Description
BSE announces non-competitive bidding facility for RBI auction of four Government of India dated securities worth Rs. 32,000 crores scheduled for October 31, 2025.
Summary
BSE has announced the non-competitive bidding facility for the RBI auction of four Government of India dated securities scheduled for October 31, 2025. The auction covers securities worth Rs. 32,000 crores across four re-issues with maturities ranging from 2028 to 2055. Trading members and direct investors can participate through BSE’s NCB-GSec module on the iBBS web-based system.
Key Points
- Four G-sec securities available for non-competitive bidding totaling Rs. 32,000 crores
- Bid collection opens October 28, 2025 at 10:00 AM (24-hour availability)
- Members can bid until October 31, 2025 at 8:00 AM
- Direct investors deadline is October 30, 2025 at 5:00 PM
- Minimum subscription units: 100 (Rs. 10,000 minimum)
- Maximum bidding amount: Rs. 2 crores per security
- Settlement date: November 3, 2025
- Bidding platform: BSE iBBS NCB-GSec module (https://ibbs.bseindia.com)
Securities Details
| Security | Symbol | Type | Issue Size | Maturity |
|---|---|---|---|---|
| 5.91% GS 2028 | 591GS28O25 | Re-issue | Rs. 9,000 Cr | 2028 |
| 6.28% GS 2032 | 628GS32O25 | Re-issue | Rs. 11,000 Cr | 2032 |
| 7.24% GS 2055 | 724GS55O25 | Re-issue | Rs. 7,000 Cr | 2055 |
| 6.98% GOI SGrB 2054 | 698GSr54O25 | Re-issue | Rs. 5,000 Cr | 2054 |
Bidding Parameters
- Minimum Subscription Units: 100 units
- Minimum Amount: Rs. 10,000
- Maximum Amount: Rs. 2 crores per security
- Multiples: 100 units
Important Dates
- Bid Collection Start: October 28, 2025, 10:00 AM
- Bid Collection End (Members): October 31, 2025, 8:00 AM
- Bid Collection End (Direct Investors): October 30, 2025, 5:00 PM
- Auction Date: October 31, 2025
- Settlement Date: November 3, 2025
Compliance Requirements
- Trading members must use BSE’s iBBS web-based NCB-GSec module for bidding
- Bidding must be submitted within specified time windows for respective participant categories
- Members must adhere to minimum and maximum bidding limits per security
- Contact details provided for technical support, bidding queries, and settlement issues:
- User ID/Password: user.trdops@bseindia.com | 022-2272 8005/8215
- Bidding Queries: trading.ops@bseindia.com | 022-2272 8376/5626/8226
- Settlements: Collaterals@icclindia.com, settlements@icclindia.com | 022-2272 8468/8704/8264
Regulatory Changes
No new regulatory changes. This circular is issued in continuation of Exchange circular no. 20180423-42 dated April 23, 2018, which originally launched the non-competitive bidding facility for Government Securities auctions conducted by RBI.
Impact Assessment
This is a routine operational announcement for the debt market segment. The impact on equity markets is negligible. For government securities market participants, institutional investors, and banks, this provides an opportunity to participate in sovereign debt auctions through the non-competitive bidding route. The four securities span short to long-term maturities (2028-2055), offering options across the yield curve. Total issue size of Rs. 32,000 crores represents standard government borrowing program activity.
Impact Justification
Routine announcement for G-sec auction through NCB facility. Medium importance for debt market participants and institutional investors, but low impact on equity markets and general investors.