Sify Infinit Spaces Files DRHP for ₹3,700 Crore IPO: India’s First Data Center Listing..

365telugu.com online news,Mumbai, October 18, 2025: Sify Infinit Spaces Limited (SISL), a frontrunner in India’s data center colocation services with a 15.26% market share in built IT capacity as of March 31, 2025 (per the 1Lattice and C&W Report), has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI). This filing marks India’s inaugural data center IPO, underscoring the sector’s explosive growth amid the nation’s digital boom.

The proposed IPO includes a fresh issue of equity shares worth up to ₹2,500 crore and an offer for sale (OFS) of up to ₹1,200 crore by existing shareholders—Kotak Data Center Fund (₹643 crore) and Kotak Special Situations Fund (₹557 crore)—bringing the total issue size to ₹3,700 crore. SISL may pursue a pre-IPO placement of up to ₹500 crore, which would reduce the fresh issue component if executed.

Net proceeds from the fresh issue will primarily fund capital expenditures: ₹465 crore for completing Tower B at the Chennai 02 data center and ₹860 crore for constructing Towers 11 and 12 at the Rabale Data Center in Navi Mumbai. An additional ₹600 crore will go toward repaying or prepaying borrowings, with the remainder allocated to general corporate purposes.

Company Overview and Legacy

Part of the pioneering Sify Group—which introduced private internet services in India in the late 1990s—SISL offers colocation, interconnection, build-to-suit, and value-added services through its nationwide network. Drawing on the group’s 30+ years of expertise in networking, data centers, and digital services, SISL delivers secure, sustainable, and energy-efficient infrastructure tailored for diverse client needs.

Led by Vegesna Ananta Koti Raju, SISL launched its first data center in 2000, one of India’s earliest commercial facilities. Its hyperconnected ecosystem supports high-availability workloads with robust security, scalability, and sustainability for hyperscalers and enterprises.

As of June 30, 2025, SISL operates 14 colocation facilities across six key hubs—Mumbai, Chennai, Noida, Hyderabad, Bengaluru, and Kolkata—with a total built IT power capacity of 188.04 MW. Facilities in Mumbai (Airoli) and Bengaluru focus on cloud hosting (public and hybrid), while Noida, Hyderabad, and Kolkata handle enterprise workloads with advanced cooling options like air, liquid, and immersion systems.

From Fiscal 2023 to 2025, SISL added 95.41 MW of capacity—the highest among peers—positioning it as a leader in expansion.

Client Base and Innovation

SISL serves over 500 clients, including three of the top four global hyperscalers in India and seven of the top ten Indian banks (by FY2024 revenues, per the 1Lattice and C&W Report). Its diverse portfolio covers financial services, fintech, social media, OTT, manufacturing, retail, and healthcare—sectors reliant on mission-critical digital infrastructure.

Embracing AI-driven demands, three flagship facilities (Rabale Tower 5, Chennai 02 Tower B, and Noida 02 Tower B) are NVIDIA-certified for AI workloads and advanced cooling. They hold Indian Green Building Council (IGBC) Platinum ratings and TIA-942 Rated 4 certification from the Telecommunications Industry Association, supporting up to 130 kW per rack via direct-to-chip technology.

Financial Snapshot

SISL has posted robust growth:

Metric	FY2023	FY2025	Growth
Revenue from Operations	₹10,213.40 Mn	₹14,283.65 Mn	+40%
EBITDA	₹4,126.06 Mn	₹6,342.46 Mn	+54%
EBITDA Margin	40.40%	44.40%	+4%
Profit After Tax (PAT)	₹966.86 Mn	₹1,263.60 Mn	+31%

Market Context

Data centers—specialized hubs for computing, storage, and networking—form the backbone of digital services, handling massive data volumes. India’s market is surging, with demand expected to grow at a CAGR of 30.1-35.1% (in IT MW) from FY2025-2030, fueled by digital transformation.

JM Financial Limited, CLSA India Private Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited, and Morgan Stanley India Company Private Limited are the Book Running Lead Managers (BRLMs) for the issue.

This IPO positions SISL to capitalize on India’s data center boom, enhancing its capacity to meet rising needs for AI, cloud, and enterprise solutions.

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