Government of India have announced the Sale (re-issue) of (i) “6.84 per cent Government Stock, 2022” for a notified amount of  ₹ 3000 crore (nominal) through price based auction, 

(ii)“6.68 per cent Government Stock, 2031” for a notified amount of ₹ 8,000 crore (nominal) through price based auction,   (iii) “6.57 per cent Government Stock  2033” for a notified amount of ₹ 2,000 crore (nominal) through price based auction,   (iv) “7.06 per cent Government Stock, 2046” for a notified amount of  ₹ 2,000 crore (nominal) through price based auction. Subject to the limit of ₹ 15,000 crore, being total notified amount, GoI will have the option to retain additional subscription up to ₹ 1,000 crore against any of the above security. The auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on November 10, 2017 (Friday). 

Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities. 

Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on 
November 10, 2017. The non-competitive bids should be submitted between 10.30 a.m. and 
11.30 a.m. and the competitive bids should be submitted between 10.30 a.m. and 12.00 noon. 

The result of the auctions will be announced on November 10, 2017 (Friday) and payment by successful bidders will be on November 13, 2017 (Monday).    

The Stocks will be eligible for “When Issued” trading in accordance with the guidelines on ‘When Issued transactions in Central Government Securities’ issued by the Reserve Bank of India vide circular No. RBI/2006-07/178 dated November 16, 2006 as amended from time to time.

Government securities auction: price-based multiple price sale with reserved non-competitive allocation and fixed settlement date. Price-based multiple price auctions for re-issue of four central Government stocks will be conducted electronically on the RBI E-Kuber system on the stated auction date; competitive and non-competitive bids must be submitted within specified time windows, up to five percent of each notified amount is reserved under the Non-Competitive Bidding Facility, the issuer may retain additional subscriptions subject to an overall notified ceiling, auction results and settlement date are fixed, and the stocks are eligible for when-issued trading under RBI guidelines.