Description
BSE announces non-competitive bidding facility for SDL securities auction with 13 state government securities totaling Rs. 18,600 crores.
Summary
BSE announces the availability of non-competitive bidding facility for State Government Securities (SDL) auction scheduled for August 19, 2025. The auction includes 13 securities from various states totaling Rs. 18,600 crores, accessible through BSE’s iBBS web-based bidding platform.
Key Points
- 13 SDL securities available for auction totaling Rs. 18,600 crores
- Mix of new issues and re-issues from states including Maharashtra, Gujarat, Karnataka, Tamil Nadu, West Bengal, and others
- Minimum subscription units of Rs. 100 with minimum amount of Rs. 10,000
- Bidding through NCB-GSec module of iBBS platform at https://ibbs.bseindia.com
- 24-hour bid collection availability starting August 18, 2025
Regulatory Changes
No new regulatory changes introduced. This circular continues the existing non-competitive bidding facility launched in November 2019 for SDL securities.
Compliance Requirements
- Trading members must use NCB-GSec module of iBBS system for bidding
- Direct investors must submit bids by August 18, 2025
- Trading members have extended deadline until August 19, 2025 at 8:00 AM
- Minimum investment of Rs. 10,000 with maximum limits varying by security
Important Dates
- Bid Collection Start: August 18, 2025 from 10:00 AM (24-hour availability)
- Direct Investor Deadline: August 18, 2025
- Member Deadline: August 19, 2025 till 8:00 AM
- Auction Date: August 19, 2025
- Settlement Date: August 20, 2025
Impact Assessment
Routine debt market operation providing retail and institutional investors access to state government securities. The Rs. 18,600 crore auction size represents significant funding for participating states. No major market disruption expected as this follows established auction procedures.
Impact Justification
Routine SDL auction facility with clear procedures for debt market participants