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State Government Securities Auction Results, 21st April 2026

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Summary

The Reserve Bank of India published full auction results for State Government Securities across 16 securities from Andhra Pradesh, Maharashtra, Punjab, Rajasthan, and Telangana. The total notified amount was ₹16,900 crore with competitive bids received totaling ₹69,980.40 crore. Cut-off yields ranged from 7.53% (Maharashtra SGS 2034) to 7.84% (Punjab SGS 2038).

Published by RBI on rbi.org.in . Detected, standardized, and enriched by GovPing. Review our methodology and editorial standards .
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The RBI published the full results of the April 21, 2026 State Government Securities auction, covering 16 securities across five states with tenors ranging from 7 to 30 years. The auction attracted 1,182 competitive bids totaling Rs69,980.40 crore against a combined notified amount of Rs16,900 crore, indicating aggregate bid coverage of approximately 4.1x.

Participating banks, primary dealers, and institutional investors can reference the cut-off yields and weighted average yields for benchmarking and pricing of similar state government securities. The results provide transparency on accepted competitive and non-competitive bids across participating states, with partial allotment percentages ranging from approximately 10% to 91% for competitive bids.

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Apr 22, 2026

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| () |
| Date : Apr 21, 2026 |
| State Government Securities - Full Auction Result |
| The result of the auction of State Government Securities held on April 21, 2026, is as under:

| (Amount in ₹ Crore) |
| | ANDHRA PRADESH SGS 2034 | ANDHRA PRADESH SGS 2042 | ANDHRA PRADESH SGS 2056 | MAHARASHTRA SGS 2034 |
| Notified Amount | 1800 | 1800 | 1000 | 1600 |
| Tenor | 8 -Years | 16 -Years | 30 -Years | 8 -Years |
| Competitive Bids Received |
| (i) No. | 64 | 102 | 42 | 123 |
| (ii) Amount | 3880 | 5511 | 4260 | 6375 |
| Cut-off Yield (%) | 7.63 | 7.79 | 7.81 | 7.55 |
| Cut off Price (₹) | 100 | 100 | 100 | 100 |
| Competitive Bids Accepted |
| (i) No. | 31 | 4 | 4 | 52 |
| (ii) Amount | 1748.053 | 1620 | 967.561 | 1532.763 |
| Partial Allotment Percentage of Competitive Bids |
| (i) Percentage | 37.4040 | 79.9220 | 48.2092 | 10.2980 |
| (ii) No. | 1 | 3 | 3 | 25 |
| Non - Competitive Bids Received |
| (i) No. | 8 | 25 | 6 | 12 |
| (ii) Amount | 51.947 | 329.997 | 32.439 | 67.237 |
| Non-Competitive Price (₹) | 100.16 | 100.04 | 100.08 | 100.12 |
| Non-Competitive Bids Accepted |
| (i) No. | 8 | 25 | 6 | 12 |
| (ii) Amount | 51.947 | 180 | 32.439 | 67.237 |
| Partial Allotment Percentage of Non-Competitive Bids |
| Percentage | | 54.5460 |
| Weighted Average Yield (%) | 7.6023 | 7.7851 | 7.8028 | 7.5293 |
| Total Allotment Amount | 1800 | 1800 | 1000 | 1600 |

| | MAHARASHTRA SGS 2044 | MAHARASHTRA SGS 2054 | PUNJAB SGS 2038 | RAJASTHAN SGS 2036 |
| Notified Amount | 1600 | 800 | 1300 | 1200 |
| Tenor | 18 -Years | 28 -Years | 12 -Years | 10 -Years |
| Competitive Bids Received |
| (i) No. | 174 | 58 | 153 | 73 |
| (ii) Amount | 9305 | 4295 | 6520.350 | 5240 |
| Cut-off Yield (%) | 7.77 | 7.79 | 7.84 | 7.64 |
| Cut off Price (₹) | 100 | 100 | 100 | 100 |
| Competitive Bids Accepted |
| (i) No. | 9 | 2 | 26 | 16 |
| (ii) Amount | 1440 | 734.956 | 1170 | 1094.681 |
| (i) Percentage | 78.0899 | 90.6195 | 30.4403 | 26.9295 |
| (ii) No. | 8 | 1 | 10 | 8 |
| Non - Competitive Bids Received |
| (i) No. | 31 | 7 | 24 | 14 |
| (ii) Amount | 366.255 | 65.044 | 338.670 | 105.319 |
| Non-Competitive Price (₹) | 100 | 100 | 100.12 | 100.10 |
| Non-Competitive Bids Accepted |
| (i) No. | 31 | 7 | 24 | 14 |
| (ii) Amount | 160 | 65.044 | 130 | 105.319 |
| Percentage | 43.6854 | | 38.3855 | |
| Weighted Average Yield (%) | 7.7697 | 7.7897 | 7.8245 | 7.6259 |
| Total Allotment Amount | 1600 | 800 | 1300 | 1200 |

