Sify Infinit Spaces Ltd - IPO

Sify Infinit Spaces Ltd IPO Details

Initial public offering of up to [*] equity shares of face value of Rs. 10 each (Equity Shares) of Sify Infinit Spaces Limited (the Companyor the Company) for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) (Offer Price) aggregating up to Rs.3700 Crore (the Offer) comprising a fresh issue of up to [*] equity shares aggregating up to Rs. 2500 Crore (the Fresh Issue) and an offer for sale of up to [*] equity shares aggregating up to Rs.1200 Crore (the Offer For Sale), consisting of up to [*] equity shares aggregating up to Rs. 643 Crore by Kotak Data Center Fund, and up to [*] equity shares aggregating up to Rs. 557 Crore by Kotak Special Situations Fund (collectively, the Selling Shareholders and such equity shares, the Offered Shares).The offer includes a reservation of up to [*] equity shares, aggregating up to Rs. [*] Crore (constituting up to [*] % of the post-offer paid-up equity share capital, for subscription by eligible employees (Employee Reservation Portion). The company, in consultation with the brlms may offer a discount of up to [*]% of the offer price to eligible employees bidding in the employee reservation portion (Employee Discount), subject to necessary approvals as may be required. The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer shall constitute [*] % and [*] % of the post-offer paid-up equity share capital of the company, respectively.The company, in consultation with the brlms, may consider an issue of specified securities aggregating up to Rs. 500 Crore, as may be permitted under applicable law, at its discretion, prior to filing of the red herring prospectus with the roc. the pre-ipo placement, if undertaken, will beat a price to be decided by the company, in consultation with the brlms. if the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with rule19(2) (b) of the securities contracts (regulation) rules, 1957, as amended. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer, or the offer may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken). The face value of equity shares is Rs. 10 each. The offer price is [*] times the face value of the equity shares. The price band, the employee discount and the minimum bid lot will be decided by the company.

Objective of issue

Part funding of capital expenditure requirements towards completion of tower B of Chennai 02 Data Center. Part funding of capital expenditure requirements for setting up of towers 11 and 12 of Rabale Data Center. Repayment / prepayment, in full or in part, of certain borrowings availed by the Company. General corporate purposes.

Sify Infinit Spaces Ltd Contact Details

Sify Infinit Spaces Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814