Swan Defence Shares Drop: Swan Defence and Heavy Industries saw its share price go down fast on Wednesday, March 18, 2026. Right after the market opened, the stock hit the lower circuit and dropped 5%. This happened after the company said its promoter plans to sell some shares through the OFS method.
The company shared this update in an exchange filing. It clearly said, “This is to bring to your notice that the pre-dealing application as submitted by Hazel Infra Limited, promoter of the company for disposal of upto 26,38,747 nos. equity shares of Swan Defence and Heavy Industries Limited has been approved,”.
Because of this news, the stock price fell to ₹2,279.20 in early trading. Earlier it had closed at ₹2,399.10. The upper circuit for the stock is ₹2,519. The stock only moves 5% up or down in a day, so once it hit the lower limit, trading was stopped for some time.
Promoter selling shares through OFS
The promoter company Hazel Infra Limited has decided to sell a part of its holding. It plans to sell up to 26,38,747 shares, which is more than 26 lakh shares. Each share has a face value of ₹10. This sale is about 5.01% of the company’s total shares.
These shares will be sold using the OFS route in the open market. On Wednesday, March 18, only big investors could take part. Retail investors can bid on Thursday, March 19, 2026.
Retail investors are allowed to apply for shares up to ₹2,00,000. The company has kept the floor price at ₹1,900 per share.
Some part of the offer is kept for different groups. At least 10% is reserved for retail investors. Around 25% is kept for mutual funds and insurance companies, but only if they bid at or above the floor price.
BEL Wins ₹1,011 Crore Defence Orders, Order Book Grows
Stock performance and returns
Even though the stock fell on Wednesday, it has given very big returns earlier. In one year, investors got more than 2,675.79% returns. In 2026 so far, the stock has gone up over 56%.
In the last one month, the stock gained 27.34%. In the last five trading sessions, it was still up by 4.93% before this fall.
The stock touched its 52-week high of ₹2,489 on Monday, March 16, 2026. The lowest level in one year was ₹82.11 on March 17, 2025.
As of Wednesday, March 18, 2026, the company’s total market value stood at ₹12,007.32 crore.
