# Pentacle Consultants (I) Limited: IPO analysis > Pentacle Consultants (I) Limited (CIN U71100MH2006PLC165384) has filed a Draft Red Herring Prospectus with SEBI for an IPO comprising a fresh issue of ₹107 Cr and an offer for sale of 21.25 lakh shares. In FY26 it reported revenue of ₹92 Cr (+52.3% on FY25) and a net profit of ₹29 Cr. Promoters hold 70.8% before the IPO. Our fact-check of its claims found 9 medium or high concerns across 63 claims checked. - Page: https://ipo.innerkore.com/company/U71100MH2006PLC165384/pentacle-consultants-i-limited/ - CIN: U71100MH2006PLC165384 - Last updated: 6 Oct 2026 ## Key facts - **Company:** Pentacle Consultants (I) Limited - **CIN:** U71100MH2006PLC165384 - **Filing stage:** DRHP - **Latest SEBI filing:** 6 Oct 2026 - **Fresh issue:** ₹107 Cr - **Offer for sale:** 21,25,000 shares - **Listing on:** BSE, NSE - **Revenue FY26:** ₹92 Cr - **Revenue growth:** +52.3% - **Net profit FY26:** ₹29 Cr - **Revenue CAGR FY24 to FY26:** 74.0% - **Promoter holding (pre-IPO):** 70.8% - **Lead managers:** Socradamus Capital Private Limited - **Registrar:** MUFG Intime India Private Limited - **Fact-check flags:** 1 high, 8 medium, 1 low ## Key signals (read from the filing; not investment advice) - **Growth** (looks fine): 74% a year. Sales FY24 to FY26; latest year +52.3%. - **Profitability** (looks fine): 31.5% net margin. FY26; operating margin improving. - **Debt** (looks fine): 0.24x equity. ₹18.4 crore borrowed at the end of FY26. - **Profit into cash** (concern): -32% of profit. Operations brought in ₹-9.4 crore against ₹28.9 crore of profit in FY26. - **One-off income** (look closer): 18% of profit. Other and one-off income is 18% of pre-tax profit. - **Red flags** (concern): 9 to review. 63 claims checked: 1 high, 8 medium concern. ## Financial snapshot (₹ crore unless stated; consolidated) | | FY24 | FY25 | FY26 | |---|---:|---:|---:| | Sales | 30 | 60 | 92 | | Sales growth | – | 98.9% | 52.3% | | Operating profit | 6.3 | 15 | 33 | | Operating margin | 20.8% | 24.6% | 36.4% | | Net profit | 2.9 | 11 | 29 | | Net margin | 9.6% | 17.5% | 31.5% | | Net worth | 31 | 42 | 75 | | Borrowings | 7.5 | 5.9 | 18 | | Return on equity | 9.4% | 24.8% | 38.4% | ## Use of proceeds (fresh issue) - Funding payment of cash purchase consideration for the proposed acquisition of pfaiX: ₹22 crore - Funding our incremental working capital requirements; and: ₹20 crore - Funding inorganic growth through unidentified acquisitions and general corporate purposes*: amount not fixed yet ## Fact-checked claims - **HIGH** (SubsidiaryPerformance): Clause V of the Memorandum of Association was amended on September 30, 2025 to increase the authorized share capital from ₹10,0 to ₹25,0.. The search results confirm that Pentacle Consultants (I) Limited has filed a DRHP for an IPO and that its authorized capital is mentioned as Rs 10.0 lakhs. However, none of the provided search snippets mention an amendment to Clause V of the Memorandum of Association on September 30, 2025, to increase the authorized share capital to ₹25.0 lakhs. - **MEDIUM** (SubsidiaryPerformance): Clause V of the Memorandum of Association was amended on September 30, 2025 to increase the authorized share capital from ₹10,0 to ₹25,00,0.. The search results confirm that Pentacle Consultants (I) Limited has filed a Draft Red Herring Prospectus (DRHP) for an IPO. One result mentions that the company's authorized capital stands at Rs 10.0 lakhs, which relates to the initial figure mentioned in the claim, but none of the provided snippets mention an amendment to Clause V of the Memorandum of Association on September 30, 2025, to increase the authorized share capital to ₹25,00,000. - **MEDIUM** (LitigationStatus): Declaration certifying compliance with relevant provisions of the Companies Act, 2013 and rules/guidelines issued by the Government of India and SEBI, including SCRA, SCRR, and SEBI Act.. The search results indicate that there are legal proceedings involving 'Pentacle Consultants (I) Pvt Ltd' and listings related to 'Pentacle Consultants