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

The Result of the auction of State Development Loans for Nine State Governments held on June 15, 2021.

Table
(₹ in crore)
  GOA 2031 GUJARAT 2031 HARYANA 2036 KERALA 2031
Notified Amount 100 1000 1000 1000
Underwriting Notified Amount NIL NIL NIL NIL
Tenure 10 10 15 10
Competitive Bids Received        
(i) No. 38 174 151 124
(ii) Amount 864 7480 4621 4269
Cut-off Yield (%) 6.78 6.75 6.92 6.81
Competitive Bids Accepted        
(i) No. 7 16 42 49
(ii) Amount 96.996 900 900 900
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 79.9939 72.3077 52.8302 77.4194
(ii) No. (3 bids) (4 bids) (13 bids) (11 bids)
Non – Competitive Bids Received        
(i) No. 4 24 10 21
(ii) Amount 3.004 203.522 120.023 150.888
Non-Competitive Price 100.09 100.07 100.26 100.13
Non-Competitive Bids Accepted        
(i) No. 4 24 10 21
(ii) Amount 3.004 100 100 100
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage 49.1347 83.3174 66.2743
(ii) No. (24 bids) (10 bids) (20 bids)
Weighted Average Yield (%) 6.7676 6.7396 6.8916 6.7923
Amount of Underwriting accepted from Primary Dealers NIL NIL NIL NIL
Devolvement on Primary Dealers NIL NIL NIL NIL
Total Allotment Amount 100 1000 1000 1000

  MAHARASHTRA 2032 MAHARASHTRA 2031 * PUNJAB 2031 RAJASTHAN 2031
Notified Amount 1000 1000 1500 750
Underwriting Notified Amount NIL NIL NIL NIL
Tenure 11 10 Re-issue of 6.81% Punjab SDL 2031 issued on June 09, 2021 10
Competitive Bids Received        
(i) No. 184 201 88 84
(ii) Amount 3543 8155 4585 2238
Cut-off Yield (%) 6.83 6.8 6.8209 6.84
Competitive Bids Accepted        
(i) No. 63 78 31 53
(ii) Amount 900 1350 1350 675
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 65.5319 56.3536 85.7143 8.6022
(ii) No. (10 bids) (22 bids) (2 bids) (9 bids)
Non – Competitive Bids Received        
(i) No. 21 23 12 16
(ii) Amount 197.157 190.473 174.05 127.357
Non-Competitive Price 100.16 100.12 99.96 100.22
Non-Competitive Bids Accepted        
(i) No. 21 23 12 16
(ii) Amount 100 150 150 75
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage 50.721 78.7513 86.1821 58.8896
(ii) No. (21 bids) (23 bids) (12 bids) (16 bids)
Weighted Average Yield (%) 6.8087 6.7827 6.8153 6.81
Amount of Underwriting accepted from Primary Dealers NIL NIL NIL NIL
Devolvement on Primary Dealers NIL NIL NIL NIL
Total Allotment Amount 1000 1500 1500 750

  RAJASTHAN 2026 TAMILNADU 2056 TAMILNADU 2025 TELANGANA 2051
Notified Amount 750 1000 1000 3000
Underwriting Notified Amount NIL NIL NIL NIL
Tenure 5 Re-issue of 6.96% Tamil Nadu SDL 2056 issued on May 19, 2021 4 30
Competitive Bids Received        
(i) No. 89 40 83 75
(ii) Amount 7145 3975 9150 11490
Cut-off Yield (%) 6.05 7.0289 5.65 7.03
Competitive Bids Accepted        
(i) No. 10 3 15 12
(ii) Amount 707.497 974.549 969.961 2959.901
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 59.652 48.7275 9.9805 48.3111
(ii) No. (4 bids) (3 bids) (3 bids) (11 bids)
Non – Competitive Bids Received        
(i) No. 5 3 5 3
(ii) Amount 42.503 25.451 30.039 40.099
Non-Competitive Price 100.09 99.1 100.13 100
Non-Competitive Bids Accepted        
(i) No. 5 3 5 3
(ii) Amount 42.503 25.451 30.039 40.099
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage
(ii) No.
Weighted Average Yield (%) 6.0299 7.0289 5.6119 7.0299
Amount of Underwriting accepted from Primary Dealers NIL NIL NIL NIL
Devolvement on Primary Dealers NIL NIL NIL NIL
Total Allotment Amount 750 1000 1000 3000

  Total
Notified Amount 13100
Underwriting Notified Amount  
Tenure  
Competitive Bids Received  
(i) No. 1331
(ii) Amount 67515
Cut-off Yield (%)  
Competitive Bids Accepted  
(i) No. 379
(ii) Amount 12683.904
Partial Allotment Percentage of Competitive Bids  
(i) Percentage  
(ii) No.  
Non – Competitive Bids Received  
(i) No. 147
(ii) Amount 1304.566
Non-Competitive Price  
Non-Competitive Bids Accepted  
(i) No. 147
(ii) Amount 916.096
Partial Allotment Percentage of Non-Competitive Bids  
(i) Percentage  
(ii) No.  
Weighted Average Yield (%)  
Amount of Underwriting accepted from Primary Dealers  
Devolvement on Primary Dealers  
Total Allotment Amount 13600
* Maharashtra has accepted an additional amount of ₹500 crore in the 10 year Security.

Ajit Prasad
Director   

Press Release: 2021-2022/365

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