Three-time IPL Winner, Chennai Super Kings unlisted stocks are available for purchase in the Minance Private Market for ₹29.00.
It is a franchise cricket team based out of Chennai, Tamil Nadu and currently holds a market value of ₹1,000.00 crores. It is the country’s first-ever cricketing entity to have its unlisted stocks accessible in the market.
Chennai Super Kings started in 2008, during the first IPL, and was sold to India Cements for $91 million and has seen its valuation go more than double since their last win in 2018.
Indian Cement demerged the franchise to a wholly-owned subsidiary in 2015 and later transferred the entire Chennai Super Kings holdings to the shareholders’ trust and distributed a part of the unlisted stocks to non-promoter shareholders of the company.
With the cricket sensation, M.S. Dhoni as its captain and brand ambassador, CSK has created a strong and bold image of its franchise in the market, ones that are never likely to lose. Its marketing strategy by creating catchy videos such as the famous “Whistle Podu” led to attracting more fans and increasing the visibility of the team.
With a face value of 10 paise for the unlisted stocks and a paid-up capital of ₹3.1 crores, the unlisted stocks have seen a huge increase in the value from ₹13-15 per share in November 2018 to ₹30 in January 2020. Chennai Super Kings pulled out a profit of ₹111 crores against a loss of ₹52 crores in March 2019.
It is yet unsure of the unlisted stock going public any time soon and this is more of a speculative investment than a fundamental investment. il HNIs fond of cricket are buying the unlisted stocks of Chennai Super Kings; it is also a low-priced unlisted stock adding more value to their portfolio before even going public.