Channel Allocation Stage of e-Auction of First Batch of Private FM Radio Phase III Channels ended today on 8th September, 2015 after 125 Rounds of Bidding over 32 days.  

E-Auction of the First Batch re-commenced today on 8^th September, 2015 at 09.30 AM and after the first round of the day, which was the 125^th round overall, closure condition for the channel allocation stage was attained. The closure requirement of no bid for any channel in any city was received in the 125^th round with Auction Activity Requirement (AAR) set at 100%.

The e-auction of the first batch of FM Phase III comprising 135 channels in 69 existing cities of Phase II had commenced on 27th July 2015 with AAR at 80%.  After Round 37, AAR was increased to 90% and after Round 59, it was enhanced to 100%.

At the end of the channel allocation stage, 97 channels in 56 cities became provisional winning channels with cumulative provisional winning price of about Rs 1156.9 Crore against their aggregate reserve price of about Rs 459.8 Crore. Thereby the summation of provisional winning prices surpassed the cumulative reserve price of the corresponding 97 channels by Rs 697.05 Crore or 151.58%. Overall, cumulative provisional winning price exceeded the total reserve price of the first batch i.e. Rs 550.18 Crore by Rs 606.72 Crore or 110.27%. 

 Over 71% Channels of the First Batch were provisionally won by bidders. Cities like Guwahati, Bhubaneshwar and Jodhpur witnessed robust bidding activity with provisionally won price being as high as 800% over reserve price for their channels. Overall, 18 cities got provisionally won bidders for their channels at prices more than double the respective reserve prices (List given below).

Value-wise, Cities of Delhi, Mumbai and Bengaluru got provisional winning prices of over Rs 100 Crore for their channels. Delhi with Rs 169.16 Cr for its single channel got the highest provisional wining price of the entire batch. Mumbai for its two channels got Rs 122.81 Crore each whereas Bengaluru for its only channel got Rs 109.25 Crore as provisional winning price.

E-auction of the first batch consists of two stages- Channel allocation stage and Frequency allocation stage. After the Channel allocation stage, the Frequency allocation stage will commence on the next working day i.e. 9^th September 2015 at 10.00 AM. During this stage, the provisional winning bidders will be allowed to select FM Frequency for the winning channel from the frequencies already identified in the respective city & as mentioned in the Notice Inviting Applications (NIA) dated 2nd March, 2015 read with its subsequent amendment(s). Frequency selection preference would be based upon the rank of the bidders i.e. Rank 1 bidder would have the first preference to choose from the frequencies already identified. It may be noted that all the identified frequencies were made available for selection and included in the NIA.

After the e-Auction process is over, the government will notify the list of successful bidders.

 Daily auction report for the day has been put on the Ministry’s website www.mib.nic.in.

The following Table summarizes 32 days of bidding during channel allocation stage:

Cities with more than double Provisional Winning Price vis-a-vis Reserve Price 

CP/ST