PBNW2044 - Stock Market Circularshttps://rhnvrm.github.io/stock-market-circulars/stocks/pbnw2044/Regulatory circulars from NSE, BSE, and SEBI with AI-powered summariesHugo -- gohugo.ioen-usSun, 17 May 2026 00:00:00 +0000Non-Competitive Bidding for Auction of State Government Securities (SDL) on May 19, 2026https://rhnvrm.github.io/stock-market-circulars/circulars/bse/2026/bse-2026-05-17-8b14c94aabe1c237-non-competitive-bidding-for-auction-of-state-government-securities-sdl-on-may-19/Sun, 17 May 2026 14:51:24 +0000https://rhnvrm.github.io/stock-market-circulars/circulars/bse/2026/bse-2026-05-17-8b14c94aabe1c237-non-competitive-bidding-for-auction-of-state-government-securities-sdl-on-may-19/BSE announces non-competitive bidding facility for RBI's SDL securities auction on May 19, 2026, with 18 securities from Andhra Pradesh, Maharashtra, Punjab, Rajasthan, Tamil Nadu, and Telangana states available via the NCB-GSec module on iBBS.bsetradingmediumlowmedium8b14c94aabe1c237https://www.bseindia.com/downloads/UploadDocs/Notices/20260517-1/20260517-1.pdfAP076334AP077942AP078156MH075534MH077744MH077954PB078438PBNW2041PBNW2044RJ076436RJNW2041RJ078149TN075032TN077336TN078041TS075433TS077037TS078247sdlstate-government-securitiesnon-competitive-biddingdebtauctionrbincb-gsecibbstrading-operationsSummary

BSE has announced the availability of non-competitive bidding for the RBI-conducted State Government Securities (SDL) auction scheduled for May 19, 2026. Trading members and direct investors can participate through the NCB-GSec module on BSE’s iBBS platform. A total of 18 SDL securities across six states — Andhra Pradesh, Maharashtra, Punjab, Rajasthan, Tamil Nadu, and Telangana — are available, with issue sizes ranging from Rs. 500 Cr to Rs. 1,800 Cr.

Key Points

  • Bidding is available via https://ibbs.bseindia.com under the NCB-GSec module
  • Bid collection opens May 18, 2026 at 10:00 AM (24-hour availability)
  • 18 SDL securities are available across AP, MH, PB, RJ, TN, and TS states
  • Mix of re-issue and new SDL securities; all have minimum subscription of 100 units at Rs. 10,000 minimum amount
  • Settlement is T+1: auction on May 19, settlement on May 20, 2026
  • This circular continues the non-competitive bidding facility launched under Exchange circular 20191122-28 dated November 22, 2019

Regulatory Changes

No new regulatory changes. This notice is issued in continuation of the existing non-competitive bidding framework established via BSE circular 20191122-28 (November 22, 2019) and in reference to the RBI press release dated May 15, 2026.

Compliance Requirements

  • Trading members must submit bids through the NCB-GSec module on iBBS
  • Members must ensure bids are placed before May 19, 2026 at 8:00 AM
  • Direct investors must submit bids before May 18, 2026 at 5:00 PM
  • For new user IDs or password resets, 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

Event Date/Time
Bid Collection Start May 18, 2026, 10:00 AM
Bid Collection End (Direct Investors) May 18, 2026, 5:00 PM
Bid Collection End (Members) May 19, 2026, 8:00 AM
Auction Date May 19, 2026
Settlement Date May 20, 2026

Impact Assessment

This is a routine operational notice for debt market participants. The auction covers Rs. 18,050 Cr worth of SDL securities across six state governments, offering trading members and direct investors a non-competitive route to participate in the RBI auction without price risk. The tight bidding window — especially for direct investors who must bid by 5 PM on May 18 — requires prompt action. No broader market impact is expected beyond normal SDL auction activity.

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