State Government Securities – Full Auction Result


The result of the auction of State Government Securities held on January 27, 2026 is as under:

(Amount in ₹ Crore)
  ANDHRA PRADESH SGS 2035 ANDHRA PRADESH SGS 2043 ASSAM SGS 2036 BIHAR SGS 2040
Notified Amount 1000 1500 1000 1500
Tenor 9-Years 17-Years 10-Years 14-Years
Competitive Bids Received        
(i) No. 62 63 49 128
(ii) Amount 5445 3541 4225 7703.55
Cut-off Yield (%) 7.48 7.59 7.59 7.63
Cut off Price (₹) 100 100 100 100
Competitive Bids Accepted        
(i) No. 4 4 20 28
(ii) Amount 966.960 1350 919.916 1350
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 95.2670 99.6169 35.8193 5.4705
(ii) No. 4 3 8 11
Non-Competitive Bids Received        
(i) No. 5 18 12 14
(ii) Amount 33.040 188.129 80.084 158.002
Non-Competitive Price (₹) 100 100.01 100.10 100.18
Non-Competitive Bids Accepted        
(i) No. 5 18 12 14
(ii) Amount 33.040 150 80.084 150
Partial Allotment Percentage of Non-Competitive Bids        
Percentage   79.7325   94.9355
Weighted Average Yield (%) 7.4800 7.5889 7.5758 7.6083
Total Allotment Amount 1000 1500 1000 1500

  BIHAR SGS 2050 GUJARAT SGS 2036 HARYANA SGS 2040 KARNATAKA SGS 2031
Notified Amount 1500 2000 1000 2000
Tenor 24-Years 10-Years 14-Years 5-Years 6-Months
Competitive Bids Received        
(i) No. 22 134 78 65
(ii) Amount 4060.05 10290 6211 8170
Cut-off Yield (%) 7.60 7.47 7.57 7.15
Cut off Price (₹) 100 100 100 100
Competitive Bids Accepted        
(i) No. 3 45 4 13
(ii) Amount 1474.946 1894.070 913.987 1979.969
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 95.1578 11.3794 43.8412 11.6440
(ii) No. 3 14 2 7
Non-Competitive Bids Received        
(i) No. 3 11 13 2
(ii) Amount 25.054 105.930 86.013 20.031
Non-Competitive Price (₹) 100 100.14 100.08 100.04
Non-Competitive Bids Accepted        
(i) No. 3 11 13 2
(ii) Amount 25.054 105.930 86.013 20.031
Partial Allotment Percentage of Non-Competitive Bids        
Percentage        
Weighted Average Yield (%) 7.6000 7.4498 7.5607 7.1409
Total Allotment Amount 1500 2000 1000 2000

  KARNATAKA SGS 2033 KARNATAKA SGS 2035 KERALA SGS 2039 MAHARASHTRA SGS 2034
Notified Amount 2000 2000 2000 1500
Tenor Re-issue of 7.32% KARNATAKA SGS 2033 issued on 21-JAN-2026 9-Years 6-Months 13-Years Re-issue of 7.24% MAHARASHTRA SGS 2034 issued on 10-SEP-2025
Competitive Bids Received        
(i) No. 36 72 97 40
(ii) Amount 7500 8415 6096.05 4430
Cut-off Yield (%) 7.3407 7.48 7.64 7.4308
Cut off Price (₹) 99.88 100 100 98.79
Competitive Bids Accepted        
(i) No. 17 16 42 14
(ii) Amount 1989.958 1918.980 1800 1488.966
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 38.1157 66.3243 27.8505 71.8896
(ii) No. 3 6 12 1
Non-Competitive Bids Received        
(i) No. 2 7 15 3
(ii) Amount 10.042 81.020 230.003 11.034
Non-Competitive Price (₹) 99.94 100.02 100.23 98.86
Non-Competitive Bids Accepted        
(i) No. 2 7 15 3
(ii) Amount 10.042 81.020 200 11.034
Partial Allotment Percentage of Non-Competitive Bids        
Percentage     86.9554  
Weighted Average Yield (%) 7.3301 7.4768 7.6120 7.4195
Total Allotment Amount 2000 2000 2000 1500

  MAHARASHTRA SGS 2040 MAHARASHTRA SGS 2045* ODISHA SGS 2033 ODISHA SGS 2038
Notified Amount 1500 1500 1000 1000
Tenor Re-issue of 7.43% MAHARASHTRA SGS 2040 issued on 03-DEC-2025 Re-issue of 7.48% MAHARASHTRA SGS 2045 issued on 10-DEC-2025 7-Years 12-Years
Competitive Bids Received        
(i) No. 110 32 34 61
(ii) Amount 7079.50 850 5425 5185
Cut-off Yield (%) 7.5392   7.34 7.56
Cut off Price (₹) 99.02   100 100
Competitive Bids Accepted        
(i) No. 9   9 16
(ii) Amount 1386.499   978.622 959.982
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 80.7495   50.3018 73.1465
(ii) No. 1   4 4
Non-Competitive Bids Received        
(i) No. 12 10 4 7
(ii) Amount 113.501 76.385 21.378 40.018
Non-Competitive Price (₹) 99.08   100.05 100.02
Non-Competitive Bids Accepted        
(i) No. 12   4 7
(ii) Amount 113.501   21.378 40.018
Partial Allotment Percentage of Non-Competitive Bids        
Percentage        
Weighted Average Yield (%) 7.5323   7.3313 7.5572
Total Allotment Amount 1500 0 1000 1000

