Waaree Energies Ltd is expected to have a strong stock market debut on October 28, with analysts predicting a significant premium on listing day.

Experts believe that Waaree Energies shares could debut with a premium close to or exceeding 100 percent, driven by the company's prominent position in the solar photovoltaic (PV) module manufacturing sector. Narendra Solanki, Head of Fundamental Research at Anand Rathi Shares and Stock Brokers, emphasized the strong fundamentals and market reach of Waaree, suggesting a potential significant increase in stock value. Sagar Shetty, Research Analyst at StoxBox, estimated a debut premium of approximately 102% over the IPO's upper price band, highlighting Waaree's extensive installed capacity of 12 GW and competitive advantages in the solar energy market.

The company's IPO received overwhelming demand, closing with a subscription rate of 76.34 times, indicating strong interest from institutional investors. The share price is set between Rs 1,427 and Rs 1,503, and anchor investors have already invested Rs 1,277 crore prior to the public offering.