IPL Auction Day 1 Highlights: INR 27 crore man Pant, Shreyas and Venkatesh the headline makers on Day 1

IPL Auction LIVE: Gujarat Titans, Delhi Capitals and Punjab Kings bought the most number of players at the auction, roping in eight each, while Rajasthan Royals and Mumbai Indians acquired least number of cricketers - three each. Punjab Kings, who had the largest purse heading into the auction, spent the most to buy eight players, spending INR 84.50 crore, while Mumbai Indians, who had among the least purse remaining, were cautious in spending just INR 18.40 crore. You can read how much purse each team has left in the link that's there at the top of this post. We will be back tomorrow to see this Mega-Auction through.

IPL Auction LIVE: Records were broken, something that was expected. What was unexpected was the way they were broken. Shreyas Iyer was not favourite to become the new most expensive player in auction history. Two minutes later, Rishabh Pant looked set to be sold at a lower cost than Iyer, only for LSG to blast his price to INR 27 crore and beat DC's RTM card. The most surprising of them all, though, was Venkatesh Iyer being sold for a whopping INR 23.75 crore. He was not in the marquee set and yet, he is the third most expensive player of this auction.

IPL Auction LIVE: Kartikeya goes to RR while Suthar goes to GT at INR 30 lakh each. Shreyas Gopal goes unsold after that and that is that for the day!

IPL Auction LIVE: Well there is still a chance that we might see the veteran tomorrow when the unsold players are brought back.

IPL Auction LIVE: KKR make the first bid for Markande and no one challenges. A very handy acquisition.

IPL Auction LIVE: Another former capped player. MI make the first bid and that is also the final bid.

IPL Auction LIVE: The players in the final category for today are uncapped spinners. The first of them is Suyash Sharma.

IPL Auction LIVE: PBKS joust with GT for Yash Thakur's signature and the latter pull out with a final bid of IN 1.50 crore. CSK and SRH then tussle for Simarjeet and the latter win it out at INR 1.50 crore.

IPL Auction LIVE: Long duel between KKR and RR until the later pull out at INR 1.50 crore. DC then raise the paddle once but KKR remain in the race and take Arora.

IPL Auction LIVE: SRH start the bid for Vyshak but it is then a battle between GT and PBKS. The latter win it out at INR 1.80 crore.

IPL Auction LIVE: IF he performs anything like he has for GT, DC may have just got the steal of the auction here.

IPL Auction LIVE: RR vs PBKS for Madhwal and the former wins it. PBKS pull out at INR 1.10 crore.

IPL Auction LIVE: Big payday for the pacer. RCB make the initial bid and SRH challenge them. RCB stay put and have a winning bid of INR 2 crore. DC use the RTM for that and then RCB shoots their bid up to INR 6 crore.

IPL Auction LIVE: All right we are done with the uncapped wicketkeepers, onto the uncapped fast bowlers now and the first name is that of Rasikh Salam.

IPL Auction LIVE: KKR make the first bid and PBKS raise their paddle after that. MI also show interest but PBKS wins out at INR 75 lakh.

IPL Auction LIVE: It is a CSK vs MI contest for Robin Minz, with the former making the first bid. They pull out at INR 60 lakh.

IPL Auction LIVE: A short bidding battle, first between CSK and PBKS and then CSK and GT. CSK pull out at INR 60 lakh.

IPL Auction LIVE:It is a fight between RR and GT and the former pull out at INR 1.60 crore. RCB don't use the RTM card.

IPL Auction LIVE: Ashutosh was one of two completely unknown players who worked wonders for PBKS and they were desperate to get him. At first it is RCB and RR who fight for him though, PBKS come in at INR 1.60 crore. They battle it out with DC, finally pull out at INR 3.60 crore.

IPL Auction LIVE: Vijay Shankar last played for India in 2019 and so is an uncapped player on account of the "MS Dhoni rule". CSK make the first bid, GT counter and the two sides go head to head until the former makes the winning bid.

IPL Auction LIVE: PBKS clearly intended to get Brar back. They first tussled with LSG and then with MI for the last bit.

IPL Auction LIVE: A story of LSG and RCB first and then LSG and PBKS this battle. LSG finally have the winning bid at INR 4.20 crore and SRH don't want to use the RTM card.

IPL Auction LIVE: MI use RTM for RR's winning bid of INR 3.40 crore. RR then increase it to INR 5.25 crore and MI show the RTM paddle immediately. Big, big payday for Naman Dhir.

IPL Auction LIVE: His base price was INR 30 lakh, remember. MI and RCB fight it out and raises the price to INR 1.20 crore, at which point the latter pull out but in come DC. MI stay in it until it gets to INR 2.40 crore. RR then battle with PBKS and final seem to have a winning bid at INR 3.40 crore.

IPL Auction LIVE: Quick bids now, we will start seeing this often. Nishant Sindhu, base price of ₹30 lakh, sold to Gujarat Titans for ₹30 lakh. Then Sameer Rizvi has also been sold to DC for his base price of INR 30 lakh. But now we have a battle for Naman Dhir.