| 20 Jun 2024
FM Phase III: Aggregate demand shows minor increase but no rise in bids

NEW DELHI: Despite increase in aggregate demand at the end of Round 63 to bids in forty cities against around 33 at round 59, there was little change between yesterday and today with Hyderabad and Dehradun continuing to lead with bids of Rs 23,43,48,266 and Rs 15,61,00,590 respectively in the FM Phase III.

While Muzaffarpur showed a price percentage increase of five, 44 cities have still failed to attract any bids. Even the aggregate demand has risen only by one or two points in each of the forty cities except Muzaffarpur where it rose by three points but there was no change in the final bid for that city – Rs 78,13,663.

The bids at Alappuzha (Alleppey), Erode, Hubli-Dharwad, Nellore, Salem, Vellore and Vijaywada remained at just over Rs 70 million while bids for Tiruchy was just above Rs 50 million and Tirupathi and Puducherry to a little over Rs 40 million. Amravati, Bhavnagar, Jamnagar and Ujjain bid a little over Rs 35 million and Mysuru a little over Rs 32 million.

The first day of auction on 26 October saw a winning price of Rs 1820 milion against the aggregate price of Rs 1792 million, while the second day saw low bids and no bids from three cities.

Meanwhile, M/s South Asia FM Ltd has been declared as the winning bidder for five Radio FM channels, just a day after the commencement of the auction for the second batch of Phase III.
The company will be allotted FM Channels in Surat, Amritsar, Patna, Chandigarh and Jammu.

Information and Broadcasting Ministry sources told that the aim was to continue till all the channels slated in the second batch were auctioned, but breaks will have to be taken for weekends and national holidays.

This data has been compiled on the basis of system generated “Final Round Result Report” and “Frequency Identification Report” accessible through auction administrator role.
South Asia FM Limited, one of the fourteen shortlisted bidders, is a Public incorporated on 9 November 2005. It is classified as Non-govt company and is registered at Registrar of Companies, Chennai. Its authorized share capital is Rs. 6,550,000,100 and its paid up capital is Rs. 6,153,605,100.It is inolved in Motion picture, radio, television and other entertainment activities

Also Read :

South Asia FM bags five channels in first round of the second batch of FM Batch III

FM Phase III: Slow pace disappoints in first fortnight with little rise in bids