The company's initial public offering raised $270 million, after its shares were sold at $18 each, above the expected price range of $14-$16 per share.

Stockholders sold all the 15 million shares in the IPO, the majority of which were offered by Boston-based private equity firm TA Associates, which has a 58.3 percent stake following the offering.

(Reporting by Rachel Chitra and Sruthi Shankar in Bengaluru; Editing by Saumyadeb Chakrabarty)