| | RAJASTHAN SGS 2041 | RAJASTHAN SGS 2049 | TELANGANA SGS 2033 | TELANGANA SGS 2037 |
| Notified Amount | 1800 | 1000 | 1000 | 1000 |
| Tenor | Re-issue of 7.99% RAJASTHAN SGS 2041 issued on 30-MAR-2026 | 23 -Years | 7 -Years | 11 -Years |
| Competitive Bids Received |
| (i) No. | 104 | 52 | 61 | 85 |
| (ii) Amount | 5703 | 4445 | 3860 | 6493.050 |
| Cut-off Yield (%) | 7.8205 | 7.81 | 7.54 | 7.70 |
| Cut off Price (₹) | 101.47 | 100 | 100 | 100 |
| Competitive Bids Accepted |
| (i) No. | 21 | 4 | 18 | 9 |
| (ii) Amount | 1620 | 939.739 | 985.187 | 900 |
| (i) Percentage | 64.5669 | 73.9952 | 19.7536 | 45.0826 |
| (ii) No. | 5 | 4 | 6 | 5 |
| Non - Competitive Bids Received |
| (i) No. | 23 | 8 | 8 | 16 |
| (ii) Amount | 331.803 | 60.261 | 14.813 | 160.902 |
| Non-Competitive Price (₹) | 101.51 | 100 | 100.08 | 100.07 |
| Non-Competitive Bids Accepted |
| (i) No. | 23 | 8 | 8 | 16 |
| (ii) Amount | 180 | 60.261 | 14.813 | 100 |
| Percentage | 54.2491 | 62.1496 |
| Weighted Average Yield (%) | 7.8160 | 7.8100 | 7.5249 | 7.6900 |
| Total Allotment Amount | 1800 | 1000 | 1000 | 1000 |

