Yotta Data In Early Talks With Advisors For $900 Million India IPO

Yotta Data Services is gearing up for a potential $900 million IPO in India and has begun early conversations with investment banks to take the plan forward.

The exercise is still at a preliminary stage, but it signals the company’s intent to tap public markets as it scales its data centre and AI infrastructure ambitions. The move also comes at a time when interest in this space is building rapidly. So what exactly is Yotta planning from here?

Where Does Yotta Data Currently Stand On Its IPO Plans?

The company has tapped ICICI Securities and SBI Capital Markets as advisors as it begins work on a potential India listing. It is also expected to bring in more banks before formally filing its draft papers.

The proposed IPO size is pegged at around $900 million, although details are still evolving. If timelines hold, the company could look to file its draft prospectus in the next two to three months, with a potential listing towards the end of the year. Alongside this, Yotta is also exploring a pre-IPO funding round of about $300 million to bring in capital ahead of the listing.

Right now, this is more of a work in progress. Key pieces like the issue size, valuation, and structure are yet to take final form.

Who Is Yotta Data Services?

Yotta positions itself as a full-stack digital infrastructure player. Its services go beyond data centres. The company works across cloud, cybersecurity, connectivity, and application modernisation. In simple terms, it is trying to build the backbone that enterprises need as they move deeper into digital and AI-led operations.

The company is a subsidiary of the Hiranandani Group and is headquartered in Mumbai. It has its data centres in Delhi, Mumbai, and Gujarat.

Yotta had earlier explored a US listing route. That plan did not go through, partly due to changing market conditions and a cooling in global tech listings.

The shift to an Indian IPO reflects a different reality today. Indian markets are currently showing better appetite for businesses linked to infrastructure and emerging tech themes like data and AI.

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What Does The AI And Data Centre Boom Mean For Investors?

The opportunity here is quite clear. As AI adoption picks up, the need for data centres is only going to increase. More AI use cases mean more need for computing power, storage, and infrastructure to support it.

In India, this is already reflected in the scale of investment. CBRE Group Inc. expects investments in India’s data centre space to cross $100 billion by 2027.

This gives Yotta Data Services a strong position within a high-growth theme linked to AI and cloud. That said, it comes with trade-offs. It needs a lot of capital, and returns do not show up immediately. Investors will have to keep an eye on how funding and execution play out.

So, the opportunity is real. But it is something that plays out over time, not instantly.

Sources:

The Hindu

Yotta