Small-cap drone maker ideaForge Technology’s stock hit its upper circuit on Monday, 23 June 2025, after the company announced that it had bagged a mini drone manufacturing order worth ₹137 crore from the Ministry of Defence, according to an exchange filing. 

The order details show that the company will supply the Mini UAVs (drones) with their accessories within a time period of 12 months.

“This is to inform you that ideaForge Technology Limited has received an order worth approx ₹137 Crores (all inclusive) to supply Mini UAVs with accessories to Ministry of Defence,” said the company in the BSE filing.

ideaForge is a Mumbai-based manufacturer of Unmanned Aircraft Systems (UAS) or drones for security, surveillance, and other…