Sify Infinit Spaces Launches India's First Data Center IPO to Raise ₹3,700 Crore

2025-10-18 companies

Chennai, Friday, 17 October 2025.
Sify Infinit Spaces Limited, backed by Sify Technologies, filed a draft red herring prospectus for a ₹3,700 crore IPO. This marks India’s first data center public offering, reflecting growing tech sector interest.

A Milestone in India’s Tech Sector

Sify Infinit Spaces Limited, a subsidiary of Sify Technologies Limited (NASDAQ: SIFY), has taken a landmark step by filing its draft red herring prospectus with the Securities and Exchange Board of India (SEBI) on October 17, 2025, for a ₹3,700 crore Initial Public Offering (IPO) [1][2]. This IPO is notably the first of its kind in India’s burgeoning data center industry, highlighting an increasing investor appetite for tech-related public offerings amid the digital transformation wave sweeping the country [3][4].

Strategic Financial Moves

The proposed IPO includes a fresh issue of equity shares worth ₹2,500 crore and an offer for sale (OFS) of shares worth ₹1,200 crore by existing stakeholders, predominantly the Kotak Data Center Fund and Kotak Special Situations Fund [2][5]. The funds raised are earmarked for significant capital expenditure projects, including the construction of new data center towers in Chennai and Navi Mumbai, which are expected to bolster SISL’s capacity in catering to the rapidly growing demand for data center services [6][7].

Financial Performance and Market Position

Sify Infinit Spaces has reported strong financial performance, with revenue increasing by 28.2% to ₹1,428.4 crore in fiscal year 2025, up from ₹1,114.2 crore in the previous year, and a net profit rise of 35.5% to ₹126.4 crore [5][6]. This growth underscores the company’s robust market position, which is reinforced by its 15.26% share in India’s data center infrastructure market as of March 31, 2025 [5].

Implications for the Broader Market

The filing of this IPO by Sify Infinit Spaces is poised to set a significant precedent in India’s tech sector. It not only signals the potential for future data center IPOs but also reflects a critical shift in investor focus towards infrastructure that supports digital growth, particularly in the context of rising artificial intelligence and data needs [6][7]. Merchant bankers such as JM Financial, CLSA India, and JP Morgan India are leading the charge to manage this high-profile offering [5].

Sources

Sify Technologies IPO India