macro

India Raises 33,000 Crore in Bond Auction, Sebi Clears Four IPOs

The RBI raised 33,000 crore in its weekly bond auction, Sebi cleared four IPOs and fined CDSL. Reported by Moody's.

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what happened

The Reserve Bank of India, acting for the government, raised 33,000 crore through its weekly auction of central government securities. Three-year paper worth 9,000 crore cleared at a cutoff yield of 7.12%, seven-year paper worth 12,000 crore at 7.38%, and 30-year paper worth 9,000 crore at 7.84%.

According to Moody's, Sebi has approved IPOs from four companies: Punjab Carbonic, Ratnadeep Retail, GNI Infrastructure and Atomberg Technologies. The 275-crore IPO of jewellery maker M K Sons Fine Jewels was subscribed 5.09 times on the final bidding day on Friday. Non-institutional investors bid 14.12 times their portion, qualified institutional buyers 1.84 times, and retail investors 3.08 times.

On Friday, Sebi also fined depository CDSL 1 crore for several compliance lapses. The company must pay within 45 days, or recovery proceedings may begin.

why it matters

Auction results set the reference level for Indian government bond yields, which feed into borrowing costs and expectations for monetary policy. Sebi's approvals pave the way for new listings, and strong demand for the M K Sons IPO suggests investors still have appetite for fresh issues.

market impact

Indian government bonds: auction yields set the reference for the debt market and borrowing costs

tags

instruments

India government bondsINRIndian IPO marketCDSL

sources

  1. Govt Raises 33K-cr at Weekly Bond Auction Mumbai: The RBI, on behalf — Moody's, 31 October 2026 at 04:12 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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