Top-rated Indiabulls Housing Finance has foreclosed its public bond sales on Friday, the second day since its opening as institutions rushed to buy the securities amid falling interest rates.
But, the issue fell short of attracting retail investment in full as more than three fourth of the total the limit remained unsubscribed till the close. The company received bids for Rs 505.33 crore against Rs 2,100 crore allotted limit.
For institutions, it saw oversubscription up ..
