**Executive Summary**
This document reports the full auction results of State Government Securities held on February 10, 2026. It details the notified amounts, tenors, and the results of competitive and non-competitive bids for various states, including Assam, Bihar, Chhattisgarh, Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Mizoram, Punjab, Tamil Nadu, Telangana, Uttar Pradesh, and West Bengal. The press release number is 2025-2026/2083.
**Key Points / Main Content**
* **Auction Overview:**
* The auction included securities from multiple states with varying tenors.
* The total notified amount across all states was ₹48,615 Crore.
* The total allotment amount was ₹47,620.306 Crore.
* **Competitive Bids:**
* A total of 2546 competitive bids were received, amounting to ₹196,523.089 Crore.
* 567 competitive bids were accepted, amounting to ₹45423.521 Crore.
* **Non-Competitive Bids:**
* A total of 273 non-competitive bids were received, amounting to ₹2655.136 Crore.
* 269 non-competitive bids were accepted, amounting to ₹2196.785 Crore.
* **State-Specific Details:**
* The document provides detailed information on notified amounts, tenors, competitive bids received and accepted, cut-off yields, cut-off prices, partial allotment percentages, non-competitive bids received and accepted, and weighted average yields for each state.
* *Gujarat accepted an additional ₹500 crore in the 5-year security.
* #Madhya Pradesh accepted a partial amount of ₹1550.201 crore in the 21-year security.
* @Maharashtra accepted additional ₹350 crore amounts in the 6.90% Maharashtra SGS 2030 and 7.44% Maharashtra SGS 2034, but did not accept any amount in the 23-year security.
* $West Bengal accepted partial amount of ₹1255.105 crore in the 21-year security.
* **Re-issuance of Securities:**
* Several states re-issued existing securities, including Chhattisgarh SGS 2035, Karnataka SGS 2035, Maharashtra SGS 2030, Maharashtra SGS 2034, and Uttar Pradesh SGS 2037.
**Impact Analysis**
**State Governments:**
* **Impact:** Affected by the outcome of the auction, which determines the amount of funds raised through the issuance of State Government Securities.
* **Action Required:** Need to manage their finances based on the funds raised through the auction and the associated interest rates (yields).
**Investors:**
* **Impact:** The auction results provide information on the yields and prices at which the securities were allotted, impacting their investment returns.
* **Action Required:** Investors need to evaluate the auction results and adjust their investment strategies accordingly.
**Reserve Bank of India (RBI):**
* **Impact:** The RBI is responsible for conducting the auction and managing the overall borrowing program of the state governments.
* **Action Required:** RBI needs to monitor the market response to the auction and ensure the smooth functioning of the government securities market.
Key Entities Referenced
Bihar: One of the states whose securities were being auctioned in the auction.
Reserve Bank of India: The central bank of India, conducting the auction of State Government Securities.
Assam: One of the states whose securities were being auctioned in the auction.
State Government Securities: Securities issued by state governments, which are being auctioned.
Chhattisgarh: One of the states whose securities were being auctioned in the auction.