The schedule for the mega auction for the Indian Premier League (IPL) has been finalised. It will be held on February 12 and 13 in Bangalore.
Official communication from the Board of Control for Cricket in India (BCCI) is awaited, but Cricbuzz can confirm that the IPL officials have called each franchise on Thursday (December 23) to inform them of the dates
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Indian Premier League chairman Brijesh Patel confirmed that the 2020 edition of the tournament will be played between September 19 and November 8.
The communication for the same has been sent to the eight franchises.
As per news published in ET today,
CSK is now trading at Rs. 30 per share at a market value of Rs. 1,000 crore in the unlisted market. Retail high-net worth individuals are buying the currently unlisted stock.
ET had reported in November 2018 that CSK shares were selling in the unlisted market at Rs. 13-15 per share at a valuation of Rs. 450 crore.
Hello, The most updated current price is 85-90 for today. The prices are increasing every passing minute, Kindly book your shares with us.
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Min Quantity: 500 - 1000 shares per lot.
On May 2018, the JSW Group has bought 50% Stakes in Delhi Daredevils wherein they have bought close to 5,87,588 number of shares at Rs. 550 Cr. The Delhi Daredevils valued at 1100 Cr during a deal JSW Group on May 2018. The EBITDA of Delhi daredevil for FY17-18 was 25 Cr which translate into EBITDA Multiple of 44x. The EBITDA of FY18-19 is 96 Cr, even if we give a reasonable EBITDA Multiple of 15x to Delhi-Daredevil, the Valuation comes out at ~1500 Cr.
The CSK has clocked an EBITDA of 163 Cr. If we give the valuation of ~1500 Cr to CSK the fair value per share would be close to ~Rs. 50.
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The way Cricket is loved in India, I think one should definitely look to pounce on Chennai Super King Shares available at a good valuation. The craze of IPL is getting bigger and bigger as the league is getting old. The way Delhi Daredevils have performed in terms of Revenue this season the future of the sports league is looking very bright. The Revenue was almost tripled in the first 6 months of the year as compared to last year.
Delhi Daredevil FY Performance:
2014-15
Revenue= 117 Cr
PAT= -20 Cr
EPS= -210
2015-16
Revenue= 137 Cr
PAT= -6.1 Cr
EPS= -68
2016-17
Revenue= 132 Cr
PAT= -9 Cr
EPS= -96.93
2017-18
Revenue= 136 Cr
PAT= 1.9 Cr
EPS= 19.88
6MFY18-19
Revenue= 316 Cr
PAT= 69 Cr
EPS= 605
On May 2018, the JSW Group has bought 50% Stakes in Delhi Daredevils wherein they have bought close to 5,87,588 number of shares at Rs. 550 Cr. The Value of one share 9360. With an EPS of 605, the P/E of Delhi Daredevils is 15.47.
The Delhi Daredevils valued at 1100 Cr during a deal Kings,W Group in May 2018.
Please note that Face Value of Chennai Super Kings Cricket Ltd is Re 0.10 (10 paise) and not Rs. 10
Interesting parallels can be drawn from Delhi Daredevils now Delhi Capitals on the value and earning visibility. They have published 3 years annual accounts and half yearly statements for period ending Sept 30th 2018.
The financial statement of this IPL team can give some visibility on how the earnings are made and what would be the likely valuations given the fact that Chennai Super Kings is much better team compared to all other teams in the IPL, in my view it should enjoy better valuations. This is my personal view.
1. Many investors who got CSK shares last month were seen selling them off-market. Savvy investors are interested in buying CSK share.
2. There is a good demand for CSK shares in off-market as it’s currently trading at a discount to its brand as per market experts.
3. According to an Economic Times report, investors are lapping up shares the CSK-ownership entity Chennai Super Kings Cricket in off-market transactions.