Sify Infinit IPO Likely Delayed as Valuation Gap Widens
SIFY sits 40% above its 52-week low of $10.09.
Summary
Sify Infinit Spaces, the data centre subsidiary of Sify Technologies, is likely to delay its IPO to next year due to a wide valuation gap. The company is seeking a valuation of 40,000 crore, while investors have not moved beyond 22,000-25,000 crore since April. This follows the subsidiary's strong FY26 revenue growth of 23.2% reported earlier this month. The delay reflects broader caution in India's primary market and valuation concerns in the data centre sector. Watch for any revised IPO timeline or valuation adjustment announcements.
At the time of this announcement, SIFY was trading at $14.08 on NASDAQ in the Technology sector, with a market capitalization of approximately $989.5M. The 52-week trading range was $10.09 to $17.85. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Economic Times.