**Executive Summary**
This report details the full auction results for State Government Securities held on October 20, 2025. The auction included securities from Chhattisgarh, Maharashtra, Rajasthan, Tamil Nadu, and Uttar Pradesh, with varying tenors and notified amounts. The total allotment amount across all securities was ₹17000 Crore.
**Key Points / Main Content**
* **Auction Details:**
* Date of Auction: October 20, 2025.
* Securities from Chhattisgarh, Maharashtra, Rajasthan, Tamil Nadu, and Uttar Pradesh were auctioned.
* **Chhattisgarh:**
* SGS 2040: 15-year tenor, ₹1000 Crore notified amount, 7.34% cut-off yield.
* SGS 2032 (Re-issue): Re-issue of 7.14% SGS 2032 issued on 19-MAR-2025, ₹1000 Crore notified amount, 7.0400% cut-off yield.
* **Maharashtra:**
* SGS 2036: 11-year tenor, ₹1500 Crore notified amount, 7.20% cut-off yield.
* SGS 2050: 25-year tenor, ₹1000 Crore notified amount, 7.29% cut-off yield.
* SGS 2034 (Re-issue): Re-issue of 7.24% SGS 2034 issued on 10-SEP-2025, ₹1000 Crore notified amount, 7.1305% cut-off yield.
* SGS 2041 (Re-issue): Re-issue of 7.26% SGS 2041 issued on 08-OCT-2025, ₹1500 Crore notified amount, 7.2894% cut-off yield.
* **Rajasthan:**
* SGS 2035: 10-year tenor, ₹2000 Crore notified amount, 7.23% cut-off yield.
* SGS 2051: 26-year tenor, ₹1500 Crore notified amount, 7.30% cut-off yield.
* SGS 2043 (Re-issue): Re-issue of 7.57% SGS 2043 issued on 28-AUG-2025, ₹1500 Crore notified amount, 7.3633% cut-off yield.
* **Tamil Nadu:**
* SGS 2032: 7-year tenor, ₹1000 Crore notified amount, 6.99% cut-off yield.
* SGS 2035: 10-year tenor, ₹1000 Crore notified amount, 7.14% cut-off yield.
* SGS 2055 (Re-issue): Re-issue of 7.44% SGS 2055 issued on 01-OCT-2025, ₹1000 Crore notified amount, 7.3497% cut-off yield.
* **Uttar Pradesh:**
* SGS 2035: 10-year tenor, ₹2000 Crore notified amount, 7.15% cut-off yield.
* **Competitive and Non-Competitive Bids:**
* Information provided includes the number and amount of competitive bids received and accepted, cut-off yield and price, and partial allotment percentages.
* Similar details are provided for non-competitive bids.
* **Weighted Average Yield:**
* The weighted average yield is listed for each security.
* **Total Allotment Amount:**
* The total allotment amount for all securities across all states was ₹17000 Crore.
**Impact Analysis**
**Stakeholder: State Governments (Chhattisgarh, Maharashtra, Rajasthan, Tamil Nadu, and Uttar Pradesh)**
**Impact:** Received funds through the auction of their respective State Government Securities.
**Action Required:** Manage the received funds according to their budgetary requirements and obligations.
**Stakeholder: Investors (including banks, financial institutions, and other eligible entities)**
**Impact:** Successful bidders have been allotted the securities as per the auction results.
**Action Required:** Manage the acquired securities as part of their investment portfolios, considering the tenor, yield, and other relevant factors.
Key Entities Referenced
State Government Securities: Securities issued by state governments, which are being auctioned.
Chhattisgarh: One of the states whose government securities are part of the auction.
Maharashtra: One of the states whose government securities are part of the auction.
Rajasthan: One of the states whose government securities are part of the auction.
Tamil Nadu: One of the states whose government securities are part of the auction.
Uttar Pradesh: One of the states whose government securities are part of the auction.