Description
BSE announces non-competitive bidding window for four Government of India dated securities (G-Secs) auction on April 24, 2026, with total issuance of ₹32,000 crore via the NCB-GSec module on iBBS platform.
Summary
BSE has notified trading members of the non-competitive bidding window for four Government of India (GoI) dated securities to be auctioned by RBI on April 24, 2026. The bidding facility is available through the NCB-GSec module on BSE’s iBBS web-based platform. Total issuance across all four securities amounts to ₹32,000 crore. This circular references the original launch circular (20180423-42, dated April 23, 2018) for the non-competitive bidding facility.
Key Points
- Four GoI dated securities are on offer: 6.03% GS 2029, 6.68% GS 2033, 7.24% GS 2055, and a new GOI Sovereign Green Bond (SGrB) 2056
- Three are re-issues; the SGrB 2056 is a new issuance
- All securities have a minimum subscription size of 100 units and a minimum bid amount of ₹10,000
- Bidding is conducted via the NCB-GSec module at https://ibbs.bseindia.com
- Members must submit bids by 8:00 am on April 24, 2026; direct investors by 5:00 pm on April 23, 2026
- Settlement is on April 27, 2026
Regulatory Changes
No new regulatory changes introduced. This circular is operational in nature, providing auction-specific parameters in continuation of the existing non-competitive bidding framework established under circular 20180423-42 dated April 23, 2018.
Compliance Requirements
- Trading members wishing to participate must place bids through the NCB-GSec module on iBBS before the respective deadlines
- Members: bid deadline is April 24, 2026, by 8:00 am
- Direct investors: bid deadline is April 23, 2026, by 5:00 pm
- For user ID creation or password reset, contact Trading Operations at user.trdops@bseindia.com or 022-2272-8005/8215
- For bidding queries, contact trading.ops@bseindia.com or 022-2272-8376/5626/8226
- For obligation and pay-in queries, contact ICCL Operations at Collaterals@icclindia.com or settlements@icclindia.com
Important Dates
| Event | Date / Time |
|---|---|
| Bid Collection Start | April 21, 2026, 10:00 am (24-hour availability) |
| Bid Collection End (Members) | April 24, 2026, 8:00 am |
| Bid Collection End (Direct Investors) | April 23, 2026, 5:00 pm |
| Auction Date | April 24, 2026 |
| Settlement Date | April 27, 2026 |
Impact Assessment
Securities on Offer:
| Security | Symbol | Type | Issue Size (₹ Cr) | Min Units | Min Amt (₹) |
|---|---|---|---|---|---|
| 6.03% GS 2029 | 603GS29A26 | G-Sec (Re-issue) | 11,000 | 100 | 10,000 |
| 6.68% GS 2033 | 668GS33A26 | G-Sec (Re-issue) | 11,000 | 100 | 10,000 |
| 7.24% GS 2055 | 724GS55A26 | G-Sec (Re-issue) | 5,000 | 100 | 10,000 |
| New GOI SGrB 2056 | NewGSr56A26 | G-Sec (New) | 5,000 | 100 | 10,000 |
This is a standard government securities auction announcement with no direct impact on equity markets. The inclusion of a new Sovereign Green Bond (SGrB) 2056 is notable as a new issuance. Debt market participants, particularly institutional investors and trading members active in the G-Sec segment, should ensure timely bid submission within stated deadlines.
Impact Justification
Routine operational circular for debt market participants enabling non-competitive bidding in a GoI G-Sec auction totalling ₹32,000 crore across four securities. Relevant to trading members and direct investors in the debt segment; no equity market impact.