Offer For Sale | ₹501.36 Cr. | Listing at BSE, NSE
Swan Defence & Heavy Industries Ltd. is an Offer for sale of equity shares by Hazel Infra Ltd. through the stock exchange mechanism.
The OFS is conducted at a floor price of ₹1,900 per share and cut-off price of ₹[.] per share, with a face value of ₹10 per share, for an aggregate of 0.26 crore equity shares, representing an overall issue size of of and an oversubscription of equity shares.
Of the total shares offered , 0.03 crore equity shares are reserved for retail investor , with the balance of 0.24 crore equity shares allocated to non-retail investors.
The non-retail portion opens on Mar 18, 2026, followed by the retail portion on Mar 19, 2026. The OFS is conducted through the NSE and the BSE.
The OFS follows a price priority allocation methodology. Retail investors are eligible for allocation at the cut-off price , while non-retail investors bid above the floor price , in accordance with exchange guidelines.
Investors are advised to refer to the OFS notice Opening of OFS and exchange circulars for detailed information, including bidding process, allocation methodology, and settlement timelines.
Retail Date
Thu, Mar 19, 2026
Non-Retail Date
Wed, Mar 18, 2026
Cut-off Price
[.]
Listing At
BSE, NSE
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 2,891.77 | 2,743.42 | 2,785.42 |
| Total Income | 17.53 | 2.46 | 7.76 |
| Profit After Tax | -181.50 | -121.36 | 17,936.93 |
| Amount in ₹ Crore | |||
Swan Defence and Heavy Industries Limited (SDHI) is India’s largest shipyard, accounting for 30% of the country’s shipbuilding capacity. Located on the west coast of India in Gujarat, SDHI provides a strategic advantage for both domestic and international customers. The shipyard enjoys geographical proximity to key global trade routes and maritime hubs, as well as comprehensive multi-modal connectivity by sea, rail, air, and road for inland transport and logistics. SDHI offers exceptional facilities for the construction and repair of commercial and defence vessels, including repairs for Jack-Up Rigs, offshore vessels, and heavy fabrication for offshore projects in Oil & Gas, Yellow Goods, and offshore wind farms. Spread across over 600 acres, our shipyard features one of the world's largest dry docks (662m x 65m), capable of supporting vessel builds up to 400,000 DWT. It is home to one of India's largest fabrication sites, situated in a Special Economic Zone, with a dedicated 2.41 million sq. ft. of covered shed enabling year-round fabrication. The annual steel fabrication capacity is 144,000 MT. The shipyard is well-positioned to contribute to India's maritime vision of becoming one of the top five shipbuilding nations by 2047. SDHI is a step-down subsidiary of Swan Corp, a diversified conglomerate with interests in India's high-growth sectors, including manufacturing, defence, energy, and real estate.
Swan Defence & Heavy Industries Ltd.
Pipavav Port, Post Ucchaiya
Via-Rajula,
The Swan Defence And Heavy Industries OFS 2026 opens on March 18, 2026, and closes on March 19, 2026.
The issue size of Swan Defence And Heavy Industries OFS 2026 company is issuing a total of 26,38,747 out of which Base issue size is 26,38,747 shares and Oversubscription Option is shares.
The Letter of Offer for Swan Defence And Heavy Industries OFS 2026 can be download here. (Opening of Offer for Sale)
The process to apply for Swan Defence And Heavy Industries OFS 2026:
1. Log in to your broker’s trading platform (web or mobile app).
2. Navigate to the OFS section (sometimes listed under IPO/OFS or corporate actions).
3. Select the OFS you want to apply for.
4. Enter the Number of shares you wish to buy.
5. The price you’re willing to pay per share (must be equal to or higher than the floor price or cut-off price).
Note:
Look for details about the OFS you want to participate in. This includes:
Allotment Timeline:
T Day (Transaction Day):Investors place bids during the OFS bidding window, which typically operates during market hours (9:15 AM to 3:30 PM IST). T+1 Day (Next Working Day):
The company or the selling shareholder, along with the stock exchange, finalizes the allocation based on bids. Shares are credited to the Demat account of successful bidders. For unsuccessful bids or partial allotment, the unutilized funds are unblocked or refunded. T+2 Day (Rare Cases):
If the process involves additional reconciliation or if there’s a delay, shares may be credited by T+2 working days.
Note:
Retail and Non-Retail Investors:The first day of the OFS is typically reserved for non-retail investors, while retail investors participate on the second day. If you bid as a retail investor, the shares are allotted after the second day.
