Description

BSE announces non-competitive bidding facility for SDL auction on January 13, 2026, covering 21 state government securities with a total issue size of Rs. 27,815 crore across multiple states.

Summary

BSE has announced the non-competitive bidding facility for the auction of State Government Securities (SDL) scheduled on January 13, 2026, as per RBI’s press release dated January 9, 2026. Trading members can participate through the NCB-GSec module of BSE’s iBBS web-based system. The auction covers 21 SDL securities from 13 states with a combined issue size of Rs. 27,815 crore, including 13 new issues and 8 re-issues.

Key Points

  • Bid collection starts January 12, 2026 from 10:00 am (24-hour availability)
  • Direct investor bid collection ends January 12, 2026
  • Member bid collection ends January 13, 2026 at 8:00 am
  • Auction date: January 13, 2026
  • Settlement date: January 14, 2026
  • Minimum subscription units: 100 (Rs. 10,000)
  • Maximum investment per security ranges from Rs. 1.15 crore to Rs. 20 crore depending on the security
  • Bidding platform: https://ibbs.bseindia.com » NCB-GSec module

Securities Details

New Issues (13):

  • Assam SDL 2038 (Rs. 1,000 Cr)
  • Bihar SDL 2044 (Rs. 1,500 Cr)
  • Bihar SDL 2051 (Rs. 1,500 Cr)
  • Chhattisgarh SDL 2036 (Rs. 1,000 Cr)
  • Chhattisgarh SDL 2037 (Rs. 1,000 Cr)
  • Haryana SDL 2039 (Rs. 1,000 Cr)
  • Haryana SDL 2043 (Rs. 1,000 Cr)
  • Karnataka SDL 2033 (Rs. 2,000 Cr)
  • Mizoram SDL 2041 (Rs. 115 Cr)
  • Punjab SDL 2031 (Rs. 2,000 Cr)
  • Tamil Nadu SDL 2036 (Rs. 1,700 Cr)
  • Telangana SDL 2042 (Rs. 1,000 Cr)
  • Telangana SDL 2052 (Rs. 1,000 Cr)
  • West Bengal SDL 2037 (Rs. 1,000 Cr)
  • West Bengal SDL 2042 (Rs. 1,000 Cr)
  • West Bengal SDL 2046 (Rs. 1,000 Cr)

Re-Issues (8):

  • 7.16% Karnataka 2031 (Rs. 2,000 Cr)
  • 7.51% Karnataka 2036 (Rs. 2,000 Cr)
  • 7.50% Tamil Nadu 2037 (Rs. 1,000 Cr)
  • 7.58% Tamil Nadu 2056 (Rs. 2,000 Cr)
  • 6.74% Uttarakhand 2035 (Rs. 1,000 Cr)

Compliance Requirements

  • Trading members must use BSE’s iBBS web-based system NCB-GSec module for bidding
  • Bids must be submitted within specified timelines: direct investors by January 12, 2026, and members by January 13, 2026 at 8:00 am
  • Minimum investment of Rs. 10,000 (100 units) required
  • Maximum investment limits vary by security (Rs. 1.15 crore to Rs. 20 crore)
  • Contact designated teams for new user ID creation, bidding queries, or obligation/pay-in related issues

Important Dates

  • January 12, 2026, 10:00 am: Bid collection starts
  • January 12, 2026: Bid collection end date for direct investors
  • January 13, 2026, 8:00 am: Bid collection end date for members
  • January 13, 2026: Auction date
  • January 14, 2026: Settlement date

Impact Assessment

This circular has minimal market impact as it is a routine announcement for debt market participants. The non-competitive bidding facility allows retail investors and smaller institutions to participate in SDL auctions without competing on price. The auction covers a diverse range of state government securities with maturity periods ranging from 2031 to 2056, providing investment options across different tenors. No impact on equity markets or specific stocks.

Impact Justification

Routine announcement of SDL auction bidding process with standard parameters. Affects only debt market participants interested in state government securities through non-competitive bidding.