Description

BSE announces non-competitive bidding facility for RBI auction of two Government of India dated securities totaling Rs. 29,000 crores on February 06, 2026.

Summary

BSE has announced the non-competitive bidding facility for participation in the RBI auction of Government of India dated securities scheduled for February 06, 2026. Two G-secs totaling Rs. 29,000 crores will be available for re-issue: 6.68% GS 2040 (Rs. 16,000 crores) and 6.90% GS 2065 (Rs. 13,000 crores). Trading members can submit bids through BSE’s iBBS web-based NCB-GSec module.

Key Points

  • Two G-secs available for auction: 6.68% GS 2040 and 6.90% GS 2065
  • Total issue size: Rs. 29,000 crores (Rs. 16,000 crores + Rs. 13,000 crores)
  • Bidding through BSE’s iBBS NCB-GSec module at https://ibbs.bseindia.com
  • Minimum subscription: 100 units (Rs. 10,000)
  • Maximum bid amount: Rs. 2 crores per security
  • Auction settlement date: February 09, 2026

Regulatory Changes

No regulatory changes. This circular operationalizes the existing non-competitive bidding facility established under BSE circular no. 20180423-42 dated April 23, 2018.

Compliance Requirements

  • Trading members must use the NCB-GSec module of BSE’s iBBS system for bidding
  • Bids must be in minimum subscription units of 100 and multiples thereof (Rs. 10,000 minimum)
  • Maximum bid amount per security is Rs. 2 crores
  • Members must submit bids by February 06, 2026, 8:00 AM
  • Direct investors must submit bids by February 05, 2026, 5:00 PM

Important Dates

  • Bid Collection Start: February 03, 2026, 10:00 AM onwards (24-hour availability)
  • Bid Collection End (Direct Investors): February 05, 2026, 5:00 PM
  • Bid Collection End (Members): February 06, 2026, 8:00 AM
  • Auction Date: February 06, 2026
  • Settlement Date: February 09, 2026

Impact Assessment

Market Impact: Low - This is a routine G-sec auction process that occurs regularly. The facility provides retail and institutional investors access to government securities through the non-competitive route.

Operational Impact: Limited to debt market participants and trading members who wish to participate in government securities auctions. The process is standardized with established parameters and settlement procedures through ICCL.

Impact Justification

Routine operational circular for G-sec auction process with standard bidding parameters. Limited to debt market participants interested in government securities.