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.
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.
To check CSK Share Price movement, you should download our Android App where you will get the last traded CSK share price along with the last traded price of other unlisted shares. In the UnlistedZone app, you can also check the historical CSK Share Price. It's a free app that you can download from Playstore. Another way to check CSK Share price is to register on UnlistedZone.live website. There also you can get the last trade CSK Share price along with its historical graph as shown below:
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.
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. Unlistedzone
2. Can I buy shares of CSK? Ans. Yes, you can easily buy CSK unlisted shares at the UnlistedZone 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
5. How can I check CSK Unlisted Share Price? Ans. You can check CSK Unlisted Share Price at UnlistedZone Website or UnlistedZone App Note: Check the Latest CSK Unlisted Share Price at UnlisteZone Android or iOS Mobile App.
UZ Review FY18-19
1. In the year 2018-19, CSK Financials in form of Sponsorship rights, Central Rights, and Gate collection have shot up which has increased the revenue multi-folds. In 2017, the Chennai Super Kings didn't participate in the IPL due to corruption issues that is why the revenue of 2018-19 can't be compared with 2017-18.
2. The company has clocked a profit of 111.2 cr in FY18-19.
3. The paid-up capital is 3.0815 Cr, as on 31.03.2019.
4. The company has clocked an EPS of 3.61 in FY18-19. Currently, the stock is trading at P/E multiple of 7x.
5. Mcap of Chennai Super King at Unlisted Market rate of Rs. 26 is 801 Cr. In 2014, the Chennai Super Kings sold to India cement at ~600 Cr Valuation.
6. The company has some key investors and the same is available in the shareholding pattern as mentioned above.
UZ Review 2019-20
1. This year the revenue has reduced from 417 Crores to 356 Crores mainly on account of reduction of income from grant of central rights from Board of Control for Cricket in India (BCCI). Accordingly, the PAT has also gone down from 110 Crores to 50 Crores.
2. In the year FY19-20, Mutual funds has reduced their stakes from 10808230 shares to 3078949.
3. In the year FY19-20, Banks and Insurance companies have increased their stakes 775406 and 21918038 to 775456 and 22068038, respectively.
4. Radhakishan Damani has bought 17 Lakhs shares in the month of Nov and Dec-19.
UZ Review in FY20-21
1. On examining the CSK Financials of Fy20-21, there is a drop in total revenue and profit for the year 2020-21 compared with the previous year. It has happened mainly due to reduced revenues on account of COVID 19 pandemic.
2. Cost of operations has also reduced from Rs.256 Crores to Rs.180 Crores on account pandemic which has helped maintain profitability.
UZ Review of FY21-22
1. The expenses has increased this year IPL as the tournament was split into two parts, and the second part of the competition took place outside of the country, both of which contributed to an increase in expenses for the period under consideration. The fact that the team ultimately prevailed led to an increase in revenue as well.
2. The Company is planning to create a High-Performance Centre on its land at Navallur for providing state of art training facilities to cricketers and sports persons. The training facility will also have a sports complex and a cricket ground for Chennai Super Kings to have their pre-match practice sessions.
3. The Company submitted a bid on 13th July 2022 to acquire a franchisee in the T20 domestic league conducted by Cricket South Africa, pursuant to which, a license was granted for participating in the league in the city of Johannesburg. The 1st edition of the tournament is likely to take place in January and February 2023.
The outlook of IPL:
a) IPL witnessed a major milestone on 2021-22, for instance, television rights for the Indian subcontinent have been sold for Rs 23,575 crore to The Walt Disney Company India owned Star, while the digital rights have been bagged by Viacom18 for Rs 23,758 crore for 410 matches. So, an increase of almost 3x in the revenues for the next 5 years as compared to last 5 years rights income.
b) Each year BCCI and IPL franchises will earn ~10000 Crores. 50% will be distributed among teams and 50% will go to BCCI.
₹185
*Best In Industry
Find answers to common questions that you may have in your mind.
Please find below the procedure for buying CSK Unlisted Shares at UnlistedZone.
Please find below the procedure for selling CSK Unlisted Shares at UnlistedZone.
The lock-in period for CSK Unlisted Shares varies depending on the category of investors:
This regulation was introduced by SEBI in August 2021. The rule change, which reduced the lock-in period from one year to six months, was aimed at encouraging more investments in startups that are preparing for public offerings or IPOs. This reduction in the lock-in period is seen as a significant step forward, and since its introduction, many Portfolio Management Services (PMS) have been advising their clients to invest in Pre-IPO shares to capitalize on the benefits of early-stage investments.
