The company issued shares at Rs 850 apiece.
At the upper end of the price band, the issue would be worth Rs 468 crore ($68.8 million).
It had earlier raised Rs 134 crore from anchor investors.
Matrix Partners is looking to sell most of its stake.
The year’s first IPO was oversubscribed around 92 per cent.
The IPO opened today and will close on February 10.
It is jointly owned by the government and ONGC.
Gaja Capital and ICICI Venture are part-exiting.
It is the second IPO this year after that of Precision Camshafts.
Sequoia would almost triple the value of its six-year-old investment.
Quess Corp is part of Thomas Cook.
BanyanTree Growth Capital will part-exit via the IPO.
Raises $28M from anchor investors including Goldman Sachs.
Beacon India Private Equity Fund was looking to exit.
Second Indian firm after Videocon d2h to go for reverse listing on NASDAQ in past year.
The company is also raising about $14.4 million via NCDs.
It would raise as much as Rs 410 crore at the top end of the price band.
This is the fifth firm where the government has sold a stake in 2015-16.
The issue is closing on January 29.
Sale may fetch about Rs 690 crore.