Description

BSE announces non-competitive bidding facility for RBI auction of 6.48% GS 2035 government security worth Rs. 32,000 crores on January 02, 2026.

Summary

BSE has announced the availability of non-competitive bidding facility for the RBI auction of Government of India dated securities scheduled for January 02, 2026. Trading members and direct investors can participate in the auction for 6.48% GS 2035 (re-issue) worth Rs. 32,000 crores through BSE’s iBBS NCB-GSec module.

Key Points

  • Security offered: 6.48% GS 2035 (Re-issue)
  • Issue size: Rs. 32,000 crores
  • Minimum subscription units: Rs. 10,000 (in multiples of Rs. 100)
  • Maximum amount per bid: Rs. 2 crores
  • Bidding platform: iBBS web-based system (https://ibbs.bseindia.com)
  • Non-competitive bidding facility available through BSE’s NCB-GSec module
  • Reference circular: BSE circular no. 20180423-42 dated April 23, 2018

Regulatory Changes

No new regulatory changes. This circular continues the existing non-competitive bidding framework established in April 2018 for G-sec auctions conducted by RBI.

Compliance Requirements

For Trading Members:

  • Submit bids through NCB-GSec module on iBBS platform
  • Ensure bids comply with minimum (Rs. 10,000) and maximum (Rs. 2 crores) limits
  • Use multiples of Rs. 100 for bid amounts
  • Contact relevant teams for user ID creation, password reset, or bidding queries

For Direct Investors:

  • Must submit bids by earlier deadline (January 01, 2026, 5:00 PM)

Important Dates

  • December 30, 2025, 10:00 AM: Bid collection starts (24-hour availability)
  • January 01, 2026, 5:00 PM: Bid collection ends for Direct Investors
  • January 02, 2026, 8:00 AM: Bid collection ends for Trading Members
  • January 02, 2026: Auction date
  • January 05, 2026: Settlement date

Impact Assessment

Market Impact: Low - This is a routine government securities auction notification affecting only debt market participants. No impact on equity trading.

Operational Impact: Low - Standard procedure for trading members already familiar with the NCB-GSec module. Support teams available for technical assistance.

Investor Impact: Minimal - Provides investment opportunity in government securities for institutional and retail participants through non-competitive route, ensuring allocation at weighted average price of competitive auction.

Impact Justification

Routine government securities auction notification with standard bidding procedures for debt market participants. Limited impact on equity markets.