Description

BSE announces non-competitive bidding facility for RBI's auction of two Government of India dated securities totaling ₹31,000 crores on January 16, 2026.

Summary

BSE has announced the availability of non-competitive bidding facility for the RBI auction of two Government of India dated securities scheduled for January 16, 2026. The auction includes 6.01% GS 2030 (re-issue of ₹18,000 crores) and New GS 2076 (re-issue of ₹13,000 crores). Trading members and direct investors can place bids through BSE’s iBBS web-based NCB-GSec module with specified timelines for bid submission.

Key Points

  • Two G-secs available for non-competitive bidding with total issue size of ₹31,000 crores
  • 6.01% GS 2030: Re-issue of ₹18,000 crores with maturity in 2030
  • New GS 2076: Re-issue of ₹13,000 crores with maturity in 2076
  • Minimum subscription units: 100 (₹10,000 minimum amount)
  • Maximum bidding amount: ₹2 crores per investor
  • Bidding through BSE’s iBBS web-based system NCB-GSec module
  • Different bid collection deadlines for trading members and direct investors

Regulatory Changes

No regulatory changes. This circular is issued in continuation to Exchange circular no. 20180423-42 dated April 23, 2018, regarding the existing non-competitive bidding facility for Government Securities auctions conducted by RBI.

Compliance Requirements

  • Trading members must collect and submit bids through the NCB-GSec module of BSE’s iBBS platform
  • Members must adhere to specified bid collection timelines
  • Minimum bid amount: ₹10,000 (100 units)
  • Maximum bid amount: ₹2 crores per bidder
  • Bids must be submitted in multiples of minimum subscription units

Important Dates

  • January 13, 2026, 10:00 AM: Bid collection starts (24-hour availability)
  • January 15, 2026, 5:00 PM: Bid collection end date for Direct Investors
  • January 16, 2026, 8:00 AM: Bid collection end date for Trading Members
  • January 16, 2026: Auction date
  • January 19, 2026: Settlement date

Impact Assessment

This is a routine operational circular facilitating retail and institutional participation in government securities auctions. The non-competitive bidding facility allows smaller investors to participate in G-sec auctions without competing with larger institutional bidders. The two securities offered provide investment options across different maturity profiles - medium-term (2030) and long-term (2076). Trading members and their clients interested in fixed-income investments need to submit bids within specified timelines through BSE’s designated platform.

Impact Justification

Routine government securities auction announcement with operational details for trading members and investors participating in non-competitive bidding through BSE's NCB-GSec module.