| 11 Dec 2023
Nashik becomes the only city to show sizeable rise as provisional winning price rises to Rs 969 crore on eleventh day

NEW DELHI: Nashik became the only new city to enter the Rs 10- crore club even as the cumulative provisional winning price slowed down and touched Rs 969 crore against the aggregate reserve price of about Rs 425 crore at the end of 44 rounds on the eleventh day of bidding for FM Phase III.

A total of 87 channels in 56 cities became provisionally winning channels with cumulative provisional winning price. Thus, the summation of provisional winning prices surpassed the cumulative reserve price of the 87 channels by Rs 543.83 crore or 127.9 per cent.

Overall, cumulative provisional winning price exceeded the total reserve price of the first batch of 135 FM channels in 69 existing cities - Rs 550.18 crore - by Rs 418.68 crore or 76 per cent. 

The auction activity requirement remained for the second day at 90 per cent, raised after the 37th round on 7 August.

The 13 cities for which no bids have come are Asansol, Gulbarga, Mangalore, Mysore, Puducherry, Rajahmundry, Siliguri, Tiruchy, Tirunveli, Tirupati, Tuticorin, Vijaywada and Warangal.

The demand over the price in most cities fell by up to 3 per cent and 4 per cent below in Gulbarga below the aggregate demand.

The percentage price increment (in INR) applicable for the next clock round was just one in Amritsar, Chandigarh, Chennai, Cochin, Delhi, Hisar, Jaipur, Kolhapur, Mumbai, Nasik and Pune.

The highest provisional winning price – the same as the clock round price at the start of the 28th round – was in Delhi – Rs 1,50,12,88,524 (for just one channel), followed by Bengaluru - Rs 1,06,04,13,944 and Mumbai – Rs 95,09,15,246 showing marginal increase compared to yesterday.

Among cities recording more than Rs 10 crore, it rose sizably in Jaipur – Rs 25,92,13,870,  marginally in Chennai - Rs 44,23,41,775, Pune - Rs 36,56,89,174, Chandigarh - Rs 17,58,98,044, Cochin - Rs 11,86,29,760 and Nashik where it crossed the ten-crore figure today at Rs 10, 20, 51,756.

Thus, Mumbai is the only city which may soon cross the Rs 100- crore figure. Ahmedabad - Rs 42,68,76,267, Hyderabad - Rs 18,00,00,000, Patna - Rs 17,89,83,876 and Lucknow - Rs 14,00,55,000 remained static.

The following table summarises the first eleven days of bidding:

The ongoing auction is a Simultaneous Multiple Round Ascending (SMRA) e-auction which is being conducted online from Auction Control Room No. 404 B Wing, Shastri Bhawan by C-1 e-auctioneer.