Non-Competitive Bidding of GOI securities auctioned

BSE Asia’s first stock exchange and now world’s fastest stock exchange with the speed of 6 microseconds has allowed retail Investors to invest directly into Government Securities via Non –Competitive Bidding auction mechanism of Reserve Bank of India. The First Auction of Government of India Dated Securities for Non-Competitive bidding was conducted successfully today on BSE online bidding platform “NCB-GSec” This was in reference to Reserve Bank of India vide notification  No.IDMD/2710/08.02.032/2017-18. GOI offered to sell (re-issue) four dated securities for notified amount of Rs.12, 000/- crore as per the following details. 5% of the Notified amount was reserved for Non-Competitive bidding by Reserve Bank of India . Eligible participants were allowed to bid through their Trading members on the BSE State of the art “NCB-Gsec” online Platform for the amount reserved by Reserve Bank of India for Non-Competitive bidding. BSE received bids in all the four dated securities announced by Reserve Bank of India for the Bidding. The auction was held seamlessly and all the eligible participants will be allotted the securities by BSE as per transparent mechanism on T+1 Basis. NCB-GSec online bidding platform of BSE is for collecting bids from members on behalf of their clients. This bidding platform is part of the existing Internet-based Book Building System (iBBS) - Exchange’s existing web-based online bidding platform for IPO, Offer for Sale (OFS), Offer to buy (OTB) issues and Sovereign Gold Bond (SGB) issues. This platform has been made available to all the trading members of the exchange at no additional cost. As part of the overall strategy of diversifying the investor base for government securities, the Government of India and Reserve Bank of India have been taking various measures to encourage participation of retail investors in G-Sec market including introduction of non-competitive bidding in primary auctions on Recognized stock exchanges. BSE has approval from the Reserve Bank of India and Securities Exchange Board of India (SEBI) for acting as facilitator for non-competitive bidding (NCB) under RBI Auction in Government Securities (G-Sec) and Treasury Bills (T-Bills).