Description

BSE announces non-competitive bidding facility for auction of 9 State Government Securities (SDLs) worth Rs. 9,410 crores to be conducted by RBI on October 07, 2025.

Summary

BSE has announced the availability of non-competitive bidding facility for participating in the auction of State Government Securities (SDLs) scheduled by RBI on October 07, 2025. The auction will cover 9 SDL securities from Andhra Pradesh, Gujarat, Jammu & Kashmir, Maharashtra, and Mizoram, with a total issue size of Rs. 9,410 crores. Trading members can submit bids through BSE’s NCB-GSec module on the iBBS platform.

Key Points

  • Total of 9 SDL securities being auctioned with aggregate issue size of Rs. 9,410 crores
  • States covered: Andhra Pradesh (2 securities), Gujarat (1), Jammu & Kashmir (1), Maharashtra (4), Mizoram (1)
  • Mix of new issuances (7 securities) and re-issuances (2 securities)
  • Bid collection starts October 06, 2025 from 10:00 am with 24-hour availability
  • Direct investor bid deadline: October 06, 2025
  • Member bid deadline: October 07, 2025 till 8:00 am
  • Minimum subscription units: 100 units (Rs. 10,000)
  • Maximum bid amount ranges from Rs. 1.1 crores to Rs. 20 crores per security
  • Settlement date: October 08, 2025

Securities Details

Andhra Pradesh:

  • AP SDL 2033 (APNW2033) - New issue, Rs. 900 crores, Max: Rs. 9 crores
  • AP SDL 2036 (APNW2036) - New issue, Rs. 1,000 crores, Max: Rs. 10 crores

Gujarat:

  • GJ SDL 2033 (GJNW2033) - New issue, Rs. 2,000 crores, Max: Rs. 20 crores

Jammu & Kashmir:

  • JK SDL 2037 (JKNW2037) - New issue, Rs. 400 crores, Max: Rs. 4 crores

Maharashtra:

  • MH SDL 2041 (MHNW2041) - New issue, Rs. 1,000 crores, Max: Rs. 10 crores
  • MH SDL 2042 (MHNW2042) - New issue, Rs. 1,000 crores, Max: Rs. 10 crores
  • 7.18% MH 2033 (MH071833) - Re-issue, Rs. 1,500 crores, Max: Rs. 15 crores
  • 7.27% MH 2036 (MH072736) - Re-issue, Rs. 1,500 crores, Max: Rs. 15 crores

Mizoram:

  • MZ SDL 2041 (MZNW2041) - New issue, Rs. 110 crores, Max: Rs. 1.1 crores

Bidding Platform

  • Platform: BSE iBBS web-based system (https://ibbs.bseindia.com)
  • Module: NCB-GSec
  • Reference circular: 20191122-28 dated November 22, 2019

Important Dates

  • Bid Collection Start: October 06, 2025, 10:00 am (24-hour availability)
  • Bid Collection End (Direct Investors): October 06, 2025
  • Bid Collection End (Members): October 07, 2025, 8:00 am
  • Auction Date: October 07, 2025
  • Settlement Date: October 08, 2025

Contact Information

New User ID/Password Reset:

Bidding Queries:

Obligation & Pay-in Queries:

Impact Assessment

This is a routine operational notice for debt market participants. The circular provides procedural information for trading members and investors interested in participating in SDL auctions through the non-competitive bidding route. No impact on equity markets or listed companies. Relevant only for debt market participants and investors in state government securities.

Impact Justification

Routine procedural notice for SDL auction participation through non-competitive bidding. Impacts only debt market participants interested in state government securities. No regulatory changes or compliance requirements.