Description

BSE announces non-competitive bidding facility for auction of Government of India dated security 6.48% GS 2035 scheduled for January 02, 2026 with issue size of Rs. 32,000 crores.

Summary

BSE has announced the availability of non-competitive bidding facility for the auction of Government of India dated security (6.48% GS 2035) scheduled for January 02, 2026. The auction is being conducted by RBI with an issue size of Rs. 32,000 crores. Trading members and direct investors can participate through BSE’s iBBS web-based 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 bid amount: Rs. 2 crores
  • Auction date: January 02, 2026
  • Settlement date: January 05, 2026
  • Bidding platform: BSE iBBS NCB-GSec module (https://ibbs.bseindia.com)
  • Reference to original circular: 20180423-42 dated April 23, 2018

Regulatory Changes

No new regulatory changes. This circular is in continuation of the existing non-competitive bidding facility framework established through Exchange circular no. 20180423-42 dated April 23, 2018.

Compliance Requirements

For Trading Members:

  • Submit bids through BSE’s iBBS NCB-GSec module
  • Bid collection window: December 30, 2025 (10:00 am) to January 02, 2026 (8:00 am)
  • Ensure compliance with minimum subscription units of Rs. 10,000 in multiples of Rs. 100
  • Maximum bid limit: Rs. 2 crores per bid

For Direct Investors:

  • Bid collection deadline: January 01, 2026 (5:00 pm)

Contact Information:

Important Dates

  • December 29, 2025: RBI press release announcing auction
  • December 30, 2025, 10:00 am: Bid collection starts (24-hour availability)
  • January 01, 2026, 5:00 pm: Bid collection end for direct investors
  • January 02, 2026, 8:00 am: Bid collection end for trading members
  • January 02, 2026: Auction date
  • January 05, 2026: Settlement date

Impact Assessment

Market Impact: Low - This is a routine operational circular for government securities auction. The non-competitive bidding facility is an existing mechanism that has been operational since April 2018.

Operational Impact: Low - Standard auction process for trading members already familiar with the NCB-GSec module. No changes to existing bidding procedures or platform functionality.

Investor Impact: Low - Provides opportunity for retail and institutional investors to participate in G-sec auctions through non-competitive route with clearly defined parameters and limits.

Impact Justification

Routine notification for G-sec auction facility. Standard operational circular for trading members participating in government securities auctions through NCB mechanism.