648GS35A26 - Stock Market Circularshttps://rhnvrm.github.io/stock-market-circulars/stocks/648gs35a26/Regulatory circulars from NSE, BSE, and SEBI with AI-powered summariesHugo -- gohugo.ioen-usWed, 08 Apr 2026 00:00:00 +0000Non-Competitive Bidding for Auction of GoI Dated Securities (G-secs) on April 10, 2026https://rhnvrm.github.io/stock-market-circulars/circulars/bse/2026/bse-2026-04-08-d0155964f1f47b2c-non-competitive-bidding-for-auction-of-goi-dated-securities-g-secs-on-april-10-2/Wed, 08 Apr 2026 08:56:54 +0000https://rhnvrm.github.io/stock-market-circulars/circulars/bse/2026/bse-2026-04-08-d0155964f1f47b2c-non-competitive-bidding-for-auction-of-goi-dated-securities-g-secs-on-april-10-2/BSE announces non-competitive bidding facility for Government of India dated securities auction on April 10, 2026, with bidding available through the NCB-GSec module of the Exchange's iBBS system.bsetradingmediummediummediumd0155964f1f47b2chttps://www.bseindia.com/downloads/UploadDocs/Notices/20260408-9/20260408-9.pdf648GS35A26government-securitiesnon-competitive-biddingg-secauctiondebttrading-operationsrbiibbsSummary

BSE has announced non-competitive bidding for the Government of India (GoI) dated securities auction scheduled for April 10, 2026. This is in reference to an RBI press release dated April 6, 2026, announcing the sale of two dated securities. Bidding is facilitated through the NCB-GSec module on BSE’s iBBS web-based platform. The notice builds on Exchange circular no. 20180423-42 dated April 23, 2018, which launched the non-competitive bidding facility for RBI-conducted Government Securities auctions.

Key Points

  • Auction covers re-issue of 6.48% GS 2035 (Symbol: 648GS35A26), a Government Security with an issue size of Rs. 34,000 crore
  • Minimum subscription size is 100 units with a minimum amount of Rs. 10,000 and maximum of Rs. 2 crore
  • Bidding platform: NCB-GSec module at https://ibbs.bseindia.com
  • Bid collection starts April 7, 2026, from 10:00 am (24-hour availability)
  • Members’ bid collection ends April 10, 2026, at 8:00 am; Direct Investors’ deadline is April 9, 2026, at 5:00 pm
  • Settlement date is April 13, 2026

Regulatory Changes

No new regulatory changes introduced. This circular operates under the existing framework established by Exchange circular no. 20180423-42 (April 23, 2018) for non-competitive bidding in RBI-conducted G-sec auctions.

Compliance Requirements

  • Trading members must use the NCB-GSec module on the iBBS platform to place bids
  • Members must submit bids by April 10, 2026, at 8:00 am
  • Direct investors must submit bids by April 9, 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-related queries: 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, Tel: 022-2272-8468/8704/8264

Important Dates

Event Date/Time
Bid Collection Start April 7, 2026, 10:00 am onwards (24-hour availability)
Bid Collection End (Members) April 10, 2026, 8:00 am
Bid Collection End (Direct Investors) April 9, 2026, 5:00 pm
Auction Date April 10, 2026
Settlement Date April 13, 2026

Impact Assessment

This notice is primarily relevant to debt segment trading members and direct investors who participate in government securities auctions. The re-issue of 6.48% GS 2035 with a large issue size of Rs. 34,000 crore indicates significant government borrowing activity. The non-competitive bidding route provides smaller participants access to G-secs at the weighted average auction price, reducing price risk. Impact is moderate and operationally routine for debt market participants.

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