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Phase III auction: Mumbai becomes 3rd city to get provisional winning price of over Rs 100 cr

The two channels in Mumbai were allocated to provisional winning bidders for Rs 100.94 crore each

BestMediaInfo Bureau | Delhi | August 14, 2015

radio-station-fm

E-auction of the first batch of private FM radio Phase III channels re-commenced yesterday at 9.30 am. During the day, four rounds of bidding took place. Till now, 56 rounds of bidding are over.

At the close of the 14th day of bidding, 88 channels in 56 cities became provisional winning channels with cumulative provisional winning price of about Rs 1,022 crore, against their aggregate reserve price of about Rs 426 crore. Thus, the summation of provisional winning prices surpassed the cumulative reserve price of the corresponding 88 channels by Rs 596.61 crore or 140.1 per cent. Overall, cumulative provisional winning price exceeded the total reserve price of the first batch, that is, Rs 550.18 crore, by Rs 472.08 crore or 85.8 per cent.

After Delhi and Bangalore, Mumbai became the third city to get provisional winning price of over Rs 100 crore. The two channels in Mumbai were allocated to provisional winning bidders for Rs 100.94 crore apiece. At the end of the day’s bidding, provisional winning price of Delhi’s one channel reached Rs 167.49 crore, whereas Bangalore its single channel had provisional wining price of Rs 106.04 crore.

The auction for the first batch comprising 135 FM channels in 69 existing cities of Phase II began on July 27, 2015.

The Auction Activity Requirement of 90 per cent, set after Round No 37 on August 7, 2015, continued to remain the same yesterday. Bidding re-commences today at 9.30 am.

Summary of first 14 days of bidding:

Sl No Date of Bidding Status at the end of Round No No of Provisionally Won Channels No of Cities Cumulative Reserve Price of Provisionally Won Channels (In Crore Rs) Cumulative Provisional Winning Price (In Crore Rs)
1 27.07.2015 4 78 54 357 395
2 28.07.2015 8 79 55 377 479
3 29.07.2015 12 80 55 377 549
4 30.07.2015 16 80 55 391 643
5 31.07.2015 20 80 55 391 714
6 03.08.2015 24 82 56 395 779
7 04.08.2015 28 83 56 395 827
8 05.08.2015 32 83 56 395 869
9 06.08.2015 36 85 56 407 900
10 07.08.2015 40 86 56 425 946
11 10.08.2015 44 87 56 425 969
12 11.08.2015 48 86 56 425 987
13 12.08.2015 52 87 56 425 1005
14 13.08.2015 56 88 56 426 1022

List of cities and clock round price at end of Day 14 of the e-auction:

Daily_Auction_Public_Report_at_the_End_of_Day-14 Click on the image to enlarge.

Info@bestmediainfo.com

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