Sify Infinit Spaces is targeting a $4.2 billion valuation for its upcoming initial public offering in India, according to sources close to the matter. The data-center operator aims to list on the National Stock Exchange next month, signaling strong investor appetite for India's digital infrastructure plays.

This valuation would position the company among India's top-tier tech IPOs, reflecting confidence in its cloud and managed services growth trajectory. The IPO could raise significant capital to fund expansion into enterprise cloud solutions and artificial intelligence infrastructure, potentially disrupting India's crowded data-center market.