India, Oct. 6 -- Sify Infinit, the data centre subsidiary of Sify Technologies, plans to file for a USD 500 million initial public offering (IPO), making the firm the first pure-play Indian data centre operator to list on domestic stock exchanges.

The proposed IPO, which the company's board approved on 25 September 2025, is expected to include both new and existing shares. A consortium of prominent financial institutions, including Morgan Stanley, JPMorgan Chase & Co., Kotak Mahindra Capital Co., Citic Securities Co., and JM Financial Ltd., is acting as bookrunners for the offering. This high-profile management team signals the offering's scale and international relevance.

The primary driver behind this offering is the surging demand fo...