Description

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

Summary

BSE has notified trading members about the availability of non-competitive bidding facility for the upcoming RBI auction of Government of India dated securities on November 21, 2025. Two G-secs will be available: 6.01% GS 2030 (re-issue of Rs. 18,000 crores) and 7.09% GS 2074 (re-issue of Rs. 12,000 crores). Bidding will be conducted through BSE’s iBBS web-based NCB-GSec module.

Key Points

  • Two G-secs available for non-competitive bidding: 6.01% GS 2030 and 7.09% GS 2074
  • Total issue size: Rs. 18,000 crores for 6.01% GS 2030 and Rs. 12,000 crores for 7.09% GS 2074
  • Both securities are re-issues, not new issuances
  • Minimum subscription units: 100 with multiples thereof
  • Minimum bid amount: Rs. 10,000
  • Maximum bid amount: Rs. 2 crores per security
  • Bidding platform: BSE iBBS web-based system NCB-GSec module (https://ibbs.bseindia.com)
  • Facility continuation of circular no. 20180423-42 dated April 23, 2018

Regulatory Changes

No new regulatory changes. This circular is a routine operational notice implementing the existing non-competitive bidding framework for G-sec auctions established in 2018.

Compliance Requirements

  • Trading members must use the NCB-GSec module of BSE’s iBBS system for bidding
  • Members must submit bids within the specified timelines
  • Bids must comply with minimum and maximum amount restrictions (Rs. 10,000 to Rs. 2 crores)
  • Subscription must be in units of 100 and multiples thereof
  • Members must fulfill settlement obligations on the settlement date

Important Dates

  • 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 notice with no impact on equity markets. The facility provides retail and institutional participants access to government securities through non-competitive bidding.

Operational Impact: Low - Standard operational process for debt market participants. Contact details provided for queries:

Investor Impact: Low - Provides opportunity for non-competitive participation in government securities auction with guaranteed allocation at weighted average auction price.

Impact Justification

Routine operational circular for G-sec auction bidding process with no material market impact or regulatory changes