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Notices
Notice No20180414-1Notice Date14 Apr 2018
CategoryTradingSegmentEquity
SubjectGuidelines for Online Bidding platform for Sovereign Gold Bond 2018-19: Series 1
Content

This has reference to the Government of India has vide its  GoI notification F.No.4(8)-W&M/2018 and RBI circular IDMD.CDD.No.2651/14.04.050/2017-18 dated April 13 2018  announcing that the Sovereign Gold Bond Scheme 2018-19 – Series 1 will be open for subscription from Monday, April 16 to Friday, April 20, 2018.

 

The Exchange is pleased to announce that BSE’s Online Bidding Platform for Sovereign Gold Bond Scheme 2018-19 – Series 1 (Tranche 22) will be open for subscription from Monday, April 16 to Friday, April 20, 2018 for trading members to subscribe to the issue for their clients.

 

Members will be able to place bids for physical mode for their clients to hold SGB units in non-demat form. This will be in addition to the existing bid entry in demat mode through iBBS system - Exchange’s existing web-based online bidding platform for IPO, Offer for Sale (OFS), Offer to buy (OTB) issues.

 

Details of the SGB Scheme Master

 

Issue Name

Sovereign Gold Bonds Scheme 2018-19 – Series 1 (Tranche 22)

Symbol

SGB181901

Issue serial number

19144

ISIN

IN0020180033

Issue Period

Monday, April 16 to Friday, April 20, 2018

Issue Price (per gram of gold)

Online BID: Rs. 3064 (For investors applying online and the payment against the application is made through digital mode)

Offline BID:  Rs. 3114

Minimum Quantity

1 gram

Maximum Quantity

The maximum limit of subscribed shall be 4 KG for individual, 4 Kg for HUF and 20 Kg for trusts and similar entities per fiscal (April-March) notified by the Government from time to time. A self-declaration to this effect will be obtained. The annual ceiling will include bonds subscribed under different tranches during initial issuance by Government and those purchased from the Secondary Market.

Bid Quantity Multiple

1 gram

Rate of Interest

2.50% per annum on the amount of initial investment. It shall commence from the date of its issue and is payable every 6 months.

Date of Allotment

May 04, 2018

 

 

 

 

 

Bid Entry & Modification Timing:

a.       On Monday, April 16, 2018 bid entry shall commence from 09:00 am onwards.

b.       On the last day of bidding period, i.e. Friday, April 20, 2018 bid entry shall be available till 05:30 PM.

 

Bid entry in Demat Mode: Member can place bids on behalf of their client by using existing Exchange registered UCC code through existing iBBS systemàSGB Bid entry screen. Please refer ‘Annexure – 1’ for Bid entry Guideline in demat mode and ‘Annexure – 2’ for Bid entry module screen shots for more details

 

Bid entry in Physical Mode : New option has been made available in existing iBBS ->’SGB Physical Bid Entry’ for members whose client’s wants to purchase Sovereign Gold Bond (SGB) units in physical certificate form (i.e. non-Demat mode). Please refer ‘Annexure – 1’ for Bid entry Guideline in physical mode and ‘Annexure – 3’ for Physical Bid entry module screen shots for more details

 

Bid Confirmation Process Timeline: Members are requested to refer to the following indicative process timeline including that for various files/reports to understand the status of confirmation of their bids

 

 Bid Confirmation Process

Indicative Timeline

T-day

 

Bid entry- Demat Mode

9:00 am on T day till 5:30 pm on last day of bidding period

Cut-off for validation with Depositories (modification/cancellation of bids not allowed till validation status is received)

5:30 pm

Bid status subsequent to validation with Depositories (modification/cancellation of bids where there is mismatch in verification of records with Depositories allowed)

6:30 pm onwards

Bid Entry - Physical Mode

9:00 am on T day till 05:30 pm on last day of bidding period

 

 

T+1 day (Demat & Physical Mode)

 

Bid status subsequent to RBI confirmation (modification/cancellation of bids where the bid has been rejected by RBI, allowed)

2:00 pm onwards

Obligation file download for funds pay-in for RBI confirmed bids

4:00 pm

Money Statement  (only for bid confirmed by RBI)

 

Balance sheet file (only for bid confirmed by RBI)

 

 

 

T+2 day (Demat & Physical Mode)

 

Funds Pay-in to ICCL

11:30 am

 

 

At the end of Tranche (After additional modification time window is closed)

 

Full Bid confirmation file (will include all bids)

7:30 pm

 

Additional time window for modification/cancellation of Demat & Physical Mode bids: Members will be provided an additional time window after closure of the issue for modifying/cancelling those bids where there is mismatch in verification of records with Depositories or where the bid has been rejected at RBI system end.

 

 

Please find enclosed herewith the following as Annexure -

a)      Annexure 1- SGB Demat & Physical bid entry Guidelines

b)      Annexure 2- SGB Demat Bid Entry Module screenshots.

c)       Annexure 3- SGB Physical Bid Entry Module screenshots.

d)      Annexure 4- Physical Mode Application form

 

 

For further information on the SGB Scheme, trading members are requested to refer to the above-mentioned notification issued by Government of India, RBI circular as well as Frequently Asked Questions (FAQs) section on RBI’s website and Exchange circulars at the following web links –

 

Government of India, Ministry of Finance, Department of Economic Affairs Notification: https://rbidocs.rbi.org.in/rdocs/content/pdfs/SGBVIIIGN06102017_AN.pdf

 

RBI Circular: https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=41889

 

Frequently Asked Questions (FAQs) https://www.rbi.org.in/Scripts/FAQView.aspx?Id=109

 

Exchange website – About Sovereign Gold Bonds under the Public Issues Section

http://www.bseindia.com/Static/Markets/PublicIssues/gold_sovereign_bonds.aspx?expandable=2

 

 


 

 

Important Note:

Members may kindly note that for the submitted bids in demat mode, Exchange shall be taking the demat account registration details of the investors (for whom bid has been submitted) from the depositories, as available. This is being done as the registration details have to be provided to RBI along with the bid. Exchange shall be using these details only for the purpose of providing it to RBI.

 

 

In case of any queries or clarifications, trading members may kindly contact the following teams at the contact nos. given below –

 

Queries/Request

Team

Email ID

Tel. No.

New user ID creation or password reset

Trading Operations

user.trdops@bseindia.com

022-2272 8005/8215

Bidding related queries

Trading Operations

trading.ops@bseindia.com

022-2272 8226/8436

Obligation & Pay-in related queries

ICCL Operations

bse.csd@icclindia.com

022-2272 8468/8704/ 5163

 

 

 

For and on behalf of BSE Ltd.,

 

 

Ketan Jantre

Sandeep Pujari

GM-Trading Operations

AGM-Trading Operations