Description

BSE announces non-competitive bidding facility for RBI auction of two Government of India dated securities (6.68% GS 2040 and 6.90% GS 2065) on February 06, 2026 with total issue size of Rs 29,000 crores.

Summary

BSE has announced the availability of non-competitive bidding (NCB) facility for trading members and direct investors to participate in the RBI auction of Government of India dated securities scheduled for February 06, 2026. Two G-secs will be re-issued: 6.68% GS 2040 (Rs 16,000 crores) and 6.90% GS 2065 (Rs 13,000 crores). The bidding will be conducted through BSE’s iBBS web-based NCB-GSec module.

Key Points

  • Two GoI dated securities to be auctioned on February 06, 2026
  • 6.68% GS 2040: Re-issue of Rs 16,000 crores (Security Symbol: 668GS40F26)
  • 6.90% GS 2065: Re-issue of Rs 13,000 crores (Security Symbol: 690GS65F26)
  • Minimum subscription units: 100 (Rs 10,000 minimum amount)
  • Maximum bidding amount: Rs 2 crores per security
  • Settlement date: February 09, 2026
  • Bidding platform: BSE iBBS web-based system NCB-GSec module (https://ibbs.bseindia.com)

Regulatory Changes

No new regulatory changes. This circular is in continuation of Exchange circular no. 20180423-42 dated April 23, 2018, regarding the launch of non-competitive bidding facility for Government Securities auctions.

Compliance Requirements

  • Trading members must submit bids through the NCB-GSec module of BSE’s iBBS platform
  • Members must adhere to the specified bidding windows and amount limits
  • New users requiring ID creation or password reset must contact Trading Operations
  • Settlement obligations must be fulfilled as per ICCL requirements

Important Dates

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

Impact Assessment

This is a routine operational circular with minimal market impact. It provides trading members and direct investors an opportunity to participate in the RBI’s G-sec auction through the non-competitive bidding route. The facility allows smaller investors to access government securities without competing with primary dealers and institutional bidders. No changes to existing procedures or regulations are introduced.

Impact Justification

Routine operational circular for G-sec auction participation through NCB facility. Standard procedure with no regulatory changes or market-wide impact.