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Phase III auction: Delhi receives highest provisional winning price of Rs 169.16 cr

Channel allocation stage of e-auction of first batch of private FM radio Phase III channels ends after 125 rounds of bidding over 32 days 

BestMediaInfo Bureau | Delhi | September 9, 2015

radio-station-fm

Channel allocation stage of e-auction of first batch of private FM radio Phase III channels ended yesterday after 125 rounds of bidding over 32 days.

E-auction of the first batch re-commenced yesterday at 9.30 am and after the first round of the day, which was the 125th round overall, closure condition for the channel allocation stage was attained. The closure requirement of no bid for any channel in any city was received in the 125th round with Auction Activity Requirement (AAR) set at 100 per cent.

The e-auction of the first batch of FM Phase III comprising 135 channels in 69 existing cities of Phase II had commenced on July 27, 2015 with AAR at 80 per cent. After Round 37, AAR was increased to 90 per cent and after Round 59, it was enhanced to 100 per cent.

At the end of the channel allocation stage, 97 channels in 56 cities became provisional winning channels with cumulative provisional winning price of about Rs 1156.9 crore, against their aggregate reserve price of about Rs 459.8 crore. Thereby the summation of provisional winning prices surpassed the cumulative reserve price of the corresponding 97 channels by Rs 697.05 crore or 151.58 per cent. Overall, cumulative provisional winning price exceeded the total reserve price of the first batch, that is, Rs 550.18 crore, by Rs 606.72 crore or 110.27 per cent.

Over 71 per cent channels of the first batch were provisionally won by bidders. Cities like Guwahati, Bhubaneshwar and Jodhpur witnessed robust bidding activity with provisionally won price being as high as 800 per cent over the reserve price for their channels. Overall, 18 cities got provisionally won bidders for their channels at prices more than double the respective reserve prices.

Sl No City Reserve Price for a channel (In Lakh Rs) Provisional Winning Price (In Lakh Rs) % Increase in Provisional Winning Price over Reserve Price
1 Ahmedabad 1200.6 4268.8 255.6
2 Amritsar 300 604 101.3
3 Aurangabad 299 623.4 108.5
4 Bengaluru 2160 10925.5 405.8
5 Bhubaneshwar 79 740.1 836.9
6 Chennai 1227 5338.8 335.1
7 Delhi 3142 16916.9 438.4
8 Guwahati 37.8 411.1 987.6
9 Jaipur 610.1 2835 364.7
10 Jodhpur 127 1144.4 801.1
11 Kolhapur 351 944.2 169
12 Mumbai 3520 12281.3 248.9
13 Nasik 351 1466.2 317.7
14 Patna 513 1789.8 248.9
15 Pune 1400.6 4203.5 200.1
16 Rourkela 26.6 102.1 284.7
17 Shillong 18.1 69 282.7
18 Varanasi 210 1749.2 732.9

Value-wise, Delhi, Mumbai and Bangalore got provisional winning prices of over Rs 100 crore for their channels. Delhi, with Rs 169.16 crore for its single channel, got the highest provisional wining price of the entire batch. Mumbai got Rs 122.81 crore for each of its two channels, whereas Bangalore got Rs 109.25 crore as provisional winning price for its only channel.

E-auction of the first batch consists of two stages – channel allocation stage and frequency allocation stage. The frequency allocation stage will commence from today at 10.00 am. During this stage, the provisional winning bidders will be allowed to select FM frequency for the winning channel from the frequencies already identified in the respective city and as mentioned in the Notice Inviting Applications (NIA) dated March 2, 2015 read with its subsequent amendment(s). Frequency selection preference would be based upon the rank of the bidders, that is, Rank 1 bidder would have the first preference to choose from the frequencies already identified. It may be noted that all the identified frequencies were made available for selection and included in the NIA.

After the e-auction process is over, the government will notify the list of successful bidders.

Summary of 32 days of bidding during channel allocation stage:

Day 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

15

14.08.2015

60

91

56

449

1079

16

17.08.2015

64

92

56

451

1090

17

18.08.2015

68

93

56

458

1116

18

19.08.2015

72

94

56

459

1123

19

20.08.2015

76

94

56

459

1128

20

21.08.2015

80

94

56

459

1130.5

21

24.08.2015

84

94

56

459

1134

22

25.08.2015

88

94

56

459

1136.6

23

26.08.2015

92

94

56

459

1139.3

24

27.08.2015

96

94

56

459

1143

25

28.08.2015

100

94

56

459

1147

26

31.08.2015

104

94

56

459

1151.6

27

01.09.2015

108

96

56

459.5

1155

28

02.09.2015

112

96

56

459.5

1156.2

29

03.09.2015

116

97

56

459.8

1156.6

30

04.09.2015

120

97

56

459.8

1156.8

31

07.09.2015

124

97

56

459.8

1156.9

32

08.09.2015

125

97

56

459.8

1156.9

List of cities and clock round price at end of Day 32 of the e-auction:

Daily_Auction_Public_Report_at_the_End_of_Day-36 Click on the image to enlarge.

Info@BestMediaInfo.com

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