Description

BSE announces non-competitive bidding facility for RBI auction of two government dated securities (6.01% GS 2030 and 7.09% GS 2074) worth Rs 30,000 crores on November 21, 2025.

Summary

BSE has announced non-competitive bidding facility for the RBI auction of two Government of India dated securities scheduled for November 21, 2025. Trading members and direct investors can participate through the NCB-GSec module of BSE’s iBBS web-based system. The auction includes re-issuance of 6.01% GS 2030 (Rs 18,000 crores) and 7.09% GS 2074 (Rs 12,000 crores), with settlement on November 24, 2025.

Key Points

  • Two G-Secs available for auction: 6.01% GS 2030 (Rs 18,000 cr) and 7.09% GS 2074 (Rs 12,000 cr)
  • Both securities are re-issues with minimum subscription units of 100 and multiples thereof
  • Bidding platform: NCB-GSec module on BSE’s iBBS system (https://ibbs.bseindia.com)
  • Trading members can bid until November 21, 2025 at 8:00 AM
  • Direct investors can bid until November 20, 2025 at 5:00 PM
  • Minimum bid amount: Rs 10,000; Maximum bid amount: Rs 2 crores per security
  • Auction references RBI press release dated November 17, 2025 and BSE circular 20180423-42 from April 23, 2018

Regulatory Changes

No new regulatory changes introduced. This circular operationalizes the existing non-competitive bidding facility for G-Sec auctions as per the framework established in April 2018.

Compliance Requirements

  • Trading members must submit bids through the designated NCB-GSec module only
  • Bids must comply with minimum subscription units of 100 and multiples thereof
  • Bid amounts must be between Rs 10,000 (minimum) and Rs 2 crores (maximum) per security
  • Members must adhere to different bid collection deadlines for trading members vs direct investors
  • Contact specified teams for user ID creation, password reset, bidding queries, and obligation/pay-in related matters

Important Dates

  • November 18, 2025, 10:00 AM: Bid collection starts (24-hour availability)
  • November 20, 2025, 5:00 PM: Bid collection ends for direct investors
  • November 21, 2025, 8:00 AM: Bid collection ends for trading members
  • November 21, 2025: Auction date
  • November 24, 2025: Settlement date

Impact Assessment

This circular has medium operational impact on BSE trading members and direct investors participating in the government securities market. The total auction size of Rs 30,000 crores provides liquidity opportunities in the debt market. The staggered bidding deadlines for direct investors (November 20) versus trading members (November 21) ensures smooth operational processing. Trading members need to coordinate with Trading Operations and ICCL Operations teams for technical and settlement-related matters. The availability of both short-tenure (2030) and long-tenure (2074) securities caters to different investment horizons and portfolio strategies.

Impact Justification

Routine government securities auction announcement with specific procedural details for trading members and direct investors. Medium impact as it affects debt market participants but is a regular operational activity.