Description
BSE announces non-competitive bidding facility for Government of India dated securities auction with two G-secs worth Rs 28,000 crores.
Summary
BSE announces non-competitive bidding facility for Government of India dated securities auction on September 12, 2025. Two G-secs totaling Rs 28,000 crores will be available for bidding through BSE’s iBBS web-based system.
Key Points
- Two government securities available: 6.01% GS 2030 (Rs 15,000 crores) and 7.24% GS 2055 (Rs 13,000 crores)
- Both are re-issues with minimum subscription units of 100 and multiples thereof
- Minimum bidding amount: Rs 10,000, Maximum: Rs 2 crores per security
- Bidding through NCB-GSec module of iBBS platform at https://ibbs.bseindia.com
Regulatory Changes
No new regulatory changes. This follows existing framework established by Exchange circular no. 20180423-42 dated April 23, 2018 for non-competitive bidding in government securities auctions.
Compliance Requirements
- Trading members must use BSE’s iBBS web-based NCB-GSec module for bidding
- Members must adhere to specified bidding windows and amount limits
- Direct investors and members have different bid collection end dates
Important Dates
- Bid Collection Start: September 09, 2025 from 10:00 AM (24-hour availability)
- Bid Collection End (Members): September 12, 2025 till 8:00 AM
- Bid Collection End (Direct Investors): September 11, 2025 till 5:00 PM
- Auction Date: September 12, 2025
- Settlement Date: September 15, 2025
Impact Assessment
Medium impact on debt market participants. Provides opportunity for trading members and direct investors to participate in government securities auction without competitive bidding pressure. Total issue size of Rs 28,000 crores represents significant liquidity injection into the debt market.
Impact Justification
Regular government securities auction affecting debt market participants with specific bidding windows and procedures