Description
BSE announces non-competitive bidding facility for Government of India dated securities auction through NCB-GSec module.
Summary
BSE announces the availability of non-competitive bidding facility for the auction of two Government of India dated securities scheduled for September 12, 2025. Trading members can participate through the NCB-GSec module of BSE’s iBBS web-based bidding platform.
Key Points
- Two G-secs available for auction: 6.01% GS 2030 (₹15,000 cr) and 7.24% GS 2055 (₹13,000 cr)
- Both are re-issue securities with minimum subscription units of 100 and multiples thereof
- Minimum amount: ₹10,000, Maximum amount: ₹2 crores per security
- 24-hour bid collection facility available through iBBS platform
- Settlement on T+3 basis (September 15, 2025)
Regulatory Changes
No new regulatory changes. This continues the existing non-competitive bidding facility launched in April 2018 for G-sec auctions conducted by RBI.
Compliance Requirements
- Trading members must use NCB-GSec module of iBBS platform for bidding
- Members must adhere to minimum subscription requirements of ₹10,000
- Maximum exposure limit of ₹2 crores per security per participant
- Compliance with bid collection timelines as specified
Important Dates
- Bid Collection Start: September 9, 2025, 10:00 AM onwards
- Bid Collection End (Members): September 12, 2025, 8:00 AM
- Bid Collection End (Direct Investors): September 11, 2025, 5:00 PM
- Auction Date: September 12, 2025
- Settlement Date: September 15, 2025
Impact Assessment
Medium impact on debt market participants. Provides trading members and direct investors opportunity to participate in G-sec primary market through non-competitive route. The ₹28,000 crore total issue size indicates significant liquidity injection into the system. Contact details provided for technical and operational support during the bidding process.
Impact Justification
Routine G-sec auction facility with specific participation requirements for trading members