Description

BSE announces non-competitive bidding facility for Government of India dated securities auction scheduled for January 16, 2026, covering two G-secs with total issue size of Rs 31,000 crore.

Summary

BSE has announced the availability of non-competitive bidding facility for trading members and direct investors to participate in the Government of India dated securities auction scheduled for January 16, 2026. This follows RBI’s press release dated January 12, 2026, regarding the auction of two dated securities with a combined issue size of Rs 31,000 crore. The bidding will be conducted through BSE’s iBBS web-based NCB-GSec module.

Key Points

  • Two G-secs available for auction: 6.01% GS 2030 (Rs 18,000 crore) and New GS 2076 (Rs 13,000 crore)
  • Both securities are re-issues with minimum subscription units of 100 and multiples thereof
  • Minimum bid amount: Rs 10,000; Maximum bid amount: Rs 2 crore per bidder
  • Bidding conducted through NCB-GSec module on iBBS platform (https://ibbs.bseindia.com)
  • Different bid collection timelines for trading members and direct investors
  • Circular issued in continuation to Exchange circular no. 20180423-42 dated April 23, 2018

Regulatory Changes

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

Compliance Requirements

  • Trading members must submit bids through the NCB-GSec module of BSE’s iBBS system
  • Members must adhere to bid amount limits (minimum Rs 10,000, maximum Rs 2 crore)
  • Subscription must be in units of 100 and multiples thereof
  • Members must comply with different bid collection deadlines based on participant type
  • Contact designated BSE/ICCL teams for user ID creation, bidding queries, or settlement-related issues

Important Dates

  • January 12, 2026: RBI press release announcing the auction
  • January 13, 2026, 10:00 AM: Bid collection starts (24-hour availability)
  • January 15, 2026, 5:00 PM: Bid collection ends for direct investors
  • January 16, 2026, 8:00 AM: Bid collection ends for trading members
  • January 16, 2026: Auction date
  • January 19, 2026: Settlement date

Impact Assessment

This is a routine operational circular with minimal market impact. It provides trading members and direct investors an opportunity to participate in the GoI securities auction through a non-competitive route. The facility is particularly relevant for debt market participants seeking allocation without competing on price. The total issue size of Rs 31,000 crore represents standard government borrowing operations. No impact on equity markets or specific stocks. Contact details provided ensure operational support for participants during the bidding and settlement process.

Impact Justification

Routine operational circular for G-sec auction participation; affects only debt market participants interested in non-competitive bidding process