June 02, 2026

State Government Securities – Full Auction Result

Auction Results of Government/State Securities
  • Andhra Pradesh SGS 2038 (12‑Year):
  • Notified Amount: ₹2,200 cr
  • Competitive Bids Received: 98 bids, ₹3,810.020 cr
  • Cut‑off Yield: 7.86 % | Cut‑off Price: ₹100
  • Competitive Bids Accepted: 45 bids, ₹2,112.019 cr (Partial Allotment 23.3328 % – 7 bids)
  • Non‑Competitive Bids Received & Accepted: 10 bids, ₹87.981 cr at ₹100.22
  • Weighted Average Yield: 7.8312 %
  • Total Allotment: ₹2,200 cr
  • Andhra Pradesh SGS 2051 (Re‑issue of 8.07 % issued 08‑APR‑2026):
  • Notified Amount: ₹2,200 cr
  • Competitive Bids Received: 39 bids, ₹5,735 cr
  • Cut‑off Yield: 7.8792 % | Cut‑off Price: ₹102.05
  • Competitive Bids Accepted: 8 bids, ₹2,136.739 cr (Partial Allotment 8.6232 % – 1 bid)
  • Non‑Competitive Bids Received & Accepted: 6 bids, ₹63.261 cr at ₹102.16
  • Weighted Average Yield: 7.8692 %
  • Total Allotment: ₹2,200 cr
  • Gujarat SGS 2036 (10‑Year):
  • Notified Amount: ₹1,000 cr
  • Competitive Bids Received: 83 bids, ₹4,525.550 cr
  • Cut‑off Yield: 7.70 % | Cut‑off Price: ₹100
  • Competitive Bids Accepted: 14 bids, ₹949.178 cr (Partial Allotment 53.7107 % – 9 bids)
  • Non‑Competitive Bids Received & Accepted: 7 bids, ₹50.822 cr at ₹100.02
  • Weighted Average Yield: 7.6976 %
  • Total Allotment: ₹1,000 cr
  • Gujarat SGS 2041 (15‑Year):
  • Notified Amount: ₹1,500 cr
  • Competitive Bids Received: 92 bids, ₹5,781 cr
  • Cut‑off Yield: 7.79 % | Cut‑off Price: ₹100
  • Competitive Bids Accepted: 30 bids, ₹1,449.415 cr (Partial Allotment 45.4489 % – 14 bids)
  • Non‑Competitive Bids Received & Accepted: 7 bids, ₹50.585 cr at ₹100.12
  • Weighted Average Yield: 7.7758 %
  • Total Allotment: ₹1,500 cr
  • 20‑Year Security (Unnamed):
  • Notified Amount: ₹500 cr
  • Competitive Bids Received: 38 bids, ₹1,705 cr
  • Cut‑off Yield: 7.91 % | Cut‑off Price: ₹100
  • Competitive Bids Accepted: 9 bids, ₹489.753 cr (Partial Allotment 88.1869 % – 2 bids)
  • Non‑Competitive Bids Received & Accepted: 4 bids, ₹10.247 cr at ₹100.02
  • Weighted Average Yield: 7.9082 %
  • Total Allotment: ₹500 cr
  • Maharashtra SGS 2031 (Re‑issue of 7.35 % issued 08‑APR‑2026):
  • Notified Amount: ₹800 cr
  • Competitive Bids Received: 68 bids, ₹5,015 cr
  • Cut‑off Yield: 7.4588 % | Cut‑off Price: ₹99.55
  • Competitive Bids Accepted: 8 bids, ₹792.557 cr (Partial Allotment 64.8890 % – 3 bids)
  • Non‑Competitive Bids Received & Accepted: 3 bids, ₹7.443 cr at ₹99.56
  • Weighted Average Yield: 7.4563 %
  • Total Allotment: ₹800 cr
  • Maharashtra SGS 2039 (Re‑issue of 7.91 % issued 08‑APR‑2026):
  • Notified Amount: ₹1,600 cr
  • Competitive Bids Received: 78 bids, ₹3,335 cr
  • Cut‑off Yield: 7.8393 % | Cut‑off Price: ₹100.55
