There’s been a noticeable increase in investor interest in the Indian Premier League team Chennai Super Kings (CSK). The CSK share price is selling for Rs 75-80 per unlisted share, compared to the Rs 45-55 per unofficial share till June 2020, but significantly lower than March 2021. The company’s unlisted stock has a value of Rs 2,500 billion.
CSK is the only Indian sports team whose shares are open to the public, and its historic success makes it a popular topic of conversation. When the COVID-19 crisis is resolved, its value will rise. CSK’s brand worth has been reduced by 16.5% to Rs 611 crore in 2020, according to research firms that took into account the implications of COVID-19 on cricket events.
The company is predicted to become the first sports unicorn in India, with a market value of over 4,200 crores. The value of a CSK unlisted share price has risen significantly with the announcement that two more teams will join the Indian Premier League in 2022.
The strong and sustained enthusiasm in cricket among the average viewer, the handful of teams in the IPL league, the solid value of the CSK brand, and the strong support of investors make investing in the unlisted shares of CSK appealing. In addition, there aren’t any other shares of any IPL club accessible for investors to buy in the market, save than CSK.
What factors go into determining the share price of the CSK?
A wide range of factors influences the price of unlisted shares. The pricing of unlisted shares is influenced by several other factors besides supply and demand, such as recent transactions on the same stock, the company’s most recent fundraising round, and the value levels of similar-sized companies.
When CSK was split from India Cements in November of last year, its stock skyrocketed by almost 1,000 percent. According to dealers, there is still a lot of steam in the tank. The following are some of the advantages of owning unlisted offerings from the Chennai Super Kings, which include:
Investing in a high-value asset: The stocks tend to be overestimated or underestimated over long periods due to the lack of liquidity. It is thus possible to make significant gains for the venture on the probability that a specialist can invest when stock is undervalued.
Future possibilities: It is common for these unlisted shares to be of lesser size and have yet to reach a point in which they can expand to the rest of the globe and profit from their capital requirements. Giving when the company is little and receiving through its growth when it registers on value markets, thus, consistently produces outstanding returns that can be deduced from minimal base impact.
Diversification: Speculators who invest considerable money in listed equities markets might diversify their risk by investing in unlisted shares. According to statistics, the IPL’s TV viewership grew by 11% this year, and over 200 million people tuned in to watch the competition on the advanced stages.
The process of purchasing unlisted shares of CSK is quite straightforward. Once you’ve agreed on the CSK share price and quantity, you’ll need to send the money to the seller’s account. Your account will be credited with the stocks either before the end of the next working day or on the same day after you transfer funds and share transaction details with the seller.
