Policybazaar Insurance Brokers and Paisabazaar Marketing for consumer growth initiatives. An overseas investment of Rs 309.21 million was made in Genesis Group Limited via a wholly-owned subsidiary for international expansion. All five object categories show either full or near-full utilization, with Rs 4,264.81 million still allocated to strategic investments and acquisitions.
The filing indicates clean utilization of IPO funds with no regulatory deviations — a positive signal for investor confidence. The remaining Rs 2,211.28 million will be deployed by the extended deadline of March 31, 2026, as approved by shareholders via postal ballot in March 2025.