Description
BSE announces non-competitive bidding facility for State Government Securities (SDL) auction on April 21, 2026, with 13 securities from Andhra Pradesh, Maharashtra, Punjab, Rajasthan, and Telangana available via the NCB-GSec module.
Summary
BSE has announced a non-competitive bidding facility for the auction of State Government Securities (SDL) scheduled on April 21, 2026, in response to an RBI press release dated April 18, 2026. Trading members can participate via the NCB-GSec module on BSE’s iBBS platform. A total of 13 SDL securities across five states are available, comprising 12 new issues and 1 re-issue.
Key Points
- Bidding is available through the NCB-GSec module at https://ibbs.bseindia.com
- 13 securities from Andhra Pradesh, Maharashtra, Punjab, Rajasthan, and Telangana are open for bidding
- Minimum subscription size is Rs. 100 per unit with multiples of Rs. 10,000
- Maximum bid amount ranges from Rs. 8 Cr to Rs. 18 Cr depending on the security
- This is a continuation of the facility launched via circular 20191122-28 dated November 22, 2019
Regulatory Changes
No new regulatory changes. This circular operationalizes an existing RBI-announced SDL auction under the established non-competitive bidding framework.
Compliance Requirements
- Trading members must submit bids through the NCB-GSec module on iBBS before 8:00 AM on April 21, 2026
- Direct investors must comply with their respective bid collection end time
- Members should contact Trading Operations (trading.ops@bseindia.com / 022-2272 8376/5626/8226) for bidding queries
- New user ID or password reset requests: user.trdops@bseindia.com / 022-2272 8005/8215
- Pay-in and obligation queries: ICCL Operations at Collaterals@icclindia.com or settlements@icclindia.com / 022-2272 8468/5784/8264/8467/8223/8704/5163
Important Dates
- April 20, 2026 from 10:00 AM: Bid collection opens (24-hour availability)
- April 21, 2026 till 8:00 AM: Bid collection closes for trading members
- April 21, 2026: Auction date
- April 22, 2026: Settlement date
Impact Assessment
| Security | Symbol | Type | Min Sub (Rs. Cr) | Max Amt (Rs. Cr) |
|---|---|---|---|---|
| AP SDL 2034 | APNW2034 | New | 1800 | 18 |
| AP SDL 2042 | APNW2042 | New | 1800 | 18 |
| AP SDL 2056 | APNW2056 | New | 1000 | 10 |
| MH SDL 2034 | MHNW2034 | New | 1600 | 16 |
| MH SDL 2044 | MHNW2044 | New | 1600 | 16 |
| MH SDL 2054 | MHNW2054 | New | 800 | 8 |
| PB SDL 2038 | PBNW2038 | New | 1300 | 13 |
| RJ SDL 2036 | RJNW2036 | New | 1200 | 12 |
| 7.99% RJ 2041 | RJ079941 | Re-issue | 1800 | 18 |
| RJ SDL 2049 | RJNW2049 | New | 1000 | 10 |
| TS SDL 2033 | TSNW2033 | New | 1000 | 10 |
| TS SDL 2037 | TSNW2037 | New | 1000 | 10 |
| TS SDL 2047 | TSNW2047 | New | 1000 | 10 |
Impact is limited to debt segment participants. The auction provides an opportunity for trading members and direct investors to participate in state government borrowings across five states with maturities ranging from 2033 to 2056.
Impact Justification
Routine SDL auction notice relevant to debt segment trading members and direct investors participating in government securities via BSE's NCB-GSec platform; does not introduce new rules but requires timely action before April 21 deadlines.