State Government Securities Auction Results
Official title
State Government Securities - Full Auction Result
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The Reserve Bank of India conducted an auction for State Government Securities on July 28, 2026, involving issuances from Andhra Pradesh, Gujarat, Maharashtra, Punjab, Rajasthan, Tamil Nadu, and Telangana. The auction saw a total notified amount of ₹18,100 crore, with a total allotment of ₹19,280.094 crore. The results provide details on competitive and non-competitive bids, cut-off yields, cut-off prices, and weighted average yields for each security. Specific adjustments were noted for Maharashtra, which accepted additional amounts for three re-issued securities, and Punjab, which accepted a partial amount for one security and an additional amount for another.
- Who is affected
- State governments of Andhra Pradesh, Gujarat, Maharashtra, Punjab, Rajasthan, Tamil Nadu, and Telangana.
- Key dates
- Date of auction — 27 Jul 2026
Source details
- Source
- Reserve Bank of India
- Type
- press-release
- Published by source
- 27 Jul 2026
- Document number
- 2026-2027/772
- Issuing division
- Department of Communication
- Coverage area
- banking
Clean document text
July 28, 2026
State Government Securities - Full Auction Result
The result of the auction of State Government Securities held on July 28, 2026, is as under:
(Amount in ₹ Crore)
| ANDHRA PRADESH SGS 2039 | ANDHRA PRADESH SGS 2051 | GUJARAT SGS 2035 | GUJARAT SGS 2038 | |
|---|---|---|---|---|
| Notified Amount | 1000 | 1600 | 1000 | 1000 |
| Tenor | Re-issue of 7.56% ANDHRA SGS 2039 issued on 01-JUL-2026 | 25 -Years | Re-issue of 7.38% GUJARAT SGS 2035 issued on 15-JUL-2026 | Re-issue of 7.51% GUJARAT SGS 2038 issued on 15-JUL-2026 |
| Competitive Bids Received | ||||
| (i) No. | 81 | 45 | 107 | 75 |
| (ii) Amount | 2410 | 7095 | 5001.299 | 3225 |
| Cut-off Yield (%) | 7.6105 | 7.68 | 7.3685 | 7.4799 |
| Cut off Price (₹) | 99.58 | 100 | 100.07 | 100.23 |
| Competitive Bids Accepted | ||||
| (i) No. | 19 | 9 | 15 | 8 |
| (ii) Amount | 936.522 | 1499.853 | 988.532 | 952.622 |
| Partial Allotment Percentage of Competitive Bids | ||||
| (i) Percentage | 50.4349 | 1.8464 | 54.4562 | 70.6429 |
| (ii) No. | 7 | 6 | 5 | 3 |
| Non - Competitive Bids Received | ||||
| (i) No. | 9 | 8 | 4 | 9 |
| (ii) Amount | 63.478 | 100.147 | 11.468 | 47.378 |
| Non-Competitive Price (₹) | 99.70 | 100.11 | 100.16 | 100.25 |
| Non-Competitive Bids Accepted | ||||
| (i) No. | 9 | 8 | 4 | 9 |
| (ii) Amount | 63.478 | 100.147 | 11.468 | 47.378 |
| Partial Allotment Percentage of Non-Competitive Bids | ||||
| Percentage | ||||
| Weighted Average Yield (%) | 7.5957 | 7.6703 | 7.3546 | 7.4774 |
| Total Allotment Amount | 1000 | 1600 | 1000 | 1000 |
ᮧेस ᮧकाशनी PRESS RELEASE
भारतीय ᳯरज़वर् बᱹक RESERVE BANK OF INDIA वेबसाइट : www.rbi.org.in/hindi संचार िवभाग, कᱶᮤीय कायार्लय, शहीद भगत ᳲसंह मागर्, फोटर्, मुंबई - 400 001 Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
| MAHARASHTRA SGS 2031* | MAHARASHTRA SGS 2039* | MAHARASHTRA SGS 2049* | PUNJAB SGS 2030# | |
|---|---|---|---|---|
| Notified Amount | 1000 | 2400 | 1600 | 1000 |
| Tenor | Re-issue of 7.35% MAHARASHTRA SGS 2031 issued on 08-APR-2026 | Re-issue of 7.91% MAHARASHTRA SGS 2039 issued on 08-APR-2026 | Re-issue of 8.07% MAHARASHTRA SGS 2049 issued on 08-APR-2026 | Re-issue of 7.02% PUNJAB SGS 2030 issued on 01-JUL-2026 |
| Competitive Bids Received | ||||
| (i) No. | 65 | 133 | 76 | 21 |
| (ii) Amount | 5620 | 8370 | 6410 | 1580 |
| Cut-off Yield (%) | 6.9911 | 7.5682 | 7.6738 | 7.1750 |
| Cut off Price (₹) | 101.40 | 102.74 | 104.21 | 99.47 |
| Competitive Bids Accepted | ||||
| (i) No. | 5 | 23 | 10 | 17 |
| (ii) Amount | 1249.410 | 2743.475 | 1931.386 | 725 |