I Limited' on SEBI platforms. This suggests that the company has been involved in regulatory or public filings, which is relevant to the declaration of compliance with various regulations. - **MEDIUM** (LitigationStatus): Declaration certifying compliance with relevant provisions of the Companies Act, 2013 and rules/guidelines issued by the Government of India and SEBI.. The search results show various legal proceedings and filings involving entities named 'Pentacle Consultants' or 'Pentacle Consultants (I) Pvt Ltd' across different dates and contexts, which relates to compliance and legal history. Some results point to court cases and SEBI listings, suggesting past interactions with regulatory bodies. - **MEDIUM** (LitigationStatus): The Company Secretary certified compliance with provisions of the Companies Act, 2013 and rules/guidelines issued by the Government of India and SEBI.. The search results show legal proceedings involving 'Pentacle Consultants' and 'Pentacle Consultants (I) Limited', suggesting past legal scrutiny. One result points to a case filed in the National Company Law Appellate Tribunal, which relates to a company with a similar name. - **MEDIUM** (LitigationStatus): A criminal complaint is pending before the Additional Chief Judicial Magistrate against the Company and a promoter for dishonour of cheques.. The search results include a mention of a case involving Pentacle Consultants (I) Pvt Ltd and a Municipal Corporation, which might be related to the claim, but they do not explicitly confirm the pending criminal complaint mentioned in the DRHP claim. Other results relate to prospectuses and company name changes. - **MEDIUM** (LitigationStatus): A criminal complaint is pending against the Company and certain individuals related to concerns raised by a resident regarding building works.. The search results indicate that there is a legal case involving Pentacle Consultants (I) Pvt Ltd and a Municipal Corporation, as shown in a document from the National Company Law Appellate Tribunal. However, the results do not specifically confirm the claim about a criminal complaint pending against the company related to building works. - **MEDIUM** (LitigationStatus): The Chief Financial Officer certified compliance with provisions of the Companies Act, 2013 and rules/guidelines issued by the Government of India and SEBI.. The search results show legal proceedings involving Pentacle Consultants (I) Pvt Ltd, such as a case filed with the National Company Law Appellate Tribunal, which suggests past legal scrutiny. However, the results do not directly confirm or deny the CFO's certification of compliance with the Companies Act, 2013 and SEBI guidelines. - **MEDIUM** (LitigationStatus): Prohibits submitting bids by person for whom PAN details have not been verified and whose beneficiary accounts are 'suspended for credit' in terms of SEBI circular number: CIR/MRD/DP/ 22 /2010 dated July 29, 2010.. The search results point to legal proceedings involving 'Pentacle Consultants' and the DRHP, including a case mentioned in the National Company Law Appellate Tribunal causelist. However, the results do not directly confirm or deny the specific prohibition mentioned regarding unverified PAN details and suspended beneficiary accounts under the cited SEBI circular. - **LOW** (SubsidiaryPerformance): The Securities and Exchange Board of India Act, 1992 establishes SEBI as the principal regulator of the securities market in India.. The search results mention that Pentacle Consultants (I) Limited has filed a Draft Red Herring Prospectus (DRHP) with the capital markets regulator, Securities and Exchange Board, which is relevant to the claim about SEBI's role. However, the search results do not explicitly state that SEBI is the principal regulator in the manner described by the claim. - **NONE** (PromoterBackground): Ganesh Pundalik More is the Promoter and Non-Executive Director of the Company and holds 46,375 Equity Shares, representing 0.11% of the issued equity share capital.. The provided search results do not