PANDORA

Round 1: Bidding Round

Bidding Criteria
Teams are given a capital pool of Rs.1000 crores, out of which they can use a maximum of 800
crores to bid for licenses
Team can bid for licenses in any of the 23 circles
Circles are grouped into A,B,C and Metro Segments
The team can place at most 8 bids for the different circles
A team can bid for at most 3 circles in each segment and a team should bid for atleast one circle
in each segment
There will be minimum bid amounts for each circle
A team can win at most 4 licenses
The amount of capital in the capital pool left after bidding will be carried forward to future
rounds. No further capital will be provided in Round 2.
The bidding process will be through closed bids
Bids once accepted will not be renegotiated
In case of equal bids, a random generator function is used to allocate a circle license to the
bidder
Licenses will be awarded to the team with the highest bid for a circle, provided all other bidding
criteria are fulfilled
Teams that do not fulfill the bidding criteria will be disqualified from participating in future
rounds and their bids will be nullified
Teams that successfully bid for atleast one license will proceed to the next round
Teams that do not win any of their bids will be eliminated

Market Attractiveness
Given below is the classification of segments/circles and the market data regarding them. Teams can
come up with their valuations for the licenses and bid accordingly given the data provided.

ENSEMBLE 10 Page 1
Circles Population(mn) GDP/cap(US $) Penetration(%) Expected
ARPU(Rs)
Mumbai 23 4,936 72 203.1719106
Delhi 22 5,180 90 213.7776833
Kolkata 17 3,282 54 133.2273497
Chennai 12 3,402 70 134.9498202
Metro Circles 74 73

Maharashtra 88 4,936 30 160.8184784

Andhra Pradesh 82 3,487 32 157.2186368

RoTN 62 38 134.30308
Karnataka 58 3,639 35 162.285229
Gujarat 57 4,706 37 144.6085614
A Circles 347 34

U.P. (E) 125 1,754 18 132.9475286

M.P 92 2,166 18 129.3923988
U.P. (W) 74 1,899 22 124.8566279
West Bengal 72 3,282 18 103.9747951
Rajasthan 65 2,348 29 123.6521927
Kerala 34 4,181 41 150.3106745
Punjab 28 5,158 46 175.4144122
Haryana 20 5,582 41 122.1457828
B Circles 510 24

Bihar 124 1,413 13 113.912161

Orissa 40 2,453 17 107.2088526
Assam 30 2,357 17 142.7186421
North East 14 3,026 19 142.7186421
Jammu & Kashmir 11 2,749 24 146.3303575

Himachal Pradesh 7 4,578 41 121.4563176

C Circles 226 16

ENSEMBLE 10 Page 2
Minimum Bidding Amounts

Circles Amount (in Rs. Cr)

Metro 50
A Circles 30
B Circles 20
C Circles 15

ENSEMBLE 10 Page 3