Sify Infinit Seeks $4.2 Billion Valuation In India IPO

Sify Infinit Spaces Ltd, a subsidiary of Sify Technologies, is reportedly seeking a valuation of $4.2 billion in its upcoming India initial public offering (IPO), according to Bloomberg News. The company plans to raise approximately $500 million through the sale of new and existing shares, positioning itself as India’s first publicly listed data center operator.  

Key Highlights  

• Sify Infinit Spaces aims for $4.2 billion valuation in India IPO  
• IPO size estimated at $500 million, including new and existing shares  
• Company operates 14 data centers across India, serving cloud, AI, and enterprise clients  
• Backed by Kotak Private Equity Group, with prior funding rounds totaling ₹16 billion  
• IPO proceeds to be used for expansion amid surging demand for digital infrastructure  
• India’s data center market projected to double in three years, requiring investments of up to ₹90,000 crore  

Strategic Impact  
The IPO marks a milestone for India’s digital infrastructure sector, with Sify Infinit set to become the country’s first listed data center operator. Analysts highlight that the offering reflects investor confidence in India’s rapidly growing cloud and AI ecosystem. The funds raised will support expansion, enabling Sify to compete with global players like NTT, STT Global, and Nxtra Data. The move also underscores India’s emergence as a key hub for digital transformation and enterprise technology services.  

Sources: Bloomberg News, Business Standard, Hindustan Times, MoneyControl