PB Fintech has recorded a substantial block trade on the National Stock Exchange (NSE), highlighting significant institutional activity in the fintech major's shares. The transaction represents one of the notable equity deals in the financial services sector.

Block Trade Details

The NSE block trade executed by PB Fintech demonstrates considerable market interest in the company's equity. The following table summarizes the key parameters of this transaction:

Market Significance

Block trades are typically executed by institutional investors, mutual funds, or large stakeholders looking to buy or sell significant quantities of shares without impacting the regular market price discovery mechanism. Such transactions often indicate strategic portfolio rebalancing or substantial investment decisions by major market participants.

The execution of this block trade at Rs. 1499.30 per share reflects the current market valuation and investor sentiment towards PB Fintech's business prospects. The substantial transaction value of Rs. 31.42 crores underscores the scale of institutional participation in the company's equity.

Transaction Overview

The block trade mechanism allows for large volume transactions to be executed efficiently on the exchange platform. For PB Fintech, this transaction represents significant equity movement that could influence the company's shareholding pattern depending on whether it was a buy or sell transaction by existing or new institutional investors.

PB Fintech Limited has filed its quarterly monitoring agency report for Q3FY26, detailing the utilization of proceeds from its initial public offering (IPO) for the quarter ended December 31, 2025. The report, mandated under Regulation 32 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015, was prepared by ICICI Bank Limited serving as the monitoring agency.

IPO Proceeds Utilization Overview

The company's IPO, conducted from November 1-3, 2021, raised ₹57,097.15 million through equity shares. After revisions and finalization of expenses, the total proceeds allocated for specific objects amount to ₹36,126.85 million.

Object-wise Fund Allocation and Progress

The monitoring agency report reveals the current status across all five stated objects of the IPO:

The company has fully utilized funds allocated for brand enhancement, strategic investments, and general corporate purposes. The remaining unutilized amount of ₹2,211.28 million is primarily from growth initiatives (₹1,902.07 million) and international expansion (₹309.21 million).

Object Modifications and Timeline Extension

During the quarter ended March 31, 2025, PB Fintech altered its IPO objects and extended the utilization timeline to March 31, 2026, through a special resolution approved via postal ballot. The modifications included reallocating ₹4,235.19 million from strategic investments and international expansion towards growth initiatives to expand the consumer base including offline presence.

Deployment of Unutilized Proceeds

The unutilized IPO proceeds of ₹2,211.28 million have been invested in fixed deposits with scheduled commercial banks:

Compliance and Monitoring Agency Assessment

ICICI Bank Limited, as the monitoring agency, confirmed that all utilization aligns with disclosures in the offer document. The agency reported no deviations from the stated objects, no changes in means of finance, and no unfavorable events affecting object viability. All required government and statutory approvals related to the objects have been obtained.

General Corporate Purposes Utilization

The ₹7,626.85 million allocated for general corporate purposes has been fully utilized, primarily for salary expenses (₹7,613.79 million) and rent expenses for call centers and non-retail operations (₹13.06 million). This represents complete deployment of funds designated for operational requirements.

The monitoring agency report confirms PB Fintech's adherence to regulatory requirements and proper utilization of IPO proceeds in accordance with stated objectives, with the remaining funds securely invested until deployment.