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 Rs8,000 crore (nominal) through price based auction,   (iii) “6.57 per cent Government Stock, 2033” for a notified amount of Rs. 2,000 crore (nominal) through price based auction, and (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 Rs.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 December 29, 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 December 29, 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 December 29, 2017 (Friday) and payment by successful bidders will be on January 01, 2018 (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 re-issue with multiple-price method and non-competitive allocation accepted electronically. Re-issue auctions of four central government stocks will be conducted through price-based auctions using the multiple-price method, with the issuer holding an option to retain additional subscription within the overall notified amount. Auctions will be conducted electronically on the central bank's core banking platform with specified windows for non-competitive and competitive bids; a capped portion of each notified issue will be allotted under the Non-Competitive Bidding Facility. Successful bidders make payment on the prescribed settlement date and the stocks are eligible for when-issued trading per central bank guidelines.