Sify Infinit Spaces IPO Faces Valuation Hurdle

Economic Times Markets · stocks

Sify Infinit Spaces is facing a significant valuation gap ahead of its proposed IPO, with the company seeking ₹40,000 crore while investors are offering only ₹22,000-25,000 crore. This disparity has led to a pause in the offering, with Sify potentially revisiting the market next year. The company, seeking approval from Sebi in January, reported revenue of ₹1,428.4 crore in FY25. The valuation challenge stems from broader market conditions and investor caution regarding data centre profitability.