RJ079941 - Stock Market Circularshttps://rhnvrm.github.io/stock-market-circulars/stocks/rj079941/Regulatory circulars from NSE, BSE, and SEBI with AI-powered summariesHugo -- gohugo.ioen-usMon, 20 Apr 2026 00:00:00 +0000Non-Competitive Bidding for SDL Auction on April 21, 2026https://rhnvrm.github.io/stock-market-circulars/circulars/bse/2026/bse-2026-04-20-00de4d88abca2441-non-competitive-bidding-for-auction-of-state-government-securities-sdl-on-april-/Mon, 20 Apr 2026 03:12:43 +0000https://rhnvrm.github.io/stock-market-circulars/circulars/bse/2026/bse-2026-04-20-00de4d88abca2441-non-competitive-bidding-for-auction-of-state-government-securities-sdl-on-april-/BSE announces non-competitive bidding facility for State Government Securities (SDL) auction on April 21, 2026, with 13 securities from Andhra Pradesh, Maharashtra, Punjab, Rajasthan, and Telangana available via the NCB-GSec module.bsetradingmediummediummedium00de4d88abca2441https://www.bseindia.com/downloads/UploadDocs/Notices/20260420-1/20260420-1.pdfAPNW2034APNW2042APNW2056MHNW2034MHNW2044MHNW2054PBNW2038RJNW2036RJ079941RJNW2049TSNW2033TSNW2037TSNW2047sdlstate-government-securitiesnon-competitive-biddingdebtauctionrbiibbsncb-gsectrading-operationsSummary

BSE has announced a non-competitive bidding facility for the auction of State Government Securities (SDL) scheduled on April 21, 2026, in response to an RBI press release dated April 18, 2026. Trading members can participate via the NCB-GSec module on BSE’s iBBS platform. A total of 13 SDL securities across five states are available, comprising 12 new issues and 1 re-issue.

Key Points

  • Bidding is available through the NCB-GSec module at https://ibbs.bseindia.com
  • 13 securities from Andhra Pradesh, Maharashtra, Punjab, Rajasthan, and Telangana are open for bidding
  • Minimum subscription size is Rs. 100 per unit with multiples of Rs. 10,000
  • Maximum bid amount ranges from Rs. 8 Cr to Rs. 18 Cr depending on the security
  • This is a continuation of the facility launched via circular 20191122-28 dated November 22, 2019

Regulatory Changes

No new regulatory changes. This circular operationalizes an existing RBI-announced SDL auction under the established non-competitive bidding framework.

Compliance Requirements

  • Trading members must submit bids through the NCB-GSec module on iBBS before 8:00 AM on April 21, 2026
  • Direct investors must comply with their respective bid collection end time
  • Members should contact Trading Operations (trading.ops@bseindia.com / 022-2272 8376/5626/8226) for bidding queries
  • New user ID or password reset requests: user.trdops@bseindia.com / 022-2272 8005/8215
  • Pay-in and obligation queries: ICCL Operations at Collaterals@icclindia.com or settlements@icclindia.com / 022-2272 8468/5784/8264/8467/8223/8704/5163

Important Dates

  • April 20, 2026 from 10:00 AM: Bid collection opens (24-hour availability)
  • April 21, 2026 till 8:00 AM: Bid collection closes for trading members
  • April 21, 2026: Auction date
  • April 22, 2026: Settlement date

Impact Assessment

Security Symbol Type Min Sub (Rs. Cr) Max Amt (Rs. Cr)
AP SDL 2034 APNW2034 New 1800 18
AP SDL 2042 APNW2042 New 1800 18
AP SDL 2056 APNW2056 New 1000 10
MH SDL 2034 MHNW2034 New 1600 16
MH SDL 2044 MHNW2044 New 1600 16
MH SDL 2054 MHNW2054 New 800 8
PB SDL 2038 PBNW2038 New 1300 13
RJ SDL 2036 RJNW2036 New 1200 12
7.99% RJ 2041 RJ079941 Re-issue 1800 18
RJ SDL 2049 RJNW2049 New 1000 10
TS SDL 2033 TSNW2033 New 1000 10
TS SDL 2037 TSNW2037 New 1000 10
TS SDL 2047 TSNW2047 New 1000 10

Impact is limited to debt segment participants. The auction provides an opportunity for trading members and direct investors to participate in state government borrowings across five states with maturities ranging from 2033 to 2056.

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