Description

BSE announces non-competitive bidding facility for SDL auction on October 07, 2025 for 9 state government securities with total issue size of Rs. 9,410 crores.

Summary

BSE has announced the availability of non-competitive bidding facility for the auction of State Government Securities (SDL) scheduled for October 07, 2025. The auction covers 9 securities from 5 states (Andhra Pradesh, Gujarat, Jammu & Kashmir, Maharashtra, and Mizoram) with a combined issue size of Rs. 9,410 crores. Trading members can submit bids through BSE’s NCB-GSec module on the iBBS web-based system.

Key Points

  • Total of 9 SDL securities available for auction with issue size of Rs. 9,410 crores
  • Bid collection started October 06, 2025 at 10:00 AM
  • Direct investor bid collection ends October 06, 2025
  • Member bid collection ends October 07, 2025 at 8:00 AM
  • Auction date: October 07, 2025
  • Settlement date: October 08, 2025
  • Minimum subscription: Rs. 10,000 (100 units)
  • Bidding through NCB-GSec module on iBBS platform at https://ibbs.bseindia.com

Securities Details

New Issues:

  • AP SDL 2033 (APNW2033): Rs. 900 crores, max bid Rs. 9 crores
  • AP SDL 2036 (APNW2036): Rs. 1,000 crores, max bid Rs. 10 crores
  • GJ SDL 2033 (GJNW2033): Rs. 2,000 crores, max bid Rs. 20 crores
  • JK SDL 2037 (JKNW2037): Rs. 400 crores, max bid Rs. 4 crores
  • MH SDL 2041 (MHNW2041): Rs. 1,000 crores, max bid Rs. 10 crores
  • MH SDL 2042 (MHNW2042): Rs. 1,000 crores, max bid Rs. 10 crores
  • MZ SDL 2041 (MZNW2041): Rs. 110 crores, max bid Rs. 1.1 crores

Re-Issues:

  • 7.18% MH 2033 (MH071833): Rs. 1,500 crores, max bid Rs. 15 crores
  • 7.27% MH 2036 (MH072736): Rs. 1,500 crores, max bid Rs. 15 crores

Regulatory Changes

No regulatory changes. This circular is issued in reference to RBI press release dated October 03, 2025 and in continuation of BSE circular no. 20191122-28 dated November 22, 2019 regarding the non-competitive bidding facility for SDL auctions.

Compliance Requirements

  • Trading members must submit bids through the NCB-GSec module of BSE’s iBBS web-based system
  • Direct investors must submit bids by October 06, 2025
  • Members must submit bids by October 07, 2025 at 8:00 AM
  • Minimum bid amount: Rs. 10,000 (100 units)
  • Bids must be in multiples of 100 units
  • Maximum bid amount varies by security (as specified in securities details)

Important Dates

  • October 06, 2025, 10:00 AM: Bid collection start date (24-hour availability)
  • October 06, 2025: Bid collection end date for direct investors
  • October 07, 2025, 8:00 AM: Bid collection end date for members
  • October 07, 2025: Auction date
  • October 08, 2025: Settlement date

Impact Assessment

This is a routine operational circular for debt market participants. The non-competitive bidding facility allows trading members and retail investors to participate in SDL auctions without competing on price. The circular provides procedural information for the upcoming auction and does not impact equity markets or listed companies. Contact information is provided for new user ID creation, bidding queries, and settlement-related questions.

Impact Justification

Routine SDL auction notification for debt market participants with standard non-competitive bidding process