Live Auctions

Live auctions on Coal Mandi are real-time competitive bidding events where multiple buyers can place bids on coal offerings. The highest bidder at the end of the auction period wins the lot. You can track live bids and place your own bids during the active auction period.

To participate in an auction, you must first register and verify your account. Once verified, you can place bids on active auctions. Each bid must be higher than the current highest bid. The auction ends at the specified time, and the highest bidder wins.

No, bids are binding once placed. Please ensure you review all details carefully before placing a bid. This policy ensures fair competition and commitment from all participants.

You will receive immediate notification via email and SMS when an auction ends if you are the winning bidder. You can also check your dashboard for auction results and next steps for payment and delivery coordination.

After winning an auction, you will receive a confirmation with payment instructions. You must complete payment within the specified timeframe, coordinate delivery logistics with the supplier, and arrange for quality inspection if required. Our support team will guide you through the entire process.

Yes, each auction has a minimum bid increment specified in the auction details. This ensures orderly bidding and prevents spam bids. The increment is typically 1-5% of the current bid value.

Yes, you can set a maximum bid amount and our system will automatically bid on your behalf up to that limit, incrementing by the minimum required amount each time you are outbid. This feature helps you stay competitive without constantly monitoring the auction.

To sell through auctions, register as a verified supplier on our platform. Complete the verification process with required documents, then you can create auction listings for your coal inventory. Our team will help you set up your first auction and optimize your listing for maximum participation.