Sify Infinit Secures SEBI Approval for ₹3,700 Crore IPO
Sify Infinit Spaces has received SEBI approval for a ₹3,700 crore initial public offering, which includes a fresh equity issue of ₹2,500 crore and an offer for sale of ₹1,200 crore. The Chennai-based subsidiary of Sify Group aims to utilize the proceeds for completing data center projects and repaying borrowings, with plans to launch the listing within 12 months. In the June 2025 quarter, Sify reported revenues of ₹398.59 crore and a profit of ₹13.63 crore.
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Sify Infinit Spaces received approval from the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) valued at ₹3,700 crore. The IPO includes a fresh issue of equity shares amounting to ₹2,500 crore and an offer for sale (OFS) of ₹1,200 crore from investors Kotal Data Center Fund and Kotak Special Situations Fund.
The Chennai-based subsidiary of Sify Group has 12 months to launch its listing, potentially making it the first Indian data center provider to be publicly listed. Proceeds from the IPO will fund the completion of tower B of a data center in Siruseri (₹465 crore), the establishment of two data center towers in Rabale, Navi Mumbai (₹860 crore), and the payoff of ₹600 crore in borrowings. For the June 2025 quarter, Sify reported revenues of ₹398.59 crore and a profit of ₹13.63 crore.
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