**Executive Summary**
This document presents the full auction results for State Government Securities held on March 02, 2026. It details the notified amounts, competitive and non-competitive bids received and accepted, cut-off yields, prices, and weighted average yields for various securities across multiple states. The primary action for stakeholders is to review these results for their respective state securities.
**Key Points / Main Content**
**Auction Results Overview**
* Auctions for State Government Securities were conducted on March 02, 2026.
* Results include details for multiple states: Assam, Chhattisgarh, Gujarat, Himachal Pradesh, Jammu and Kashmir UT, Karnataka, Madhya Pradesh, Maharashtra, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand, and West Bengal.
* Each state offered various securities with different tenors and notified amounts.
* Data presented includes the number and amount of competitive and non-competitive bids received and accepted, cut-off yields and prices, and weighted average yields.
**Specific Security Details**
* **Competitive Bids:** The number of competitive bids received ranged from 4 to 137, with amounts varying significantly across different securities. Competitive bids accepted also varied, with partial allotment percentages ranging from 2.1730% to 92.0562%.
* **Non-Competitive Bids:** The number of non-competitive bids received ranged from 1 to 221. The amounts and prices for non-competitive bids also varied.
* **Yields and Prices:** Cut-off yields ranged from 6.9005% to 7.69%. Cut-off prices were predominantly ₹100, with some exceptions at slightly higher or lower values. Weighted average yields are provided for each security.
* **Total Allotment:** The total allotment amount for each security generally matched the notified amount, with some states accepting additional amounts as noted in the footnotes.
**Additional Notes**
* Gujarat accepted an additional ₹500 crore in a 10-year security.
* Maharashtra accepted an additional ₹350 crore each in an 8-year security and a re-issue of SGS 2040.
* Some securities were re-issues of previously issued government securities.
**Impact Analysis**
**State Governments**
* **Impact:** The results indicate the amount of funding raised through these security auctions and the associated borrowing costs (yields).
* **Action Required:** Review the allocated amounts and yields for their respective state securities to manage debt and fiscal obligations.
**Investors (including banks, financial institutions, etc.)**
* **Impact:** Investors who participated in the auctions will have their bids accepted or rejected based on the cut-off yields and prices. The weighted average yields represent the realized returns.
* **Action Required:** Note the successful allotment of their bids and the corresponding returns. For those not successful, this provides data for future auction strategies.
**Reserve Bank of India (RBI)**
* **Impact:** The RBI, as the auctioneer, has successfully facilitated the issuance and sale of state government securities.
* **Action Required:** Monitor the performance of these securities and manage overall debt market liquidity.
Key Entities Referenced
Reserve Bank of India: The central bank of India, issuing the press release and conducting the auction.
State Government Securities: The financial instruments whose auction results are reported.