Description

BSE announces non-competitive bidding facility for RBI's auction of three Government of India dated securities totaling Rs. 33,000 crores on January 23, 2026.

Summary

BSE has notified trading members about the non-competitive bidding facility for participating in the Reserve Bank of India’s auction of three Government of India dated securities scheduled for January 23, 2026. The auction will offer three G-secs totaling Rs. 33,000 crores through BSE’s iBBS web-based NCB-GSec module.

Key Points

  • Three G-secs available for auction: New GS 2029 (Rs. 9,000 cr), New GS 2033 (Rs. 11,000 cr), and 7.24% GS 2055 (Rs. 13,000 cr)
  • All three securities are re-issues
  • Minimum subscription units: 100 (Rs. 10,000)
  • Maximum bidding amount: Rs. 2 crores per security
  • Bidding through BSE’s iBBS platform NCB-GSec module at https://ibbs.bseindia.com
  • Settlement date: January 27, 2026

Regulatory Changes

No regulatory changes. This circular continues the existing non-competitive bidding facility launched via BSE circular no. 20180423-42 dated April 23, 2018.

Compliance Requirements

  • Trading members interested in participating must use BSE’s iBBS web-based NCB-GSec module
  • Members must submit bids within the specified timeline
  • Minimum bid amount: Rs. 10,000 (100 units)
  • Maximum bid amount: Rs. 2 crores per security
  • Direct investors have earlier deadline than trading members

Important Dates

  • Bid Collection Start: January 20, 2026, 10:00 AM onwards (24-hour availability)
  • Bid Collection End (Direct Investors): January 22, 2026, 5:00 PM
  • Bid Collection End (Members): January 23, 2026, 8:00 AM
  • Auction Date: January 23, 2026
  • Settlement Date: January 27, 2026

Impact Assessment

This is a routine operational circular for debt market participants with no impact on equity markets. The non-competitive bidding facility allows retail and smaller institutional investors to participate in G-sec auctions without competing with larger bidders. The circular provides standard auction parameters and contact information for technical and operational support. No market-wide or stock-specific impact anticipated.

Impact Justification

Routine operational circular for debt market participants regarding G-sec auction participation. No impact on equity markets or specific stocks.