DIS, or Delivery Instruction Slip, is a tool used by investors to sell or transfer CSK Unlisted Shares from their demat account to another. There are two types of DIS Methods:
1. Offline-DIS: This is a traditional, paper-based method for transferring shares. When using Offline-DIS, investors are required to fill out a DIS form and submit it to their broker. The necessary fields in the form include:
a. ISIN number of CSK Unlisted Shares.
b. Name of CSK Unlisted Shares.
c. Quantity of CSK Unlisted Shares.
d. Consideration Amount.
e. Target DP ID and Client ID.
f. Annexure.
2. Online DIS: Some brokers offer the facility to transfer CSK Unlisted Shares through an online DIS system. It's advisable to check with your broker if such a facility is available.
For instance, platforms like Angel Broking provide an Online-DIS feature. In this method, an investor simply needs to add a beneficiary and transfer CSK Unlisted Shares by filling in details similar to those required in the Offline-DIS.
For a more comprehensive understanding of this process, you can refer to our detailed article: https://unlistedzone.com/how-do-i-sell-my-unlisted-shares/
In recent years, the unlisted share market has expanded significantly, leading to a reduction in the minimum investment amount. Previously, the typical investment ticket size ranged from 5-10 Lakhs, but in the current market scenario, it has decreased to between 35-50k. Therefore, through our UnlistedZone platform, if someone wishes to invest in CSK Unlisted Shares, the minimum investment required would now be in the range of 35-50k
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates:
Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favorable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period:
The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance.
When you purchase CSK Unlisted Shares through UnlistedZone, it's important to note that, as per SEBI regulations, these shares can only be transferred to a demat account.
There are two primary ways to check the credit of CSK Unlisted Shares in your account:
1. Using NSDL or CDSL Applications:
Download the NSDL or CDSL application from the Google Play Store.
To determine whether your stock broker is registered with NSDL or CDSL, you can examine the format of your Demat Account number. The Demat Account number consists of 16 characters, combining the DP ID and Client ID.
DP ID is the unique identification number of the Broker, assigned by CDSL or NSDL.
Client ID is the unique identification number of the Client, representing their portfolio.
In CDSL, the Demat Account number is entirely numeric (e.g., 12345678 for DP ID and 91234567 for Client ID).
In NSDL, the first two characters are alphabetic, representing the country (e.g., 'IN' for India), followed by a 6-digit unique number for the Broker (DP ID) and an 8-digit Client ID (e.g., IN123456 for DP ID and 78912345 for Client ID).
2. Checking in Broker's Application:
The credit of CSK Unlisted Shares can also be checked in your broker's application. However, it's important to note that it may take T+2 days for the shares to show up in the application after the transaction.
The CSK Unlisted Shares are credited in the demat account on the same day as the transfer of funds into our company's bank account.
"The price of CSK Unlisted Shares can be checked in two ways. First, you can join our Telegram channel, where we share the latest prices of all unlisted shares daily in the morning. Secondly, you can check price on our UnlistedZone platform to view historical graphs and prices of all shares in one place."
Investing in CSK Unlisted Shares, like any investment, carries certain risks that should be carefully considered:
1. Liquidity Risk: Unlisted shares, by their nature, are not traded on public stock exchanges. This can result in lower liquidity compared to listed shares, meaning it might be more challenging to find buyers when you wish to sell your shares.
2. Price Volatility: The price of CSK Unlisted Shares can be more volatile compared to listed shares. This is partly due to the lack of regular public trading and potentially limited information available about the company's financial health and performance.
3. Regulatory Risk: Unlisted shares are subject to different regulatory frameworks than listed shares. Any changes in regulations or compliance requirements can impact the value and tradeability of these shares.
4. Limited Information: There may be less publicly available information about unlisted companies. This can make it more difficult to assess the company's true value and potential for growth, increasing the risk of investment.
5. No Guarantee of Future Listing: Investing in CSK Unlisted Shares with the expectation of future listing on a public exchange carries the risk that the listing may not occur. This can affect both the liquidity and potential value appreciation of the shares.
6. Company-Specific Risks: Each company has its own set of risks based on its industry, management, financial health, and market position. These risks can significantly impact the performance of your investment in CSK Unlisted Shares.
UnlistedZone: Pioneering Excellence in India's Unlisted Share Market
UnlistedZone stands as India's fastest-growing and leading marketplace for buying and selling unlisted shares. Over the past 5 years, we have carved a niche in the financial market, website hit user inflows over a 2 million users on our platform since inception. This remarkable journey is underscored by the sheer volume of transactions facilitated through UnlistedZone, which has already surpassed the 300 Crore mark.
