**Sify Infinit Spaces Ltd. to File $500 Million IPO Soon**
*By Mudit Dube | Oct 03, 2025*
Sify Infinit Spaces Ltd., a prominent player in India’s data center industry, is set to file for a $500 million initial public offering (IPO) within the next two weeks. This move could make Sify Infinit the first Indian data center operator to be listed on stock exchanges.
The IPO will include both new and existing shares, according to reports by Moneycontrol.
**Rising Interest in Data Centers**
The decision to go public comes amid growing enthusiasm from tech companies and investors in India’s data center sector. This surge is driven by increasing digital consumption, widespread adoption of artificial intelligence, and data localization policies.
With this IPO, Sify Infinit joins a growing league of Indian companies raising funds through the primary market to fuel their expansion plans.
**Robust Growth Outlook**
Data center demand in India is projected to more than double by the end of 2028, according to rating agency ICRA Ltd. Meeting this demand will require investments totaling approximately $10 billion.
Sify Infinit is among the key domestic players in this space, alongside global giants such as Japan’s NTT, Temasek-backed STT Global Data Centres, and Carlyle Group-backed Nxtra Data Ltd.
**Company Background**
Backed by Kotak Private Equity Group, Sify Infinit launched its first data center facility in 2000. Today, the company operates 14 sites across India.
The company’s board approved the proposed IPO on September 25. Kotak Mahindra Capital, Morgan Stanley, JPMorgan Chase, Citic Securities, and JM Financial Ltd. have been appointed as bookrunners for the offering.
This upcoming IPO marks a significant milestone for India’s data center industry, signaling increased investor confidence and the sector’s rapid growth potential.
https://www.newsbytesapp.com/news/business/indian-data-center-firm-sify-infinit-plans-500m-ipo/story
