Regulators

Day 11: FM Phase III auction provisional winning price touches Rs 969 crore; Nasik shows sizeable rise

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NEW DELHI: Nasik 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 Rs 550.18 crore of the first batch of 135 FM channels in 69 existing cities by Rs 418.68 crore or 76 per cent. 

The Auction Activity Requirement remained for the second day at 90 per cent, which was 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 down by up to three per cent and went down by four per cent below the aggregate demand in Gulbarga.

The Percentage Price Increment (in INR) applicable for the Next Clock Round was just one per cent 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 twenty-eighth round – was in Delhi at Rs 150.12 crore (for just one channel), followed by Bengaluru at Rs 106.04 crore and Mumbai at Rs 95.09 crore, showing marginal increase compared to yesterday.

Among cities recording more than Rs 10 crore, it rose sizeably in Jaipur at Rs 25.92 crore and marginally in Chennai at Rs 44.23 crore, Pune at Rs 36.56 crore, Chandigarh at Rs 17.58 crore, Cochin at Rs 11.86 crore and Nasik where it crossed the Rs 10 crore figure today at Rs 10.20 crore.

Thus Mumbai is the only citiy, which may soon cross the Rs 100 crore figure.

Ahmedabad at Rs 42.68 crore, Hyderabad at Rs 18 crore, Patna at Rs 17.89 crore and Lucknow at Rs 14 crore remained static.

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