Description
BSE announces non-competitive bidding facility for RBI auction of two Government of India dated securities totaling ₹28,000 crores on October 10, 2025.
Summary
BSE has announced the availability of non-competitive bidding facility for the RBI auction of two Government of India dated securities scheduled for October 10, 2025. The auction includes re-issuance of 6.68% GS 2040 (₹16,000 crores) and 6.90% GS 2065 (₹12,000 crores). Trading members and direct investors can participate through BSE’s iBBS NCB-GSec module.
Key Points
- Two G-Secs available for auction: 6.68% GS 2040 and 6.90% GS 2065
- Total issue size: ₹28,000 crores (₹16,000 cr + ₹12,000 cr)
- Both securities are re-issues
- Minimum subscription: ₹10,000 in units of 100
- Maximum bid amount: ₹2 crores per security
- Bidding platform: BSE iBBS web-based system NCB-GSec module (https://ibbs.bseindia.com)
- Settlement date: October 13, 2025
Regulatory Changes
No regulatory changes. This circular follows existing framework established by Exchange circular no. 20180423-42 dated April 23, 2018 for non-competitive bidding in Government Securities auctions.
Compliance Requirements
For Trading Members:
- Submit bids through NCB-GSec module on BSE iBBS platform
- Bid collection window: October 7, 2025 (10:00 AM) to October 10, 2025 (8:00 AM)
- Ensure compliance with minimum (₹10,000) and maximum (₹2 crores) bid limits
- Complete pay-in obligations as per ICCL requirements
For Direct Investors:
- Bid collection window: October 7, 2025 (10:00 AM) to October 9, 2025 (5:00 PM)
- Earlier deadline than trading members
Important Dates
| Event | Date & Time |
|---|---|
| Bid Collection Start | October 7, 2025, 10:00 AM |
| Bid Collection End (Direct Investors) | October 9, 2025, 5:00 PM |
| Bid Collection End (Trading Members) | October 10, 2025, 8:00 AM |
| Auction Date | October 10, 2025 |
| Settlement Date | October 13, 2025 |
Impact Assessment
Market Impact: Low - This is a routine government securities auction with standard non-competitive bidding process.
Operational Impact: Minimal - Existing infrastructure and processes already in place for NCB-GSec participants.
Target Audience: Debt market trading members and direct investors interested in long-term government securities.
Contact Information:
- New user ID/password reset: user.trdops@bseindia.com, 022-2272 8005/8215
- Bidding queries: trading.ops@bseindia.com, 022-2272 8376/5626/8226
- Obligation/Pay-in queries: Collaterals@icclindia.com, settlements@icclindia.com, 022-2272 8468/8704/8264
Impact Justification
Routine government securities auction announcement with standard bidding process for debt market participants. No broader market impact.