Description

BSE announces non-competitive bidding facility for RBI auction of two Government of India dated securities totaling Rs. 30,000 crores on October 17, 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 17, 2025. The auction comprises re-issuance of 6.01% GS 2030 (Rs. 18,000 crores) and 7.09% GS 2074 (Rs. 12,000 crores). Trading members and direct investors can place bids through BSE’s iBBS web-based NCB-GSec module with different bid collection deadlines.

Key Points

  • Two G-secs available for non-competitive bidding: 6.01% GS 2030 and 7.09% GS 2074
  • Total issue size: Rs. 30,000 crores (Rs. 18,000 crores + Rs. 12,000 crores)
  • Both securities are re-issues, not new issuances
  • Minimum subscription: 100 units (Rs. 10,000)
  • Maximum bid amount: Rs. 2 crores per security
  • Bidding platform: BSE iBBS web-based system NCB-GSec module at https://ibbs.bseindia.com
  • Circular references previous framework established on April 23, 2018

Regulatory Changes

No new regulatory changes. This circular implements the existing non-competitive bidding framework established by BSE circular no. 20180423-42 dated April 23, 2018, in accordance with RBI’s press release dated October 13, 2025.

Compliance Requirements

For Trading Members:

  • Access iBBS web-based system NCB-GSec module for bid submission
  • Ensure bids comply with minimum (Rs. 10,000) and maximum (Rs. 2 crores) limits
  • Subscription in multiples of 100 units only
  • Ensure timely submission before deadline

For Direct Investors:

  • Submit bids through the designated platform
  • Adhere to earlier deadline compared to trading members

Contact Points for Support:

Important Dates

  • October 13, 2025: RBI press release announcing auction
  • October 14, 2025, 10:00 AM: Bid collection start date (24-hour availability)
  • October 16, 2025, 5:00 PM: Bid collection end date for direct investors
  • October 17, 2025, 8:00 AM: Bid collection end date for trading members
  • October 17, 2025: Auction date
  • October 20, 2025: Settlement date

Impact Assessment

Market Impact: Low - This is a routine government securities auction process that provides liquidity in the debt market. The non-competitive bidding facility enables retail and institutional participation in G-sec investments.

Operational Impact: Minimal - Standard procedural notification for debt market participants already familiar with the NCB-GSec module. Established infrastructure and support channels are in place.

Investor Impact: Provides opportunity for risk-free sovereign debt investment with two maturity options (2030 and 2074), catering to different investment horizons. The 7.09% coupon on the longer-dated security offers attractive yield for long-term investors.

Impact Justification

Routine notification for G-sec auction bidding process with standard parameters. Limited direct impact on equity markets or listed companies.