Description

BSE announces non-competitive bidding facility for auction of 6.48% GS 2035 government securities worth Rs. 32,000 crores through NCB-GSec module on November 07, 2025.

Summary

BSE has announced the availability of non-competitive bidding facility for the auction of Government of India dated securities scheduled for November 07, 2025. Following RBI’s press release dated November 03, 2025, trading members can participate in the auction of 6.48% GS 2035 (re-issue) worth Rs. 32,000 crores through BSE’s NCB-GSec module on the iBBS web-based platform.

Key Points

  • Security being auctioned: 6.48% GS 2035 (Symbol: 648GS35N25)
  • Type: Government Security (Re-issue)
  • Total issue size: Rs. 32,000 crores
  • Minimum subscription units: 100 units (multiples thereof)
  • Minimum bidding amount: Rs. 10,000
  • Maximum bidding amount: Rs. 2 crores
  • Bidding platform: iBBS web-based system NCB-GSec module (https://ibbs.bseindia.com)
  • Settlement date: November 10, 2025

Regulatory Changes

No new regulatory changes. This circular is in continuation of Exchange circular no. 20180423-42 dated April 23, 2018, regarding the launch of non-competitive bidding facility for Government Securities auctions conducted by RBI.

Compliance Requirements

Trading members intending to participate must:

  • Submit bids through the NCB-GSec module of BSE’s iBBS platform
  • Ensure bids are placed within the specified timelines
  • Adhere to minimum and maximum bidding amounts (Rs. 10,000 to Rs. 2 crores)
  • Subscribe in units of 100 and multiples thereof
  • Contact specified BSE/ICCL teams for:

Important Dates

  • November 04, 2025, 10:00 AM: Bid collection starts (24-hour availability)
  • November 06, 2025, 5:00 PM: Bid collection end date for direct investors
  • November 07, 2025, 8:00 AM: Bid collection end date for trading members
  • November 07, 2025: Auction date
  • November 10, 2025: Settlement date

Impact Assessment

This is a routine operational circular with minimal market impact. It provides trading members and direct investors access to participate in the G-sec auction through the non-competitive bidding route. The circular primarily affects debt market participants interested in government securities investment. No impact on equity markets or individual stock prices. The re-issue of 6.48% GS 2035 provides investment opportunity in government debt instruments with settlement in T+3 days.

Impact Justification

Routine operational circular for G-sec auction participation through non-competitive bidding. Limited to debt market participants and does not affect equity markets or specific stocks.