Emami director Mohan Goenka said that the most of the bids were received at the upper band of Rs 70.
The price band of the issue was between Rs 60 and Rs 70. With the issue of 50,00,000 lakh equity shares, the company would mop up Rs 35 crore (Rs 350 million) from the issue.
Issued at a face value of Rs 2 each, the shares would be listed on the Bombay Stock Exchange and the Calcutta Stock Exchange.