  PUNJAB SGS 2033 RAJASTHAN SGS 2035 RAJASTHAN SGS 2036 TAMILNADU SGS 2034
Notified Amount 2000 1500 1800 1000
Tenor 7-Years 9-Years Re-issue of 7.54% RAJASTHAN SGS 2036 issued on 24-DEC-2025 8-Years
Competitive Bids Received        
(i) No. 67 54 54 39
(ii) Amount 6460 4860 4950 4550
Cut-off Yield (%) 7.62 7.52 7.5904 7.39
Cut off Price (₹) 100 100 99.62 100
Competitive Bids Accepted        
(i) No. 35 23 35 9
(ii) Amount 1954.979 1444.991 1729.986 969.971
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 69.6906 95.4002 97.6124 47.0155
(ii) No. 5 4 2 6
Non-Competitive Bids Received        
(i) No. 5 5 7 4
(ii) Amount 45.021 55.009 70.014 30.029
Non-Competitive Price (₹) 100.17 100.11 99.83 100.03
Non-Competitive Bids Accepted        
(i) No. 5 5 7 4
(ii) Amount 45.021 55.009 70.014 30.029
Partial Allotment Percentage of Non-Competitive Bids        
Percentage        
Weighted Average Yield (%) 7.5883 7.5026 7.5617 7.3843
Total Allotment Amount 2000 1500 1800 1000

  TAMILNADU SGS 2036 TAMILNADU SGS 2037 TAMILNADU SGS 2056 TELANGANA SGS 2044
Notified Amount 1000 1000 1000 1000
Tenor 10-Years 11-Years Re-issue of 7.58% TAMILNADU SGS 2056 issued on 21-JAN-2026 18-Years
Competitive Bids Received        
(i) No. 83 51 23 49
(ii) Amount 6875 5725 2550 1646
Cut-off Yield (%) 7.50 7.53 7.5654 7.64
Cut off Price (₹) 100 100 100.17 100
Competitive Bids Accepted        
(i) No. 25 17 3 26
(ii) Amount 961.488 934.169 988.951 900
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 33.0639 32.4528 92.3951 26.6667
(ii) No. 12 4 1 3
Non-Competitive Bids Received        
(i) No. 7 10 3 15
(ii) Amount 38.512 65.831 11.049 225.803
Non-Competitive Price (₹) 100.09 100.07 100.17 100.42
Non-Competitive Bids Accepted        
(i) No. 7 10 3 15
(ii) Amount 38.512 65.831 11.049 100
Partial Allotment Percentage of Non-Competitive Bids        
Percentage       44.2864
Weighted Average Yield (%) 7.4875 7.5209 7.5654 7.5963
Total Allotment Amount 1000 1000 1000 1000

  TELANGANA SGS 2048 UTTARAKHAND SGS 2038 WEST BENGAL SGS 2044 WEST BENGAL SGS 2047
Notified Amount 500 1000 2000 2000
Tenor 22-Years 12-Years 18-Years 21-Years
Competitive Bids Received        
(i) No. 17 55 76 28
(ii) Amount 1855 4255 3426.05 3461.05
Cut-off Yield (%) 7.58 7.59 7.67 7.62
Cut off Price (₹) 100 100 100 100
Competitive Bids Accepted        
(i) No. 1 9 50 4
(ii) Amount 479.419 902.985 1813 1939.979
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 95.8838 79.9889 49.6552 87.9958
(ii) No. 1 3 7 1
Non-Competitive Bids Received        
(i) No. 5 11 11 5
(ii) Amount 20.581 97.015 187 60.021
Non-Competitive Price (₹) 100 100.12 100.36 100.11
Non-Competitive Bids Accepted        
(i) No. 5 11 11 5
(ii) Amount 20.581 97.015 187 60.021
Partial Allotment Percentage of Non-Competitive Bids        
Percentage        
Weighted Average Yield (%) 7.5800 7.5751 7.6332 7.6097
Total Allotment Amount 500 1000 2000 2000

  Total
Notified Amount 39800
Tenor  
Competitive Bids Received  
(i) No. 1679
(ii) Amount 145239.250
Cut-off Yield (%) –
Cut off Price (₹) –
Competitive Bids Accepted  
(i) No. 481
(ii) Amount 36392.773
Partial Allotment Percentage of Competitive Bids  
(i) Percentage –
(ii) No. –
Non-Competitive Bids Received  
(i) No. 226
(ii) Amount 2185.549
Non-Competitive Price (₹) –
Non-Competitive Bids Accepted  
(i) No. 216
(ii) Amount 1907.227
Partial Allotment Percentage of Non-Competitive Bids  
Percentage –
Weighted Average Yield (%) –
Total Allotment Amount 38300
*Maharashtra has not accepted any amount in the Re-issue of 7.48% Maharashtra SGS 2045, issued on December 10, 2025.

Ajit Prasad          
Deputy General Manager
(Communications)    

Press Release: 2025-2026/1992



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