Description

BSE announces non-competitive bidding facility for RBI auction of two GoI dated securities (6.01% GS 2030 and 7.09% GS 2074) worth Rs 30,000 crores on December 19, 2025.

Summary

BSE has announced the non-competitive bidding facility for participating in the RBI auction of two Government of India dated securities scheduled for December 19, 2025. Trading members and direct investors can bid through BSE’s iBBS web-based NCB-GSec module for securities worth Rs 30,000 crores (Rs 18,000 crores of 6.01% GS 2030 and Rs 12,000 crores of 7.09% GS 2074). This is a continuation of the non-competitive bidding facility launched in April 2018.

Key Points

  • Two G-secs available for auction: 6.01% GS 2030 (re-issue) and 7.09% GS 2074 (re-issue)
  • Total auction size: Rs 30,000 crores
  • Bidding platform: BSE’s iBBS web-based system - NCB-GSec module
  • Minimum subscription units: 100 (Rs 10,000)
  • Maximum bidding amount: Rs 2 crores per security
  • Bid collection for members: December 16, 2025 (10:00 am) to December 19, 2025 (8:00 am)
  • Bid collection for direct investors: December 16, 2025 (10:00 am) to December 18, 2025 (5:00 pm)
  • Settlement date: December 22, 2025

Regulatory Changes

No regulatory changes. This circular continues the existing non-competitive bidding framework established through Exchange circular no. 20180423-42 dated April 23, 2018.

Compliance Requirements

  • Trading members must submit bids through the NCB-GSec module of BSE’s iBBS platform at https://ibbs.bseindia.com
  • Members must adhere to specified bidding windows and amount limits
  • New users requiring ID creation or password reset must contact Trading Operations at user.trdops@bseindia.com or 022-2272 8005/8215
  • Members must comply with obligation and pay-in requirements as per ICCL Operations guidelines

Important Dates

  • December 16, 2025, 10:00 am: Bid collection starts (24-hour availability)
  • December 18, 2025, 5:00 pm: Bid collection end for direct investors
  • December 19, 2025, 8:00 am: Bid collection end for trading members
  • December 19, 2025: Auction date
  • December 22, 2025: Settlement date

Impact Assessment

This is a routine operational circular with minimal market impact. It provides standard auction participation opportunity for trading members and investors to acquire government securities through the non-competitive bidding route. The facility enables retail and smaller participants to access G-sec auctions without competing with primary dealers in the competitive segment. No changes to existing processes or requirements.

Impact Justification

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