IPL 2025 Mega Auction: The ten IPL franchises spent Rs 467.95 crore on 72 players over Day 1 of the IPL Auction in Jeddah, Saudi Arabia. The objective will be to round off the squads on the second day with regular bidding to start things off. It will be followed by an accelerated bidding process. On Day 1, Rishabh Pant pipped Shreyas Iyer to become the most expensive buy in IPL’s history with a Rs 27 crore bid from Lucknow Super Giants. Iyer was the first one to surpass Mitchell Starc as the IPL’s most expensive buy with cash-heavy Punjab Kings shelling out Rs 26.75 crore for their potential skipper choice.