At the helm of our success are our esteemed co-founders, Mr. Umesh Paliwal and Dinesh Gupta. Their insights and expertise are regularly sought after by leading financial publications such as MoneyControl, Business Standard, and The Economic Times, particularly for their authoritative views on IPOs and the unlisted market. Our journey over these 5 years has not just been about numbers; it's been about building trust and reliability.
UnlistedZone has established a formidable reputation in the industry, earning the trust and confidence of our users. This trust is our cornerstone, ensuring that new investors can engage with us without the apprehensions of fraud that are often associated with unknown brokers in the market.
At UnlistedZone, we are committed to maintaining the highest standards of transparency and integrity, ensuring that your investment journey is not just profitable but also secure and trustworthy.
Valuation Methodology at UnlistedZone for CSK Unlisted Shares
At UnlistedZone, we employ a meticulous and strategic approach to valuing CSK Unlisted Shares, utilizing two primary methods: Benchmark Valuation Based on Latest Funding:
1. Our first step is to examine the most recent funding round for CSK Unlisted Shares. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts. This method is particularly effective in capturing the latest market sentiment and financial health of the company.
2. Comparison with Listed Peers: In cases where there hasn't been recent funding for CSK Unlisted Shares, we adopt a comparative approach. This involves identifying a business in the listed market that closely resembles CSK Unlisted Shares in terms of industry, size, and business model. By comparing and contrasting the two, we can ascertain a fair valuation for CSK Unlisted Shares, drawing on the market data and performance metrics of its listed counterpart.
Investor Advisory: As experts in the unlisted space, we at UnlistedZone emphasize the importance of thorough risk assessment to all our investors. It's crucial to evaluate all risk parameters carefully before investing in unlisted shares. This due diligence is key to making informed and strategic investment decisions in the dynamic and evolving unlisted market.
"At UnlistedZone, our approach to sourcing CSK Unlisted Shares involves a strategic and direct method. Primarily, we acquire these shares from two key groups:
1. Employees of the Company: Often, employees of a company receive shares as part of their compensation or through employee stock option plans (ESOPs). Over time, some of these employees may decide to liquidate their holdings for various reasons, such as financial needs or portfolio diversification. We engage with these employees, providing them a platform to sell their shares.
2. Initial Investors: These are the early-stage investors or angel investors who provided capital to the company during its initial phases. As the company grows and evolves, these initial investors might look to sell part or all of their stake in the company. This could be for reasons like capitalizing on their investment, reallocating assets, or other strategic financial decisions.
By connecting with these groups, UnlistedZone ensures a reliable and consistent supply of CSK Unlisted Shares for our clients. This method not only helps employees and initial investors in liquidating their assets but also provides our clients with access to shares that are not readily available in the public market. It's a win-win for both the sellers and buyers, facilitated efficiently through our platform."
"The Securities and Exchange Board of India (SEBI) does have a regulatory influence on the unlisted market, though it's not as comprehensive as its oversight of the listed markets.
Key aspects of SEBI's involvement in the unlisted space include:
1. Applicable Rules and Regulations: Certain SEBI regulations are indeed applicable to transactions in the unlisted market. This includes the mandatory lock-in period of 6 months, the requirement to pay stamp duty, and depository participant (DP) charges for every transaction. These measures are in place to ensure a certain level of standardization and protection in the unlisted market, similar to those in the listed markets.
2. Lack of Specific Regulation for Unlisted Brokers: As of now, SEBI does not have specific regulations for becoming an unlisted broker. This means that while certain SEBI rules apply to transactions within the unlisted market, the process of becoming a broker in this space is not directly regulated by SEBI. This lack of direct regulation highlights the importance of due diligence by investors when engaging with brokers in the unlisted market.
3. Investor Protection and Transparency: The regulations that do apply, such as the lock-in period and transaction charges, are designed to protect investors and add a layer of transparency to these transactions. They aim to mitigate some of the risks inherent in trading unlisted securities, which typically don't have the same level of public scrutiny and regulatory oversight as listed securities. In summary, while SEBI's regulatory framework does extend to certain aspects of the unlisted market, it does not comprehensively regulate all aspects of it, particularly concerning the accreditation of unlisted brokers. This underscores the need for investors to exercise caution and conduct thorough research when participating in the unlisted market."
"For comprehensive and up-to-date news and information about CSK Unlisted Shares, we have several platforms to keep you informed. Our website is regularly updated with the latest insights and developments. For real-time updates and engaging discussions, you can join our Telegram channel. Additionally, follow us on Twitter for quick news bites and industry trends. And for more in-depth analysis and informative content, subscribe to our YouTube channel. These resources are designed to provide you with a well-rounded understanding of the unlisted market, ensuring you have access to all the information you need about CSK Unlisted Shares."