Description

BSE announces non-competitive bidding facility for Government of India dated securities auction on May 08, 2026, with bidding available through the NCB-GSec module of the Exchange's iBBS system.

Summary

BSE has announced the availability of non-competitive bidding for the Government of India (GoI) dated securities auction scheduled for May 08, 2026. This follows an RBI press release dated May 04, 2026, announcing the sale of one dated security. Trading members can participate through the NCB-GSec module of BSE’s iBBS web-based system.

Key Points

  • GoI will auction one dated security (New GS 2036, symbol: NEWGS36M26) on May 08, 2026
  • Issue size is Rs. 34,000 crore (re-issue)
  • Bidding is available via the NCB-GSec module at https://ibbs.bseindia.com
  • Minimum subscription is 100 units; minimum bid amount is Rs. 10,000
  • This facility is in continuation of Exchange circular no. 20180423-42 dated April 23, 2018

Regulatory Changes

No new regulatory changes introduced. This notice operates under the existing non-competitive bidding framework established by Exchange circular no. 20180423-42 (April 23, 2018) and the RBI’s auction mechanism for government securities.

Compliance Requirements

  • Trading members must use the NCB-GSec module on the iBBS platform to place bids
  • Members must submit bids before May 08, 2026, 8:00 AM
  • Direct investors must submit bids before May 07, 2026, 5:00 PM
  • Bids must meet minimum subscription of 100 units and minimum amount of Rs. 10,000
  • Contact Trading Operations for new user ID creation, password reset, or bidding queries
  • Contact ICCL Operations for obligation, pay-in, and settlement-related queries

Important Dates

  • May 04, 2026: RBI press release announcing the auction
  • May 05, 2026, 10:00 AM onwards: Bid collection start date (24-hour availability)
  • May 07, 2026, 5:00 PM: Bid collection end date for direct investors
  • May 08, 2026, 8:00 AM: Bid collection end date for trading members
  • May 08, 2026: Auction date
  • May 11, 2026: Settlement date

Impact Assessment

This circular is relevant primarily to debt segment trading members and direct investors participating in government securities auctions. The security (New GS 2036) is a re-issue with an issue size of Rs. 34,000 crore, indicating significant volume. Settlement on May 11, 2026 (T+3) follows standard G-sec auction norms. Operational impact is limited to members actively using the NCB-GSec bidding platform; broader equity market impact is negligible.

Impact Justification

Routine notification for a scheduled GoI G-sec auction affecting debt segment trading members; operationally significant for participants but not a broad market event.