Hazel Infra Limited has informed the Exchange about an announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 26,38,747 Equity shares of face value of INR 10/- each of Swan Defence and Heavy Industries Limited. Date and time of the opening of the offer for Non-Retail Investors: March 18, 2026 at 9:15 a.m.; Date and time of the closing of the offer for Non-Retail Investors: March 18, 2026 at 3:30 p.m.; Date and time of the opening of the offer for Retail Investors: March 19, 2026 at 9:15 a.m.; Date and time of the closing of the offer for Retail Investors: March 19, 2026 at 3:30 p.m. The Sale shall continue to take place on a separate window of the Stock Exchanges commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date. The Floor Price for the Offer shall be INR 1900/- (Rupees One Thousand Nine Hundred Only)
SWANDEF · price
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Hazel Infra Limited, the promoter of Swan Defence and Heavy Industries Limited, is selling up to 26,38,747 equity shares (representing 5.01% of the company's paid-up share capital) through the stock exchange OFS mechanism. The floor price has been set at ₹1,900 per share. The OFS will take place over two days: March 18, 2026 (for non-retail investors, 9:15 AM to 3:30 PM) and March 19, 2026 (for retail investors, same timing). JM Financial Services Limited is acting as the seller's broker. The OFS is being conducted to help the company meet the minimum public shareholding requirement of 25% as mandated under SEBI rules. No discount is being offered to retail investors, and there is no green shoe option.
This OFS is regulatory-driven to lift public shareholding to the required 25% level, which should improve stock liquidity over time. In the short term, the supply of 5.01% additional shares may create some price pressure around the ₹1,900 floor price level, while retail investors get an opportunity to buy shares directly from the promoter at a transparent price.