636GS31M26 - Stock Market Circularshttps://rhnvrm.github.io/stock-market-circulars/stocks/636gs31m26/Regulatory circulars from NSE, BSE, and SEBI with AI-powered summariesHugo -- gohugo.ioen-usTue, 12 May 2026 00:00:00 +0000Non-Competitive Bidding for Auction of GoI Dated Securities (G-secs) on May 15, 2026https://rhnvrm.github.io/stock-market-circulars/circulars/bse/2026/bse-2026-05-12-a87fa13dcb535e94-non-competitive-bidding-for-auction-of-goi-dated-securities-g-secs-on-may-15-202/Tue, 12 May 2026 06:56:13 +0000https://rhnvrm.github.io/stock-market-circulars/circulars/bse/2026/bse-2026-05-12-a87fa13dcb535e94-non-competitive-bidding-for-auction-of-goi-dated-securities-g-secs-on-may-15-202/BSE announces non-competitive bidding facility for two Government of India dated securities (6.36% GS 2031 and New GS 2066) to be auctioned on May 15, 2026, with bid collection open from May 12, 2026.bsetradingmediummediummediuma87fa13dcb535e94https://www.bseindia.com/downloads/UploadDocs/Notices/20260512-2/20260512-2.pdf636GS31M26NewGS66M26government-securitiesnon-competitive-biddingg-secauctiondebtrbitrading-operationsncb-gsecSummary

BSE has notified trading members of the non-competitive bidding facility for the auction of two Government of India (GoI) dated securities on May 15, 2026, in reference to RBI’s press release dated May 11, 2026. Bidding is available through BSE’s NCB-GSec module on the iBBS platform.

Key Points

  • Two GoI dated securities are available for non-competitive bidding: 6.36% GS 2031 (re-issue, symbol: 636GS31M26) and New GS 2066 (re-issue, symbol: NewGS66M26)
  • Bidding platform: NCB-GSec module at https://ibbs.bseindia.com
  • Issue sizes: Rs. 21,000 Cr for 6.36% GS 2031 and Rs. 11,000 Cr for New GS 2066
  • Minimum subscription: 100 units; Minimum amount: Rs. 10,000; Maximum amount: Rs. 2 Cr per security
  • This notice continues from Exchange circular no. 20180423-42 dated April 23, 2018, which launched the non-competitive bidding facility for RBI-conducted Government Securities auctions

Regulatory Changes

No new regulatory changes. This is a routine operational notice in continuation of the existing non-competitive bidding framework established under Exchange circular no. 20180423-42 (April 23, 2018).

Compliance Requirements

  • Trading members must use the NCB-GSec module on BSE’s iBBS web-based system to submit bids
  • Members must submit bids before May 15, 2026, 8:00 AM
  • Direct investors must submit bids before May 14, 2026, 5:00 PM
  • For new user ID creation or password reset: contact user.trdops@bseindia.com or call 022-2272-8005/8215
  • For bidding-related queries: contact trading.ops@bseindia.com or call 022-2272-8376/5626/8226

Important Dates

  • May 12, 2026, 10:00 AM onwards: Bid collection starts (24-hour availability)
  • May 14, 2026, till 5:00 PM: Bid collection end date for Direct Investors
  • May 15, 2026, till 8:00 AM: Bid collection end date for Members
  • May 15, 2026: Auction date
  • May 18, 2026: Settlement date

Impact Assessment

This notice is relevant to BSE trading members and direct investors participating in government securities markets. The two securities offered — a re-issue of 6.36% GS 2031 (Rs. 21,000 Cr) and a new GS 2066 (Rs. 11,000 Cr) — represent significant sovereign debt issuance. The non-competitive bidding route allows smaller participants to invest in G-secs without price discovery risk, broadening access to government debt. Impact is limited to debt market participants; no direct equity market impact.

]]>