BR079251 - Stock Market Circularshttps://rhnvrm.github.io/stock-market-circulars/stocks/br079251/Regulatory circulars from NSE, BSE, and SEBI with AI-powered summariesHugo -- gohugo.ioen-usSun, 10 May 2026 00:00:00 +0000Non-Competitive Bidding for Auction of State Government Securities (SDL) on May 12, 2026https://rhnvrm.github.io/stock-market-circulars/circulars/bse/2026/bse-2026-05-10-1c999db135e65355-non-competitive-bidding-for-auction-of-state-government-securities-sdl-on-may-12/Sun, 10 May 2026 11:33:58 +0000https://rhnvrm.github.io/stock-market-circulars/circulars/bse/2026/bse-2026-05-10-1c999db135e65355-non-competitive-bidding-for-auction-of-state-government-securities-sdl-on-may-12/BSE announces non-competitive bidding facility for 18 State Development Loans (SDLs) from multiple states to be auctioned on May 12, 2026, with bidding open via the NCB-GSec module on iBBS platform from May 11, 2026.bsetradingmediummediummedium1c999db135e65355https://www.bseindia.com/downloads/UploadDocs/Notices/20260510-1/20260510-1.pdfAS072232BR079251CG073731CG078340HP078136KL076033KL078137KL078642MP078642MP079056MNNW2033MLNW2036MZNW2038TN075032TN077336TN078041UP076033UP075738sdlstate-government-securitiesnon-competitive-biddingdebtauctionncb-gsecrbitrading-operationsibbsstate-development-loansSummary

BSE has announced the non-competitive bidding facility for the auction of State Government Securities (SDLs) scheduled on May 12, 2026, in continuation of Exchange circular no. 20191122-28 dated November 22, 2019. A total of 18 SDL securities from 8 states (Assam, Bihar, Chhattisgarh, Himachal Pradesh, Kerala, Madhya Pradesh, Manipur, Mizoram, Tamil Nadu, and Uttar Pradesh) will be available for bidding through the NCB-GSec module on BSE’s iBBS web-based system. The auction is backed by an RBI press release dated May 08, 2026.

Key Points

  • 18 SDL securities across multiple states are available for non-competitive bidding
  • Bidding is conducted via https://ibbs.bseindia.com under the NCB-GSec module
  • Minimum subscription is 100 units at Rs. 10,000 minimum amount for all securities
  • Maximum bid amount ranges from Rs. 1 Cr (MZ SDL 2038) to Rs. 16 Cr (7.92% BR 2051) depending on the security
  • Total issue size across all securities exceeds Rs. 16,200 Cr
  • 15 securities are re-issues; 3 are new issues (MN SDL 2033, ML SDL 2036, MZ SDL 2038)
  • Settlement date is May 13, 2026 (T+1)

Regulatory Changes

No new regulatory changes. This circular operates under the framework established by Exchange circular no. 20191122-28 dated November 22, 2019, which launched the non-competitive bidding facility for State Government Securities auctions conducted by RBI.

Compliance Requirements

Important Dates

Event Date & Time
Bid Collection Start May 11, 2026, 10:00 am onwards (24-hour availability)
Bid Collection End (Direct Investors) May 11, 2026, 5:00 pm
Bid Collection End (Trading Members) May 12, 2026, 8:00 am
Auction Date May 12, 2026
Settlement Date May 13, 2026

Impact Assessment

Securities Available for Bidding:

Symbol Security Type Issue Size (Rs. Cr) Max Amt (Rs. Cr)
AS072232 7.22% AS 2032 SDL Re-issue 1,000 10
BR079251 7.92% BR 2051 SDL Re-issue 1,600 16
CG073731 7.37% CG 2031 SDL Re-issue 500 5
CG078340 7.83% CG 2040 SDL Re-issue 500 5
HP078136 7.81% HP 2036 SDL Re-issue 500 5
KL076033 7.60% KL 2033 SDL Re-issue 400 4
KL078137 7.81% KL 2037 SDL Re-issue 1,000 10
KL078642 7.86% KL 2042 SDL Re-issue 1,400 14
MP078642 7.86% MP 2042 SDL Re-issue 1,200 12
MP079056 7.90% MP 2056 SDL Re-issue 600 6
MNNW2033 MN SDL 2033 SDL New 500 5
MLNW2036 ML SDL 2036 SDL New 500 5
MZNW2038 MZ SDL 2038 SDL New 100 1
TN075032 7.50% TN 2032 SDL Re-issue 1,000 10
TN077336 7.73% TN 2036 SDL Re-issue 1,000 10
TN078041 7.80% TN 2041 SDL Re-issue 1,000 10
UP076033 7.60% UP 2033 SDL Re-issue 700 7
UP075738 7.57% UP 2038 SDL Re-issue 1,000 10

This is a routine SDL auction notification impacting debt segment trading members and direct investors seeking exposure to state government securities. The non-competitive bidding mechanism ensures smaller participants can access these instruments without needing to quote yields, providing stable demand support for state government borrowings. Yields across securities range from 7.22% to 7.92%, reflecting current market conditions for state-level debt.

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