KOCHI: Infopark is making its way into the big leagues. In an ambitious move, the IT park is eyeing an initial public offering (IPO) that will help raise funds for its growth, besides ensuring greater visibility.
According to sources, the IPO, which will make Infopark the first Kerala government entity to list on the stock exchanges, might happen a few years after the Phase III and IV projects are completed. As part of the IPO road map, the IT park has decided to register itself as a company.
“We have been functioning as a charitable society till now. However, this structure doesn’t give us the flexibility needed for future ventures. Even the Central Board of Direct Taxes (CBDT) has long taken a position that IT parks are not charitable societies. So, the immediate step is to register Infopark as a company,” said a source. Also, a company structure is needed to get into joint ventures, the source said.
“If Infopark plans to go public in the future, it will need a corporate structure. The shift to a corporate structure will help get a positive difference in taxes,” said the source.
Meanwhile, the source hinted that the Infopark Phase III might grow beyond the projected 300 acres. “It may take up around 500 acres of land.” As for the deadline set for the completion of the Infopark Phase III, the source said the effort now is to ensure that at least half of the work gets completed by 2030. “The work on Phase IV, coming up on Traco Cable Company land, will be the one getting off the starting blocks first. In the case of Phase III, the activities associated with land pooling is expected to be completed within eight months,” said the source.
Proposal to extend metro to Infopark Phase III
C J George, MD of Geojit Financial Services, said Infopark’s IPO, when it happens, will augur well for the IT park. “If there are any such plans in the future, it will help the IT park raise funds for expansion. However, to get market attention, it will have to reduce the state government holdings to below 50%,” he said.
Crisil Ratings, in its report on July 31, 2025, reaffirmed Infopark’s Crisil A/Stable rating, stating that the IT park has consistently maintained a healthy cash balance, which is estimated at `174 crore as on March 31, 2025. As of March 31, 2025, Infopark’s reported profit after tax is `20.74 crore compared with `13.15 crore in 2024.
Another ambitious proposal by Infopark submitted to the state government is the construction of an eight-lane road from Vyttila to connect Phases I, II, III, and IV with NH 544 via Angamaly-Kundanoor Bypass. “A proposal has also been sent to Kochi Metro Rail Limited (KMRL) seeking the extension of the Metro corridor to Infopark Phase III,” said the source.
Speaking to TNIE, KMRL said it will provide the provision at Infopark Phase 1 station for further extending the Pink Line corridor to Infopark Phases II and III. “During Phase I, we included a provision at JLN stadium for future expansion to Kakkanad and beyond. Now, Phase 2 is under way, with the Pink Line being constructed from JLN station to Infopark. A similar provision will be made at Infopark Phase I for further corridor extension. This is already part of the metro’s future expansion plan,” a senior KMRL official said.
Established: 2004
Kerala government entity
582+ companies
70,000+ IT professionals
9.2 mn sqft of built-up space