Description
BSE notifies trading members of non-competitive bidding facility for two Government of India dated securities to be auctioned on April 17, 2026, with bidding available via the NCB-GSec module on iBBS.
Summary
BSE has notified trading members of the non-competitive bidding facility for the auction of two Government of India (GoI) dated securities on April 17, 2026. This follows a press release by RBI on April 13, 2026, announcing the sale of two dated securities through auction. Bidding is facilitated through the NCB-GSec module of BSE’s iBBS web-based system.
Key Points
- Two GoI dated G-Secs are available for non-competitive bidding: 6.36% GS 2031 and 6.90% GS 2065
- Bidding is conducted via BSE’s iBBS platform (https://ibbs.bseindia.com) under the NCB-GSec module
- This notice is in continuation of Exchange circular no. 20180423-42 dated April 23, 2018, which launched the non-competitive bidding facility for RBI Government Securities auctions
- Minimum subscription is 100 units with a minimum amount of Rs. 10,000 for both securities
- Settlement is scheduled for April 20, 2026
Regulatory Changes
No new regulatory changes introduced. This circular operationalises the existing non-competitive bidding framework (established via circular 20180423-42 dated April 23, 2018) for the specific April 17, 2026 auction announced by RBI.
Compliance Requirements
- Trading members must use the NCB-GSec module on BSE’s iBBS platform (https://ibbs.bseindia.com) to place bids
- Members must submit bids by April 17, 2026, till 8:00 am
- Direct investors must submit bids by April 16, 2026, till 5:00 pm
- For new user ID creation or password reset, contact Trading Operations: user.trdops@bseindia.com / 022-2272-8005/8215
- For bidding-related queries, contact Trading Operations: trading.ops@bseindia.com / 022-2272-8376/5626/8226
- For obligation and pay-in queries, contact ICCL Operations: collaterals@icclindia.com / settlements@icclindia.com / 022-2272-8468/8704/8264
Important Dates
| Event | Date/Time |
|---|---|
| Bid Collection Start | April 15, 2026, from 10:00 am (24-hour availability) |
| Bid Collection End (Members) | April 17, 2026, till 8:00 am |
| Bid Collection End (Direct Investors) | April 16, 2026, till 5:00 pm |
| Auction Date | April 17, 2026 |
| Settlement Date | April 20, 2026 |
Impact Assessment
Securities Available for Bidding:
| Security | Symbol | Type | Issue Size | Min Sub. Units | Min Amt |
|---|---|---|---|---|---|
| 6.36% GS 2031 | 636GS31A26 | G-Sec (Re-issue) | Rs. 21,000 Cr | 100 | Rs. 10,000 |
| 6.90% GS 2065 | 690GS65A26 | G-Sec (Re-issue) | Rs. 11,000 Cr | 100 | Rs. 10,000 |
This is a routine operational notice with moderate impact limited to trading members and direct investors participating in RBI’s G-sec auctions via the BSE platform. The combined issue size of Rs. 32,000 Cr across both securities is significant from a debt market liquidity perspective. Members looking to invest in sovereign debt instruments should act before the respective bid collection deadlines.
Impact Justification
Routine operational notice for G-sec auction participation; relevant primarily to trading members and direct investors in the debt segment who wish to participate in the RBI-conducted non-competitive bidding process.