Description
BSE announces non-competitive bidding 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 available via the NCB-GSec module on BSE's iBBS platform.
Summary
BSE has notified trading members of a non-competitive bidding opportunity for two Government of India (GoI) dated securities scheduled for auction on March 06, 2026. The facility is available through the NCB-GSec module of BSE’s iBBS web-based bidding platform. This circular references the RBI press release dated March 02, 2026 and BSE circular no. 20180423-42 dated April 23, 2018.
Key Points
- Two GoI dated securities are 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 ₹16,000 Cr and ₹13,000 Cr respectively
- Minimum subscription is 100 units at ₹10,000 minimum amount; maximum is ₹2 crore per security
- Bidding platform: https://ibbs.bseindia.com » NCB-GSec module
- Members must submit bids by March 06, 2026, 8:00 AM; Direct Investors by March 05, 2026, 5:00 PM
Regulatory Changes
No new regulatory changes. This circular is issued in continuation of the existing non-competitive bidding framework established under BSE circular no. 20180423-42 (April 23, 2018) and per the RBI press release dated March 02, 2026.
Compliance Requirements
- Trading members wishing to participate must use the NCB-GSec module on the iBBS platform
- Members must ensure bids are submitted within the specified collection window
- For new user ID creation or password reset: contact Trading Operations at user.trdops@bseindia.com or 022-2272 8005/8215
- For bidding queries: trading.ops@bseindia.com or 022-2272 8376/5626/8226
- For obligation and pay-in queries: Collaterals@icclindia.com / settlements@icclindia.com or 022-2272 8468/8704/8264
Important Dates
| Event | Date/Time |
|---|---|
| Bid Collection Start | March 04, 2026, 10:00 AM (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 notice for trading members and direct investors interested in government securities. The two securities cover long-duration G-Secs (2040 and 2065 maturities), making them relevant to institutional investors and long-term fixed-income participants. The combined issue size of ₹29,000 Cr reflects significant sovereign borrowing activity. No market disruption is expected; participation is voluntary and limited to the non-competitive bidding mechanism.
Impact Justification
Routine auction notice for two GoI dated securities via non-competitive bidding; relevant to trading members and direct investors participating in government securities auctions, but limited to a specific bidding window and defined securities.