| 29 Nov 2023
Provisional Winning Price rises marginally to Rs 900 crore, as demand in most cities slows down on ninth day

NEW DELHI: Even as the cumulative provisional winning price touched Rs 900 crore against the aggregate reserve price of about Rs 407 crore at the end of 36 rounds on the ninth day of bidding for FM Phase III, the percentage price Increment (in INR) applicable for the Next Clock Round was almost nil in most cities.

A total of 85 channels in 56 cities became provisionally winning channels after four more rounds today. Thus the summation of provisional winning prices surpassed the cumulative reserve price of the 85 channels by Rs 493.19 crore or 121.2 per cent.

The cumulative provisional winning price exceeded the total reserve price of the first batch by Rs 349.89 crore or 63.6 per cent. The total reserve price of the first batch of 135 FM Channels in 69 existing cities is Rs 550.18 crore.

The Auction Activity Requirement of 80 per cent, set at the beginning of the auction, continued to remain the same on the ninth day of the auctions.

The thirteen 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 many cities fell by up to three per cent below the aggregate demand.

The Percentage Price Increment (in INR) applicable for the Next Clock Round was five in Jaipur and just one in Chandigarh, Chennai, Cochin, Delhi, Mumbai, Nasik, Patiala and Pune.

The highest Provisional winning price – the same as the Clock round price at the start of the twenty-eighth round – was in Delhi – Rs 1,38,64,14,767, followed by Mumbai – Rs 91,38,10,863 with both showing marginal increase compared to yesterday.

Among cities recording more than Rs 10 crore, it rose sizeably in Jaipur – Rs 19,15,14,242; and marginally in Chennai - Rs 40,84,95,212, Pune at Rs 33,77,07,820, Patna – Rs 17,89,83,876;, Chandigarh at Rs 16,90,34,565, and Cochin - Rs 10,95,52,597.

Thus Bengaluru and Mumbai are the only cities which may soon cross the Rs 100 crore figure, besides Delhi, which did so early in the e-auctions.

Bengaluru - Rs 98,02,16,503, Ahmedabad - Rs 42,68,76,267, Hyderabad at Rs 18,00,00,000, and Lucknow - Rs 14,00,55,000 remained static.

The following Table summarizes first nine 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.