Those skeptical argue that more than the business outlook, it’s the current market momentum the company is trying to tap. The 14-year-old digital payments and financial solutions firm claims to have reported profit after tax in the first two quarters of FY24.
In January 2022, CSK became India's first unicorn sports enterprise when the BCCI sold its two franchises of Lucknow to RPSG Group and Ahmedabad to Capri Global for Rs 7,090 crore and Rs 5,625 crore, respectively.
While the Paytm listing debacle dampened sentiment, the IPO market is now turning its worries to the Omicron variant and possible interest rate hikes by the US Federal Reserve.