Description

BSE announces non-competitive bidding facility for State Government Securities auction scheduled for August 05, 2025, covering 24 SDL securities from various states.

Summary

BSE announces the availability of non-competitive bidding facility for the auction of State Government Securities (SDL) scheduled for August 05, 2025. The auction includes 24 SDL securities from various states including Andhra Pradesh, Assam, Bihar, Jammu & Kashmir, Kerala, Madhya Pradesh, Maharashtra, Meghalaya, Mizoram, Rajasthan, Tamil Nadu, and Telangana, with a total issue size of Rs. 29,600 crores.

Key Points

  • 24 SDL securities available for non-competitive bidding through BSE’s iBBS platform
  • Total issue size of Rs. 29,600 crores across new issues and re-issues
  • Bidding through NCB-GSec module of BSE’s web-based system
  • Minimum subscription units of Rs. 100 with Rs. 10,000 minimum amount
  • Maximum bidding limits range from Rs. 1 crore to Rs. 20 crores per security

Regulatory Changes

This circular continues the existing non-competitive bidding facility launched in November 2019 for State Government Securities auctions conducted by RBI.

Compliance Requirements

  • Trading members must use BSE’s iBBS web-based system NCB-GSec module
  • Adherence to minimum and maximum bidding limits for each security
  • Compliance with bid collection timelines for direct investors and members

Important Dates

  • Bid Collection Start: August 04, 2025 from 10:00 AM (24 hours availability)
  • Bid Collection End (Direct Investors): August 04, 2025
  • Bid Collection End (Members): August 05, 2025 till 8:00 AM
  • Auction Date: August 05, 2025
  • Settlement Date: August 06, 2025

Impact Assessment

This announcement provides institutional investors and trading members access to participate in SDL auctions, enhancing liquidity in the state government securities market. The facility allows broader participation in government securities market and supports state government financing needs.

Impact Justification

Regular SDL auction notification affecting debt market participants and institutional investors