BSE Opens ₹11,870 Crore SDL Auction Bidding, Investors Can Bid From April 20

Mumbai: BSE Limited has released a notice regarding the non-competitive bidding process for the upcoming auction of State Development Loans (SDLs), scheduled to be held on April 21, 2025. This is based on the press release from the Reserve Bank of India (RBI) dated April 17, 2025, announcing the auction of SDLs by the Government of India.

The bidding will be conducted through the NCB-GSec module on the iBBS web-based system of BSE, accessible at https://ibbs.bseindia.com. Direct investors can place bids starting April 20, 2025, from 10:00 AM. The window for direct investors closes the same day, while trading members can submit bids until 8:00 AM on April 21, 2025. The settlement for the auction is scheduled for April 22, 2025.

Details of the SDL securities include a mix of new issues and re-issues with varying maturity years ranging from 2028 to 2040. States participating include Assam (AS), Maharashtra (MH), and Tamil Nadu (TN). Minimum subscription is in multiples of Rs 10,000, with issue sizes ranging from Rs 900 crore to Rs 2,000 crore.

Interested participants must ensure bids are placed through the appropriate channels and within the specified time. For help with user ID creation, password resets, bidding, or payment queries, BSE has provided contact details for relevant teams.

This initiative is part of BSE’s ongoing support for investor participation in government securities through easy and accessible bidding mechanisms.