In the financial year 2023-24, 76 companies took the IPO plunge, raising a hefty ₹62,000 crore from public investors, marking a significant increase from the previous year. Among these, some standout performers stole the limelight, with five IPOs boasting returns of up to 400%. Leading the pack was Indian Renewable Energy Development Agency (IREDA), with a staggering 356% return, followed closely by Signature Global (India) Ltd and Netweb Technologies India, each offering over 200% returns. Motisons Jewellers and Cyient DLM also delivered impressive gains, highlighting the diverse sectors that flourished in the IPO market. This surge in returns underscores the robust appetite for investment opportunities in India's burgeoning market.