Pentacle Consultants I Limited
DRHP · filed 06 Oct 2026
This is a draft. SEBI has not cleared it, there is no final price yet, and it may never become an IPO.
Pentacle Consultants I Limited is a company that provides services for projects undertaken in India and overseas, with a significant portion of its revenue derived from government and government-related entities. The offer consists of a fresh issue of 106.698 crore, with no offer for sale component. The company's financial trajectory shows a shift in revenue sources, with private sector revenue increasing from 0.75% in Fiscal 2024 to 69.36% in Fiscal 2026, largely due to overseas projects in the UAE. The most material risks include high customer concentration, as 99.25% of revenue in Fiscal 2024 was from government-related entities, and high geographic concentration, with 100% of revenue in Fiscal 2024 and 62.52% in Fiscal 2026 derived from India.
Partial analysis — some sections could not be read from the document (found: capitalisation, cover, litigation, objects, price_basis, promoters, related_party, risks).
What stands out
Risk factor. A significant portion of revenue is derived from projects awarded by government and government-related entities, accounting for 99.25% of revenue from operations in Fiscal 2024, 58.61% in Fiscal 2025, and 30.64% in Fiscal 2026.
Risk factor. A significant portion of revenue is derived from projects undertaken in India, constituting 100.00% of revenue from operations in Fiscal 2024, 71.92% in Fiscal 2025, and 62.52% in Fiscal 2026.
Risk factor. A significant portion of revenue is derived from customers located in Maharashtra, representing 99.31% of domestic revenue from operations in Fiscal 2024, 69.54% in Fiscal 2025, and 50.05% in Fiscal 2026.
Primarily fresh capital. 100% of the offer is fresh issue, so most proceeds fund the company.
How the offer is structured
Fresh issue
₹107 Cr
New capital into the company
OFS share
0%
- Funding payment of cash purchase consideration for the proposed acquisition of SIDL₹22.2 Cr
- Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by our Company₹6.5 Cr
- Funding our incremental working capital requirements₹19.9 Cr
- Funding inorganic growth through unidentified acquisitions and general corporate purposes
Promoters, litigation & related parties
Promoter (pre)
70.8%
Risks the company discloses
A significant portion of revenue is derived from projects awarded by government and government-related entities, accounting for 99.25% of revenue from operations in Fiscal 2024, 58.61% in Fiscal 2025, and 30.64% in Fiscal 2026.(Customer Concentration)
A significant portion of revenue is derived from projects undertaken in India, constituting 100.00% of revenue from operations in Fiscal 2024, 71.92% in Fiscal 2025, and 62.52% in Fiscal 2026.(Geographic Concentration)
A significant portion of revenue is derived from customers located in Maharashtra, representing 99.31% of domestic revenue from operations in Fiscal 2024, 69.54% in Fiscal 2025, and 50.05% in Fiscal 2026.(Geographic Concentration)
The contribution of private sector revenue increased from 0.75% of revenue from operations in Fiscal 2024 to 41.39% in Fiscal 2025 and further to 69.36% in Fiscal 2026, primarily due to the commencement and execution of overseas projects in the UAE.(Customer Concentration)
The increase in contribution from the private sector during Fiscal 2025 and Fiscal 2026 was primarily attributable to the revenue generated from projects undertaken in the UAE.(Geographic Concentration)
Revenue from projects undertaken in India constituted approximately 62.52%, 71.92% and 100.00%, respectively, of total revenue from operations for Fiscal 2026, Fiscal 2025 and Fiscal 2024.(Geographic Concentration)
Revenue from projects undertaken in overseas markets constituted 37.48% of revenue from operations in Fiscal 2026 and 28.08% in Fiscal 2025, as against no revenue from overseas projects in Fiscal 2024.(Geographic Concentration)
Revenue from projects undertaken in Maharashtra represented approximately 50.05%, 69.54% and 99.31%, respectively, of domestic revenue from operations for Fiscal 2026, Fiscal 2025 and Fiscal 2024.(Geographic Concentration)
No dimension score is published for this filing. Too few sections could be read from the document to score it without guessing, and a score built on two fields would say more about our extraction than about the company.