India ranks second among all countries in terms of IPO volume

India came in second place in the ranking of countries in terms of initial public offering (IPO) with an indicator of $6.7 billion. This was reported by the Financial Times newspaper.

"The volume of shares raised during initial public offerings this year reached $6.7 billion, compared with $5.4 billion in the same period last year, making India the world's largest IPO market outside the United States," the publication says.

It is noted that lower rates and tax benefits for the population are fueling the interest of retail investors who are actively investing in mutual funds.

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