Swan Defence's Offer for Sale gains traction with institutional backing. Nikhil Kamath and Quant Mutual Fund anchored a significant portion of the OFS, which raised approximately 500 crore rupees. The offering was oversubscribed 1.2 times, with strong demand from long-term institutional investors including Bank of India. The average realised price ranged between 1,905 and 1,910 rupees per share. This robust response reflects growing investor confidence in India's defence and shipbuilding sectors amid geopolitical developments in West Asia. Swan Defence has demonstrated operational strength through recent order inflows, including contracts from Norwegian shipping companies and the Royal Navy of Oman, alongside timely completion of repair projects for Indian Coast Guard vessels and commercial ships.
