Description

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

Summary

BSE has announced non-competitive bidding facility for the auction of two Government of India dated securities scheduled for January 16, 2026, following RBI’s press release dated January 12, 2026. Trading members and direct investors can participate through BSE’s iBBS web-based NCB-GSec module. The auction includes 6.01% GS 2030 (re-issue) worth Rs 18,000 crores and New GS 2076 (re-issue) worth Rs 13,000 crores.

Key Points

  • Two G-secs available for auction: 6.01% GS 2030 and New GS 2076
  • Total issue size: Rs 31,000 crores (Rs 18,000 cr + Rs 13,000 cr)
  • Bidding through BSE’s iBBS web-based system NCB-GSec module
  • Minimum subscription units: 100 with minimum amount Rs 10,000
  • Maximum bidding amount: Rs 2 crores per security
  • Auction follows non-competitive bidding facility launched via circular 20180423-42 dated April 23, 2018

Regulatory Changes

No new regulatory changes. This circular is a continuation of existing non-competitive bidding facility framework for G-sec auctions established in April 2018.

Compliance Requirements

  • Trading members must use BSE’s iBBS web-based system (https://ibbs.bseindia.com) NCB-GSec module for bidding
  • Members must submit bids by January 16, 2026, 8:00 AM
  • Direct investors must submit bids by January 15, 2026, 5:00 PM
  • Bids must comply with minimum subscription units of 100 and minimum amount of Rs 10,000
  • Maximum bid amount per security is Rs 2 crores
  • Settlement obligations must be met on settlement date

Important Dates

  • January 12, 2026: RBI press release announcing auction
  • January 13, 2026: Bid collection start date (from 10:00 AM onwards, 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

Market Impact: Low - Routine government securities auction that is part of regular debt market operations. The non-competitive bidding facility provides institutional participants and retail investors access to G-sec primary issuances.

Operational Impact: Low - Standard process using established BSE iBBS platform. Trading members and direct investors familiar with the NCB-GSec module can participate without operational changes.

Liquidity Impact: Neutral - G-sec auctions add to government debt market depth. The Rs 31,000 crore issue size is routine for sovereign debt issuances.

Contact Support: BSE has provided dedicated contact points for user ID creation (022-2272 8005/8215), bidding queries (022-2272 8376/5626/8226), and settlement queries (022-2272 8468/8704/8264).

Impact Justification

Routine government securities auction notification with standard non-competitive bidding process for institutional participants and direct investors