Description
BSE announces non-competitive bidding facility for four GoI dated securities auction on May 22, 2026, with bidding available via the NCB-GSec module on iBBS platform from May 19, 2026.
Summary
BSE has notified trading members of the non-competitive bidding facility for the Government of India’s auction of four dated securities on May 22, 2026, as announced by RBI on May 18, 2026. Bids can be submitted through the NCB-GSec module on BSE’s iBBS web-based platform. This notice continues the facility launched under Exchange circular no. 20180423-42 dated April 23, 2018.
Key Points
- Four GoI dated securities are available for non-competitive bidding via BSE’s NCB-GSec module at https://ibbs.bseindia.com
- Three securities are listed: 6.03% GS 2029 (symbol: 603GS29M26), 6.68% GS 2033 (symbol: 668GS33M26), and 7.24% GS 2055 (symbol: 724GS55M26)
- All securities are re-issues with minimum subscription of 100 units and minimum bid amount of Rs. 10,000
- Issue sizes: Rs. 11,000 Cr each for 6.03% GS 2029 and 6.68% GS 2033; Rs. 10,000 Cr for 7.24% GS 2055
- Maximum bid amount is Rs. 2 Cr for all three securities
- Settlement date is May 25, 2026
Regulatory Changes
No new regulatory changes. This notice is issued in continuation of the non-competitive bidding facility established under Exchange circular no. 20180423-42 dated April 23, 2018, and follows RBI’s press release of May 18, 2026.
Compliance Requirements
- Trading members must use the NCB-GSec module on BSE’s iBBS platform (https://ibbs.bseindia.com) to place bids
- Members must submit bids before May 22, 2026, 8:00 AM
- Direct investors must submit bids before May 21, 2026, 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 and pay-in queries, contact ICCL Operations at Collaterals@icclindia.com or settlements@icclindia.com
Important Dates
- May 19, 2026, 10:00 AM onwards: Bid collection start date (24-hour availability)
- May 21, 2026, 5:00 PM: Bid collection end date for direct investors
- May 22, 2026, 8:00 AM: Bid collection end date for trading members
- May 22, 2026: Auction date
- May 25, 2026: Settlement date
Impact Assessment
This circular is relevant to debt segment trading members and direct investors seeking to participate in government securities auctions through BSE’s non-competitive bidding facility. The three re-issue securities span short (2029), medium (2033), and long (2055) tenors, offering participants exposure across the yield curve. With a combined issue size of Rs. 32,000 Cr and a maximum bid cap of Rs. 2 Cr per security, the facility is primarily aimed at retail and small institutional participants. No significant market disruption is expected; this is a standard periodic auction facilitation notice.
Impact Justification
Routine periodic notice for G-Sec non-competitive bidding relevant to debt segment trading members and direct investors; no structural regulatory change, but time-sensitive with auction on May 22, 2026.