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State Government Securities – Full Auction Result

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The result of the auction of State Government Securities held on December 23, 2025, is as under:

(Amount in ₹ Crore)
  BIHAR SGS 2033 GUJARAT SGS 2030 GUJARAT SGS 2031* HARYANA SDL 2028
Notified Amount 1500 1500 1000 1000
Tenor 8-Years 5-Years 6-Years Re-issue of 8.62% HARYANA SDL 2028 issued on 03-SEP-2018
Competitive Bids Received        
(i) No. 60 56 50 20
(ii) Amount 4820 8095 5765 3070
Cut-off Yield (%) 7.65 7.07 7.16 6.4731
Cut off Price (₹) 100 100 100 105.21
Competitive Bids Accepted        
(i) No. 40 16 10 1
(ii) Amount 1408.069 1475.368 1484.800 971.717
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 62.4885 43.7692 98.1209 97.1717
(ii) No. 6 5 4 1
Non-Competitive Bids Received        
(i) No. 11 6 3 7
(ii) Amount 91.931 24.632 15.200 28.283
Non-Competitive Price (₹) 100.26 100.03 100.03 105.21
Non-Competitive Bids Accepted        
(i) No. 11 6 3 7
(ii) Amount 91.931 24.632 15.200 28.283
Partial Allotment Percentage of Non-Competitive Bids        
Percentage        
Weighted Average Yield (%) 7.6059 7.0619 7.1548 6.4731
Total Allotment Amount 1500 1500 1500 1000

  JAMMU AND KASHMIR UT SGS 2045 KARNATAKA SGS 2032 KARNATAKA SGS 2033 KARNATAKA SGS 2035
Notified Amount 570 1000 2000 1000
Tenor 20-Years 6-Years 6-Months 8-Years 10-Years
Competitive Bids Received        
(i) No. 55 49 45 48
(ii) Amount 2242.50 6556.25 8170 4640
Cut-off Yield (%) 7.60 7.19 7.32 7.42
Cut off Price (₹) 100 100 100 100
Competitive Bids Accepted        
(i) No. 1 5 5 9
(ii) Amount 563.864 994.970 1931.477 915.410
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 98.9235 98.7471 40.4990 73.9527
(ii) No. 1 3 2 3
Non-Competitive Bids Received        
(i) No. 3 3 8 10
(ii) Amount 6.136 5.030 68.523 84.590
Non-Competitive Price (₹) 100 100.04 100.05 100.07
Non-Competitive Bids Accepted        
(i) No. 3 3 8 10
(ii) Amount 6.136 5.030 68.523 84.590
Partial Allotment Percentage of Non-Competitive Bids        
Percentage        
Weighted Average Yield (%) 7.6000 7.1825 7.3109 7.4101
Total Allotment Amount 570 1000 2000 1000

  KARNATAKA SGS 2037 KERALA SGS 2042 MAHARASHTRA SGS 2035 MAHARASHTRA SGS 2040
Notified Amount 2000 1850 1000 1000
Tenor 12-Years 17-Years Re-issue of 7.29% MAHARASHTRA SGS 2035 issued on 10-DEC-2025 Re-issue of 7.43% MAHARASHTRA SGS 2040 issued on 03-DEC-2025
Competitive Bids Received        
(i) No. 86 95 41 70
(ii) Amount 8020 8330.100 5653.758 6141.400
Cut-off Yield (%) 7.52 7.60 7.3467 7.5396
Cut off Price (₹) 100 100 99.60 99.02
Competitive Bids Accepted        
(i) No. 37 1 1 14
(ii) Amount 1800 1712.521 981.487 937.947
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 46.0227 92.5687 98.1487 75.9669
(ii) No. 11 1 1 3
Non-Competitive Bids Received        
(i) No. 17 15 5 10
(ii) Amount 241.503 137.479 18.513 62.053
Non-Competitive Price (₹) 100.11 100 99.6 99.13
Non-Competitive Bids Accepted        
(i) No. 17 15 5 10
(ii) Amount 200 137.479 18.513 62.053
Partial Allotment Percentage of Non-Competitive Bids        
Percentage 82.8147      
Weighted Average Yield (%) 7.5060 7.6000 7.3467 7.5272
Total Allotment Amount 2000 1850 1000 1000

