Description
BSE announces non-competitive bidding facility for two Government of India dated securities (6.68% GS 2040 and 6.90% GS 2065) to be auctioned on March 06, 2026, with bidding open via the NCB-GSec module of BSE's iBBS platform.
Summary
BSE has announced the non-competitive bidding window for two Government of India (GoI) dated securities scheduled for RBI auction on March 06, 2026. Trading members and direct investors can participate via the NCB-GSec module of BSE’s iBBS web-based bidding platform. This circular follows the RBI press release dated March 02, 2026 and is in continuation of BSE circular no. 20180423-42 dated April 23, 2018.
Key Points
- Two GoI dated securities available for non-competitive bidding: 6.68% GS 2040 (Symbol: 668GS40M26) and 6.90% GS 2065 (Symbol: 690GS65M26)
- Both are re-issues; issue sizes are Rs. 16,000 Cr and Rs. 13,000 Cr respectively
- Bidding platform: https://ibbs.bseindia.com » NCB-GSec module
- Minimum subscription: 100 units; minimum amount Rs. 10,000; maximum amount Rs. 2 crore
- Settlement date: March 09, 2026
Regulatory Changes
No new regulatory changes introduced. This circular operates under the existing framework established by BSE circular no. 20180423-42 (April 23, 2018) for non-competitive bidding in RBI-conducted Government Securities auctions.
Compliance Requirements
- Trading members must submit bids through the NCB-GSec module on the iBBS platform before the respective deadlines
- Members must adhere to the minimum (Rs. 10,000) and maximum (Rs. 2 crore) bid amount limits
- Contact Trading Operations for new user ID creation, password reset, or bidding-related queries
- Contact ICCL Operations for obligation and pay-in related queries
Important Dates
| Event | Date/Time |
|---|---|
| Bid Collection Start | March 04, 2026, 10:00 AM onwards (24-hour availability) |
| Bid Collection End (Members) | March 06, 2026, 8:00 AM |
| Bid Collection End (Direct Investors) | March 05, 2026, 5:00 PM |
| Auction Date | March 06, 2026 |
| Settlement Date | March 09, 2026 |
Impact Assessment
This is a routine operational circular with moderate impact, relevant primarily to trading members and direct investors participating in the GoI securities market. The combined issue size of Rs. 29,000 crore (Rs. 16,000 Cr + Rs. 13,000 Cr) is significant in scale. Members have a narrow bidding window — particularly direct investors who must bid by March 05, 2026 at 5:00 PM. No disruption to equity markets is expected; impact is confined to the debt/G-sec segment.
Impact Justification
Routine non-competitive bidding notice for GoI G-sec auction affecting trading members and direct investors participating in government securities; time-sensitive operational circular with specific bid deadlines.