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PDF - Result of Auction of State Development Loans of 15 State Governments - Full Auction Result ()
Date : Mar 23, 2021
Result of Auction of State Development Loans of 15 State Governments - Full Auction Result

The Result of the auction of State Development Loans for 15 State Governments held on March 23, 2021.

Table
(₹ in crore)
  ARUNACHAL PRADESH 2031 ASSAM 2031 CHHATTISGARH 2029 GOA 2031
Notified Amount 286 630 1000 200
Underwriting Notified Amount NIL NIL NIL NIL
Tenure 10 10 8 10
Competitive Bids Received        
(i) No. 32 59 84 22
(ii) Amount 1300 3140 6472 673
Cut-off Yield (%) 6.85 6.85 6.94 6.85
Competitive Bids Accepted        
(i) No. 2 2 24 2
(ii) Amount 273.129 573.599 900 180.386
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 95.4997 91.0475 90 90.193
(ii) No. (2 bids) (2 bids) (5 bids) (2 bids)
Non - Competitive Bids Received        
(i) No. 6 11 13 7
(ii) Amount 12.871 56.401 116.515 19.614
Non-Competitive Price 100 100 100.44 100
Non-Competitive Bids Accepted        
(i) No. 6 11 13 7
(ii) Amount 12.871 56.401 100 19.614
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage - - 85.8259 -
(ii) No. - - (13 bids) -
Weighted Average Yield (%) 6.85 6.85 6.8672 6.85
Amount of Underwriting accepted from Primary Dealers NIL NIL NIL NIL
Devolvement on Primary Dealers NIL NIL NIL NIL
Total Allotment Amount 286 630 1000 200

  GUJARAT 2031* JHARKHAND 2036 KERALA 2027 KERALA 2023
Notified Amount 1500 1000 1000 1000
Underwriting Notified Amount NIL NIL NIL NIL
Tenure 10 15 6 2
Competitive Bids Received        
(i) No. 182 77 100 96
(ii) Amount 10350 5087 6955 7425
Cut-off Yield (%) 6.84 6.86 6.72 4.77
Competitive Bids Accepted        
(i) No. 14 2 30 1
(ii) Amount 1800 900 936.447 980
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 69.8297 90 29.9754 98
(ii) No. (5 bids) (2 bids) (3 bids) (1 bid)
Non - Competitive Bids Received        
(i) No. 23 11 10 2
(ii) Amount 345.976 127.282 63.553 20
Non-Competitive Price 100.05 100 100.46 100
Non-Competitive Bids Accepted        
(i) No. 23 11 10 2
(ii) Amount 200 100 63.553 20
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage 57.8075 78.5657 - -
(ii) No. (23 bids) (11 bids) - -
Weighted Average Yield (%) 6.8337 6.86 6.6259 4.77
Amount of Underwriting accepted from Primary Dealers NIL NIL NIL NIL
Devolvement on Primary Dealers NIL NIL NIL NIL
Total Allotment Amount 2000 1000 1000 1000

  MADHYA PRADESH 2023 MEGHALAYA 2031 PUDUCHERRY 2034 PUNJAB 2033
Notified Amount 4473 102 100 1000
Underwriting Notified Amount NIL NIL NIL NIL
Tenure 2 10 13 12
Competitive Bids Received        
(i) No. 197 29 15 30
(ii) Amount 27218 640 455 2495
Cut-off Yield (%) 4.77 6.85 6.86 6.86
Competitive Bids Accepted        
(i) No. 1 2 2 2
(ii) Amount 4339.529 96.85 96.999 932.599
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 97.0161 94.951 96.999 93.2599
(ii) No. (1 bid) (2 bids) (2 bids) (2 bids)
Non - Competitive Bids Received        
(i) No. 4 4 4 9
(ii) Amount 133.471 5.15 3.001 67.401
Non-Competitive Price 100 100 100 100
Non-Competitive Bids Accepted        
(i) No. 4 4 4 9
(ii) Amount 133.471 5.15 3.001 67.401
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage - - - -
(ii) No. - - - -
Weighted Average Yield (%) 4.77 6.85 6.86 6.86
Amount of Underwriting accepted from Primary Dealers NIL NIL NIL NIL
Devolvement on Primary Dealers NIL NIL NIL NIL
Total Allotment Amount 4473 102 100 1000

  PUNJAB 2028** PUNJAB 2031 SIKKIM 2031 TAMILNADU 2030
Notified Amount 1032 1000 15 977
Underwriting Notified Amount NIL NIL NIL NIL
Tenure Re-issue of 7.02% Punjab SDL 2028 issued on March 10, 2021 Re-issue of 7.05% Punjab SDL 2031 issued on February 10, 2021 10 Re-issue of 6.73% Tamil Nadu SDL 2030 issued on May 13, 2020
Competitive Bids Received        
(i) No. 41 65 17 130
(ii) Amount 3627 4181 126 6073
Cut-off Yield (%) - 6.8301 6.93 6.8896
Competitive Bids Accepted        
(i) No. - 3 3 16
(ii) Amount - 900 14.818 879.3
Partial Allotment Percentage of Competitive Bids        
(i) Percentage - 68.1199 49.3933 84.4
(ii) No. - (2 bids) (3 bids) (2 bids)
Non - Competitive Bids Received        
(i) No. 7 12 2 18
(ii) Amount 80.33 112.502 0.182 142.025
Non-Competitive Price 0 101.57 100 99.05
Non-Competitive Bids Accepted        
(i) No. - 12 2 18
(ii) Amount - 100 0.182 97.7
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage - 88.8873 - 68.7907
(ii) No. - (12 bids) - (18 bids)
Weighted Average Yield (%) - 6.8273 6.93 6.87
Amount of Underwriting accepted from Primary Dealers NIL NIL NIL NIL
Devolvement on Primary Dealers NIL NIL NIL NIL
Total Allotment Amount 0 1000 15 977

  UTTARAKHAND 2031 WEST BENGAL 2031 Total
Notified Amount 1000 2000 18315
Underwriting Notified Amount NIL NIL  
Tenure 10 10  
Competitive Bids Received      
(i) No. 91 117 1384
(ii) Amount 6532.5 10184.5 102934
Cut-off Yield (%) 6.84 6.83  
Competitive Bids Accepted      
(i) No. 4 1 111
(ii) Amount 900 1800 16503.656
Partial Allotment Percentage of Competitive Bids      
(i) Percentage 81.0811 90  
(ii) No. (4 bids) (1 bid)  
Non - Competitive Bids Received      
(i) No. 16 20 179
(ii) Amount 154.521 327.421 1788.216
Non-Competitive Price 100 100  
Non-Competitive Bids Accepted      
(i) No. 16 20 172
(ii) Amount 100 200 1279.344
Partial Allotment Percentage of Non-Competitive Bids      
(i) Percentage 64.7161 61.0834  
(ii) No. (15 bids) (20 bids)  
Weighted Average Yield (%) 6.84 6.83  
Amount of Underwriting accepted from Primary Dealers NIL NIL  
Devolvement on Primary Dealers NIL NIL  
Total Allotment Amount 1000 2000 17783
* Gujarat has accepted an additional amount of ₹ 500 crore.
** Punjab has not accepted any amount for the reissue of 7.02% Punjab SDL 2028

Ajit Prasad
Director   

Press Release: 2020-2021/1287

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