Description

RBI announces auction of two Government of India dated securities (6.01% GS 2030 and 7.09% GS 2074) through non-competitive bidding facility on November 21, 2025.

Summary

BSE announces the availability of non-competitive bidding facility for Government of India dated securities auction scheduled for November 21, 2025. Two securities will be auctioned: 6.01% GS 2030 (re-issue of Rs. 18,000 crores) and 7.09% GS 2074 (re-issue of Rs. 12,000 crores). Trading members and direct investors can submit bids through BSE’s iBBS web-based NCB-GSec module.

Key Points

  • Two G-secs offered for auction: 6.01% GS 2030 (Symbol: 601GS30N25) and 7.09% GS 2074 (Symbol: 709GS74N25)
  • Total issue size: Rs. 18,000 crores for 6.01% GS 2030 and Rs. 12,000 crores for 7.09% GS 2074
  • Both are re-issue securities
  • Minimum subscription units: 100 with multiples of 100
  • Minimum bid amount: Rs. 10,000
  • Maximum bid amount: Rs. 2 crores per security
  • Bidding platform: BSE iBBS web-based system (https://ibbs.bseindia.com) NCB-GSec module
  • Reference to Exchange circular no. 20180423-42 dated April 23, 2018

Regulatory Changes

No new regulatory changes. This circular is a routine implementation of the existing non-competitive bidding facility for G-sec auctions established under Exchange circular no. 20180423-42 dated April 23, 2018.

Compliance Requirements

  • Trading members must use BSE’s iBBS web-based NCB-GSec module for bid submission
  • Members must adhere to specified bid collection timelines
  • Direct investors have different bid collection end date compared to members
  • Participants must comply with minimum and maximum bidding limits
  • Members must contact specified teams for user ID creation, password reset, bidding queries, and settlement-related issues

Important Dates

  • November 17, 2025: RBI press release announcing the auction
  • November 18, 2025, 10:00 AM: Bid collection starts (24-hour availability)
  • November 20, 2025, 5:00 PM: Bid collection end for Direct Investors
  • November 21, 2025, 8:00 AM: Bid collection end for Trading Members
  • November 21, 2025: Auction date
  • November 24, 2025: Settlement date

Impact Assessment

Market Impact: Low. This is a routine G-sec auction announcement affecting only debt market participants interested in government securities. The non-competitive bidding facility provides retail investors and trading members access to government securities auctions.

Operational Impact: Low to Medium for trading members and direct investors participating in G-sec auctions. They need to ensure timely bid submission through the NCB-GSec module within specified deadlines.

Liquidity Impact: The combined issue size of Rs. 30,000 crores (Rs. 18,000 crores + Rs. 12,000 crores) will add to government securities market liquidity.

Contact Information:

Impact Justification

Routine announcement for G-sec auction through non-competitive bidding facility. Affects only members and investors interested in government securities trading.