Underwriting Auction for Government Security on July 03
The Government of India has announced the re-issue and sale of a Government Security for ₹34,000 crore. The underwriting auction will take place on July 03, 2026.
Primary Dealers' commitment
The Government of India will re-issue the 6.94% GS 2036 security for ₹34,000 crore through an underwriting auction on July 03, 2026.
Primary Dealers (PDs) are each assigned a Minimum Underwriting Commitment (MUC) of ₹810 crore.
A similar minimum bidding commitment applies to PDs under the Additional Competitive Underwriting (ACU) auction, consistent with the scheme from November 14, 2007.
Auction mechanics and settlement
The underwriting auction will be conducted using a multiple price-based method.
Primary Dealers must submit ACU bids electronically through the RBI's e-Kuber system between 09:00 A.M. and 09:30 A.M. on July 03, 2026.
Underwriting commissions will be credited to the respective PDs' current accounts with the RBI on the security's issue day.