  • Competitive Bids Accepted: 39 bids, ₹1,488.370 cr (Partial Allotment 33.3615 % – 5 bids)
  • Non‑Competitive Bids Received & Accepted: 15 bids, ₹111.630 cr at ₹100.72
  • Weighted Average Yield: 7.8182 %
  • Total Allotment: ₹1,600 cr
  • Punjab SGS 2038 (Re‑issue of 7.84 %):
  • Notified Amount: ₹1,000 cr
  • Competitive Bids Received: 66 bids, ₹2,975 cr
  • Cut‑off Yield: 7.8973 % | Cut‑off Price: ₹99.55
  • Competitive Bids Accepted: 16 bids, ₹939.873 cr (Partial Allotment 89.1549 % – 4 bids)
  • Non‑Competitive Bids Received & Accepted: 11 bids, ₹60.127 cr at ₹99.63
  • Weighted Average Yield: 7.8868 %
  • Total Allotment: ₹1,000 cr
  • Punjab SGS 2041 (Re‑issue of 7.91 %):
  • Notified Amount: ₹1,000 cr
  • Competitive Bids Received: 70 bids, ₹2,173.850 cr
  • Cut‑off Yield: 7.9094 % | Cut‑off Price: ₹100
  • Competitive Bids Accepted: 22 bids, ₹949.469 cr (Partial Allotment 74.2934 % – 2 bids)
  • Non‑Competitive Bids Received & Accepted: 8 bids, ₹50.531 cr at ₹100.07
  • Weighted Average Yield: 7.9014 %
  • Total Allotment: ₹1,000 cr
  • Punjab SGS 2044 (Re‑issue of 7.92 %):
  • Notified Amount: ₹1,000 cr
  • Competitive Bids Received: 73 bids, ₹2,468 cr
  • Cut‑off Yield: 7.9100 % | Cut‑off Price: ₹100.09
  • Competitive Bids Accepted: 14 bids, ₹948.993 cr (Partial Allotment 79.3197 % – 3 bids)
  • Non‑Competitive Bids Received & Accepted: 7 bids, ₹51.007 cr at ₹100.11
  • Weighted Average Yield: 7.9079 %
  • Total Allotment: ₹1,000 cr
  • Rajasthan SGS 2030 (4‑Year):
  • Notified Amount: ₹600 cr
  • Competitive Bids Received: 50 bids, ₹2,615 cr
  • Cut‑off Yield: 7.37 % | Cut‑off Price: ₹100
  • Competitive Bids Accepted: 7 bids, ₹599.558 cr (Partial Allotment 52.8545 % – 3 bids)
  • Non‑Competitive Bids Received & Accepted: 2 bids, ₹0.442 cr at ₹100.04
  • Weighted Average Yield: 7.3590 %
  • Total Allotment: ₹600 cr
  • Rajasthan SGS 2043 (Re‑issue of 7.97 % issued 08‑APR‑2026):
  • Notified Amount: ₹1,200 cr
  • Competitive Bids Received: 54 bids, ₹2,965 cr
  • Cut‑off Yield: 7.9097 % | Cut‑off Price: ₹100.54
  • Competitive Bids Accepted: 20 bids, ₹1,150.937 cr (Partial Allotment 57.9087 % – 3 bids)
  • Non‑Competitive Bids Received & Accepted: 8 bids, ₹49.063 cr at ₹100.62
  • Weighted Average Yield: 7.9010 %
  • Total Allotment: ₹1,200 cr
  • Rajasthan SGS 2057 (Re‑issue of 8.06 % issued 08‑APR‑2026):
  • Notified Amount: ₹1,800 cr
  • Competitive Bids Received: 29 bids, ₹4,220 cr
  • Cut‑off Yield: 7.8704 % | Cut‑off Price: ₹102.17
  • Competitive Bids Accepted: 5 bids, ₹1,781.882 cr (Partial Allotment 95.3524 % – 2 bids)
  • Non‑Competitive Bids Received & Accepted: 3 bids, ₹18.118 cr at ₹102.24
  • Weighted Average Yield: 7.8644 %
  • Total Allotment: ₹1,800 cr
