The Government of India will conduct an underwriting auction for the sale of Government Securities (G-Secs) worth Rs 31,000 crore on February 13, 2026, ahead of the scheduled bond auction.
The auction includes the issuance of Rs 18,000 crore of the new GS 2031 security and Rs 13,000 crore of the 7.43% GS 2076 security.
As per the underwriting framework, the Minimum Underwriting Commitment (MUC) per Primary Dealer (PD) has been set at Rs 429 crore for GS 2031 and Rs 310 crore for GS 2076. The minimum bidding commitment under the Additional Competitive Underwriting (ACU) auction is also Rs 429 crore and Rs 310 crore per PD, respectively.
The underwriting auction will be conducted using a multiple price-based method. Primary Dealers can submit their bids electronically through the e-Kuber system between 9:00 am and 9:30 am on February 13, 2026.
The underwriting commission will be credited to the current accounts of the respective Primary Dealers with the Reserve Bank of India on the day the securities are issued.