Coming Soon: Final Results of FM e-auction!
All eyes on FM auctions now – as the bidding activity gets sluggish, it is expected that e-auctions would conclude soon. On Day 11 only a handful of cities saw some movement and are applicable for 1% price increase today. These cities are:
Delhi (1,50,12,8,524), Mumbai (95,09,15,246), Chennai (44,23,41,775), Amritsar (Rs 5,20,22,963), Chandigarh (Rs 17,58,98,044), Cochin (11,86,29,760), Hisar (1 65,50,744), Jaipur (25,92,13,870), Kolhapur (7,82,34,110), Nasik (10,20,51,756), Pune (36,56,89,174). Interestingly, Bengaluru did not find any bidders at the last round prices today, provisional bid for it at Rs 1,07,10,18,083 is already ahead of what Mumbai market is commanding right now.
Cumulative provisional winning price of provisionally winning channels at Rs 969 crore is now double of these channels provisional winning price which was Rs 425 crore.
As per I&B ministry’s communique at the close of the eleventh day of bidding, 87 channels in 56 cities became provisionally winning channels with cumulative provisional winning price of Rs 969 Crore against their aggregate reserve price of about Rs 425 Crore. Thus the summation of provisional winning prices surpassed the cumulative reserve price of the corresponding 87 channels by Rs 543.83 Crore or 127.9%. Overall, cumulative provisional winning price exceeded the total reserve price of the first batch i.e. Rs 550.18 Crore by Rs 418.68 Crore or 76%.
The Auction Activity Requirement of 90% set after Round No 37 on 07.08.2015 continued to remain the same on Day 11.
The following Table summarizes first eleven 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 |
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