Description

BSE announces non-competitive bidding facility for RBI auction of four Government of India dated securities totaling ₹32,000 crores on November 28, 2025.

Summary

BSE has announced the availability of non-competitive bidding facility for participating in the RBI auction of four Government of India dated securities scheduled for November 28, 2025. The auction involves a total issuance of ₹32,000 crores across four G-secs with maturities ranging from 2028 to 2055. Trading members and direct investors can submit bids through BSE’s iBBS web-based NCB-GSec module.

Key Points

  • Total auction size: ₹32,000 crores across four securities
  • All securities are re-issuances of existing G-secs
  • Minimum subscription unit: 100 (₹10,000)
  • Maximum bid amount: ₹2 crores per security
  • Bid collection for members: November 25, 2025 (10:00 AM) to November 28, 2025 (8:00 AM)
  • Bid collection for direct investors: November 25, 2025 (10:00 AM) to November 27, 2025 (5:00 PM)
  • Auction date: November 28, 2025
  • Settlement date: December 01, 2025

Securities Details

5.91% GS 2028 (Symbol: 591GS28N25)

  • Type: Re-issue
  • Issue Size: ₹9,000 crores
  • Maturity: 2028

6.28% GS 2032 (Symbol: 628GS32N25)

  • Type: Re-issue
  • Issue Size: ₹11,000 crores
  • Maturity: 2032

7.24% GS 2055 (Symbol: 724GS55N25)

  • Type: Re-issue
  • Issue Size: ₹7,000 crores
  • Maturity: 2055

6.98% GOI SGrB 2054 (Symbol: 737GSr54N24)

  • Type: Re-issue (Sovereign Green Bond)
  • Issue Size: ₹5,000 crores
  • Maturity: 2054

Compliance Requirements

  • Trading members must submit bids through BSE’s iBBS web-based system NCB-GSec module at https://ibbs.bseindia.com
  • Members requiring new user ID creation or password reset must contact Trading Operations
  • All bidding and settlement obligations must be completed as per specified timelines
  • Obligation and pay-in requirements to be coordinated with ICCL Operations

Important Dates

  • November 25, 2025: Bid collection starts at 10:00 AM (24-hour availability)
  • November 27, 2025: Bid collection ends for direct investors at 5:00 PM
  • November 28, 2025:
    • Bid collection ends for members at 8:00 AM
    • Auction date
  • December 01, 2025: Settlement date

Impact Assessment

This auction provides retail and institutional investors an opportunity to participate in government securities investment through the non-competitive route without needing to quote yields. The inclusion of a long-dated security (7.24% GS 2055) and a sovereign green bond (6.98% GOI SGrB 2054) offers diversification options. The ₹32,000 crore size indicates significant government borrowing requirements. The non-competitive facility democratizes access to G-sec auctions for smaller investors who can invest between ₹10,000 to ₹2 crores per security.

Contact Information

New user ID/Password Reset:

Bidding Queries:

Obligation & Pay-in Queries:

Impact Justification

Regular G-sec auction notification affecting debt market participants and institutional investors. Medium impact as it provides investment opportunity in government securities through non-competitive route.