This has reference to the GoI notification F.No.4(6)-B(W&M)/2022 and RBI press release dated June 15, 2022 announcing that the Sovereign Gold Bond Scheme 2022-23 – Series 3 will be open for subscription from Monday, December 19, 2022 to Friday, December 23, 2022.
The Exchange is pleased to announce that BSE’s Online Bidding Platform for Sovereign Gold Bond Scheme 2022-23 – Series 3 (Tranche 62) will be open for subscription from Monday, December 19, 2022 to Friday, December 23, 2022 for trading members to subscribe to the issue for their clients.
Members will be also 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
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Issue Name
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Sovereign Gold Bonds Scheme 2022-23 – Series III (Tranche 62)
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Symbol
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SGB222303
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Issue serial number
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28820
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ISIN
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IN0020220110
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Issue Period
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Monday, December 19 to Friday, December 23, 2022
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Issue Price (per gram of gold)
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Online BID: Rs. 5,359 (For investors applying online and the payment against the application is made through digital mode)
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Offline BID: Rs. 5,409
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Minimum Quantity
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1 gram
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Maximum Quantity
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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.
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Bid Quantity Multiple
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1 gram
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Rate of Interest
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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.
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Date of Allotment
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December 27, 2022
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Bid Entry & Modification Timing:
a. On Monday, December 19, 2022 bid entry shall commence from 09:00 am onwards.
b. On the last day of bidding period, i.e. Friday, December 23, 2022 bid entry shall be available till 5:00 pm.
c. Bid Modification would be allowed during the bidding session on T day from 9.00 am to 5.00 pm. Post Depository validation at EOD (after 5.00 pm every day), only Depository and RBI Rejected Bids would be available for corrections.
d. Post closure of bidding on last day i.e. Friday, December 23, 2022 Depository and RBI rejected Bids would be available for correction strictly on the below mentioned timelines.
24/12/2022: 10.00 am to 2.00 pm
26/12/2022: 9.00 am to 11.00 am
Bid entry in Demat Mode: Member can place bids on behalf of their client by using existing Exchange registered UCC code through existing iBBS systemà SGB 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
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Bid Confirmation Process
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Indicative Timeline
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T-day
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Bid entry- Demat Mode
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9:00 am on T day till 5 pm on last day of bidding period
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Cut-off for validation with Depositories (modification/cancellation of bids not allowed till validation status is received)
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5:30 pm
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Bid status subsequent to validation with Depositories (modification/cancellation of bids where there is mismatch in verification of records with Depositories allowed)
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6:30 pm onwards
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Bid Entry - Physical Mode
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9:00 am on T day till 5 pm on last day of bidding period
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T+1 day (Demat & Physical Mode)
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Bid status subsequent to RBI confirmation (modification/cancellation of bids where the bid has been rejected by RBI, allowed)
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2:00 pm onwards
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Obligation file download for funds pay-in for RBI confirmed bids
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4:00 pm
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Money Statement (only for bid confirmed by RBI)
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Balance sheet file (only for bid confirmed by RBI)
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T+2 day (Demat & Physical Mode)
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Funds Pay-in to ICCL
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11:30 am
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At the end of Tranche (After additional modification time window is closed)
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Full Bid confirmation file (will include all bids)
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5:30 pm
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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 –
For and on behalf of BSE Ltd.,
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Ketan Jantre
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Sandeep Pujari
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Sr. GM-Trading Operations
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DGM-Trading Operations
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