Description

RBI to auction two GoI dated securities (6.01% GS 2030 and 7.09% GS 2074) on October 17, 2025 with non-competitive bidding facility available through BSE's NCB-GSec module.

Summary

BSE announces non-competitive bidding facility for the auction of two Government of India dated securities on October 17, 2025, as per RBI’s press release dated October 13, 2025. Trading members can participate through BSE’s iBBS web-based NCB-GSec module. The auction covers two re-issue G-secs: 6.01% GS 2030 (Rs. 18,000 crore) and 7.09% GS 2074 (Rs. 12,000 crore).

Key Points

  • Two GoI dated securities available for auction: 6.01% GS 2030 and 7.09% GS 2074
  • Total auction size: Rs. 30,000 crore (Rs. 18,000 crore + Rs. 12,000 crore)
  • Both securities are re-issues
  • Non-competitive bidding through BSE’s NCB-GSec module on iBBS platform
  • Minimum subscription units: 100 (Rs. 10,000)
  • Maximum bidding amount: Rs. 2 crore per security
  • Bid collection for members: October 14, 2025 (10:00 am) to October 17, 2025 (8:00 am)
  • Bid collection for direct investors: October 14, 2025 to October 16, 2025 (5:00 pm)

Regulatory Changes

No new regulatory changes. This circular continues the existing non-competitive bidding facility launched via Exchange circular no. 20180423-42 dated April 23, 2018.

Compliance Requirements

  • Trading members must use BSE’s iBBS web-based system (https://ibbs.bseindia.com) for NCB-GSec module
  • Members must adhere to bid collection timelines
  • Direct investors have earlier cutoff time (October 16, 2025, 5:00 pm) compared to members
  • Pay-in and settlement obligations as per ICCL requirements

Important Dates

  • RBI Press Release: October 13, 2025
  • Bid Collection Start: October 14, 2025, 10:00 am (24-hour availability)
  • Bid Collection End (Direct Investors): October 16, 2025, 5:00 pm
  • Bid Collection End (Members): October 17, 2025, 8:00 am
  • Auction Date: October 17, 2025
  • Settlement Date: October 20, 2025
  • Circular Date: October 14, 2025 (published October 15, 2025)

Impact Assessment

Market Impact: Low. This is a routine government securities auction notice with established procedures.

Operational Impact: Minimal for trading members already familiar with NCB-GSec module. Contact support teams provided for technical queries:

Investor Impact: Provides retail and institutional investors opportunity to participate in government securities auction through non-competitive route with maximum Rs. 2 crore investment per security.

Impact Justification

Routine government securities auction notice with standard non-competitive bidding facility. No market-wide impact or regulatory changes.