Description

BSE announces non-competitive bidding facility for RBI auction of two Government Securities totaling ₹28,000 crores on August 14, 2025.

Summary

BSE has announced the availability of non-competitive bidding facility for the RBI auction of Government of India dated securities scheduled for August 14, 2025. Two securities totaling ₹28,000 crores will be auctioned: 6.01% GS 2030 (₹15,000 crores) and New GS 2055 (₹13,000 crores). Trading members can participate through BSE’s iBBS web-based NCB-GSec module.

Key Points

  • Two GoI dated securities available for auction totaling ₹28,000 crores
  • Non-competitive bidding through BSE’s iBBS platform NCB-GSec module
  • Minimum subscription units of 100 with ₹10,000 minimum amount
  • Maximum bidding amount capped at ₹2 crores per security
  • 24-hour bid collection availability starting August 12, 2025
  • Different bid collection end times for members vs direct investors

Regulatory Changes

No new regulatory changes. This circular continues the existing non-competitive bidding facility launched via Exchange circular 20180423-42 dated April 23, 2018.

Compliance Requirements

  • Trading members must use BSE’s iBBS web-based system for bidding
  • Adherence to minimum subscription units and amount limits
  • Compliance with specified bidding timeframes
  • Settlement obligations as per auction results

Important Dates

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

Impact Assessment

Medium impact on debt market participants and institutional investors. The auction provides liquidity injection of ₹28,000 crores into the government securities market. Non-competitive bidding facility enables broader participation from smaller investors and trading members who may not participate in competitive auctions. Settlement through ICCL ensures efficient clearing and settlement process.

Impact Justification

Regular government securities auction affecting debt market participants and institutional investors