Description

BSE announces non-competitive bidding facility for RBI's auction of 6.48% GS 2035 government securities worth ₹32,000 crores with bid collection from January 27-30, 2026.

Summary

BSE has announced the availability of non-competitive bidding facility for the auction of Government of India dated securities (G-secs) scheduled for January 30, 2026. Trading members and direct investors can participate in the auction of 6.48% GS 2035 (re-issue) worth ₹32,000 crores through BSE’s iBBS web-based NCB-GSec module. The circular provides complete bidding parameters, timelines, and contact information for queries.

Key Points

  • Auction for 6.48% GS 2035 government security (re-issue) worth ₹32,000 crores
  • Security symbol: 648GS35J26
  • Minimum subscription units: ₹10,000 in multiples of 100
  • Maximum bid amount: ₹2 crores per bidder
  • Bidding platform: BSE iBBS web-based system (NCB-GSec module)
  • Settlement date: February 02, 2026
  • Facility available as per Exchange circular no. 20180423-42 dated April 23, 2018

Regulatory Changes

No new regulatory changes. This is a routine operational announcement for an upcoming G-sec auction using the existing non-competitive bidding framework established in 2018.

Compliance Requirements

  • Trading members interested in participating must submit bids through BSE’s iBBS NCB-GSec module at https://ibbs.bseindia.com
  • Members must ensure bid submission within specified timelines
  • Direct investors and trading members have different bid collection deadlines
  • Participants must adhere to minimum and maximum bid amount limits
  • New users must complete user ID creation and password setup prior to bidding

Important Dates

  • January 27, 2026, 10:00 AM: Bid collection starts (24-hour availability)
  • January 29, 2026, 5:00 PM: Bid collection end for direct investors
  • January 30, 2026, 8:00 AM: Bid collection end for trading members
  • January 30, 2026: Auction date
  • February 02, 2026: Settlement date

Impact Assessment

Market Impact: Minimal. This is a routine government securities auction announcement that facilitates participation by retail and institutional investors through the non-competitive route.

Operational Impact: Low. Only affects trading members and investors interested in participating in G-sec auctions. The established NCB-GSec module provides a streamlined process for participation.

Stakeholder Impact: Limited to government securities market participants. The non-competitive bidding facility allows smaller investors to participate in primary G-sec auctions without competing with large institutional bidders, promoting financial inclusion in the debt market.

Contact Teams: BSE has provided comprehensive contact information for trading operations (user creation, bidding queries) and ICCL operations (settlement and pay-in queries) to ensure smooth participation process.

Impact Justification

Routine announcement for government securities auction through established non-competitive bidding facility. Impacts only participants interested in G-sec auctions with no broader market implications.