Description

BSE announces non-competitive bidding facility for RBI auction of four GoI dated securities worth Rs 32,000 crore on October 31, 2025.

Summary

BSE has announced the availability of non-competitive bidding (NCB) facility for trading members to participate in the RBI auction of four GoI dated securities scheduled for October 31, 2025. The auction comprises re-issuance of securities totaling Rs 32,000 crore across different maturities (2028, 2032, 2054, 2055). Members can submit bids through BSE’s iBBS web-based NCB-GSec module.

Key Points

  • Four G-secs available for non-competitive bidding: 5.91% GS 2028 (Rs 9,000 cr), 6.28% GS 2032 (Rs 11,000 cr), 7.24% GS 2055 (Rs 7,000 cr), and 6.98% GOI SGrB 2054 (Rs 5,000 cr)
  • All securities are re-issues with minimum subscription of 100 units
  • Minimum bid amount: Rs 10,000; Maximum bid amount: Rs 2 crore per security
  • Bidding platform: BSE iBBS web-based system NCB-GSec module (https://ibbs.bseindia.com)
  • This facility follows the framework established in BSE circular no. 20180423-42 dated April 23, 2018

Regulatory Changes

No regulatory changes introduced. This circular provides operational details for an existing non-competitive bidding facility for G-sec auctions.

Compliance Requirements

  • Trading members must submit bids through the NCB-GSec module of BSE’s iBBS system
  • Members must adhere to minimum and maximum bidding limits (Rs 10,000 to Rs 2 crore per security)
  • Members must submit bids in multiples of 100 units
  • Contact designated BSE/ICCL teams for technical support, bidding queries, or settlement issues

Important Dates

  • October 28, 2025, 10:00 AM: Bid collection starts (24-hour availability)
  • October 30, 2025, 5:00 PM: Bid collection ends for direct investors
  • October 31, 2025, 8:00 AM: Bid collection ends for trading members
  • October 31, 2025: Auction date
  • November 3, 2025: Settlement date

Impact Assessment

Limited market impact as this is a routine operational circular for G-sec auction participation. The circular facilitates access to government securities auctions for BSE trading members through the non-competitive bidding route. No impact on equity markets or listed companies. Relevant primarily for debt market participants and institutional investors interested in government securities.

Impact Justification

Routine operational circular for G-sec auction participation through NCB facility. No regulatory changes or market-wide impact. Relevant only to members participating in government securities auctions.