Tuesday 1 September 2015

E-Auction of First Batch of Private FM Radio Phase III Channels Continues:108 Rounds of Bidding Completed

E-Auction of the first batch of private FM radio Phase III channels re-commenced today on 1st September 2015 at 09.30 AM and during the day, four rounds of bidding took place. Till now, 108 rounds of bidding are over.
At the close of the 27th day of bidding, 96 channels in 56 cities became provisional winning channels with cumulative provisional winning price of about Rs 1155 Crore against their aggregate reserve price of about Rs 459.5 Crore. Thereby the summation of provisional winning prices surpassed the cumulative reserve price of the corresponding 96 channels by Rs 695.5 Crore or 151.3%. Overall, cumulative provisional winning price exceeded the total reserve price of the first batch i.e. Rs 550.18 Crore by Rs 604.8 Crore or 109.9%.  
The Auction for the first batch comprising 135 FM Channels in 69 existing cities of Phase II began on 27th July 2015.
            The Auction Activity Requirement (AAR) is 100%. It was increased from 90% after 59th Round on 14th August, 2015. The channel allocation stage will continue till the bids are received for any of the 135 channels.
Daily auction report for the day has been put on the Ministry’s website www.mib.nic.in. Bidding will re-commence on 2nd September, 2015 at 09.30 AM.
The following Table summarizes 27 days of bidding:
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
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)
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

Courtesy: pib.nic.in


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