FM auctions: Race for 5 channels continues

At the close of the 24^th day of bidding, 94 channels in 56 cities became provisional winning channels with cumulative provisional winning price of about Rs 1143 Crore against their aggregate reserve price of about Rs 459 Crore. Thus the summation of provisional winning prices surpassed the cumulative reserve price of the corresponding 94 channels by Rs 684.1 Crore or 149.1%. Overall, cumulative provisional winning price exceeded the total reserve price of the first batch i.e. Rs 550.18 Crore by Rs 592.8 Crore or 107.7%.

While Varanasi and Jodhpur are applicable for 5% price hike today, Guwahati and Shillong are applicable for 1% price hike. Bidding is happening for two channels in Shillong and 1% each in rest of the cities.

The following table summarizes 24 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
12	11.08.2015	48	86	56	425	987
13	12.08.2015	52	87	56	425	1005
14	13.08.2015	56	88	56	426	1022
15	14.08.2015	60	91	56	449	1079
16	17.08.2015	64	92	56	451	1090
17	18.08.2015	68	93	56	458	1116
18	19.08.2015	72	94	56	459	1123
19	20.08.2015	76	94	56	459	1128
20	21.08.2015	80	94	56	459	1130.5
21	24.08.2015	84	94	56	459	1134
22	25.08.2015	88	94	56	459	1136.6
23	26.08.2015	92	94	56	459	1139.3
24	27.08.2015	96	94	56	459	1143