  ODISHA SGS 2032 ODISHA SGS 2036 PUNJAB SGS 2035 RAJASTHAN SGS 2035
Notified Amount 500 500 1000 1000
Tenor 7-Years 11-Years Re-issue of 7.49% PUNJAB SGS 2035 issued on 03-DEC-2025 10-Years
Competitive Bids Received        
(i) No. 27 41 72 43
(ii) Amount 3140 2700 3445 3915
Cut-off Yield (%) 7.24 7.47 7.7195 7.54
Cut off Price (₹) 100 100 98.42 100
Competitive Bids Accepted        
(i) No. 1 3 29 11
(ii) Amount 494.984 474.074 932.153 909.276
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 98.9968 72.6357 24.7331 77.6565
(ii) No. 1 2 4 3
Non-Competitive Bids Received        
(i) No. 3 9 9 9
(ii) Amount 5.016 25.926 67.847 90.724
Non-Competitive Price (₹) 100 100.05 98.95 100.07
Non-Competitive Bids Accepted        
(i) No. 3 9 9 9
(ii) Amount 5.016 25.926 67.847 90.724
Partial Allotment Percentage of Non-Competitive Bids        
Percentage        
Weighted Average Yield (%) 7.2400 7.4637 7.6416 7.5292
Total Allotment Amount 500 500 1000 1000

  RAJASTHAN SGS 2036 TAMILNADU SGS 2034 TAMILNADU SGS 2036 TAMILNADU SGS 2032
Notified Amount 1000 1000 1000 1000
Tenor 11-Years 9-Years 11-Years Re-issue of 7.16% TAMILNADU SGS 2032 issued on 17-DEC-2025
Competitive Bids Received        
(i) No. 48 32 40 22
(ii) Amount 5000 4106.50 4855 3520
Cut-off Yield (%) 7.54 7.34 7.47 7.2410
Cut off Price (₹) 100 100 100 99.56
Competitive Bids Accepted        
(i) No. 11 3 7 1
(ii) Amount 917.575 962.980 913.933 994.984
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 86.2875 93.8029 67.5690 99.4984
(ii) No. 1 2 2 1
Non-Competitive Bids Received        
(i) No. 9 7 11 3
(ii) Amount 82.425 37.020 86.067 5.016
Non-Competitive Price (₹) 100.10 100 100.07 99.56
Non-Competitive Bids Accepted        
(i) No. 9 7 11 3
(ii) Amount 82.425 37.020 86.067 5.016
Partial Allotment Percentage of Non-Competitive Bids        
Percentage        
Weighted Average Yield (%) 7.5261 7.3399 7.4599 7.2410
Total Allotment Amount 1000 1000 1000 1000

  TAMILNADU SGS 2035 TAMILNADU SGS 2055 TELANGANA SGS 2042 TELANGANA SGS 2048
Notified Amount 1000 1000 500 800
Tenor Re-issue of 7.23% TAMILNADU SGS 2035 issued on 17-DEC-2025 Re-issue of 7.45% TAMILNADU SGS 2055 issued on 17-DEC-2025 17-Years 23-Years
Competitive Bids Received        
(i) No. 44 16 69 39
(ii) Amount 4746.50 2840 3090 3060
Cut-off Yield (%) 7.4206 7.5591 7.60 7.59
Cut off Price (₹) 98.67 98.71 100 100
Competitive Bids Accepted        
(i) No. 15 3 4 2
(ii) Amount 981.550 984.805 464.293 786.901
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 50.5153 94.4805 86.5320 35.8626
(ii) No. 1 1 3 1
Non-Competitive Bids Received        
(i) No. 4 4 7 4
(ii) Amount 18.450 15.195 35.707 13.099
Non-Competitive Price (₹) 98.75 98.73 100 100.07
Non-Competitive Bids Accepted        
(i) No. 4 4 7 4
(ii) Amount 18.450 15.195 35.707 13.099
Partial Allotment Percentage of Non-Competitive Bids        
Percentage        
Weighted Average Yield (%) 7.4091 7.5574 7.5996 7.5836
Total Allotment Amount 1000 1000 500 800

