The Tata Communications-backed data center player STT GDC India eyes a ₹4,500 Cr IPO to fuel its aggressive, AI-ready expansion.

Capitalising on an unprecedented surge in demand for artificial intelligence and cloud computing infrastructure, STT Global Data Centres India (STT GDC India) has started preparations for an IPO. According to reports, the company is looking to raise ~USD 500 million (~INR 4,500 crore), targeting a valuation of ~USD 5 billion (~INR 45,000 crore).

STT Global Data Centres IPO Timeline

While the company stated earlier this year in February that it was evaluating a public listing for the first half of 2027, immense investor appetite has accelerated those plans.

STT GDC India has officially invited top-tier investment banks to pitch for advisory roles. Banker presentations are scheduled for next week, with formal appointments expected by the end of May. The company aims to file its DRHP within the next two to three months and aims to launch the IPO in the current financial year.

STT GDC IPO: Corporate Structure

STT GDC India and its parent, STT Singapore, are separate corporate entities. This upcoming STT GDC IPO will specifically see the listing of the Indian operational entity.

• Genesis: Founded in 2007 as Tata Communications Data Centres, the business was structurally demerged from Tata Communications in 2017.
• Current Ownership: Today, the company operates as a step-down subsidiary of Singapore-based ST Telemedia Global Data Centres, which retains a 74% controlling stake. Tata Communications owns the remaining 26%.
• The Parent Landscape: STT GDC India IPO comes on the heels of a massive global consolidation. Earlier this year, a consortium led by KKR & Co. and Singapore Telecommunications (SingTel) agreed to acquire an 82% stake in the Singaporean parent company for SGD 6.6 billion (USD 5.2 billion), implying a global enterprise value of SGD 13.8 billion.

STT GDC India: Scale & Operations

STT GDC India stands as one of the largest digital infrastructure footprint holders in the country. The company’s operational scale is massive:

• Footprint: Over 30 data centers spanning 10 major tier-1 and tier-2 cities (including Mumbai, Noida, Pune, Bengaluru, Hyderabad, and Jaipur).
• Capacity: A commanding 400+ megawatts (MW) of critical IT load capacity.
• AI Pivot: The company recently launched its fourth data center facility at its Siruseri campus in Chennai. Designed as a 45 MW AI-ready facility, its first 7.2 MW phase is already operational. This aligns with a strategic Memorandum of Understanding (MoU) signed with the Tamil Nadu government to deploy INR 4,200 crore into AI-optimized infrastructure. Similar multi-crore pacts have been inked with Karnataka, Maharashtra, Telangana, and Uttar Pradesh.

Read Also: Stocks You Shouldn’t Ignore in AI & Data Center Boom

STT GDC India IPO: Industry Context

The Indian data center industry is undergoing an explosive multi-year capex cycle. According to real estate investment firm JLL, India’s total data center capacity is projected to surge to 2.073 GW by the end of 2027—an 85% increase from current levels requiring roughly USD 6.3 billion in capital investments. Taking an even broader view, CBRE Group Inc. projects total industry investments to clear USD 100 billion by 2027.

This growth is driven by aggressive localization laws, an exponential rise in data consumption, and the entry of global tech titans. Tech giants Alphabet Inc. (Google) and OpenAI have detailed sweeping expansion roadmaps for India, while domestic conglomerate Reliance Industries is charting its own massive UD 30 billion data center ecosystem. below is the list of upcoming data center IPOs in India.

Bottomline: STT GDC India IPO serves as a critical litmus test for the AI-driven digital infrastructure boom in India. Tata-backed giant’s debut will benchmark institutional appetite for asset-heavy tech class just as peers like Sify and Yotta crowd the public runway.

Rajat Bhati has a strong technical background and 5 years of experience in the stock market. He focuses on equity research, technical analysis, IPO valuations, and risk management, helping investors make clearer, data-backed decisions. Today, he works full-time to educate people about the opportunities in IPO market.