Description

BSE announces non-competitive bidding facility for Government of India dated securities auction featuring two G-secs worth Rs 28,000 crores.

Summary

BSE has announced the availability of non-competitive bidding for the Government of India dated securities auction scheduled for August 14, 2025. The auction features two G-secs with a combined issue size of Rs 28,000 crores, accessible through BSE’s iBBS web-based bidding platform.

Key Points

  • Two Government securities available: 6.01% GS 2030 (Rs 15,000 cr) and New GS 2055 (Rs 13,000 cr)
  • Non-competitive bidding through BSE’s NCB-GSec module on iBBS platform
  • Minimum subscription units of 100 with Rs 10,000 minimum amount
  • Maximum bidding amount capped at Rs 2 crores per security
  • 24-hour bid collection availability starting August 12, 2025

Regulatory Changes

No new regulatory changes introduced. This circular references existing framework established under Exchange circular no. 20180423-42 dated April 23, 2018.

Compliance Requirements

  • Trading members must use BSE’s iBBS web-based system for bidding
  • Adherence to minimum and maximum bidding limits
  • Compliance with specified bid collection timelines
  • Settlement obligations as per standard G-sec procedures

Important Dates

  • Bid Collection Start: August 12, 2025 from 10:00 AM (24-hour availability)
  • Member Bid End: August 14, 2025 till 8:00 AM
  • Direct Investor Bid End: August 13, 2025 till 5:00 PM
  • Auction Date: August 14, 2025
  • Settlement Date: August 18, 2025

Impact Assessment

Medium impact on debt market participants and institutional investors. Provides liquidity access to government securities market through established non-competitive bidding mechanism. Standard auction process with no significant operational changes for existing participants.

Impact Justification

Regular government securities auction with established procedures affecting debt market participants