FM auction: focus continues on emerging cities
Day 18 of e-auction did not see much action. However, players have moved their attention to a few emerging cities, while metro bidding seems to have settled down. Excess demand and hence 5% applicable price increase is now there in Allahabad too in addition to Guwahati, Varanasi, Nasik and Shillong. However, excess demand in all these cities is now limited to One and hence, the auction seems to be headed to a likely closure within this week itself.
The two cities applicable for a 1% price increase today are Jodhpur and Srinagar. Beyond these, every other city is now showing excess demand in negative.
As per the I&B ministry communique, at the close of the 18thday of bidding, 94channels in56 cities became provisional winning channels with cumulative provisional winning price of about Rs 1123 crore against their aggregate reserve price of about Rs459 crore. Thus the summation of provisional winning prices surpassed the cumulative reserve price of the corresponding 94 channels by Rs664 crore or 144.7%.Overall, cumulative provisional winning price exceeded the total reserve price of the first batch i.e. Rs 550.18 Crore by Rs 572.68Crore or 104%.
The following Table summarizes eighteen 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 |
|
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 |
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