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Indiabulls offer oversubscribed

MUMBAI, SEPT. 6. Broking firm Indiabulls' initial public offering has been oversubscribed by 3.88 times the issue size at the end of first day of bidding. The offer, which opened for subscription today, has received bids for about 10.57 crore shares against the issue size of 2.71 crore shares of Rs. 2 each, according to data available with the Bombay Stock Exchange.

The price band has been fixed at Rs. 16-19 per share. The last date for bidding is September 10. — PTI

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