New Delhi, Dec. 10 -- Shares of Aequs Ltd, a contract manufacturing firm specialising in consumer durable goods and aerospace parts, finished their first trading day on Dalal Street with solid gains.

The shares listed at a premium of 13% over the issue price of Rs.124 and went on to maintain the same momentum towards the close, settling at Rs.151.30 apiece, which is 22% higher than the IPO price.

The company's market valuation stood at Rs.10,146 crore on the BSE. Following the solid debut, analysts suggested that investors who received allotments could hold the stock for the long term.

Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd., said the listing was well below their expectations, giving more reason to accumulate and h...