| | TELANGANA SGS 2047 | Total |
| Notified Amount | 1000 | 16900 |
| Tenor | 21 -Years | |
| Competitive Bids Received |
| (i) No. | 91 | 1182 |
| (ii) Amount | 4093 | 69980.400 |
| Cut-off Yield (%) | 7.82 | - |
| Cut off Price (₹) | 100 | - |
| Competitive Bids Accepted |
| (i) No. | 19 | 215 |
| (ii) Amount | 900 | 15652.940 |
| (i) Percentage | 52.7660 | - |
| (ii) No. | 8 | - |
| Non - Competitive Bids Received |
| (i) No. | 20 | 202 |
| (ii) Amount | 192.042 | 2116.729 |
| Non-Competitive Price (₹) | 100.05 | - |
| Non-Competitive Bids Accepted |
| (i) No. | 20 | 202 |
| (ii) Amount | 100 | 1247.060 |
| Percentage | 52.0719 | - |
| Weighted Average Yield (%) | 7.8147 | - |
| Total Allotment Amount | 1000 | 16900 |
Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2026-2027/115 | (Amount in ₹ Crore) | ANDHRA PRADESH SGS 2034 | ANDHRA PRADESH SGS 2042 | ANDHRA PRADESH SGS 2056 | MAHARASHTRA SGS 2034 | Notified Amount | 1800 | 1800 | 1000 | 1600 | Tenor | 8 -Years | 16 -Years | 30 -Years | 8 -Years | Competitive Bids Received | (i) No. | 64 | 102 | 42 | 123 | (ii) Amount | 3880 | 5511 | 4260 | 6375 | Cut-off Yield (%) | 7.63 | 7.79 | 7.81 | 7.55 | Cut off Price (₹) | 100 | 100 | 100 | 100 | Competitive Bids Accepted | (i) No. | 31 | 4 | 4 | 52 | (ii) Amount | 1748.053 | 1620 | 967.561 | 1532.763 | Partial Allotment Percentage of Competitive Bids | (i) Percentage | 37.4040 | 79.9220 | 48.2092 | 10.2980 | (ii) No. | 1 | 3 | 3 | 25 | Non - Competitive Bids Received | (i) No. | 8 | 25 | 6 | 12 | (ii) Amount | 51.947 | 329.997 | 32.439 | 67.237 | Non-Competitive Price (₹) | 100.16 | 100.04 | 100.08 | 100.12 | Non-Competitive Bids Accepted | (i) No. | 8 | 25 | 6 | 12 | (ii) Amount | 51.947 | 180 | 32.439 | 67.237 | Partial Allotment Percentage of Non-Competitive Bids | Percentage | | 54.5460 | Weighted Average Yield (%) | 7.6023 | 7.7851 | 7.8028 | 7.5293 | Total Allotment Amount | 1800 | 1800 | 1000 | 1600 | | MAHARASHTRA SGS 2044 | MAHARASHTRA SGS 2054 | PUNJAB SGS 2038 | RAJASTHAN SGS 2036 | Notified Amount | 1600 | 800 | 1300 | 1200 | Tenor | 18 -Years | 28 -Years | 12 -Years | 10 -Years | Competitive Bids Received | (i) No. | 174 | 58 | 153 | 73 | (ii) Amount | 9305 | 4295 | 6520.350 | 5240 | Cut-off Yield (%) | 7.77 | 7.79 | 7.84 | 7.64 | Cut off Price (₹) | 100 | 100 | 100 | 100 | Competitive Bids Accepted | (i) No. | 9 | 2 | 26 | 16 | (ii) Amount | 1440 | 734.956 | 1170 | 1094.681 | Partial Allotment Percentage of Competitive Bids | (i) Percentage | 78.0899 | 90.6195 | 30.4403 | 26.9295 | (ii) No. | 8 | 1 | 10 | 8 | Non - Competitive Bids Received | (i) No. | 31 | 7 | 24 | 14 | (ii) Amount | 366.255 | 65.044 | 338.670 | 105.319 | Non-Competitive Price (₹) | 100 | 100 | 100.12 | 100.10 | Non-Competitive Bids Accepted | (i) No. | 31 | 7 | 24 | 14 | (ii) Amount | 160 | 65.044 | 130 | 105.319 | Partial Allotment Percentage of Non-Competitive Bids | Percentage | 43.6854 | | 38.3855 | | Weighted Average Yield (%) | 7.7697 | 7.7897 | 7.8245 | 7.6259 | Total Allotment Amount | 1600 | 800 | 1300 | 1200 | | RAJASTHAN SGS 2041 | RAJASTHAN SGS 2049 | TELANGANA SGS 2033 | TELANGANA SGS 2037 | Notified Amount | 1800 | 1000 | 1000 | 1000 | Tenor | Re-issue of 7.99% RAJASTHAN SGS 2041 issued on 30-MAR-2026 | 23 -Years | 7 -Years | 11 -Years | Competitive Bids Received | (i) No. | 104 | 52 | 61 | 85 | (ii) Amount | 5703 | 4445 | 3860 | 6493.050 | Cut-off Yield (%) | 7.8205 | 7.81 | 7.54 | 7.70 | Cut off Price (₹) | 101.47 | 100 | 100 | 100 | Competitive Bids Accepted | (i) No. | 21 | 4 | 18 | 9 | (ii) Amount | 1620 | 939.739 | 985.187 | 900 | Partial Allotment Percentage of Competitive Bids | (i) Percentage | 64.5669 | 73.9952 | 19.7536 | 45.0826 | (ii) No. | 5 | 4 | 6 | 5 | Non - Competitive Bids Received | (i) No. | 23 | 8 | 8 | 16 | (ii) Amount | 331.803 | 60.261 | 14.813 | 160.902 | Non-Competitive Price (₹) | 101.51 | 100 | 100.08 | 100.07 | Non-Competitive Bids Accepted | (i) No. | 23 | 8 | 8 | 16 | (ii) Amount | 180 | 60.261 | 