Result of Auction of State Development Loans of 12 State Governments – Full Auction Result

The Result of the auction of State Development Loans for 12 State Governments held on July 06, 2021.

Table
(₹ in crore)
  ANDHRA PRADESH 2038 ANDHRA PRADESH 2037 ASSAM 2026 BIHAR 2027
Notified Amount 1000 1000 500 2000
Underwriting Notified Amount NIL NIL NIL NIL
Tenure 17 16 5 6
Competitive Bids Received        
(i) No. 86 123 32 60
(ii) Amount 5021 6212.8 2485 4490.97
Cut-off Yield (%) 7.19 7.15 6.33 6.75
Competitive Bids Accepted        
(i) No. 36 20 2 36
(ii) Amount 944.974 947.446 487.487 1957.989
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 2.0491 60.6153 94.9948 67.3073
(ii) No. (6 bids) (7 bids) (1 bids) (3 bids)
Non-Competitive Bids Received        
(i) No. 6 10 4 6
(ii) Amount 55.026 52.554 12.513 42.011
Non-Competitive Price 100.46 100.16 100.07 100.48
Non-Competitive Bids Accepted        
(i) No. 6 10 4 6
(ii) Amount 55.026 52.554 12.513 42.011
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage
(ii) No.
Weighted Average Yield (%) 7.1424 7.1326 6.3146 6.6520
Amount of Underwriting accepted from Primary Dealers NIL NIL NIL NIL
Devolvement on Primary Dealers NIL NIL NIL NIL
Total Allotment Amount 1000 1000 500 2000

  CHHATTISGARH 2028 GOA 2031 GUJARAT 2030 MAHARASHTRA 2031*
Notified Amount 1000 100 1000 1000
Underwriting Notified Amount NIL NIL NIL NIL
Tenure 7 10 9 10
Competitive Bids Received        
(i) No. 68 35 81 135
(ii) Amount 4465 615 4690 5703
Cut-off Yield (%) 6.82 6.99 6.91 6.94
Competitive Bids Accepted        
(i) No. 20 10 20 18
(ii) Amount 979.999 94.954 900 1350
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 24.995 66.5644 48.5981 84.7343
(ii) No. (3 bids) (4 bids) (5 bids) (7 bids)
Non-Competitive Bids Received        
(i) No. 3 5 13 16
(ii) Amount 20.001 5.046 104.022 199.038
Non-Competitive Price 100.18 100.06 100.13 100.06
Non-Competitive Bids Accepted        
(i) No. 3 5 13 16
(ii) Amount 20.001 5.046 100 150
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage 96.1335 75.3625
(ii) No. (12 bids) (16 bids)
Weighted Average Yield (%) 6.7873 6.981 6.8903 6.9319
Amount of Underwriting accepted from Primary Dealers NIL NIL NIL NIL
Devolvement on Primary Dealers NIL NIL NIL NIL
Total Allotment Amount 1000 100 1000 1500

  MAHARASHTRA 2032 MIZORAM 2034 PUNJAB 2031 RAJASTHAN 2031
Notified Amount 1000 100 1200 1000
Underwriting Notified Amount NIL NIL NIL NIL
Tenure 11 13 Re-issue of 6.95% Punjab SDL 2031 issued on June 30, 2021 10
Competitive Bids Received        
(i) No. 155 35 82 112
(ii) Amount 5008 617.5 2231 4155
Cut-off Yield (%) 7.01 7.12 6.9905 6.97
Competitive Bids Accepted        
(i) No. 53 11 22 26
(ii) Amount 900 98.977 1080 900
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 41.194 21.5031 97.8261 47.541
(ii) No. (14 bids) (4 bids) (4 bids) (10 bids)
Non-Competitive Bids Received        
(i) No. 15 3 13 17
(ii) Amount 116.519 1.023 120.149 209.271
Non-Competitive Price 100.1 100.26 99.88 100.15
Non-Competitive Bids Accepted        
(i) No. 15 3 13 17
(ii) Amount 100 1.023 120 100
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage 85.8229 99.876 47.7849
(ii) No. (15 bids) (13 bids) (17 bids)
Weighted Average Yield (%) 6.9973 7.0891 6.9666 6.9488
Amount of Underwriting accepted from Primary Dealers NIL NIL NIL NIL
Devolvement on Primary Dealers NIL NIL NIL NIL
Total Allotment Amount 1000 100 1200 1000

  TAMILNADU 2031 TAMILNADU 2031 WEST BENGAL 2028 Total
Notified Amount 1000 1000 1500 14400
Underwriting Notified Amount NIL NIL NIL  
Tenure 10 Re-issue of 6.83% Tamil Nadu SDL 2031 issued on June 23, 2021 7  
Competitive Bids Received        
(i) No. 95 96 74 1269
(ii) Amount 3335 3520 5095 57644.27
Cut-off Yield (%) 6.95 6.9604 6.83  
Competitive Bids Accepted        
(i) No. 21 23 24 342
(ii) Amount 900 937.838 1454.988 13934.65
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 53.3333 16.8169 99.9975  
(ii) No. (5 bids) (2 bids) (4 bids)  
Non-Competitive Bids Received        
(i) No. 18 9 6 144
(ii) Amount 134.52 62.162 45.012 1178.867
Non-Competitive Price 100.27 99.24 100.15  
Non-Competitive Bids Accepted        
(i) No. 18 9 6 144
(ii) Amount 100 62.162 45.012 965.348
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage 74.3384  
(ii) No. (18 bids)  
Weighted Average Yield (%) 6.9115 6.9363 6.8024  
Amount of Underwriting accepted from Primary Dealers NIL NIL NIL  
Devolvement on Primary Dealers NIL NIL NIL  
Total Allotment Amount 1000 1000 1500 14900
* Maharashtra has accepted an additional amount of ₹ 500 crore in the 10 year Security.

Ajit Prasad
Director   

Press Release: 2021-2022/494

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