RPSG Ventures Stock Locked in 20% Upper Circuit; IPL Franchise Deals Drive Re-valuation

Om DSIJ/ 25 Mar 2026 /Categories: Mindshare, Trending

RPSG Ventures Stock Locked in 20% Upper Circuit; IPL Franchise Deals Drive Re-valuation

Back-to-back IPL franchise deals worth over Rs 31,500 crore, including Royal Challengers Bengaluru and Rajasthan Royals, have set fresh valuation benchmarks

✨ AI Powered Summary

On Wednesday, March 25, 2026, markets closed on a positive note, with the Nifty 50 finishing 1.72 per cent higher at 23,306. Amid this broader market rally, RPSG Venture’s share price hit the 20 per cent Upper Circuit and closed at Rs 720, as investors took note of the rapidly rising valuation benchmarks being set for Indian Premier League franchises.

Every portfolio needs a growth engine. DSIJ’s Flash News Investment (FNI) provides weekly stock market insights and recommendations, tailored for both short-term traders and long-term investors. Download PDF Service Note Here

Two IPL Deals in Quick Succession Set New Valuation Benchmarks for the League

The trigger for the move in RPSG Ventures traces back to two significant franchise transactions that have taken place in close succession. United Spirits announced the sale of its wholly-owned subsidiary Royal Challengers Bengaluru to a consortium comprising Aditya Birla Group, The Times of India Group, Bolt Ventures and Blackstone for Rs 16,600 crore.

Separately, the Rajasthan Royals franchise changed hands at Rs 15,286 crore to a consortium led by US-based entrepreneur Kal Somani, along with the Walmart family and the Hamp family. Together, the two deals aggregate to over Rs 31,500 crore, pointing to the premium valuations that IPL franchises are now commanding in the market.

Why RPSG Ventures Is in Focus

RPSG Ventures, through its parent RP-Sanjiv Goenka Group via RPSG Sports Private Limited, holds ownership of the Lucknow Super Giants IPL franchise. As the two recent franchise transactions set new price discovery benchmarks for IPL teams, market participants have begun reassessing the implied value of other franchises in the league, including Lucknow Super Giants. The market cap of RPSG Ventures currently stands at around Rs 2,385 crore, and the sharp move in its share price resulted from the market's attempt to price in the franchise's potential value in light of these transactions.

About RPSG Ventures

RPSG Ventures Limited is a part of the RP-Sanjiv Goenka Group, a diversified conglomerate with interests spanning power, retail, carbon black, IT and entertainment. Through RPSG Sports Private Limited, the group owns and operates the Lucknow Super Giants, one of the two newest franchises to have joined the Indian Premier League.

The company has a market capitalisation of Rs 2,385 crore and a book value of Rs 801, with the stock trading at 0.91 times its book value. It has reported a return on capital employed (ROCE) of 11.3 per cent, while delivering a 3-year sales CAGR of 13 per cent and a strong 3-year share price CAGR return of 23 per cent.