Description

BSE announces non-competitive bidding facility for auction of Government of India dated security 6.48% GS 2035 scheduled for November 07, 2025 with issue size of Rs. 32,000 crores.

Summary

BSE has announced the non-competitive bidding facility for the auction of Government of India dated security scheduled for November 07, 2025, as per RBI’s press release dated November 03, 2025. Trading members and direct investors can participate in the auction of 6.48% GS 2035 security with a re-issue size of Rs. 32,000 crores through the NCB-GSec module on BSE’s iBBS web-based system.

Key Points

  • Government security auction for 6.48% GS 2035 (re-issue) with total size of Rs. 32,000 crores
  • Bidding available through NCB-GSec module on BSE iBBS platform at https://ibbs.bseindia.com
  • Minimum subscription units: 100 with multiples thereof
  • Minimum bid amount: Rs. 10,000
  • Maximum bid amount: Rs. 2 crores
  • Different bid collection end dates for members vs. direct investors
  • Settlement to occur on November 10, 2025

Regulatory Changes

No 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

For Trading Members:

  • Submit bids through NCB-GSec module on iBBS web-based system
  • Ensure bids are placed between November 04, 2025 (10:00 am) and November 07, 2025 (8:00 am)
  • Adhere to minimum subscription units of 100 and multiples thereof
  • Maintain bid amounts between Rs. 10,000 (minimum) and Rs. 2 crores (maximum)
  • Complete obligation and pay-in requirements as per settlement schedule

For Direct Investors:

  • Submit bids by November 06, 2025 till 5:00 pm (earlier deadline than members)
  • Follow same bidding parameters regarding amounts and units

Important Dates

  • November 03, 2025: RBI press release announcement
  • November 04, 2025: Bid collection start date from 10:00 am onwards (24 hours availability)
  • November 06, 2025: Bid collection end date for direct investors (5:00 pm)
  • November 07, 2025: Bid collection end date for trading members (8:00 am) and auction date
  • November 10, 2025: Settlement date

Impact Assessment

Market Impact: Medium - Provides investment opportunity in government securities for trading members and direct investors. The Rs. 32,000 crores re-issue size represents significant liquidity injection into the G-sec market.

Operational Impact: Low to Medium - Routine auction process using established NCB-GSec module infrastructure. Trading members familiar with the platform from previous auctions since 2018.

Investor Impact: Medium - Direct retail investors can participate in G-sec auctions with accessible minimum amount of Rs. 10,000, providing opportunity for safer fixed-income investment options.

Contact Support:

Impact Justification

Routine government securities auction announcement with standard non-competitive bidding facility for trading members and direct investors. Medium impact as it provides investment opportunity in G-secs but is a regular market operation.