Sify Infinit Spaces IPO
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Sify Infinit Spaces IPO details
About Sify Infinit Spaces
Sify Infinit Spaces Limited was incorporated in November 2017 as a public limited company. It operates as a core data center infrastructure platform in India. The Company is promoted by Sify Technologies Limited along with Vegesna Ananta Koti Raju, Vegesna Bala Saraswathi, Ramanand Core Investment Company Private Limited and Raju Vegesna Infotech & Industries Private Limited. The Company is engaged in providing data center colocation services. Its operations focus on building, owning and operating large-scale, carrier-neutral data centers across key Indian markets. It serves hyperscalers, enterprises and digital service providers. As of June 30, 2025, it operates multiple data center facilities across major cities, including Mumbai, Chennai, Noida and Hyderabad. Sify Infinit Spaces follows a long-term infrastructure-led business model. Revenues are generated through colocation rentals, power usage, and related services. The Company benefits from strategic locations, scalable design, and integration with the Sify ecosystem. Its strengths include established operating experience, high entry barriers, long-term customer contracts, and alignment with India’s growing demand for digital and cloud infrastructure.
Financials of Sify Infinit Spaces
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 3700 |
| Fresh Issue – Proceeds go to the company | 2500 |
| Offer for sale – Proceeds go to the existing investors | 1200 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Capex for Tower B, Siruseri (Chennai data center) |
465 (18.60%) |
| Capex for Towers 11 & 12, Rabale (Navi Mumbai data center) | 860 (34.40%) |
| Pre-payment / repayment of borrowings | 600 (24%) |
| General corporate purposes | 575 (23%) |
Strengths
- One of India’s leading data center colocation providers by IT power capacity.
- Strategically located data centers across major demand hubs in India.
- Strong promoter backing from Sify Technologies with industry experience.
- Long-term contracts with hyperscalers and enterprise customers.
- Operates in a high-growth market driven by cloud, AI, and digital adoption.
Risks
- High revenue concentration, with over 80% from the top 10 customers.
- Capital-intensive business requiring continuous large investments.
- Dependence on a reliable and cost-effective power supply for operations.
- Operational disruptions or security breaches could impact service delivery.
- Significant reliance on promoters for strategic direction and execution.