Sify Infinit Spaces has filed its Draft Red Herring Prospectus with SEBI to raise ₹3,700 crore in what would be India’s first IPO by a data centre company. Sify Infinit is a colocation provider, servicing enterprise demand and cloud growth. The firm plans to use proceeds to expand capacity and improve infrastructure in key metro markets. Investor interest in AI and cloud infrastructure has heightened expectations for valuation and subscription levels in this listing.