Description
BSE announces non-competitive bidding facility for State Government Securities (SDL) auction on April 28, 2026, with 12 securities across 8 states available through the NCB-GSec module of iBBS.
Summary
BSE has announced non-competitive bidding for the State Government Securities (SDL) auction scheduled on April 28, 2026, following an RBI press release dated April 24, 2026. Trading members can place bids through the NCB-GSec module on BSE’s iBBS web-based platform. A total of 12 securities across 8 states (Assam, Bihar, Chhattisgarh, Kerala, Madhya Pradesh, Uttar Pradesh, and Uttarakhand) are available, comprising 10 new issues and 2 re-issues.
Key Points
- Bidding platform: https://ibbs.bseindia.com via the NCB-GSec module
- Bid collection opens: April 27, 2026 from 10:00 AM (24-hour availability)
- Deadline for direct investors: April 27, 2026 by 5:00 PM
- Deadline for members: April 28, 2026 by 8:00 AM
- Auction date: April 28, 2026; Settlement date: April 29, 2026
- Minimum subscription: 100 units; Minimum amount: Rs. 10,000
- All 12 securities have a minimum bid amount of Rs. 10,000
Securities Available
| Symbol | Security | Type | Issue Size (Rs. Cr) | Max Amt (Rs. Cr) |
|---|---|---|---|---|
| ASNW2046 | AS SDL 2046 | New | 1000 | 10 |
| BRNW2035 | BR SDL 2035 | New | 1200 | 12 |
| BR077241 | 7.72% BR 2041 | Re-issue | 1200 | 12 |
| CGNW2036 | CG SDL 2036 | New | 500 | 5 |
| CGNW2048 | CG SDL 2048 | New | 500 | 5 |
| KLNW2049 | KL SDL 2049 | New | 1800 | 18 |
| MPNW2034 | MP SDL 2034 | New | 1600 | 16 |
| MPNW2048 | MP SDL 2048 | New | 1200 | 12 |
| UPNW2036 | UP SDL 2036 | New | 2000 | 20 |
| UP076741 | 7.67% UP 2041 | Re-issue | 2500 | 25 |
| UKNW2029 | UK SDL 2029 | New | 500 | 5 |
| UKNW2036 | UK SDL 2036 | New | 500 | 5 |
Regulatory Changes
No new regulatory changes. This notice is issued in continuation of Exchange circular no. 20191122-28 dated November 22, 2019, which launched the non-competitive bidding facility for State Government Securities auctions conducted by RBI.
Compliance Requirements
- Trading members must use the NCB-GSec module on the iBBS platform to place bids.
- Members must ensure bids are submitted by April 28, 2026 at 8:00 AM.
- Direct investors must submit bids by April 27, 2026 at 5:00 PM.
- For new 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, pay-in, and collateral queries, contact ICCL Operations at Collaterals@icclindia.com or settlements@icclindia.com.
Important Dates
- April 27, 2026 from 10:00 AM: Bid collection opens
- April 27, 2026 by 5:00 PM: Deadline for direct investors
- April 28, 2026 by 8:00 AM: Deadline for trading members
- April 28, 2026: Auction date
- April 29, 2026: Settlement date
Impact Assessment
This is a routine operational announcement for debt market participants. Trading members and direct investors seeking to participate in state government securities can bid across 12 SDL instruments with a combined issue size of approximately Rs. 15,300 crore. The securities span maturities from 2029 to 2049, offering options for varying investment horizons. The non-competitive bidding window provides retail and institutional participants access to SDLs without requiring competitive price discovery, lowering barriers to participation in government debt markets.
Impact Justification
Routine SDL auction notice affecting debt market participants and trading members; involves 12 securities worth significant notional value but is a recurring operational announcement.