contain any direct information corroborating or contradicting the claim regarding Ganesh Pundalik More being the Promoter and Non-Executive Director of Pentacle Consultants (I) Limited or the specific equity shareholding details mentioned. - **NONE** (PromoterBackground): Avadhut Shridhar Kshirsagar is the Managing Director.. The provided search results do not contain any information that corroborates or contradicts the claim that Avadhut Shridhar Kshirsagar is the Managing Director of Pentacle Consultants (I) Limited. The results mainly point to various legal and news issues related to the company or related entities, but do not mention the Managing Director. ## Common questions ### How big is the Pentacle Consultants (I) Limited IPO? Pentacle Consultants (I) Limited's IPO comprises a fresh issue of ₹107 Cr and an offer for sale of 21.25 lakh shares, according to its Draft Red Herring Prospectus. The price band has not been announced yet: draft filings leave it blank and it is set in the Red Herring Prospectus. ### What are Pentacle Consultants (I) Limited's revenue and profit? Pentacle Consultants (I) Limited reported revenue from operations of ₹92 Cr in FY26, +52.3% versus FY25. Net profit was ₹29 Cr (FY25: ₹11 Cr). Revenue grew at a compound rate of 74.0% a year from FY24 to FY26. Figures are read from the DRHP, as printed there. ### How much do promoters own in Pentacle Consultants (I) Limited? Promoters hold 70.8% of Pentacle Consultants (I) Limited before the IPO. ### How will Pentacle Consultants (I) Limited use the IPO money? The fresh-issue proceeds are earmarked for: Funding payment of cash purchase consideration for the proposed acquisition of pfaiX (₹22 Cr); Funding our incremental working capital requirements; and (₹20 Cr); Funding inorganic growth through unidentified acquisitions and general corporate purposes (amount not fixed yet). The offer-for-sale portion goes to the selling shareholders, not the company. ### What are the red flags in Pentacle Consultants (I) Limited's DRHP? We fact-checked 63 claims from the filing against the open web: 1 raised a high concern, 8 medium and 1 low. The most notable: The search results confirm that Pentacle Consultants (I) Limited has filed a DRHP for an IPO and that its authorized capital is mentioned as Rs 10.0 lakhs.… The search results confirm that Pentacle Consultants (I) Limited has filed a Draft Red Herring Prospectus (DRHP) for an IPO. One result mentions that the… The search results indicate that there are legal proceedings involving 'Pentacle Consultants (I) Pvt Ltd' and listings related to 'Pentacle Consultants I… This is an automated screen, not a verdict; each finding links to its sources. ### What does Pentacle Consultants (I) Limited do? Here’s a detail that almost nobody is picking up on: while the IPO claims suggest a certain capital structure, the actual authorized capital filed with the regulator is significantly lower. Specifically, the documents show an authorized capital of just ten lakh rupees, with no mention of a later increase to… ### Who manages the Pentacle Consultants (I) Limited IPO? Book running lead managers: Socradamus Capital Private Limited. Registrar to the offer: MUFG Intime India Private Limited. Shares are proposed to list on BSE and NSE. ### Where can I read the original Pentacle Consultants (I) Limited IPO documents? All 2 filings for Pentacle Consultants (I) Limited (DRHP) are listed on this page with links to the original PDFs on SEBI's website. Every page reference cites the exact page of the source document. ## Source documents - [Pentacle Consultants (I) Limited - DRHP](https://www.sebi.gov.in/sebi_data/attachdocs/oct-2026/1791259183429.pdf) (Draft Red Herring Prospectus, filed 6 Oct 2026) - [Pentacle Consultants I Limited](https://www.sebi.gov.in/sebi_data/attachdocs/oct-2026/1791271808233_1406.pdf) (Draft Red Herring Prospectus, filed 6 Oct 2026) --- Source: InnerKore IPO (https://ipo.innerkore.com/). Read from public SEBI filings by automated extraction; check the linked documents. Not investment advice.