The auctions will be conducted using uniform price method in Mumbai office of Reserve Bank of India on May 16. (Read In Hindi: सरकारी स्टॉकों की बिक्री के लिए नीलामी 16 मई को)

Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.

The result of the auctions will be announced on same day and payment by successful bidders will be on May 19.