Overview of Chennai Super Kings and CSK Unlisted Share Price

The Chennai Super Kings (CSK) is a franchise cricket team based in Chennai, Tamilnadu which plays in the Indian Premier League (IPL).Founded in 2008, the team plays its home matches at the M.A Chidambaram in Chennai. After serving a two-year suspension from the IPL starting July 2015 for the alleged involvement of their owners in the 2013 IPL betting case the Chennai Super Kings returned to the league in 2018, winning the championship in the comeback season, it's third overall to tie Mumbai Indian for the record for most IPL title wins. The team is captained by Mahendra Singh Dhoni.

The brand value of the Super Kings in 2018 was estimated at $65 million, making them the most valuable franchise in the IPL as per the Brand Finance Report.

One of the major boosts for IPL this year, as per the Brand Finance report, was not just television viewership which grew by 11%, but also the fact that over 200 million people watched the tournament on digital platforms such as Hotstar. "Cricket enthusiasts who did not get tickets to see the games live could watch the competition in specially designated Fan Parks in 36 cities across the country. Family-friendly and free to attend for all, Fan Parks offered music, entertainment, and a range of merchandise stalls, bringing stadium atmosphere to city centers on a scale larger than ever," points out the Brand Finance report.

CSK share price

Demerger from India Cement

The India Cement on 26.09.2014 approved a demerger of Chennai Super Kings a BCCI-IPL Franchise 20/20 Cricket Tournament Team into a wholly-owned subsidiary by transferring its net assets at cost. So with effect from 01.01.2015, a new wholly-owned subsidiary will get incorporated. The shareholders of CSK will get one share of CSK for every one share of India Cement.

India Cements had transferred its holding of CSK to India Cements Shareholders Trust on October 9, 2015, as the date fixed for allotment of the shares. The shareholders of the company were allotted a share each for every India Cements shares they owned. However, since that time period, CSK, along with Rajasthan Royals had to serve a two-year suspension due to respective team principals Gurunath Meiyappan and Raj Kundra being found to be involved in the suspicious betting activity

How CSK Unlisted Share Price Moves After and Before IPL?

If you have seen our last Webinar, we have discussed in detail how price movement occurs in the unlisted shares prices in the short-term and the long-term. We have explained how demand and supply plays an important role in the short-term in determining the price of unlisted shares. On that similar line, from the last 3 years, we have seen how CSK Share Price rises before the start of IPL season and then subdued after IPL finishes based on demand and supply.

The track record of CSK is best in the IPL and the Super Kings have won the IPL title four times (in 2010, 2011, 2018, and 2021), and have the highest win percentage of matches among all teams in the IPL (59.83%). Seeing the past glory of CSK the demand for the unlisted shares increases just before the start of IPL, as investors presume that CSK may either win the tournament or atleast finishes in the top 4. And, we have seen whenever CSK either wins or finishes in the top-4, the CSK Share price rises in the unlisted market.

The analogy is very simple, if you see the business model of IPL, if team performs well, their rating and brand value increases, which ultimately increases the valuation or per share value of the team. And, if CSK wins an IPL, that will add more value to the CSK Share Price.

In the unlisted market, only CSK Unlisted Shares are available. So, if anyone wants to be a part of the success of the IPL, they will have to buy unlisted shares of CSK And, that is why investors are flocking to buy unlisted shares of CSK before IPL 2022 season and the number of queries asking CSK Share Price are also increasing.

In the last past 6 months, the CSK Share Price or valuation has soared and reached to a unicorn club thanks to the new team of Lucknow which was sold in the IPL at whopping ~7100 Crores. This shows how much bidders are willing to pay to buy the team in the IPL.

Next season of IPL is starting from 02 April 2022 and we have already seen that the demand is rising for the CSK Unlisted Shares among investors. Another reason why investors are buying CSK Unlisted Share is the auction of Media and Broadcasting rights which is about to happen. Based on demand generated among bidders for media and broadcasting rights, the CSK Share Price may rise further in the unlisted market.

Last 1 year CSK Unlisted Share Price Movement

Looking at the top companies in unlisted space, you will find most of the Companies have lost their shares values upto 50% in the last one year and CSK was no different. However, CSK was less impacted compared to other Companies. The per share price of CSK in March 2022 was approximately Rs. 225 which is now being traded around Rs. 180. In the last one year, the franchise has lost 20% of its share value.

The fall in the share price of CSK could be attributed to the poor performance of the franchise in the IPL which lowered the demand for the share of the franchise resulting in a drop in the share price.

Current Valuation of CSK Unlisted Share Price in the market

According to Forbes, the CSK brand is worth $1.15 billion. CSK is the second most valued franchise after Mumbai Indians whose valuation stands at a whopping $1.3 billion.

In the unlisted market CSK Unlisted Share Price is ₹160 per share and with outstanding shares ~36 Cr, the Mcap is ~5700 Crores which looks undervalued as compared to last team sold in the market.

Chennai Super Kings (CSK) IPO News

CSK is not listed at the stock exchanges and the shares of the Company are not publicly traded. The franchise has not shown any interest to raise funds from the stock market as they do not need any fund to run the franchisee.

FAQ about CSK Unlisted Shares

1. Is CSK listed in stock market? Ans. No, CSK is currently not listed in the stock market. Though its unlisted shares are available in the market, which you can easily buy with India's leading unlisted platform i.e. UnlistedMartIndia

2. Can I buy shares of CSK? Ans. Yes, you can easily buy CSK unlisted shares at the UnlistedMartIndia platform.

3. What is the stock price of CSK? Ans. As of 03.May.2023, CSK unlisted share price is trading at ₹168 per share in the market.

4. Does Dhoni have shares in CSK? Ans. Yes, some of the reports state that Mahendra Singh Dhoni have bought 15% stake in sports marketing firm Rhiti that manages him and Chennai Super Kings