  TELANGANA SGS 2053 UTTAR PRADESH SGS 2041 UTTAR PRADESH SGS 2033 UTTAR PRADESH SGS 2039
Notified Amount 1000 1500 500 1000
Tenor 28-Years 16-Years Re-issue of 7.24% UTTARPRADESH SGS 2033 issued on 10-DEC-2025 Re-issue of 7.51% UTTARPRADESH SGS 2039 issued on 17-DEC-2025
Competitive Bids Received        
(i) No. 37 89 26 89
(ii) Amount 3080 8125 2566.50 7261
Cut-off Yield (%) 7.58 7.59 7.3198 7.6201
Cut off Price (₹) 100 100 99.52 99.06
Competitive Bids Accepted        
(i) No. 4 1 3 26
(ii) Amount 984.930 1350 494.958 917.623
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 46.7465 90 65.7944 78.5340
(ii) No. 2 1 2 2
Non-Competitive Bids Received        
(i) No. 4 20 2 11
(ii) Amount 15.070 244.233 5.042 82.377
Non-Competitive Price (₹) 100.01 100 99.52 99.46
Non-Competitive Bids Accepted        
(i) No. 4 20 2 11
(ii) Amount 15.070 150 5.042 82.377
Partial Allotment Percentage of Non-Competitive Bids        
Percentage   61.4168    
Weighted Average Yield (%) 7.5795 7.5900 7.3198 7.5730
Total Allotment Amount 1000 1500 500 1000

  UTTARAKHAND SGS 2032 WEST BENGAL SGS 2041 WEST BENGAL SGS 2045 WEST BENGAL SGS 2047
Notified Amount 500 1000 1000 1000
Tenor 7-Years 16-Years 20-Years 22-Years
Competitive Bids Received        
(i) No. 17 95 50 40
(ii) Amount 1195 5997.05 3310.05 3255.05
Cut-off Yield (%) 7.64 7.62 7.60 7.59
Cut off Price (₹) 100 100 100 100
Competitive Bids Accepted        
(i) No. 15 4 1 1
(ii) Amount 489.988 944.176 969.989 997.985
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 93.7350 63.9253 96.9989 99.7985
(ii) No. 1 4 1 1
Non-Competitive Bids Received        
(i) No. 3 10 4 3
(ii) Amount 10.012 55.824 30.011 2.015
Non-Competitive Price (₹) 100.58 100 100 100
Non-Competitive Bids Accepted        
(i) No. 3 10 4 3
(ii) Amount 10.012 55.824 30.011 2.015
Partial Allotment Percentage of Non-Competitive Bids        
Percentage        
Weighted Average Yield (%) 7.5320 7.6200 7.6000 7.5900
Total Allotment Amount 500 1000 1000 1000

  TOTAL
Notified Amount 33220
Tenor  
Competitive Bids Received  
(i) No. 1611
(ii) Amount 150711.658
Cut-off Yield (%) –
Cut off Price (₹) –
Competitive Bids Accepted  
(i) No. 285
(ii) Amount 32144.787
Partial Allotment Percentage of Competitive Bids  
(i) Percentage –
(ii) No. –
Non-Competitive Bids Received  
(i) No. 234
(ii) Amount 1710.949
Non-Competitive Price (₹) –
Non-Competitive Bids Accepted  
(i) No. 234
(ii) Amount 1575.213
Partial Allotment Percentage of Non-Competitive Bids  
Percentage –
Weighted Average Yield (%) –
Total Allotment Amount 33720
*Gujarat has accepted an additional amount of ₹500 Crore in the 06-year security.

Ajit Prasad          
Deputy General Manager
(Communications)    

Press Release: 2025-2026/1758

 

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