AP079638 - Stock Market Circularshttps://rhnvrm.github.io/stock-market-circulars/stocks/ap079638/Regulatory circulars from NSE, BSE, and SEBI with AI-powered summariesHugo -- gohugo.ioen-usSun, 03 May 2026 00:00:00 +0000Non-Competitive Bidding for Auction of State Government Securities (SDL) on May 05, 2026https://rhnvrm.github.io/stock-market-circulars/circulars/bse/2026/bse-2026-05-03-38096df93783dcd6-non-competitive-bidding-for-auction-of-state-government-securities-sdl-on-may-05/Sun, 03 May 2026 15:04:34 +0000https://rhnvrm.github.io/stock-market-circulars/circulars/bse/2026/bse-2026-05-03-38096df93783dcd6-non-competitive-bidding-for-auction-of-state-government-securities-sdl-on-may-05/BSE announces non-competitive bidding facility for RBI's SDL auction on May 05, 2026, covering securities from Andhra Pradesh, Maharashtra, Rajasthan, Tamil Nadu, and Telangana. Members can bid via the NCB-GSec module on iBBS platform until May 05 at 8:00 am.bsetradingmediummediummedium38096df93783dcd6https://www.bseindia.com/downloads/UploadDocs/Notices/20260503-1/20260503-1.pdfAP079638AP080751MH073531MH079139MH080749RJNW2031RJ079743RJ080657TNNW2032TNNW2036TNNW2041TS079743TS080756sdlstate-government-securitiesnon-competitive-biddingrbi-auctiondebttrading-operationsibbsncb-gsecandhra-pradeshmaharashtrarajasthantamil-nadutelanganaSummary

BSE has announced the non-competitive bidding facility for the RBI-conducted State Development Loan (SDL) auction scheduled for May 05, 2026. This follows the RBI press release of April 30, 2026, announcing the SDL Securities Auction. Trading members and direct investors can participate through BSE’s NCB-GSec module on the iBBS web-based platform. The auction covers 13 securities from five states: Andhra Pradesh, Maharashtra, Rajasthan, Tamil Nadu, and Telangana.

Key Points

  • Bidding is conducted via the NCB-GSec module at https://ibbs.bseindia.com
  • Bid collection opens May 04, 2026 from 10:00 am (24-hour availability)
  • Direct investors must submit bids by May 04, 2026 at 5:00 pm
  • Trading members can bid until May 05, 2026 at 8:00 am
  • Settlement date is May 06, 2026
  • Minimum subscription size is Rs. 2,200 units (Rs. 100 per unit) for most securities; Rs. 800–2,000 units for others
  • Minimum bid amount is Rs. 100; minimum investment Rs. 10,000
  • Total issuance spans new issues (RJ SDL 2031, TN SDL 2032/2036/2041) and re-issues across AP, MH, RJ, TS

Regulatory Changes

No new regulatory changes. This circular is issued in continuation of Exchange circular no. 20191122-28 dated November 22, 2019, which established the non-competitive bidding facility for RBI State Government Securities auctions.

Compliance Requirements

  • Trading members must use the NCB-GSec module on BSE’s iBBS platform to place bids
  • Members must submit bids by May 05, 2026 at 8:00 am; direct investors by May 04, 2026 at 5:00 pm
  • Bids must comply with minimum and maximum lot sizes as specified per security
  • Contact Trading Operations for user ID/password issues or bidding queries; ICCL Operations for obligation and pay-in queries

Important Dates

Event Date/Time
Bid Collection Start May 04, 2026 from 10:00 am
Bid End – Direct Investors May 04, 2026 by 5:00 pm
Bid End – Trading Members May 05, 2026 by 8:00 am
Auction Date May 05, 2026
Settlement Date May 06, 2026

Impact Assessment

This is a routine periodic notice for debt segment participants. The auction covers 13 SDL securities across five states with a combined maximum issuance of approximately Rs. 164 crore. New issuances include RJ SDL 2031 (Rs. 6 Cr), TN SDL 2032 (Rs. 10 Cr), TN SDL 2036 (Rs. 10 Cr), and TN SDL 2041 (Rs. 10 Cr). Re-issues are led by AP 7.96% 2038 and AP 8.07% 2051 at Rs. 22 Cr each. Impact is limited to trading members and direct investors in the debt segment using BSE’s NCB-GSec platform; no broader market disruption expected.

]]>