All eyes will be on the 10 franchises, who will battle it out to grab top-tier players as they aim to strengthen their squads ahead of next season.
Although this is a mini auction, the teams are expected to splurge cash on top players like Pat Cummins, Harry Brook and Mitchell Starc among others.
The IPL 2024 auction will feature 332 cricketers -- 214 Indians and 118 overseas players. A maximum of 77 slots are available with the 10 teams with 30 of them for overseas players.
23 players have been slotted in the top bracket with a base price of Rs 2 crore (Rs 20 million), while 13 have a reserve price of Rs 1.5 crore (Rs 15 million).