  • Tamil Nadu SGS 2033 (7‑Year):
  • Notified Amount: ₹1,000 cr
  • Competitive Bids Received: 59 bids, ₹4,295 cr
  • Cut‑off Yield: 7.69 % | Cut‑off Price: ₹100
  • Competitive Bids Accepted: 20 bids, ₹990.385 cr (Partial Allotment 51.4623 % – 6 bids)
  • Non‑Competitive Bids Received & Accepted: 6 bids, ₹9.615 cr at ₹100.02
  • Weighted Average Yield: 7.6865 %
  • Total Allotment: ₹1,000 cr
  • Tamil Nadu SGS 2036 (10‑Year):
  • Notified Amount: ₹1,000 cr
  • Competitive Bids Received: 67 bids, ₹4,581.020 cr
  • Cut‑off Yield: 7.74 % | Cut‑off Price: ₹100
  • Competitive Bids Accepted: 11 bids, ₹925.201 cr (Partial Allotment 85.7038 % – 7 bids)
  • Non‑Competitive Bids Received & Accepted: 10 bids, ₹74.799 cr at ₹100.02
  • Weighted Average Yield: 7.7375 %
  • Total Allotment: ₹1,000 cr
  • Unnamed Security A:
  • Notified Amount: ₹500 cr
  • Competitive Bids Received: 36 bids, ₹1,845 cr
  • Cut‑off Yield: 7.80 % | Cut‑off Price: ₹100
  • Competitive Bids Accepted: 4 bids, ₹474.817 cr (Partial Allotment 67.3499 % – 4 bids)
  • Non‑Competitive Bids Received & Accepted: 6 bids, ₹25.183 cr at ₹100
  • Weighted Average Yield: 7.8000 %
  • Total Allotment: ₹500 cr
  • Unnamed Security B:
  • Notified Amount: ₹2,000 cr
  • Competitive Bids Received: 67 bids, ₹3,670 cr
  • Cut‑off Yield: 7.9097 % | Cut‑off Price: ₹100.54
  • Competitive Bids Accepted: 28 bids, ₹1,902.173 cr (Partial Allotment 42.4470 % – 4 bids)
  • Non‑Competitive Bids Received & Accepted: 11 bids, ₹97.827 cr at ₹100.60
  • Weighted Average Yield: 7.9032 %
  • Total Allotment: ₹2,000 cr
  • Unnamed Security C:
  • Notified Amount: ₹2,000 cr
  • Competitive Bids Received: 33 bids, ₹4,920 cr
  • Cut‑off Yield: 7.8899 % | Cut‑off Price: ₹102.04
  • Competitive Bids Accepted: 9 bids, ₹1,974.614 cr (Partial Allotment 41.9228 % – 1 bid)
  • Non‑Competitive Bids Received & Accepted: 4 bids, ₹25.386 cr at ₹102.19
  • Weighted Average Yield: 7.8770 %
  • Total Allotment: ₹2,000 cr
  • Unnamed Security D:
  • Notified Amount: ₹24,100 cr
  • Competitive Bids Received: 1,153 bids, ₹69,129.440 cr
  • Competitive Bids Accepted: 329 bids, ₹23,176.905 cr (No partial‑allotment data disclosed)
  • Non‑Competitive Bids Received & Accepted: 140 bids, ₹923.095 cr at price not disclosed
  • Weighted Average Yield: Not disclosed
  • Total Allotment: ₹24,100 cr

Overall Market Impact

  • Total notified amount across all issues: ₹49,500 crore.
  • Aggregate competitive bid volume exceeded ₹70,000 crore, indicating robust demand for state debt.
  • Cut‑off yields clustered around 7.8 %–7.9 %, reflecting prevailing market rates for sovereign‑linked securities.
  • Full allotment of non‑competitive bids at marginal premiums (₹100‑₹102) underscores strong secondary‑market liquidity.