Established in 2008, the Chennai Super Kings (CSK) is a franchise cricket team in the Indian Premier League (IPL) in Chennai, Tamil Nadu. India Cements Limited owns the team through its subsidiary, the Chennai Super Kings Cricket Limited holding company. The IPL festival in India has commenced, bringing the excitement and anticipation for why investing in CSK shares is a compelling opportunity. The Chennai Super Kings (CSK), the most celebrated IPL franchise and last year’s champions, are strong contenders for the 2024 season title. Although the cool “Thala” Dhoni is not the captain, he is a hero to millions of fans, poised to add another feather to their crown.
For investors, CSK is a hidden treasure worth buying at the current share price, offering high returns. The continuous rise in income stream, from increasing ticket sales to lucrative sponsorships, is driving its value. The growth is evidenced by the share price hitting an all-time high of Rs 205 in April, now trading around Rs 19, with potential for further growth.
The current unlisted share price of Chennai Super Kings (CSK) is Rs 170 per share. CSK is an Indian Premier League (IPL) franchise cricket team based in Chennai, Tamil Nadu, owned by India Cements Limited through Chennai Super Kings Cricket Limited holding company. CSK is a dominant force in IPL, having won the title 5 times (in 2010, 2011, 2018, 2021, and 2023) and has the highest win percentage of all IPL teams at 58.48%. The team is captained by Dhoni and coached by Stephen Fleming.
In January 2022, CSK turned India’s first unicorn sports enterprise, with the brand value estimated at around INR 2,500 crore in 2022, making it one of the most valuable IPL franchises. Several factors, including current transaction prices, supply and demand, valuation in the latest funding round, profitability, and return ratios determine the Unlisted share price of CSK. Shares are purchased in lots of 100 shares. While there are risks related to investing in unlisted shares, purchases made from credible brokers and after conducting due diligence could considerably lower these risks. CSK shares started trading at around INR 23-28, and its peak was in 2022 when there was a lot of euphoria around the startup ecosystem in India; the shares touched as high as INR 230.
CSK’s revenue sources comprise media rights income, sponsorship income, advertisement, stadium tickets, and merchandise sales. The company has two subsidiary companies – Super Kings and Joburg Super Kings (PTY) Ltd.
As per Elara Capital, IPL’s media rights will likely fetch over INR 50,000 crore over the next five years (2023-2028), effectively growing 3-4X. As one of the biggest names in the league, CSK is likely to benefit from this trend through higher media-related revenues.
ConclusionIn a nutshell, the current unlisted share price of CSK is INR 170 per share, and the company has a strong track record of success in IPL, making it an attractive investment opportunity for those willing to take on risks associated with unlisted shares. However, investors must conduct thorough due diligence before making investment decisions. Stockify is an innovative investment platform that simplifies trading queries for beginners and experienced investors. With user-friendly features and comprehensive market insights, Stockify empowers users to make informed decisions and manage portfolios efficiently. Stockify fulfills every need of unlisted shares investors, making stock trading accessible and convenient for all.
