CHENNAI SUPER KINGS CRICKET UNLISTED SHARE | CSK SHARE PRICE | COMPANY OVERVIEW.
The cricket franchisee team that competes in the Indian Premier League is called Chennai Super Kings Cricket Limited (CSK), and it is situated in Chennai, Tamil Nadu (IPL). When the company acquired the Chennai franchisee business of the BCCI-IPL titled Chennai Super Kings from Indian Cements, the company was incorporated in the year 2015 as a wholly owned subsidiary of India Cements.
The firm has the highest win % across all IPL matches and has won four IPL championships in 2010, 2011, 2018, and 2021. Mahendra Singh Dhoni, a former captain of the Indian Cricket Squad, is the current captain of the Chennai Super Kings (CSK) team.
The price of Chennai Super Kings unlisted share (CSK), an Indian Premier League (IPL) team, has increased by 25% year-over-year (YoY) to Rs 200-205 per share compared to Rs 160-165 per share in 2021 due to investor interest. CSK unlisted share price has currently valued at Rs 6,300 crore, according to The Economic Times.
CSK Business Model | CSK SHARE PRICE | Chennai Super Kings
The following sources provide the majority of the company's revenue:
A portion of the IPL tournament's broadcast rights (collected by BCCI and shared with teams).
Sponsorships by brands.
Match fees, prizes, and revenue from team merchandising are all tournament-related sources of income.
According to experts, CSK Cricket Team attracted investors because of increased sponsorship, royalties, and product revenue as well as a somewhat "cheaper" price-earnings ratio compared to other international sports franchises.
Demand for the recently added Gujarat and Lucknow franchises, which were purchased for hefty sums of Rs 5,625 crore and Rs 7,000 crore instead of the base price of Rs 2,000 crore each, is another factor contributing to the rise, the article claimed.
According to estimates, CSK has 308 million unlisted shares, of which 5-7 percent typically trade, increasing their secondary market activity. Radhakishan Damani, a major shareholder in CSK, owns Avenue Supermarts.
There are currently no updates on Chennai Super Kings' planned IPO.
CSK Unlisted Shares Valuation
The company is anticipated to become India's first sports unicorn with a market capitalization of over 4,200 crores. Unlisted Shares has further increased as a result of the revelation that there would be two additional teams competing in the 2022 IPL season. The limited number of clubs in the IPL tournament, the excellent CSK brand value, and the strong investor backing make investing in CSK unlisted shares desirable from the Indian audience's perspective. In addition, investors cannot purchase any other team shares in the market save CSK.
India Cements Shareholders Trust owns 30% of CSK Cricket Limited, followed by Sri Saradha Logistics Pvt Ltd with 7% of the company's shares and LIC with 6%. The company's registered office is located at Dhun Building, 827, 3rd Floor, Mount Road, Anna Salai, Chennai, Tamil Nadu, and it is currently unlisted.
Chennai Super Kings Cricket Peer Comparison
Team CSK used to participate in the IPL championship with 7 other teams until 2021. However, after the admission of two additional clubs, Lucknow and Ahmedabad, to the IPL, there will be competition among a total of 10 teams starting in the 2022 season.
There are currently no team shares other than CSK that can be purchased.
Key Business Highlights
According to a 2019 IPL brand valuation study by Duff & Phelps, the Chennai Super Kings (CSK) brand is worth Rs. 732 Crs.
After the Mumbai Indians, it is valued at the second-highest level.
There are a few well-known and elite athletes on the Chennai Super Kings (CSK) team, including Ms. Dhoni (Wicket Keeper & Batsman), Dwayne Bravo, Francois Du Plessis, Shane Watson, etc.
To view the team page, go to (https://www.chennaisuperkings.com/CSK WEB/module/news/html/team-page.html).
It will be the first cricket-related firm to list on the BSE or NSE.
After suffering losses in 2017 and 2018, it is now profitable.
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