Sify Infinit Spaces is preparing to launch India’s first pure-play data center initial public offering. The company is reportedly seeking a valuation of up to 4.2 billion USD as it begins investor meetings this month. The 37 billion rupee offering is structured to support massive infrastructure expansion. It consists of a fresh issue of shares worth 25 billion rupees and a secondary sale of 12 billion rupees from existing investors, including the Kotak Data Center Fund. This capital influx is vital for the company’s ambitious roadmap. Approximately 13.25 billion rupees are earmarked for completing data center towers in Chennai and Navi Mumbai. Additionally, 6 billion rupees will be used to reduce existing debt, which stood at 27.39 billion rupees as of mid-2025. The parent company, Nasdaq-listed Sify Technologies, has seen significant market movement recently. Its share price reached a 52-week high of 17.85 USD, reflecting growing global interest in Indian digital infrastructure. While the parent group has faced profitability hurdles, Sify Infinit remains a profitable entity, reporting a net profit of 1.26 billion rupees for fiscal 2025. Operational metrics show a strong reliance on high-scale clients. Hyperscalers currently contribute 67.81% of total revenue. As of June 2025, the company operates 14 facilities across six major cities, providing a total IT power capacity of 188.04 megawatts. Market tailwinds are driving this aggressive valuation. India’s data center sector is projected to grow from 9.79 billion USD in 2025 to over 21 billion USD by 2031. This expansion is fueled by a 33% annual growth rate in AI-ready capacity and government mandates on data localization. Major global players like Microsoft and Google have already committed billions to the Indian market, validating the sector’s potential. Sify Infinit is positioning itself at the center of this boom by certifying its newest facilities for high-density AI workloads using advanced liquid cooling technologies. Investors are closely watching this IPO as a benchmark for the industry. If successful, it will set the valuation standard for other Indian data center operators looking to tap into public markets. The offering provides a direct avenue for backing the physical infrastructure that powers India’s rapidly evolving digital economy.