Description

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

Summary

BSE has announced the availability of non-competitive bidding facility for the upcoming RBI auction of four Government of India dated securities on November 28, 2025. The auction will offer four G-secs totaling Rs. 32,000 crores through BSE’s iBBS web-based NCB-GSec module. Trading members and direct investors can submit bids starting November 25, 2025.

Key Points

  • Four G-secs being auctioned with total issue size of Rs. 32,000 crores
  • Securities include: 5.91% GS 2028 (Rs. 9,000 cr), 6.28% GS 2032 (Rs. 11,000 cr), 7.24% GS 2055 (Rs. 7,000 cr), and 6.98% GOI SGrB 2054 (Rs. 5,000 cr)
  • All securities are re-issues of existing G-secs
  • Bidding available through BSE’s iBBS web-based system NCB-GSec module
  • Minimum subscription unit: 100 face value units (Rs. 10,000)
  • Maximum bid amount: Rs. 2 crores per security
  • Settlement date: December 01, 2025

Regulatory Changes

No regulatory changes. This circular continues the existing non-competitive bidding facility launched vide Exchange circular no. 20180423-42 dated April 23, 2018.

Compliance Requirements

  • Trading members must submit bids through https://ibbs.bseindia.com NCB-GSec module
  • Members requiring new user ID creation or password reset must contact Trading Operations
  • All bidding, obligation, and pay-in queries must be directed to respective teams as specified

Important Dates

  • Bid Collection Start: November 25, 2025, 10:00 AM onwards (24-hour availability)
  • Bid Collection End (Direct Investors): November 27, 2025, 5:00 PM
  • Bid Collection End (Members): November 28, 2025, 8:00 AM
  • Auction Date: November 28, 2025
  • Settlement Date: December 01, 2025

Impact Assessment

This is a routine operational circular with minimal market impact. It facilitates participation in government securities auctions for BSE trading members and direct investors. The facility provides retail and institutional investors access to primary market G-sec issuances through a non-competitive route. No impact on equity markets or stock-specific operations.

Impact Justification

Routine operational circular for G-sec auction facility. Limited to debt market participants interested in sovereign securities. No impact on equity markets or listed companies.