Description

BSE announces non-competitive bidding facility for four GoI dated securities (G-secs) auction scheduled for October 31, 2025, with total issue size of Rs. 32,000 crore.

Summary

BSE has announced the availability of non-competitive bidding facility for four Government of India (GoI) dated securities auction scheduled for October 31, 2025. This follows RBI’s press release dated October 27, 2025. Trading members and direct investors can participate through BSE’s iBBS web-based NCB-GSec module. The total issue size across all four securities is Rs. 32,000 crore, comprising re-issues of existing securities with maturities ranging from 2028 to 2055.

Key Points

  • Four GoI dated securities available for non-competitive bidding with total size of Rs. 32,000 crore
  • All securities are re-issues of existing G-secs
  • Bid collection starts October 28, 2025 at 10:00 AM (24-hour availability)
  • Trading members can bid until October 31, 2025 at 8:00 AM
  • Direct investors must submit bids by October 30, 2025 at 5:00 PM
  • Minimum subscription unit: 100 face value units (Rs. 10,000)
  • Maximum bidding amount: Rs. 2 crore per security
  • Settlement date: November 3, 2025
  • Bidding platform: BSE iBBS web-based system NCB-GSec module (https://ibbs.bseindia.com)

Securities Details

5.91% GS 2028 (Symbol: 591GS28O25)

  • Type: G-Sec Re-issue
  • Issue Size: Rs. 9,000 crore
  • Minimum Amount: Rs. 10,000
  • Maximum Amount: Rs. 2 crore

6.28% GS 2032 (Symbol: 628GS32O25)

  • Type: G-Sec Re-issue
  • Issue Size: Rs. 11,000 crore
  • Minimum Amount: Rs. 10,000
  • Maximum Amount: Rs. 2 crore

7.24% GS 2055 (Symbol: 724GS55O25)

  • Type: G-Sec Re-issue
  • Issue Size: Rs. 7,000 crore
  • Minimum Amount: Rs. 10,000
  • Maximum Amount: Rs. 2 crore

6.98% GOI SGrB 2054 (Symbol: 698GSr54O25)

  • Type: G-Sec Re-issue
  • Issue Size: Rs. 5,000 crore
  • Minimum Amount: Rs. 10,000
  • Maximum Amount: Rs. 2 crore

Regulatory Changes

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

Compliance Requirements

  • Trading members must submit bids through BSE’s iBBS web-based system NCB-GSec module only
  • Trading members have extended bid collection window until October 31, 2025 at 8:00 AM
  • Direct investors must complete bidding by October 30, 2025 at 5:00 PM
  • All bids must comply with minimum subscription units of 100 and multiples thereof
  • Bidding amounts must be between Rs. 10,000 (minimum) and Rs. 2 crore (maximum) per security
  • Members must ensure timely payment and settlement obligations by November 3, 2025

Important Dates

  • October 27, 2025: RBI press release announcing auction
  • October 28, 2025: Bid collection starts at 10:00 AM, BSE circular issued
  • October 30, 2025: Bid collection end for direct investors at 5:00 PM
  • October 31, 2025: Bid collection end for trading members at 8:00 AM; Auction date
  • November 3, 2025: Settlement date

Impact Assessment

Market Impact: This auction provides retail and institutional investors opportunity to participate in government securities market through non-competitive route, ensuring allocation without price competition. The total issue size of Rs. 32,000 crore will add liquidity to the debt market across multiple maturity tenors (2028, 2032, 2054, 2055).

Operational Impact: Trading members need to coordinate with clients interested in G-sec investments and facilitate bidding through iBBS platform. ICCL operations team will handle obligation and pay-in processes. The 24-hour bid collection window provides flexibility for participants.

Investment Opportunity: The securities offer coupon rates ranging from 5.91% to 7.24%, with longer maturity securities providing higher yields. This re-issuance ensures liquidity in existing securities and provides mark-to-market pricing benefits.

Contact Information

New user ID creation or password reset:

Bidding related queries:

Obligation & Pay-in related queries:

Impact Justification

Routine G-sec auction notification affecting debt market participants and investors seeking fixed income securities. Standard auction process with clear bidding parameters and timelines.