Description

BSE announces non-competitive bidding facility for two Government of India dated securities auction with settlement on September 8, 2025.

Summary

BSE has announced the availability of non-competitive bidding facility for the auction of two Government of India dated securities scheduled for September 4, 2025. The securities include 6.28% GS 2032 and 7.09% GS 2074 with issue sizes of Rs 11,000 crore and Rs 14,000 crore respectively. The bidding will be conducted through BSE’s iBBS web-based system.

Key Points

  • Two G-Secs available for auction: 6.28% GS 2032 (Rs 11,000 cr) and 7.09% GS 2074 (Rs 14,000 cr)
  • Both are re-issues of existing securities
  • Minimum subscription: 100 units (Rs 10,000)
  • Maximum subscription: Rs 2 crore per security
  • Bidding through BSE iBBS platform (https://ibbs.bseindia.com)
  • Settlement date: September 8, 2025

Regulatory Changes

No new regulatory changes. This follows the existing framework established under Exchange circular no. 20180423-42 dated April 23, 2018, for non-competitive bidding in government securities auctions.

Compliance Requirements

  • Trading members must use the NCB-GSec module of BSE’s iBBS web-based system for bidding
  • Adherence to specified bidding timelines for members and direct investors
  • Minimum subscription of 100 units and multiples thereof
  • Maximum investment limit of Rs 2 crore per security

Important Dates

  • Bid Collection Start: September 2, 2025, from 10:00 AM (24-hour availability)
  • Bid Collection End (Direct Investors): September 3, 2025, till 5:00 PM
  • Bid Collection End (Members): September 4, 2025, till 8:00 AM
  • Auction Date: September 4, 2025
  • Settlement Date: September 8, 2025

Impact Assessment

This routine government securities auction provides retail investors and smaller institutional participants access to government bonds through the non-competitive bidding route. The auction of these long-term securities (maturing in 2032 and 2074) offers investment opportunities in sovereign debt instruments with attractive yields of 6.28% and 7.09% respectively.

Impact Justification

Routine government securities auction with standard non-competitive bidding process for retail participation