Description

BSE announces non-competitive bidding facility for auction of four Government of India dated securities through RBI on November 28, 2025, with total issue size of Rs. 32,000 crore.

Summary

BSE has announced the availability of non-competitive bidding facility for the auction of four Government of India (GoI) dated securities scheduled for November 28, 2025. This follows RBI’s press release dated November 24, 2025, and is in continuation of BSE circular no. 20180423-42 dated April 23, 2018. Trading members can participate through the NCB-GSec module of BSE’s iBBS web-based bidding platform.

Key Points

  • Four G-secs available for re-issue with total size of Rs. 32,000 crore
  • Bidding through NCB-GSec module on iBBS platform (https://ibbs.bseindia.com)
  • Bid collection started November 25, 2025 from 10:00 am (24-hour availability)
  • Different deadlines for trading members and direct investors
  • Minimum subscription units: 100 (Rs. 10,000)
  • Maximum bid amount: Rs. 2 crore per security
  • Settlement date: December 01, 2025

Securities Details

5.91% GS 2028 (Symbol: 591GS28N25)

  • Type: G-Sec Re-issue
  • Issue Size: Rs. 9,000 crore
  • Min Units: 100 (Rs. 10,000)
  • Max Amount: Rs. 2 crore

6.28% GS 2032 (Symbol: 628GS32N25)

  • Type: G-Sec Re-issue
  • Issue Size: Rs. 11,000 crore
  • Min Units: 100 (Rs. 10,000)
  • Max Amount: Rs. 2 crore

7.24% GS 2055 (Symbol: 724GS55N25)

  • Type: G-Sec Re-issue
  • Issue Size: Rs. 7,000 crore
  • Min Units: 100 (Rs. 10,000)
  • Max Amount: Rs. 2 crore

6.98% GOI SGrB 2054 (Symbol: 737GSr54N24)

  • Type: G-Sec Re-issue
  • Issue Size: Rs. 5,000 crore
  • Min Units: 100 (Rs. 10,000)
  • Max Amount: Rs. 2 crore

Important Dates

  • Bid Collection Start: November 25, 2025, from 10:00 am onwards
  • Bid Collection End (Trading Members): November 28, 2025, till 8:00 am
  • Bid Collection End (Direct Investors): November 27, 2025, till 5:00 pm
  • Auction Date: November 28, 2025
  • Settlement Date: December 01, 2025

Compliance Requirements

  • Trading members must submit bids through NCB-GSec module of iBBS platform
  • Minimum subscription: 100 units (Rs. 10,000) and multiples thereof
  • Maximum bid amount per security: Rs. 2 crore
  • Direct investors have earlier deadline (November 27, 5:00 pm) compared to trading members
  • Members must ensure timely submission of bids and obligation/pay-in requirements

Contact Information

New User ID Creation/Password Reset

Obligation & Pay-in Queries

Impact Assessment

This circular provides an investment opportunity in government securities with varying maturity periods (2028 to 2055) and coupon rates (5.91% to 7.24%). The non-competitive bidding facility allows smaller investors and trading members to participate in G-sec auctions without competing on price. The total issue size of Rs. 32,000 crore indicates significant government borrowing activity. The longer-tenure securities (2054, 2055) offer higher coupon rates, reflecting the yield curve dynamics. Impact is moderate as this is a routine auction process with established procedures.

Impact Justification

Routine government securities auction with standard bidding process for trading members and direct investors. Medium impact as it provides investment opportunity in G-secs but follows established procedures.