14.813 | 100 | Partial Allotment Percentage of Non-Competitive Bids | Percentage | 54.2491 | 62.1496 | Weighted Average Yield (%) | 7.8160 | 7.8100 | 7.5249 | 7.6900 | Total Allotment Amount | 1800 | 1000 | 1000 | 1000 | | TELANGANA SGS 2047 | Total | Notified Amount | 1000 | 16900 | Tenor | 21 -Years | | Competitive Bids Received | (i) No. | 91 | 1182 | (ii) Amount | 4093 | 69980.400 | Cut-off Yield (%) | 7.82 | - | Cut off Price (₹) | 100 | - | Competitive Bids Accepted | (i) No. | 19 | 215 | (ii) Amount | 900 | 15652.940 | Partial Allotment Percentage of Competitive Bids | (i) Percentage | 52.7660 | - | (ii) No. | 8 | - | Non - Competitive Bids Received | (i) No. | 20 | 202 | (ii) Amount | 192.042 | 2116.729 | Non-Competitive Price (₹) | 100.05 | - | Non-Competitive Bids Accepted | (i) No. | 20 | 202 | (ii) Amount | 100 | 1247.060 | Partial Allotment Percentage of Non-Competitive Bids | Percentage | 52.0719 | - | Weighted Average Yield (%) | 7.8147 | - | Total Allotment Amount | 1000 | 16900 |
| (Amount in ₹ Crore) |
| Notified Amount | 1800 | 1800 | 1000 | 1600 |
| Competitive Bids Received |
| (i) No. | 64 | 102 | 42 | 123 |
| (ii) Amount | 3880 | 5511 | 4260 | 6375 |
| Cut-off Yield (%) | 7.63 | 7.79 | 7.81 | 7.55 |
| Cut off Price (₹) | 100 | 100 | 100 | 100 |
| Competitive Bids Accepted |
| (i) No. | 31 | 4 | 4 | 52 |
| (ii) No. | 1 | 3 | 3 | 25 |
| Non - Competitive Bids Received |
| (i) No. | 8 | 25 | 6 | 12 |
| Non-Competitive Bids Accepted |
| (i) No. | 8 | 25 | 6 | 12 |
| (ii) Amount | 51.947 | 180 | 32.439 | 67.237 |
| Percentage | | 54.5460 |
| Notified Amount | 1600 | 800 | 1300 | 1200 |
| Competitive Bids Received |
| (i) No. | 174 | 58 | 153 | 73 |
| (ii) Amount | 9305 | 4295 | 6520.350 | 5240 |
| Cut-off Yield (%) | 7.77 | 7.79 | 7.84 | 7.64 |
| Cut off Price (₹) | 100 | 100 | 100 | 100 |
| Competitive Bids Accepted |
| (i) No. | 9 | 2 | 26 | 16 |
| (ii) Amount | 1440 | 734.956 | 1170 | 1094.681 |
| (ii) No. | 8 | 1 | 10 | 8 |
| Non - Competitive Bids Received |
| (i) No. | 31 | 7 | 24 | 14 |
| Non-Competitive Bids Accepted |
| (i) No. | 31 | 7 | 24 | 14 |
| (ii) Amount | 160 | 65.044 | 130 | 105.319 |
| Percentage | 43.6854 | | 38.3855 |
| Notified Amount | 1800 | 1000 | 1000 | 1000 |
| Competitive Bids Received |
| (i) No. | 104 | 52 | 61 | 85 |
| (ii) Amount | 5703 | 4445 | 3860 | 6493.050 |
| Cut off Price (₹) | 101.47 | 100 | 100 | 100 |
| Competitive Bids Accepted |
| (i) No. | 21 | 4 | 18 | 9 |
| (ii) Amount | 1620 | 939.739 | 985.187 | 900 |
| (ii) No. | 5 | 4 | 6 | 5 |
| Non - Competitive Bids Received |
| (i) No. | 23 | 8 | 8 | 16 |
| Non-Competitive Bids Accepted |
| (i) No. | 23 | 8 | 8 | 16 |
| (ii) Amount | 180 | 60.261 | 14.813 | 100 |
| Percentage | 54.2491 | 62.1496 |
| | TELANGANA SGS 2047 | Total |
| Notified Amount | 1000 | 16900 |
| Tenor | 21 -Years |
| Competitive Bids Received |
| (i) No. | 91 | 1182 |
| (ii) Amount | 4093 | 69980.400 |
| Cut-off Yield (%) | 7.82 | - |
| Cut off Price (₹) | 100 | - |
| Competitive Bids Accepted |
| (i) No. | 19 | 215 |
| (ii) Amount | 900 | 15652.940 |
| (i) Percentage | 52.7660 | - |
| (ii) No. | 8 | - |
| Non - Competitive Bids Received |
| (i) No. | 20 | 202 |
| (ii) Amount | 192.042 | 2116.729 |
| Non-Competitive Price (₹) | 100.05 | - |
| Non-Competitive Bids Accepted |
| (i) No. | 20 | 202 |
| (ii) Amount | 100 | 1247.060 |
| Percentage | 52.0719 | - |
| Weighted Average Yield (%) | 7.8147 | - |
| Total Allotment Amount | 1000 | 16900 |

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Classification

Agency
RBI
Published
April 21st, 2026
Instrument
Notice
Branch
Executive
Legal weight
Non-binding
Stage
Final
Change scope
Minor

Who this affects

Applies to
Banks Investors
Industry sector
5221 Commercial Banking
Activity scope
Government securities auction Debt issuance
Geographic scope
IN IN

Taxonomy

Primary area
Banking
Operational domain
Finance
Topics
Securities Government Contracting

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