IPO scorecard in 2024: 47% average return, 7 multibaggers. Will it get bigger and better?

Only 10 of these IPOs have recorded negative returns relative to their offer prices, according to Prime Database. Among the standout performers, Jyoti CNC Automation leads with a remarkable 253% increase from its offer price of Rs 331. Other significant gainers include Bharti Hexacom at 154%, Premier Energies at 147%, and Bajaj Housing Finance at 134%.