Small-cap drone maker ideaForge Expertise’s inventory hit its higher circuit on Monday, 23 June 2025, after the corporate introduced that it had bagged a mini drone manufacturing order value ₹137 crore from the Ministry of Defence, in response to an trade submitting.
The order particulars present that the corporate will provide the Mini UAVs (drones) with their equipment inside a time interval of 12 months.
“That is to tell you that ideaForge Expertise Restricted has acquired an order value approx ₹137 Crores (all inclusive) to provide Mini UAVs with equipment to Ministry of Defence,” mentioned the corporate within the BSE submitting.
ideaForge is a Mumbai-based producer of Unmanned Plane Techniques (UAS) or drones for safety, surveillance, and different functions.
Shares of the drone maker additionally surged greater than 8 per cent within the second week of June as Israel’s navy strikes on Iran spiked the traders’ curiosity in defence-related shares.
ideaForge Share Value Development
ideaForge shares surged throughout Monday’s inventory market session, hitting its higher circuit after gaining 10 per cent to ₹631.65 in the course of the intraday session.
Shares closed 10 per cent larger at ₹631.65, in comparison with ₹574.25 within the earlier market shut. The drone maker launched the data on the Ministry of Defence drone order e book replace in the course of the mid-stock market session on 23 June 2025.
The inventory has misplaced 51.27 per cent since its itemizing on the Indian inventory market in July 2023. Within the final one-year interval, ideaForge shares are down 22.48 per cent. Nonetheless, on a year-to-date (YTD) foundation in 2025, the shares have gained 1.07 per cent, and are buying and selling 19.78 per cent larger within the final one-month interval.
ideaForge shares hit their 52-week excessive ranges at ₹864.10 on 12 July 2024, whereas the 52-week low degree was at ₹301 on 7 April 2025, in response to information collected from the BSE. The corporate’s market capitalisation (M-Cap) was at ₹2,727.14 crore as of the inventory market shut on Monda, 23 June 2025.
Learn all tales by Anubhav Mukherjee
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