| Partial Allotment Percentage of Competitive Bids | ||||
| (i) Percentage | 19.9213 | 91.9747 | 88.5241 | |
| (ii) No. | 1 | 5 | 1 | |
| Non - Competitive Bids Received | ||||
| (i) No. | 2 | 16 | 9 | 3 |
| (ii) Amount | 0.590 | 256.525 | 68.614 | 5.094 |
| Non-Competitive Price (₹) | 101.42 | 102.77 | 104.25 | 99.57 |
| Non-Competitive Bids Accepted | ||||
| (i) No. | 2 | 16 | 9 | 3 |
| (ii) Amount | 0.590 | 256.525 | 68.614 | 5.094 |
| Partial Allotment Percentage of Non-Competitive Bids | ||||
| Percentage | ||||
| Weighted Average Yield (%) | 6.9860 | 7.5645 | 7.6702 | 7.1453 |
| Total Allotment Amount | 1250 | 3000 | 2000 | 730.094 |
| PUNJAB SGS 2039# | RAJASTHAN SGS 2044 | RAJASTHAN SGS 2053 | TAMIL NADU SGS 2034 | |
|---|---|---|---|---|
| Notified Amount | 1000 | 1500 | 2000 | 1000 |
| Tenor | Re-issue of 7.62% PUNJAB SGS 2039 issued on 01-JUL-2026 | 18 -Years | Re-issue of 7.65% RAJASTHAN SGS 2053 issued on 01-JUL-2026 | Re-issue of 7.39% TAMILNADU SGS 2034 issued on 15-JUL-2026 |
| Competitive Bids Received | ||||
| (i) No. | 92 | 78 | 54 | 84 |
| (ii) Amount | 2842.450 | 4896 | 8080 | 3125 |
| Cut-off Yield (%) | 7.6892 | 7.68 | 7.6783 | 7.3808 |
| Cut off Price (₹) | 99.43 | 100 | 99.67 | 100.05 |
| Competitive Bids Accepted | ||||
| (i) No. | 28 | 16 | 5 | 31 |
| (ii) Amount | 1092.192 | 1350 | 1921.712 | 972.570 |
| Partial Allotment Percentage of Competitive Bids | ||||
| (i) Percentage | 94.6618 | 52.3381 | 10.5345 | 1.8357 |
| (ii) No. | 6 | 12 | 2 | 4 |
| Non - Competitive Bids Received | ||||
| (i) No. | 12 | 12 | 9 | 9 |
| (ii) Amount | 107.808 | 158.753 | 78.288 | 27.430 |
| Non-Competitive Price (₹) | 99.56 | 100.01 | 99.73 | 100.14 |
| Non-Competitive Bids Accepted | ||||
| (i) No. | 12 | 12 | 9 | 9 |
| (ii) Amount | 107.808 | 150 | 78.288 | 27.430 |
| Partial Allotment Percentage of Non-Competitive Bids | ||||
| Percentage | 94.4864 | |||
| Weighted Average Yield (%) | 7.6731 | 7.6790 | 7.6730 | 7.3656 |
| Total Allotment Amount | 1200 | 1500 | 2000 | 1000 |
| TAMIL NADU SGS 2041 | TELANGANA SGS 2055 | Total | |
|---|---|---|---|
| Notified Amount | 1000 | 1000 | 18100 |
| Tenor | Re-issue of 7.59% TAMILNADU SGS 2041 issued on 15-JUL-2026 | Re-issue of 7.65% TELANGANA SGS 2055 issued on 01-JUL-2026 | |
| Competitive Bids Received | |||
| (i) No. | 86 | 50 | 1047 |
| (ii) Amount | 4675 | 4925 | 68254.749 |
| Cut-off Yield (%) | 7.5872 | 7.6691 | - |
| Cut off Price (₹) | 100.02 | 99.77 | - |
| Competitive Bids Accepted | |||
| (i) No. | 17 | 1 | 204 |
| (ii) Amount | 933.306 | 968.255 | 18264.835 |
| Partial Allotment Percentage of Competitive Bids | |||
| (i) Percentage | 28.7555 | 97.8035 | - |
| (ii) No. | 2 | 1 | - |
| Non - Competitive Bids Received | |||
| (i) No. | 11 | 5 | 118 |
| (ii) Amount | 66.694 | 31.745 | 1024.012 |
| Non-Competitive Price (₹) | 100.07 | 99.77 | - |
| Non-Competitive Bids Accepted | |||
| (i) No. | 11 | 5 | 118 |
| (ii) Amount | 66.694 | 31.745 | 1015.259 |
| Partial Allotment Percentage of Non-Competitive Bids | |||
| Percentage | - | ||
| Weighted Average Yield (%) | 7.5815 | 7.6691 | - |
| Total Allotment Amount | 1000 | 1000 | 19280.094 |
*Maharashtra has accepted additional amount of ₹250 crore in Re-issue of 7.35% Maharashtra SGS 2031, issued on April 08, 2026, ₹600 crore in Re-issue of 7.91% Maharashtra SGS 2039, issued on April 08, 2026, and ₹400 crore in Re-issue of 8.07% Maharashtra SGS 2049, issued on April 08, 2026.
#Punjab has accepted partial amount of ₹730.094 crore in Re-issue of 7.02% Punjab SGS 2030, issued on July 01, 2026 and additional amount of ₹200 crore in Re-issue of 7.62% Punjab SGS 2039, issued on July 01, 2026.
Ajit Prasad Press Release: 2026-2027/772 Deputy General Manager (Communications)
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