Description
BSE announces non-competitive bidding for auction of one Government of India dated security (6.48% GS 2035) on February 27, 2026, with bid collection open via the NCB-GSec module on iBBS platform.
Summary
BSE has announced the availability of non-competitive bidding for the auction of one Government of India (GoI) dated security on February 27, 2026, in continuation of RBI’s press release dated February 23, 2026. Trading members and direct investors can participate through the NCB-GSec module of BSE’s iBBS web-based bidding platform.
Key Points
- The GoI has announced the sale of one dated security via auction on February 27, 2026.
- Bidding is facilitated through the NCB-GSec module at https://ibbs.bseindia.com.
- The security available for bidding is 6.48% GS 2035 (Symbol: 648GS35F26), a G-Sec re-issue with an issue size of Rs. 32,000 crore.
- Minimum subscription is 100 units with a minimum amount of Rs. 10,000 and a maximum of Rs. 2 crore.
- This is in continuation of Exchange circular no. 20180423-42 dated April 23, 2018, which launched the non-competitive bidding facility for RBI-conducted Government Securities auctions.
Regulatory Changes
No new regulatory changes introduced. This circular operates under the existing framework established by Exchange circular no. 20180423-42 (April 23, 2018) for non-competitive bidding in Government Securities auctions conducted by RBI.
Compliance Requirements
- Trading members must submit bids via the NCB-GSec module on the iBBS platform (https://ibbs.bseindia.com) within the prescribed timelines.
- Members must adhere to the minimum subscription unit of 100 and the maximum bid amount of Rs. 2 crore.
- For new user ID creation, password resets, or bidding queries, members should contact BSE Trading Operations at the designated email IDs and phone numbers.
- Obligation and pay-in queries should be directed to ICCL Operations.
Important Dates
| Event | Date & Time |
|---|---|
| Bid Collection Start | February 24, 2026 — 10:00 AM onwards (24-hour availability) |
| Bid Collection End (Members) | February 27, 2026 — 8:00 AM |
| Bid Collection End (Direct Investors) | February 26, 2026 — 5:00 PM |
| Auction Date | February 27, 2026 |
| Settlement Date | March 02, 2026 |
Impact Assessment
This circular has a moderate, targeted impact on debt segment participants. Trading members and direct investors in the G-sec market need to act within tight deadlines — direct investors must submit bids by February 26 at 5:00 PM, while members have until February 27 at 8:00 AM. The re-issue of 6.48% GS 2035 with a large issue size of Rs. 32,000 crore may attract significant participation. There is no impact on equity markets or general compliance frameworks.
Impact Justification
Routine non-competitive bidding notice for a single G-sec re-issue with defined timelines; relevant to debt segment trading members and direct investors but does not affect equity markets or introduce regulatory changes.