Description
BSE announces non-competitive bidding facility for RBI's SDL securities auction on May 19, 2026, with 18 securities from Andhra Pradesh, Maharashtra, Punjab, Rajasthan, Tamil Nadu, and Telangana states available via the NCB-GSec module on iBBS.
Summary
BSE has announced the availability of non-competitive bidding for the RBI-conducted State Government Securities (SDL) auction scheduled for May 19, 2026. Trading members and direct investors can participate through the NCB-GSec module on BSE’s iBBS platform. A total of 18 SDL securities across six states — Andhra Pradesh, Maharashtra, Punjab, Rajasthan, Tamil Nadu, and Telangana — are available, with issue sizes ranging from Rs. 500 Cr to Rs. 1,800 Cr.
Key Points
- Bidding is available via https://ibbs.bseindia.com under the NCB-GSec module
- Bid collection opens May 18, 2026 at 10:00 AM (24-hour availability)
- 18 SDL securities are available across AP, MH, PB, RJ, TN, and TS states
- Mix of re-issue and new SDL securities; all have minimum subscription of 100 units at Rs. 10,000 minimum amount
- Settlement is T+1: auction on May 19, settlement on May 20, 2026
- This circular continues the non-competitive bidding facility launched under Exchange circular 20191122-28 dated November 22, 2019
Regulatory Changes
No new regulatory changes. This notice is issued in continuation of the existing non-competitive bidding framework established via BSE circular 20191122-28 (November 22, 2019) and in reference to the RBI press release dated May 15, 2026.
Compliance Requirements
- Trading members must submit bids through the NCB-GSec module on iBBS
- Members must ensure bids are placed before May 19, 2026 at 8:00 AM
- Direct investors must submit bids before May 18, 2026 at 5:00 PM
- For new user IDs or password resets, 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 | May 18, 2026, 10:00 AM |
| Bid Collection End (Direct Investors) | May 18, 2026, 5:00 PM |
| Bid Collection End (Members) | May 19, 2026, 8:00 AM |
| Auction Date | May 19, 2026 |
| Settlement Date | May 20, 2026 |
Impact Assessment
This is a routine operational notice for debt market participants. The auction covers Rs. 18,050 Cr worth of SDL securities across six state governments, offering trading members and direct investors a non-competitive route to participate in the RBI auction without price risk. The tight bidding window — especially for direct investors who must bid by 5 PM on May 18 — requires prompt action. No broader market impact is expected beyond normal SDL auction activity.
Impact Justification
Routine SDL auction notice relevant to debt market participants and trading members wishing to place non-competitive bids; no regulatory changes, tight bidding window requires timely action.