SynopsisCraftsman Automation shares are under scrutiny as promoter Srinivasan Ravi plans to sell up to 2.01% stake via a block deal worth Rs 486 crore. This secondary transaction, with a floor price of Rs 9,250, follows a recent Rs 2,000 crore QIP. The move aims to monetize holdings and boost liquidity, with Ravi facing a 180-day lock-up. The company reported a strong Q4 with a 74.4% profit surge.Listen to this article in summarized formatETMarkets.comThe proposed deal consists of a base offer size of Rs 375 crore, along with a greenshoe option valued at around Rs 111 crore.Shares of Craftsman Automation will be in focus heading into trade on Tuesday as promoter Srinivasan Ravi is set to pare his stake in the company through a block deal worth up to Rs 486 crore, including a greenshoe option, according to sources cited by ET Now. The transaction involves the sale of as many as 5.25 lakh shares, representing up to 2.01% of the company's equity.The floor price for the deal has been set at Rs 9,250 per share, which is at a discount of up to 2.9% to Craftsman Automation's closing price on the NSE on June 22. The share sale is purely a secondary transaction, meaning the company itself will not receive any proceeds.Also Read | SpaceX loses $600 billion as IPO euphoria fadesThe proposed deal consists of a base offer size of Rs 375 crore, along with a greenshoe option valued at around Rs 111 crore. Following the transaction, Srinivasan Ravi will be subject to a lock-up period of 180 days.Sources told ET Now that the block deal is expected to be executed on June 23, with settlement scheduled for June 24 under the T+1 mechanism. The stake sale comes after a sharp re-rating in the stock and is seen as a move to partly monetise holdings while improving liquidity.The proposed transaction follows closely on the heels of the company's recently concluded Qualified Institutional Placement (QIP), through which Craftsman Automation raised nearly Rs 2,000 crore from institutional investors.As part of the QIP, the company allotted 22.98 lakh equity shares to eligible Qualified Institutional Buyers at an issue price of Rs 8,700 per share. The fundraising exercise generated approximately Rs 2,000 crore.After the allotment, Craftsman Automation's paid-up equity share capital rose to Rs 13.08 crore, comprising 2.62 crore equity shares of face value Rs 5 each. Before the issue, the paid-up equity capital stood at Rs 11.93 crore, consisting of 2.39 crore equity shares.Read more: Oil Price Today (June 23): Crude oil near $78 per barrel as investors track flows through Hormuz. What’s next?The QIP opened on June 15 and closed on June 18. As per the company's March-quarter shareholding pattern, promoters held a 48.70% stake in Craftsman Automation.Craftsman Auto Q4 The company’s net profit for the quarter surged 74.4% year-on-year to Rs 116.4 crore from Rs 66.8 crore in the corresponding period last year, aided by improved operating performance, higher other income and a lower exceptional item charge. The base quarter had an exceptional item of Rs 10 crore, compared with just Rs 54 lakh in the latest quarter.Revenue rose 27.3% from a year ago to Rs 2,226 crore. EBITDA increased 47.2% year-on-year to Rs 358.5 crore from Rs 243.6 crore, while EBITDA margin expanded by over 200 basis points to 16.1% from 13.9% in the year-ago period.Craftsman Auto shares have risen 24% in 2026 and about 85% in the last one year. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)Read More News on(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price...moreless(You can now subscribe to our ETMarkets WhatsApp channel)Read More News on(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price...moreless