Mumbai: Retail investors could give the share sale of state-owned Housing & Urban Development Corporation ( Hudco) a miss as the near-term outlook for the company is uncertain due to volatility in its asset quality and delay in construction activities, said analysts. The government is selling up to 8% stake or 16.02 crore shares in the company through an Offer For Sale (OFS). The offer, which invited bids from non-retail investors on Tuesday, was subscribed 1.6 times at an indicative price of Rs 45.03 per share. The issue will be open for retail investors on Wednesday. Retail investors will get the shares at a discount of 5% below the offer price.