The IPL Auction is an annual event where franchises of the Indian Premier League (IPL) bid for players to form their teams for the upcoming cricket season. Teams have a fixed budget and can choose from a pool of players, including both domestic and international talent. The auction is a strategic process, as teams aim to build a competitive squad while managing their finances. During the auction, players are listed in different categories, and teams take turns placing bids. The highest bidder secures the player, and the auction continues until all teams have filled their rosters. This event generates excitement among fans and significantly impacts the dynamics of the tournament.